CVX

CHEVRON CORPEnergy

10-K for period ending 2025-12-31filed 2026-02-24accession 0000093410-26-000078filing on sec.gov ↗

answer key

field	SEC value	XBRL concept	printed on
Total revenue	$184.4B	RevenueFromContractWithCustomerExcludingAssessedTax	Sales and other operating revenues
Operating income	-	not reported	not in this filing's XBRL
Net income attributable to the company	$12.3B	NetIncomeLoss	Net Income (Loss) Attributable to Chevron Corporation
Diluted EPS	$6.63	EarningsPerShareDiluted	- Diluted
Cash and cash equivalents	$7.3B	CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	not printed on the statement, not scored
Total assets	$324.0B	Assets	Total Assets · Total Liabilities and Equity
Total liabilities	$131.8B	Liabilities	Total Liabilities2
Total shareholders' equity attributable to the company	$186.4B	StockholdersEquity	Total Chevron Corporation Stockholders’ Equity
Net cash from operating activities	$33.9B	NetCashProvidedByUsedInOperatingActivities	Net Cash Provided by Operating Activities
Net cash from investing activities	-$15.9B	NetCashProvidedByUsedInInvestingActivities	Net Cash Used for Investing Activities
Net cash from financing activities	-$19.1B	NetCashProvidedByUsedInFinancingActivities	Net Cash Provided by (Used for) Financing Activities

Income statement

table #149 · score 50.3 vs 34.5 runner-up · in millions

Year ended December 31
2025	2024	2023
Revenues and Other Income
Sales and other operating revenues	184,432	193,414	196,913
Income (loss) from equity affiliates	3,000	4,596	5,131
Other income (loss)	1,599	4,782	(1,095)
Total Revenues and Other Income	189,031	202,792	200,949
Costs and Other Deductions
Purchased crude oil and products	108,214	119,206	119,196
Operating expenses	28,005	27,464	24,887
Selling, general and administrative expenses	5,126	4,834	4,141
Exploration expenses	1,051	995	914
Depreciation, depletion and amortization	20,132	17,282	17,326
Taxes other than on income	5,230	4,716	4,220
Interest and debt expense	1,217	594	469
Other components of net periodic benefit costs	313	195	212
Total Costs and Other Deductions	169,288	175,286	171,365
Income (Loss) Before Income Tax Expense	19,743	27,506	29,584
Income Tax Expense (Benefit)	7,258	9,757	8,173
Net Income (Loss)	12,485	17,749	21,411
Less: Net income (loss) attributable to noncontrolling interests	186	88	42
Net Income (Loss) Attributable to Chevron Corporation	12,299	17,661	21,369
Per Share of Common Stock
Net Income (Loss) Attributable to Chevron Corporation
- Basic	6.65	9.76	11.41
- Diluted	6.63	9.72	11.36
See accompanying Notes to the Consolidated Financial Statements.
Consolidated Statement of Comprehensive Income	Financial Table of Contents
Millions of dollars

