(Exact name of registrant as specified in its charter) |
(State or other jurisdiction of incorporation ) | (Commission File Number) | (I.R.S. Employer Identification No.) |
(Address of Principal Executive Offices) | (Zip Code) |
N/A | ||||||||
(Former name or former address, if changed since last report) |
Title of each class | Trading Symbol | Name of each exchange on which registered | |||||||||||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). | |||||
Emerging growth company | |||||
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. | ☐ |
Exhibit Number | Description | ||||||||||
104 | Cover Page Interactive Data File (contained in Exhibit 101) |
CHEVRON CORPORATION | ||||||||
By | /s/ David A. Inchausti | |||||||
David A. Inchausti | ||||||||
Vice President and Controller | ||||||||
(Principal Accounting Officer and | ||||||||
Duly Authorized Officer) |
![]() | ||||||||
news release |
EXHIBIT 99.1 | |||||
FOR RELEASE AT 3:00 AM PT | |||||
OCTOBER 29, 2021 |
Three Months Ended Sept. 30 | Nine Months Ended Sept. 30 | ||||||||||||||||||||||||||||||||||
Millions of dollars | 2021 | 2020 | 2021 | 2020 | |||||||||||||||||||||||||||||||
Earnings by business segment | |||||||||||||||||||||||||||||||||||
Upstream | $5,135 | $235 | $10,663 | $(2,934) | |||||||||||||||||||||||||||||||
Downstream | 1,310 | 292 | 2,154 | 385 | |||||||||||||||||||||||||||||||
All Other | (334) | (734) | (2,247) | (2,329) | |||||||||||||||||||||||||||||||
Total (1)(2) | $6,111 | $(207) | $10,570 | $(4,878) | |||||||||||||||||||||||||||||||
(1) Includes foreign currency effects | $305 | $(188) | $346 | $(111) | |||||||||||||||||||||||||||||||
(2) Net income attributable to Chevron Corporation (See Attachment 1) |
U.S. Upstream | ||||||||||||||||||||||||||||||||
Three Months Ended Sept. 30 | Nine Months Ended Sept. 30 | |||||||||||||||||||||||||||||||
Millions of dollars | 2021 | 2020 | 2021 | 2020 | ||||||||||||||||||||||||||||
Earnings | $1,962 | $116 | $4,349 | $(1,709) |
International Upstream | ||||||||||||||||||||||||||||||||
Three Months Ended Sept. 30 | Nine Months Ended Sept. 30 | |||||||||||||||||||||||||||||||
Millions of dollars | 2021 | 2020 | 2021 | 2020 | ||||||||||||||||||||||||||||
Earnings* | $3,173 | $119 | $6,314 | $(1,225) | ||||||||||||||||||||||||||||
*Includes foreign currency effects | $285 | $(107) | $311 | $99 |
U.S. Downstream | ||||||||||||||||||||||||||||||||
Three Months Ended Sept. 30 | Nine Months Ended Sept. 30 | |||||||||||||||||||||||||||||||
Millions of dollars | 2021 | 2020 | 2021 | 2020 | ||||||||||||||||||||||||||||
Earnings | $1,083 | $141 | $1,729 | $(397) |
International Downstream | ||||||||||||||||||||||||||||||||
Three Months Ended Sept. 30 | Nine Months Ended Sept. 30 | |||||||||||||||||||||||||||||||
Millions of dollars | 2021 | 2020 | 2021 | 2020 | ||||||||||||||||||||||||||||
Earnings* | $227 | $151 | $425 | $782 | ||||||||||||||||||||||||||||
*Includes foreign currency effects | $123 | $(49) | $183 | $(12) |
Three Months Ended Sept. 30 | Nine Months Ended Sept. 30 | |||||||||||||||||||||||||||||||
Millions of dollars | 2021 | 2020 | 2021 | 2020 | ||||||||||||||||||||||||||||
