0000093410false2022FYhttp://fasb.org/us-gaap/2022#PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortizationhttp://fasb.org/us-gaap/2022#PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortizationhttp://fasb.org/us-gaap/2022#AccruedLiabilitiesCurrenthttp://fasb.org/us-gaap/2022#AccruedLiabilitiesCurrenthttp://fasb.org/us-gaap/2022#ShortTermBorrowingshttp://fasb.org/us-gaap/2022#ShortTermBorrowingshttp://fasb.org/us-gaap/2022#DeferredIncomeTaxLiabilitiesNethttp://fasb.org/us-gaap/2022#DeferredIncomeTaxLiabilitiesNethttp://fasb.org/us-gaap/2022#LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturitieshttp://fasb.org/us-gaap/2022#LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturitieshttp://fasb.org/us-gaap/2022#AccruedLiabilitiesCurrent http://www.chevron.com/20221231#ContractWithCustomerLiabilityAndOtherNoncurrentLiabilityhttp://fasb.org/us-gaap/2022#OperatingCostsAndExpenses http://fasb.org/us-gaap/2022#SellingGeneralAndAdministrativeExpense00000934102022-01-012022-12-3100000934102022-06-30iso4217:USD00000934102023-02-10xbrli:shares00000934102021-01-012021-12-3100000934102020-01-012020-12-31iso4217:USDxbrli:shares00000934102022-12-3100000934102021-12-3100000934102020-12-3100000934102019-12-310000093410us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember2019-12-310000093410us-gaap:RetainedEarningsMember2019-12-310000093410us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-12-310000093410us-gaap:TreasuryStockCommonMember2019-12-310000093410us-gaap:ParentMember2019-12-310000093410us-gaap:NoncontrollingInterestMember2019-12-310000093410us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember2020-01-012020-12-310000093410us-gaap:ParentMember2020-01-012020-12-310000093410us-gaap:TreasuryStockCommonMember2020-01-012020-12-310000093410us-gaap:NoncontrollingInterestMember2020-01-012020-12-310000093410us-gaap:RetainedEarningsMember2020-01-012020-12-310000093410us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-01-012020-12-310000093410us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember2020-12-310000093410us-gaap:RetainedEarningsMember2020-12-310000093410us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-12-310000093410us-gaap:TreasuryStockCommonMember2020-12-310000093410us-gaap:ParentMember2020-12-310000093410us-gaap:NoncontrollingInterestMember2020-12-310000093410us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember2021-01-012021-12-310000093410us-gaap:ParentMember2021-01-012021-12-310000093410us-gaap:RetainedEarningsMember2021-01-012021-12-310000093410us-gaap:TreasuryStockCommonMember2021-01-012021-12-310000093410us-gaap:NoncontrollingInterestMember2021-01-012021-12-310000093410us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-01-012021-12-310000093410us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember2021-12-310000093410us-gaap:RetainedEarningsMember2021-12-310000093410us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-12-310000093410us-gaap:TreasuryStockCommonMember2021-12-310000093410us-gaap:ParentMember2021-12-310000093410us-gaap:NoncontrollingInterestMember2021-12-310000093410us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember2022-01-012022-12-310000093410us-gaap:ParentMember2022-01-012022-12-310000093410us-gaap:RetainedEarningsMember2022-01-012022-12-310000093410us-gaap:NoncontrollingInterestMember2022-01-012022-12-310000093410us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-01-012022-12-310000093410us-gaap:TreasuryStockCommonMember2022-01-012022-12-310000093410us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember2022-12-310000093410us-gaap:RetainedEarningsMember2022-12-310000093410us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-12-310000093410us-gaap:TreasuryStockCommonMember2022-12-310000093410us-gaap:ParentMember2022-12-310000093410us-gaap:NoncontrollingInterestMember2022-12-31xbrli:pure0000093410us-gaap:PerformanceSharesMembercvx:ChevronLongTermIncentivePlanLTIPMember2022-01-012022-12-310000093410us-gaap:RestrictedStockUnitsRSUMember2022-01-012022-12-310000093410us-gaap:AccumulatedTranslationAdjustmentMember2019-12-310000093410us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2019-12-310000093410us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2019-12-310000093410us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2019-12-310000093410us-gaap:AccumulatedTranslationAdjustmentMember2020-01-012020-12-310000093410us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2020-01-012020-12-310000093410us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2020-01-012020-12-310000093410us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2020-01-012020-12-310000093410us-gaap:AccumulatedTranslationAdjustmentMember2020-12-310000093410us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2020-12-310000093410us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2020-12-310000