Balance sheet

table #153 · score 55 vs 21.3 runner-up · in millions

At December 31
2025	2024
Assets
Cash and cash equivalents	6,293	6,781
Time deposits	4	4
Marketable securities	-	-
Accounts and notes receivable (less allowance: 2025 - $176; 2024 - $259)	18,075	20,684
Inventories:
Crude oil and products	6,640	6,490
Chemicals	571	502
Materials, supplies and other	2,500	2,082
Total inventories	9,711	9,074
Prepaid expenses and other current assets	4,469	4,368
Total Current Assets	38,552	40,911
Long-term receivables, net (less allowances: 2025 - $216; 2024 - $352)	1,035	877
Investments and advances	43,867	47,438
Properties, plant and equipment, at cost	434,955	345,933
Less: Accumulated depreciation, depletion and amortization	215,226	198,134
Properties, plant and equipment, net	219,729	147,799
Deferred charges and other assets	16,236	14,854
Goodwill	4,568	4,578
Assets held for sale	25	481
Total Assets	324,012	256,938
Liabilities and Equity
Short-term debt	977	4,406
Accounts payable	19,280	22,079
Accrued liabilities	10,763	8,486
Federal and other taxes on income	844	1,872
Other taxes payable	1,523	1,715
Total Current Liabilities	33,387	38,558
Long-term debt1	39,781	20,135
Deferred credits and other noncurrent obligations	24,543	22,094
Noncurrent deferred income taxes	30,014	19,137
Noncurrent employee benefit plans	4,111	3,857
Total Liabilities2	131,836	103,781
Preferred stock (authorized 100,000,000 shares; $1.00 par value; none issued)	-	-
Common stock (authorized 6,000,000,000 shares; $0.75 par value; 2,442,676,580 shares issued at December 31, 2025 and 2024)	1,832	1,832
Capital in excess of par value	33,886	21,671
Retained earnings	205,365	205,852
Accumulated other comprehensive losses	(2,464)	(2,760)
Deferred compensation and benefit plan trust	(240)	(240)
Treasury stock, at cost (2025 - 448,260,458 shares; 2024 - 673,664,306 shares)	(51,929)	(74,037)
Total Chevron Corporation Stockholders’ Equity	186,450	152,318
Noncontrolling interests	5,726	839
Total Equity	192,176	153,157
Total Liabilities and Equity	324,012	256,938
1 Includes finance lease liabilities of $659 and $546 at December 31, 2025 and 2024, respectively.
2 Refer to Note 24 Other Contingencies and Commitments.
See accompanying Notes to the Consolidated Financial Statements.
Consolidated Statement of Cash Flows	Financial Table of Contents
Millions of dollars

Cash flow statement

table #155 · score 53.3 vs 33.8 runner-up · in millions

Year ended December 31
2025	2024	2023
Operating Activities
Net Income (Loss)	12,485	17,749	21,411
Adjustments
Depreciation, depletion and amortization	20,132	17,282	17,326
Dry hole expense	325	429	436
Distributions more (less) than income from equity affiliates	2,282	(366)	(885)
Net before-tax gains on asset retirements and sales	(462)	(1,685)	(138)
Net foreign currency effects	585	(629)	578
Deferred income tax provision	986	1,240	298
Net decrease (increase) in operating working capital	(1,008)	1,211	(3,185)
Decrease (increase) in long-term receivables	(132)	114	150
Net decrease (increase) in other deferred charges	(508)	(1,225)	(300)
Cash contributions to employee pension plans	(588)	(844)	(1,120)
Other	(158)	(1,784)	1,038
Net Cash Provided by Operating Activities	33,939	31,492	35,609
Investing Activities
Acquisition of businesses, net of cash received	1,056	-	55
Acquisition of Hess Corporation common stock	(2,225)	-	-
Capital expenditures	(17,347)	(16,448)	(15,829)
Proceeds and deposits related to asset sales and returns of investment	1,826	7,704	669
Net maturities of (investments in) time deposits	1	(4)	-
Net sales (purchases) of marketable securities	-	45	175
Net repayment (borrowing) of loans by equity affiliates	778	(233)	(302)
Net Cash Used for Investing Activities	(15,911)	(8,936)	(15,232)
Financing Activities
Net borrowings (repayments) of short-term obligations	(1,061)	4,868	135
Proceeds from issuances of long-term debt	11,402	478	150
Repayments of long-term debt and other financing obligations	(4,475)	(1,778)	(4,340)
Cash dividends - common stock	(12,751)	(11,801)	(11,336)
Net contributions from (distributions to) noncontrolling interests	(323)	(195)	(40)
Net sales (purchases) of treasury shares	(11,855)	(15,044)	(14,678)
Net Cash Provided by (Used for) Financing Activities	(19,063)	(23,472)	(30,109)
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash	58	(97)	(114)
Net Change in Cash, Cash Equivalents and Restricted Cash	(977)	(1,013)	(9,846)
Cash, Cash Equivalents and Restricted Cash at January 1	8,262	9,275	19,121
Cash, Cash Equivalents and Restricted Cash at December 31	7,285	8,262	9,275
See accompanying Notes to the Consolidated Financial Statements.
Consolidated Statement of Equity	Financial Table of Contents
Millions of dollars, except per-share amounts