Net Charges* | $(334) | $(734) | $(2,247) | $(2,329) | ||||||||||||||||||||||||||||
*Includes foreign currency effects | $(103) | $(32) | $(148) | $(198) |
CHEVRON CORPORATION - FINANCIAL REVIEW | Attachment 1 | |||||||||||||
(Millions of Dollars, Except Per-Share Amounts) | ||||||||||||||
(unaudited) |
CONSOLIDATED STATEMENT OF INCOME | |||||||||||||||||||||||
Three Months Ended Sept. 30 | Nine Months Ended Sept. 30 | ||||||||||||||||||||||
REVENUES AND OTHER INCOME | 2021 | 2020 | 2021 | 2020 | |||||||||||||||||||
Sales and other operating revenues | $ | 42,552 | $ | 23,997 | $ | 109,745 | $ | 69,628 | |||||||||||||||
Income (loss) from equity affiliates | 1,647 | 510 | 4,000 | (1,040) | |||||||||||||||||||
Other income (loss) | 511 | (56) | 591 | 858 | |||||||||||||||||||
Total Revenues and Other Income | 44,710 | 24,451 | 114,336 | 69,446 | |||||||||||||||||||
COSTS AND OTHER DEDUCTIONS | |||||||||||||||||||||||
Purchased crude oil and products | 23,834 | 13,448 | 62,031 | 37,101 | |||||||||||||||||||
Operating expenses * | 6,110 | 5,658 | 18,564 | 18,928 | |||||||||||||||||||
Exploration expenses | 158 | 117 | 357 | 1,170 | |||||||||||||||||||
Depreciation, depletion and amortization | 4,304 | 4,017 | 13,112 | 15,022 | |||||||||||||||||||
Taxes other than on income | 2,075 | 1,091 | 5,061 | 3,223 | |||||||||||||||||||
Interest and debt expense | 174 | 164 | 557 | 498 | |||||||||||||||||||
Total Costs and Other Deductions | 36,655 | 24,495 | 99,682 | 75,942 | |||||||||||||||||||
Income (Loss) Before Income Tax Expense | 8,055 | (44) | 14,654 | (6,496) | |||||||||||||||||||
Income tax expense (benefit) | 1,940 | 165 | 4,047 | (1,591) | |||||||||||||||||||
Net Income (Loss) | 6,115 | (209) | 10,607 | (4,905) | |||||||||||||||||||
Less: Net income (loss) attributable to noncontrolling interests | 4 | (2) | 37 | (27) | |||||||||||||||||||
NET INCOME (LOSS) ATTRIBUTABLE TO CHEVRON CORPORATION | $ | 6,111 | $ | (207) | $ | 10,570 | $ | (4,878) | |||||||||||||||
* Includes operating expense, selling, general and administrative expense, and other components of net periodic benefit costs | |||||||||||||||||||||||
PER-SHARE OF COMMON STOCK | |||||||||||||||||||||||
Net Income (Loss) Attributable to Chevron Corporation | |||||||||||||||||||||||
- Basic | $ | 3.19 | $ | (0.12) | $ | 5.52 | $ | (2.63) | |||||||||||||||
- Diluted | $ | 3.19 | $ | (0.12) | $ | 5.51 | $ | (2.63) | |||||||||||||||
Weighted Average Number of Shares Outstanding (000's) | |||||||||||||||||||||||
- Basic | 1,918,006 | 1,853,533 | 1,916,174 | 1,856,363 | |||||||||||||||||||
- Diluted | 1,921,095 | 1,853,533 | 1,919,666 | 1,856,363 | |||||||||||||||||||
CHEVRON CORPORATION - FINANCIAL REVIEW | Attachment 2 | |||||||||||||
(Millions of Dollars) | ||||||||||||||
(unaudited) |
EARNINGS BY MAJOR OPERATING AREA | Three Months Ended Sept. 30 | Nine Months Ended Sept. 30 | |||||||||||||||||||||
2021 | 2020 | 2021 | 2020 | ||||||||||||||||||||
Upstream | |||||||||||||||||||||||
United States | $ | 1,962 | $ | 116 | $ | 4,349 | $ | (1,709) | |||||||||||||||
International | 3,173 | 119 | 6,314 | (1,225) | |||||||||||||||||||
Total Upstream | 5,135 | 235 | 10,663 | (2,934) | |||||||||||||||||||
Downstream | |||||||||||||||||||||||
