CVX

CHEVRON CORPeval run

10-K for period ending 2025-12-31gpt-6-luna@none · prompt v4$0.00072.7s9/9 correct vs SECfiling on sec.gov ↗

figures

field	value	statement row	printed	SEC
Total revenue	$184.4B	R3 Sales and other operating revenues	184,432 millions	$184.4B ✓
Operating income	-	not printed on this statement	-	-
Net income attributable to the company	$12.3B	R21 Net Income (Loss) Attributable to Chevron Corporation	12,299 millions	$12.3B ✓
Diluted EPS	$6.63	R25 - Diluted	6.63	$6.63 ✓
Cash and cash equivalents	$6.3B	R3 Cash and cash equivalents	6,293 millions	$7.3B
Total assets	$324.0B	R22 Total Assets	324,012 millions	$324.0B ✓
Total liabilities	$131.8B	R34 Total Liabilities2	131,836 millions	$131.8B ✓
Total shareholders' equity attributable to the company	$186.4B	R42 Total Chevron Corporation Stockholders’ Equity	186,450 millions	$186.4B ✓
Net cash from operating activities	$33.9B	R16 Net Cash Provided by Operating Activities	33,939 millions	$33.9B ✓
Net cash from investing activities	-$15.9B	R25 Net Cash Used for Investing Activities	(15,911) millions	-$15.9B ✓
Net cash from financing activities	-$19.1B	R33 Net Cash Provided by (Used for) Financing Activities	(19,063) millions	-$19.1B ✓

checks

assets = liabilities + equity · total assets equals total liabilities and equity
equity excludes minority interests · totalEquity excludes noncontrolling interests
net income is before preferred dividends · net income is not the after-preferred-dividends line
diluted EPS is for total net income · diluted EPS is for total net income
net income excludes minority interests · netIncome excludes noncontrolling interests
cash flows tie to the change in cash · operating + investing + financing (+ FX) equals the net change in cash

trace

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Income statement

table #149 · current period is figure column 1

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

Balance sheet

table #153 · current period is figure column 1

0	At December 31
1	2025	2024
2	Assets
3	Cash and cash equivalents← Cash and cash equivalents	6,293	6,781
4	Time deposits	4	4
5	Marketable securities	-	-
6	Accounts and notes receivable (less allowance: 2025 - $176; 2024 - $259)	18,075	20,684
7	Inventories:
8	Crude oil and products	6,640	6,490
9	Chemicals	571	502
10	Materials, supplies and other	2,500	2,082
11	Total inventories	9,711	9,074
12	Prepaid expenses and other current assets	4,469	4,368
13	Total Current Assets	38,552	40,911
14	Long-term receivables, net (less allowances: 2025 - $216; 2024 - $352)	1,035	877
15	Investments and advances	43,867	47,438
16	Properties, plant and equipment, at cost	434,955	345,933
17	Less: Accumulated depreciation, depletion and amortization	215,226	198,134
18	Properties, plant and equipment, net	219,729	147,799
19	Deferred charges and other assets	16,236	14,854
20	Goodwill	4,568	4,578
21	Assets held for sale	25	481
22	Total Assets← Total assets	324,012	256,938
23	Liabilities and Equity
24	Short-term debt	977	4,406
25	Accounts payable	19,280	22,079
26	Accrued liabilities	10,763	8,486
27	Federal and other taxes on income	844	1,872
28	Other taxes payable	1,523	1,715
29	Total Current Liabilities	33,387	38,558
30	Long-term debt1	39,781	20,135
31	Deferred credits and other noncurrent obligations	24,543	22,094
32	Noncurrent deferred income taxes	30,014	19,137
33	Noncurrent employee benefit plans	4,111	3,857
34	Total Liabilities2← Total liabilities	131,836	103,781
35	Preferred stock (authorized 100,000,000 shares; $1.00 par value; none issued)	-	-
36	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
37	Capital in excess of par value	33,886	21,671
38	Retained earnings	205,365	205,852
39	Accumulated other comprehensive losses	(2,464)	(2,760)
40	Deferred compensation and benefit plan trust	(240)	(240)
41	Treasury stock, at cost (2025 - 448,260,458 shares; 2024 - 673,664,306 shares)	(51,929)	(74,037)
42	Total Chevron Corporation Stockholders’ Equity← Total shareholders' equity attributable to the company	186,450	152,318
43	Noncontrolling interests	5,726	839
44	Total Equity	192,176	153,157
45	Total Liabilities and Equity	324,012	256,938
46	1 Includes finance lease liabilities of $659 and $546 at December 31, 2025 and 2024, respectively.
47	2 Refer to Note 24 Other Contingencies and Commitments.
48	See accompanying Notes to the Consolidated Financial Statements.
49	Consolidated Statement of Cash Flows	Financial Table of Contents
50	Millions of dollars

Cash flow statement

table #155 · current period is figure column 1

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