Investments and Advances (Tables)

12 Months Ended

Dec. 31, 2019

Investments in and Advances to Affiliates, Schedule of Investments [Abstract]

Equity in earnings, together with investments in and advances to companies accounted for using the equity method and other investments accounted for at or below cost

Equity in earnings, together with investments in and advances to companies accounted for using the equity method and other investments accounted for at or below cost, is shown in the following table. For certain equity affiliates, Chevron pays its share of some income taxes directly. For such affiliates, the equity in earnings does not include these taxes, which are reported on the Consolidated Statement of Income as “Income tax expense.”

Investments and Advances							Equity in Earnings
	At December 31						Year ended December 31
	2019			2018			2019			2018			2017
Upstream
Tengizchevroil	$	20,214		$	16,017		$	3,067		$	3,614		$	2,581
Petropiar	1,396			1,361			80			317			175
Petroboscan	1,139			1,315			(11		)	357			154
Caspian Pipeline Consortium	883			1,022			155			170			155
Angola LNG Limited	2,423			2,496			(26		)	172			27
Other	881			1,541			(478		)	19			104
Total Upstream	26,936			23,752			2,787			4,649			3,196
Downstream
Chevron Phillips Chemical Company LLC	6,241			6,218			880			1,034			723
GS Caltex Corporation	3,796			3,924			13			373			290
Other	1,443			1,383			288			273			230
Total Downstream	11,480			11,525			1,181			1,680			1,243
All Other
Other	(14		)	(16		)	—			(2		)	(1		)
Total equity method	$	38,402		$	35,261		$	3,968		$	6,327		$	4,438
Other non-equity method investments	286			285
Total investments and advances	$	38,688		$	35,546
Total United States	$	7,203		$	7,500		$	641		$	1,033		$	788
Total International	$	31,485		$	28,046		$	3,327		$	5,294		$	3,650

Summarized financial information on a 100 percent basis for all equity affiliates as well as Chevron's total share, which includes Chevron loans to affiliates

The following table provides summarized financial information on a 100 percent basis for all equity affiliates as well as Chevron’s total share, which includes Chevron’s net loans to affiliates of $4,331, $3,402 and $3,853 at December 31, 2019, 2018 and 2017, respectively.

	Affiliates						Chevron Share
Year ended December 31	2019		2018		2017		2019		2018		2017
Total revenues	$	66,473	$	84,469	$	70,744	$	32,628	$	40,679	$	33,460
Income before income tax expense	13,197		16,693		13,487		5,954		6,755		5,712
Net income attributable to affiliates	9,809		13,321		10,751		4,366		6,384		4,468
At December 31
Current assets	$	30,791	$	32,657	$	33,883	$	12,998	$	12,813	$	13,568
Noncurrent assets	97,177		87,614		82,261		41,531		36,369		32,643
Current liabilities	26,032		26,006		26,873		10,610		9,843		10,201
Noncurrent liabilities	21,593		20,000		21,447		5,068		4,446		4,224
Total affiliates’ net equity	$	80,343	$	74,265	$	67,824	$	38,851	$	34,893	$	31,786