United States | 1,083 | 141 | 1,729 | (397) | |||||||||||||||||||
International | 227 | 151 | 425 | 782 | |||||||||||||||||||
Total Downstream | 1,310 | 292 | 2,154 | 385 | |||||||||||||||||||
All Other (1) | (334) | (734) | (2,247) | (2,329) | |||||||||||||||||||
Total (2) | $ | 6,111 | $ | (207) | $ | 10,570 | $ | (4,878) |
SELECTED BALANCE SHEET ACCOUNT DATA (Preliminary) | Sep 30, 2021 | Dec 31, 2020 | |||||||||||||||||||||
Cash and Cash Equivalents | $ | 5,998 | $ | 5,596 | |||||||||||||||||||
Marketable Securities | $ | 34 | $ | 31 | |||||||||||||||||||
Total Assets | $ | 239,948 | $ | 239,790 | |||||||||||||||||||
Total Debt | $ | 37,347 | $ | 44,315 | |||||||||||||||||||
Total Chevron Corporation Stockholders' Equity | $ | 135,862 | $ | 131,688 |
Three Months Ended Sept. 30 | Nine Months Ended Sept. 30 | ||||||||||||||||||||||
CAPITAL AND EXPLORATORY EXPENDITURES(3) | 2021 | 2020 | 2021 | 2020 | |||||||||||||||||||
United States | |||||||||||||||||||||||
Upstream | $ | 1,135 | $ | 904 | $ | 3,258 | $ | 3,932 | |||||||||||||||
Downstream | 295 | 296 | 801 | 750 | |||||||||||||||||||
Other | 53 | 44 | 136 | 183 | |||||||||||||||||||
Total United States | 1,483 | 1,244 | 4,195 | 4,865 | |||||||||||||||||||
International | |||||||||||||||||||||||
Upstream | 1,179 | 1,119 | 3,475 | 4,499 | |||||||||||||||||||
Downstream | 105 | 228 | 377 | 949 | |||||||||||||||||||
Other | 3 | 1 | 13 | 9 | |||||||||||||||||||
Total International | 1,287 | 1,348 | 3,865 | 5,457 | |||||||||||||||||||
Worldwide | $ | 2,770 | $ | 2,592 | $ | 8,060 | $ | 10,322 | |||||||||||||||
(1) Includes worldwide cash management and debt financing activities, corporate administrative functions, insurance operations, real estate activities, and technology companies. | |||||||||||||||||||||||
(2) Net Income (Loss) Attributable to Chevron Corporation (See Attachment 1). | |||||||||||||||||||||||
(3) Includes interest in affiliates: | |||||||||||||||||||||||
United States | $ | 70 | $ | 76 | $ | 236 | $ | 251 | |||||||||||||||
International | 661 | 729 | 2,022 | 2,812 | |||||||||||||||||||
Total | $ | 731 | $ | 805 | $ | 2,258 | $ | 3,063 |
CHEVRON CORPORATION - FINANCIAL REVIEW | Attachment 3 | |||||||||||||
(Billions of Dollars) | ||||||||||||||
(unaudited) |
SUMMARIZED STATEMENT OF CASH FLOWS (Preliminary)(1) | Three Months Ended Sept. 30 | ||||||||||||||||
Nine Months Ended Sept. 30 | |||||||||||||||||
OPERATING ACTIVITIES | 2021 | 2021 | 2020 | ||||||||||||||
Net Income (Loss) | $ | 6.1 | $ | 10.6 | $ | (4.9) | |||||||||||
Adjustments | |||||||||||||||||
Depreciation, depletion and amortization | 4.3 | 13.1 | 15.0 | ||||||||||||||
Distributions more (less) than income from equity affiliates | (0.7) | (2.2) | 2.2 | ||||||||||||||
Loss (gain) on asset retirements and sales | (0.3) | (0.4) | (0.6) | ||||||||||||||
Net foreign currency effects | (0.2) | — | 0.2 | ||||||||||||||
Deferred income tax provision | 0.7 | 0.5 | (3.2) | ||||||||||||||
Net decrease (increase) in operating working capital | (0.4) | (1.5) | — | ||||||||||||||
Other operating activity | (0.8) | (0.4) | (0.4) | ||||||||||||||
Net Cash Provided by Operating Activities | $ | 8.6 | $ | 19.7 | $ | 8.3 | |||||||||||