093410us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2020-12-310000093410us-gaap:AccumulatedTranslationAdjustmentMember2021-01-012021-12-310000093410us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2021-01-012021-12-310000093410us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2021-01-012021-12-310000093410us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2021-01-012021-12-310000093410us-gaap:AccumulatedTranslationAdjustmentMember2021-12-310000093410us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2021-12-310000093410us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2021-12-310000093410us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2021-12-310000093410us-gaap:AccumulatedTranslationAdjustmentMember2022-01-012022-12-310000093410us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2022-01-012022-12-310000093410us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2022-01-012022-12-310000093410us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2022-01-012022-12-310000093410us-gaap:AccumulatedTranslationAdjustmentMember2022-12-310000093410us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2022-12-310000093410us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2022-12-310000093410us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2022-12-310000093410us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberus-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2022-01-012022-12-310000093410us-gaap:OperatingSegmentsMembercvx:UpstreamSegmentMember2022-12-310000093410cvx:ChevronUsaIncMember2022-01-012022-12-310000093410cvx:ChevronUsaIncMember2021-01-012021-12-310000093410cvx:ChevronUsaIncMember2020-01-012020-12-310000093410cvx:ChevronUsaIncMember2022-12-310000093410cvx:ChevronUsaIncMember2021-12-310000093410cvx:TengizchevroilLlpMember2022-12-310000093410cvx:TengizchevroilLlpMember2022-12-310000093410cvx:TengizchevroilLlpMember2022-01-012022-12-310000093410cvx:TengizchevroilLlpMember2021-01-012021-12-310000093410cvx:TengizchevroilLlpMember2020-01-012020-12-310000093410cvx:TengizchevroilLlpMember2022-12-310000093410cvx:TengizchevroilLlpMember2021-12-310000093410cvx:ChevronPhillipsChemicalCompanyLlcMember2022-12-310000093410cvx:ChevronPhillipsChemicalCompanyLlcMember2022-12-310000093410us-gaap:OilAndGasMembercvx:ChevronPhillipsChemicalCompanyLlcMember2022-01-012022-12-310000093410us-gaap:OilAndGasMembercvx:ChevronPhillipsChemicalCompanyLlcMember2021-01-012021-12-310000093410us-gaap:OilAndGasMembercvx:ChevronPhillipsChemicalCompanyLlcMember2020-01-012020-12-310000093410cvx:ChevronPhillipsChemicalCompanyLlcMember2022-01-012022-12-310000093410cvx:ChevronPhillipsChemicalCompanyLlcMember2021-01-012021-12-310000093410cvx:ChevronPhillipsChemicalCompanyLlcMember2020-01-012020-12-310000093410cvx:ChevronPhillipsChemicalCompanyLlcMember2021-12-310000093410us-gaap:FairValueMeasurementsRecurringMember2022-12-310000093410us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2022-12-310000093410us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2022-12-310000093410us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2022-12-310000093410us-gaap:FairValueMeasurementsRecurringMember2021-12-310000093410us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2021-12-310000093410us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2021-12-310000093410us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2021-12-310000093410us-gaap:FairValueMeasurementsRecurringMemberus-gaap:NondesignatedMember2022-12-310000093410us-gaap:FairValueMeasurementsRecurringMemberus-gaap:NondesignatedMemberus-gaap:FairValueInputsLevel1Member2022-12-310000093410us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:NondesignatedMember2022-12-310000093410us-gaap:FairValueMeasurementsRecurringMemberus-gaap:NondesignatedMemberus-gaap:FairValueInputsLevel3Member2022-12-310000093410us-gaap:FairValueMeasurementsRecurringMemberus-gaap:NondesignatedMember2021-12-310000093410us-gaap:FairValueMeasurementsRecurringMemberus-gaap:NondesignatedMemberus-gaap:FairValueInputsLevel1Member2021-12-310000093410us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:NondesignatedMember2021-12-310000093410us-gaap:FairValueMeasurementsRecurringMemberus-gaap:NondesignatedMemberus-gaap:FairValueInputsLevel3Member2021-12-310000093410us-gaap:FairValueMeasurementsRecurringMemberus-gaap:DesignatedAsHedgingInstrumentMember2022-12-310000093410us-gaap:FairValueMeasurementsRecurringMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:FairValueInputsLevel1Member2022-12-310000093410us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:DesignatedAsHedgingInstrumentMember2022-12-310000093410us-gaap:FairValueMeasurementsRecurringMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:FairValueInputsLevel3Member2022-12-310000093410us-gaap:FairValueMeasurementsRecurringMemberus-gaap:DesignatedAsHedgingInstrumentMember