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CONSOLIDATED STATEMENT OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues and Other Income        
Sales and other operating revenues $ 63,508 $ 42,552 $ 181,194 $ 109,745
Income (loss) from equity affiliates 2,410 1,647 6,962 4,000
Other income (loss) 726 511 1,623 591
Total Revenues and Other Income 66,644 44,710 189,779 114,336
Costs and Other Deductions        
Purchased crude oil and products 38,090 23,834 110,742 62,031
Operating expenses 6,357 5,353 18,313 15,219
Selling, general and administrative expenses 1,028 657 2,858 2,743
Exploration expenses 116 158 521 357
Depreciation, depletion and amortization 4,201 4,304 11,555 13,112
Taxes other than on income 1,707 2,075 5,272 5,061
Interest and debt expense 128 174 393 557
Other components of net periodic benefit costs 208 100 259 602
Total Costs and Other Deductions 51,835 36,655 149,913 99,682
Income (Loss) Before Income Tax Expense 14,809 8,055 39,866 14,654
Income Tax Expense (Benefit) 3,571 1,940 10,636 4,047
Net Income (Loss) 11,238 6,115 29,230 10,607
Less: Net income (loss) attributable to noncontrolling interests 7 4 118 37
Net Income (Loss) Attributable to Chevron Corporation $ 11,231 $ 6,111 $ 29,112 $ 10,570
Net Income (Loss) Attributable to Chevron Corporation        
Basic (in dollars per share) $ 5.81 $ 3.19 $ 15.02 $ 5.52
Diluted (in dollars per share) $ 5.78 $ 3.19 $ 14.95 $ 5.51
Weighted Average Number of Shares Outstanding        
Basic (in shares) 1,932,238 1,918,006 1,938,524 1,916,174
Diluted (in shares) 1,940,002 1,921,095 1,947,201 1,919,666