INVESTING ACTIVITIES | |||||||||||||||||
Capital expenditures | (1.9) | (5.5) | (6.9) | ||||||||||||||
Proceeds and deposits related to asset sales and returns of investment | 0.2 | 0.6 | 2.0 | ||||||||||||||
Other investing activity(2) | 0.3 | 0.4 | (1.4) | ||||||||||||||
Net Cash Used for Investing Activities | $ | (1.3) | $ | (4.5) | $ | (6.3) | |||||||||||
FINANCING ACTIVITIES | |||||||||||||||||
Net change in debt | (5.6) | (6.9) | 7.7 | ||||||||||||||
Cash dividends — common stock | (2.6) | (7.6) | (7.2) | ||||||||||||||
Net sales (purchases) of treasury shares | (0.6) | (0.2) | (1.5) | ||||||||||||||
Distributions to noncontrolling interests | — | — | — | ||||||||||||||
Net Cash Provided by (Used for) Financing Activities | $ | (8.8) | $ | (14.8) | $ | (1.1) | |||||||||||
EFFECT OF EXCHANGE RATE CHANGES ON CASH, CASH EQUIVALENTS AND RESTRICTED CASH | (0.1) | (0.1) | (0.1) | ||||||||||||||
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH | $ | (1.7) | $ | 0.3 | $ | 0.9 | |||||||||||
(1) Totals may not match sum of parts due to presentation in billions. | |||||||||||||||||
(2) Primarily (borrowings) repayments of loans by equity affiliates. | |||||||||||||||||
RECONCILIATION OF NON-GAAP MEASURES | |||||||||||||||||
Net Cash Provided by Operating Activities | $ | 8.6 | $ | 19.7 | $ | 8.3 | |||||||||||
Less: Capital expenditures | 1.9 | 5.5 | 6.9 | ||||||||||||||
Free Cash Flow | $ | 6.7 | $ | 14.2 | $ | 1.4 | |||||||||||
Less: Net decrease (increase) in operating working capital | (0.4) | (1.5) | — | ||||||||||||||
Free Cash Flow Excluding Working Capital | $ | 7.1 | $ | 15.7 | $ | 1.4 |
CHEVRON CORPORATION - FINANCIAL REVIEW | Attachment 4 | |||||||||||||
(unaudited) |
OPERATING STATISTICS (1) | Three Months Ended Sept. 30 | Nine Months Ended Sept. 30 | |||||||||||||||||||||
NET LIQUIDS PRODUCTION (MB/D): (2) | 2021 | 2020 | 2021 | 2020 | |||||||||||||||||||
United States | 842 | 731 | 834 | 760 | |||||||||||||||||||
International | 915 | 976 | 976 | 1,072 | |||||||||||||||||||
Worldwide | 1,757 | 1,707 | 1,810 | 1,832 | |||||||||||||||||||
NET NATURAL GAS PRODUCTION (MMCF/D): (3) | |||||||||||||||||||||||
United States | 1,708 | 1,507 | 1,677 | 1,511 | |||||||||||||||||||
International | 5,952 | 5,257 | 6,023 | 5,609 | |||||||||||||||||||
Worldwide | 7,660 | 6,764 | 7,700 | 7,120 | |||||||||||||||||||
TOTAL NET OIL-EQUIVALENT PRODUCTION (MB/D): (4) | |||||||||||||||||||||||
United States | 1,127 | 982 | 1,113 | 1,012 | |||||||||||||||||||
International | 1,907 | 1,852 | 1,980 | 2,006 | |||||||||||||||||||
Worldwide | 3,034 | 2,834 | 3,093 | 3,018 | |||||||||||||||||||
SALES OF NATURAL GAS (MMCF/D): | |||||||||||||||||||||||
United States | 4,076 | 3,776 | 3,922 | 4,000 | |||||||||||||||||||
International | 5,450 | 5,513 | 5,212 | 5,722 | |||||||||||||||||||
Worldwide | 9,526 | 9,289 | 9,134 | 9,722 | |||||||||||||||||||
SALES OF NATURAL GAS LIQUIDS (MB/D): | |||||||||||||||||||||||
United States | 211 | 230 | 208 | 228 | |||||||||||||||||||
International | 213 | 133 | 186 | 126 | |||||||||||||||||||
Worldwide | 424 | 363 | 394 | 354 | |||||||||||||||||||
SALES OF REFINED PRODUCTS (MB/D): | |||||||||||||||||||||||
United States | 1,188 | 1,004 | 1,133 | 997 | |||||||||||||||||||
International (5) | 1,386 | 1,282 | 1,312 | 1,219 | |||||||||||||||||||
Worldwide | 2,574 | 2,286 | 2,445 | 2,216 | |||||||||||||||||||
REFINERY INPUT (MB/D): | |||||||||||||||||||||||
United States | 895 | 820 | 911 | 789 | |||||||||||||||||||
International | 584 | 570 | 567 | 598 | |||||||||||||||||||
Worldwide | 1,479 | 1,390 | 1,478 | 1,387 | |||||||||||||||||||
(1) Includes interest in affiliates. | |||||||||||||||||||||||
(2) Includes net production of synthetic oil: | |||||||||||||||||||||||
Canada | 51 | 35 | 55 | 52 | |||||||||||||||||||
(3) Includes natural gas consumed in operations (MMCF/D): | |||||||||||||||||||||||
United States | 47 | 35 | 46 | 34 | |||||||||||||||||||
International | 540 | 535 | 547 | 571 | |||||||||||||||||||
(4) Oil-equivalent production is the sum of net liquids production, net natural gas production and synthetic production. The oil-equivalent gas conversion ratio is 6,000 cubic feet of natural gas = 1 barrel of crude oil. | |||||||||||||||||||||||
(5) Includes share of affiliate sales (MB/D): | 355 | 350 | 346 | 352 | |||||||||||||||||||
CHEVRON CORPORATION - FINANCIAL REVIEW | Attachment 5 | |||||||||||||
(Millions of Dollars) | ||||||||||||||
(unaudited) |
RECONCILIATION OF NON-GAAP MEASURES | ||||||||||||||||||||||||||||||||||||||||||||||||||
Three Months Ended Sept. 30, 2021 | Three Months Ended Sept. 30, 2020 1 | Nine Months Ended Sept. 30, 2021 | Nine Months Ended Sept. 30, 2020 1 | |||||||||||||||||||||||||||||||||||||||||||||||
REPORTED EARNINGS | Pre- Tax | Income Tax | After-Tax | Pre-Tax | Income Tax | After-Tax | Pre- Tax | Income Tax | After-Tax | Pre-Tax | Income Tax | After-Tax | ||||||||||||||||||||||||||||||||||||||
U.S. Upstream | $ | 1,962 | $ | 116 | $ | 4,349 | $ | (1,709) | ||||||||||||||||||||||||||||||||||||||||||
Int'l Upstream | 3,173 | 119 | 6,314 | (1,225) | ||||||||||||||||||||||||||||||||||||||||||||||
U.S. Downstream | 1,083 | 141 | 1,729 | (397) | ||||||||||||||||||||||||||||||||||||||||||||||
Int'l Downstream | 227 | 151 | 425 | 782 | ||||||||||||||||||||||||||||||||||||||||||||||
All Other | (334) | (734) | (2,247) | (2,329) | ||||||||||||||||||||||||||||||||||||||||||||||
Net Income (Loss) Attributable to Chevron | $ | 6,111 | $ | (207) | $ | 10,570 | $ | (4,878) | ||||||||||||||||||||||||||||||||||||||||||
SPECIAL ITEMS | ||||||||||||||||||||||||||||||||||||||||||||||||||
U.S. Upstream | ||||||||||||||||||||||||||||||||||||||||||||||||||
Impairments & write-offs | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | (1,575) | $ | 385 | $ | (1,190) | ||||||||||||||||||||||||||
Severance accruals | — | — | — | — | — | — | — | — | — | (157) | 37 | $ | (120) | |||||||||||||||||||||||||||||||||||||
Remediation charge | — | — | — | — | — | — | (158) | 38 | (120) | — | — | — | ||||||||||||||||||||||||||||||||||||||
Asset sale gains | 260 | (60) | 200 | — | — | — | 260 | (60) | 200 | — | — | — | ||||||||||||||||||||||||||||||||||||||
Int'l Upstream | ||||||||||||||||||||||||||||||||||||||||||||||||||
Asset sale gains | — | — | — | — | — | — | — | — | — | 550 | — | 550 | ||||||||||||||||||||||||||||||||||||||
Impairments & write-offs | — | — | — | — | — | — | — | — | — | (4,106) | 516 | $ | (3,590) | |||||||||||||||||||||||||||||||||||||
Severance accruals | — | — | — | — | — | — | — | — | — | (374) | 84 | $ | (290) | |||||||||||||||||||||||||||||||||||||
Tax Items | — | — | — | — | (130) | (130) | — | — | — | — | 690 | $ | 690 | |||||||||||||||||||||||||||||||||||||
U.S. Downstream | ||||||||||||||||||||||||||||||||||||||||||||||||||
Legal reserves | — | — | — | — | — | — | (140) | 30 | (110) | — | — | — | ||||||||||||||||||||||||||||||||||||||
Severance accruals | — | — | — | — | — | — | — | — | — | (109) | 29 | (80) | ||||||||||||||||||||||||||||||||||||||
Int'l Downstream | ||||||||||||||||||||||||||||||||||||||||||||||||||
Severance accruals | — | — | — | — | — | — | — | — | — | (79) | 19 | (60) | ||||||||||||||||||||||||||||||||||||||
All Other | ||||||||||||||||||||||||||||||||||||||||||||||||||
Mining remediation | — | — | — | (118) | 28 | (90) | — | — | — | (118) | 28 | (90) | ||||||||||||||||||||||||||||||||||||||
Pension settlement costs | (107) | 26 | (81) | (184) | 45 | (139) | (575) | 138 | (437) | (304) | 73 | (231) | ||||||||||||||||||||||||||||||||||||||
Severance accruals | — | — | — | — | — | — | — | — | — | (295) | 65 | (230) | ||||||||||||||||||||||||||||||||||||||
Total Special Items | $ | 153 | $ | (34) | $ | 119 | $ | (302) | $ | (57) | $ | (359) | $ | (613) | $ | 146 | $ | (467) | $ | (6,567) | $ | 1,926 | $ | (4,641) | ||||||||||||||||||||||||||
FOREIGN CURRENCY EFFECTS | ||||||||||||||||||||||||||||||||||||||||||||||||||
Int'l Upstream | $ | 285 | $ | (107) | $ | 311 | $ | 99 | ||||||||||||||||||||||||||||||||||||||||||
Int'l Downstream | 123 | (49) | 183 | (12) | ||||||||||||||||||||||||||||||||||||||||||||||
All Other | (103) | (32) | (148) | (198) | ||||||||||||||||||||||||||||||||||||||||||||||
Total Foreign Currency Effects | $ | 305 | $ | (188) | $ | 346 | $ | (111) | ||||||||||||||||||||||||||||||||||||||||||
ADJUSTED EARNINGS/(LOSS) 2 | ||||||||||||||||||||||||||||||||||||||||||||||||||
U.S. Upstream | $ | 1,762 | $ | 116 | $ | 4,269 | $ | (399) | ||||||||||||||||||||||||||||||||||||||||||
Int'l Upstream | 2,888 | 356 | 6,003 | 1,316 | ||||||||||||||||||||||||||||||||||||||||||||||
U.S. Downstream | 1,083 | 141 | 1,839 | (317) | ||||||||||||||||||||||||||||||||||||||||||||||
Int'l Downstream | 104 | 200 | 242 | 854 | ||||||||||||||||||||||||||||||||||||||||||||||
All Other | (150) | (473) | (1,662) | (1,580) | ||||||||||||||||||||||||||||||||||||||||||||||
Total Adjusted Earnings/(Loss) | $ | 5,687 | $ | 340 | $ | 10,691 | $ | (126) | ||||||||||||||||||||||||||||||||||||||||||
Total Adjusted Earnings/(Loss) per share | $ | 2.96 | $ | 0.18 | $ | 5.57 | $ | (0.07) | ||||||||||||||||||||||||||||||||||||||||||
1 Amounts recast to conform with the current presentation of excluding pension settlement costs. For additional information, please refer to the discussion under “Non-GAAP Financial Measures” in this news release. | ||||||||||||||||||||||||||||||||||||||||||||||||||
2 Adjusted Earnings/(Loss) is defined as Net Income (loss) attributable to Chevron Corporation excluding special items and foreign currency effects. |
7*6(Q&(G/W<12]FXI6<=$KWOKMV.
Cover Page |
Oct. 29, 2021 |
---|---|
Cover [Abstract] | |
Document Type | 8-K |
Document Period End Date | Oct. 29, 2021 |
Entity Registrant Name | Chevron Corporation |
Entity Incorporation, State or Country Code | DE |
Entity File Number | 001-00368 |
Entity Tax Identification Number | 94-0890210 |
Entity Address, Address Line One | 6001 Bollinger Canyon Road, |
Entity Address, City or Town | San Ramon, |
Entity Address, State or Province | CA |
Entity Address, Postal Zip Code | 94583 |
City Area Code | 925 |
Local Phone Number | 842-1000 |
Written Communications | false |
Soliciting Material | false |
Pre-commencement Tender Offer | false |
Pre-commencement Issuer Tender Offer | false |
Title of 12(b) Security | Common stock, par value $.75 per share |
Trading Symbol | CVX |
Security Exchange Name | NYSE |
Entity Emerging Growth Company | false |
Entity Central Index Key | 0000093410 |
Amendment Flag | false |
RHY_U=3_ 10 M2P,$% @ 2S!=4Y>*NQS $P( L !?3T\$MP>:4#M M.*2VBZD8_1!2:5K5N %(MB6/: (7->=I3W;+T]!;X"O.DQQ0FE(2S,.\,W2?S+W\PPU1>5*(Y5;&GC3 MY?YVX$G1H2)8%II%R=.B':5_'B4?'D78FYJD6:>IK&HP=MX1PT$G53$WHI"/J:Q M8;!EK '$NW2:9;/46PQFN1BUMIS> A(H!"DHV1%[A$O\G7 D(GP&LK\,S4-AB.G8RF2&]B]#V,YU#B MG/]3(U45%K"FHO409.B1P74&0ZRQB28)UD-N5G0&3K;V"%TH?653#@%%G=W4 MQ7/4 6_*P>-HK(0* Y1OJA65UY**+2?=T>M,[Q\FCUI&Z]Q*N??P2K8< &PO7W)E;',O=V]R M:V)O;VLN>&UL+G)E;'.UD3T.@S ,A:\2Y0 U4*E#!4Q=6"LN$ 7S(Q(2Q:X* MMR^% 9 Z=&&RGBU_[\E.GV@4=VZ@MO,D1FL&RF3+[.\ I%NTBB[.XS!/:A>L MXEF&!KS2O6H0DBBZ0=@S9)[NF:*/Y#='7=:7PX_;(X\ \PO%WHJ45D*4H5 M&N1,PFBV-L%2XLM,EJ*H,AF**I9P6B#BR2!M:59]L$].M.=Y%S?W1:[-XPFN MWPQP>'3^ 5!+ P04 " !+,%U399!YDAD! #/ P $P %M#;VYT96YT M7U1Y<&5S72YX;6RMDTU.PS 0A:\295LE+BQ8H*8;8 M=< %C3QJK_I-G6M+; M,T[:2J 2%85-K'C>O,^>EZS>CQ&PZ)WUV)0=47P4 E4'3F(=(GBNM"$Y2?R: MMB)*M9-;$/?+Y8-0P1-XJBA[E.O5,[1R;ZEXZ7D;3?!-FI6.5Z*U M.EK >MKBRAE#VQH%.JB]XY8:8P*IL0,@9^O1=#%-)IXPC,^[V?S!9@K(RDT* M$3FQ!'_'G2/)W55D(TADIJ]X(;+U[/M!3EN#OI'-X_T,:3?D@6)8YL_X>\87 M_QO.\1'"[K\_L;S63AI_YHOA/UY_ 5!+ 0(4 Q0 ( $LP75,'04UB@0 M +$ 0 " 0 !D;V-0 &UL4$L! A0# M% @ 2S!=4T&UL4$L! A0#% @ 2S!=4YE &PO=V]R:W-H965T M &UL4$L! A0#% @ 2S!=4Y^@&_"Q @ X@P T M ( !;@P 'AL+W-T>6QE &PO=V]R M:V)O;VLN>&UL4$L! A0#% @ 2S!=4R0>FZ*M ^ $ !H M ( !EQ$ 'AL+U]R96QS+W=O 9(9 0 SP, !, ( !?!( %M#;VYT96YT A7U1Y<&5S72YX;6Q02P4& D "0 ^ @ QA, end
&'K32[J 9^R']LAT&J9C
M/[F7(?X1QI>7:VN*T?I"LJC02KX<7VZR2Y]":_.:(C=E1+ &U $&*/6;R!R"1BJJ7'M[/<6/1-IMP)
MA=@^2X#&>0'R*6)GX@8]8BP0^?2,HY3FR MH^")W.'U\_
1ES>S?@H7I0,7$*$Q*7BF'T]!N) *(//H7
M3@9)+8(3+ _NX/E40*O9\,B5B_+YC:1G59S7CFH#B/)E3M-LXIO4:V*1RV7,
MDBA^>V3/6,7&6KPQ6N;&SU'4;N-GZF9M_!A2+WGS%:;U3$7$QN]$G$SMS=LM
MG^;[-UYB3S=^HVXOM=PV5Q>!=>/W1!1NO)R&W(E8V;Q"D_R;/Y([K;F3 <,$
MN1L+BGV@S0MS/YAOWC\U-V+*(W,CCCRB?N'&XB99O]+
SA?STU:&;^L5W#5 ,I9*&-,"9"!.^P*12%WFZA1U-
M9H:)38X>8!#PAQ>U"7@VA#!K%L=0&"ULRV^- <-@19M)RZV=^'P#_HYL"/L'
M+4'AFT44[=V;P-PA,,=@!5W@6W36 '7'._7ZI&7RW=$439%5#6')E$!:# M9
MGH.1)EF:)IN&SESV,J7E>OR$<#: RZ(B8X)D94%:;AQ6<24K&'!J7O--7.X2
MEV\)X[:%'S*7'YS#[7[2]+Q7Z$+7I]\]S7)5 UO(\"2,L*'R8R UBB1%L72F
M4:HQ_66*#8PC=7"=/E=TRV=
M\F0)53(-OE_&08ZK\5,;'UYQOTYDM)8IJ5AYS'L0;?92UEW\%WVEN]4RM"['DB3($H=.U$F"3(T*JR
M+'Z!HRD5QFHNOT@P0@7R-KL4.@A:&R+#$!E>TH.L;T_] DZ.SZ.JJ@&/GB$]
MY/*H=&(>K5'^)DK;]/^);N\?O@T@:5/U;T+2AG/?)9L-=8-?%<>%%N,:I]E
MU=^8] 5PW?.L,AS
. W_U9"2Y0PR4_ 2NI*. "_4FL@"]%=2@:H)A?=]+B<(=85@
M52VD1OQ-9E\)/XYCM^U2<]"N<"M!B;;=<+02%H^[(_8#'/K35F6.^U=NQX88
M5YIP"J?X-E]XX/V+&/;7>EH, ^_T&*PQ!71:B(V; ;,W][9[=0S>'7!W&/LD
MG MM^9VDE]4UX[G8"8RH"SP9HK^%?)B45^W_1HO85T(DE:)\IY_<6HH:I&:@
M7HZ.-;"6D"\<,T!X:-J?)4FG)I !\Z_W_'N7ESIUT_6VZ5$AM4UDQ!PR"' @E0_WT$%B*(XUB G3"#C