2021-12-310000093410us-gaap:FairValueMeasurementsRecurringMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:FairValueInputsLevel1Member2021-12-310000093410us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:DesignatedAsHedgingInstrumentMember2021-12-310000093410us-gaap:FairValueMeasurementsRecurringMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:FairValueInputsLevel3Member2021-12-310000093410us-gaap:FairValueMeasurementsNonrecurringMember2022-12-310000093410us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel1Member2022-12-310000093410us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsNonrecurringMember2022-12-310000093410us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMember2022-12-310000093410us-gaap:FairValueMeasurementsNonrecurringMember2022-01-012022-12-310000093410us-gaap:FairValueMeasurementsNonrecurringMember2021-12-310000093410us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel1Member2021-12-310000093410us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsNonrecurringMember2021-12-310000093410us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMember2021-12-310000093410us-gaap:FairValueMeasurementsNonrecurringMember2021-01-012021-12-310000093410srt:MaximumMember2022-01-012022-12-310000093410us-gaap:CarryingReportedAmountFairValueDisclosureMember2022-12-310000093410us-gaap:CarryingReportedAmountFairValueDisclosureMember2021-12-310000093410us-gaap:EstimateOfFairValueFairValueDisclosureMember2022-12-310000093410us-gaap:EstimateOfFairValueFairValueDisclosureMember2021-12-310000093410us-gaap:FairValueInputsLevel1Memberus-gaap:CorporateBondSecuritiesMember2022-12-310000093410us-gaap:OtherLongTermInvestmentsMemberus-gaap:FairValueInputsLevel2Member2022-12-310000093410us-gaap:CommodityContractMembercvx:AccountsAndNotesReceivableNetMember2022-12-310000093410us-gaap:CommodityContractMembercvx:AccountsAndNotesReceivableNetMember2021-12-310000093410cvx:LongTermReceivablesNetMemberus-gaap:CommodityContractMember2022-12-310000093410cvx:LongTermReceivablesNetMemberus-gaap:CommodityContractMember2021-12-310000093410us-gaap:AccountsPayableMemberus-gaap:CommodityContractMember2022-12-310000093410us-gaap:AccountsPayableMemberus-gaap:CommodityContractMember2021-12-310000093410cvx:DeferredCreditsAndOtherNoncurrentObligationsMemberus-gaap:CommodityContractMember2022-12-310000093410cvx:DeferredCreditsAndOtherNoncurrentObligationsMemberus-gaap:CommodityContractMember2021-12-310000093410us-gaap:CommodityContractMemberus-gaap:SalesMember2022-01-012022-12-310000093410us-gaap:CommodityContractMemberus-gaap:SalesMember2021-01-012021-12-310000093410us-gaap:CommodityContractMemberus-gaap:SalesMember2020-01-012020-12-310000093410cvx:PurchasedCrudeOilAndProductsMemberus-gaap:CommodityContractMember2022-01-012022-12-310000093410cvx:PurchasedCrudeOilAndProductsMemberus-gaap:CommodityContractMember2021-01-012021-12-310000093410cvx:PurchasedCrudeOilAndProductsMemberus-gaap:CommodityContractMember2020-01-012020-12-310000093410us-gaap:OtherIncomeMemberus-gaap:CommodityContractMember2022-01-012022-12-310000093410us-gaap:OtherIncomeMemberus-gaap:CommodityContractMember2021-01-012021-12-310000093410us-gaap:OtherIncomeMemberus-gaap:CommodityContractMember2020-01-012020-12-310000093410us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CommodityContractMember2022-01-012022-12-310000093410us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CommodityContractMember2021-01-012021-12-310000093410us-gaap:CommodityContractMember2022-01-012022-12-310000093410us-gaap:NondesignatedMember2022-12-310000093410us-gaap:DesignatedAsHedgingInstrumentMember2022-12-310000093410us-gaap:NondesignatedMember2021-12-310000093410us-gaap:DisposalGroupHeldForSaleOrDisposedOfBySaleNotDiscontinuedOperationsMember2022-12-310000093410cvx:ChevronLongTermIncentivePlanLTIPMember2022-12-310000093410cvx:ChevronLongTermIncentivePlanLTIPMembercvx:FromMay2022ThroughMay2032Membersrt:MaximumMember2022-12-31cvx:segment0000093410country:USus-gaap:OperatingSegmentsMembercvx:UpstreamSegmentMember2022-01-012022-12-310000093410country:USus-gaap:OperatingSegmentsMembercvx:UpstreamSegmentMember2021-01-012021-12-310000093410country:USus-gaap:OperatingSegmentsMembercvx:UpstreamSegmentMember2020-01-012020-12-310000093410us-gaap:NonUsMemberus-gaap:OperatingSegmentsMembercvx:UpstreamSegmentMember2022-01-012022-12-310000093410us-gaap:NonUsMemberus-gaap:OperatingSegmentsMembercvx:UpstreamSegmentMember2021-01-012021-12-310000093410us-gaap:NonUsMemberus-gaap:OperatingSegmentsMembercvx:UpstreamSegmentMember2020-01-012020-12-310000093410us-gaap:OperatingSegmentsMembercvx:UpstreamSegmentMember2022-01-012022-12-310000093410us-gaap:OperatingSegmentsMembercvx:UpstreamSegmentMember2021-01-012021-12-310000093410us-gaap:OperatingSegmentsMembercvx:UpstreamSegmentMember2020-01-012020-12-310000093410country:USus-gaap:OperatingSegmentsMembercvx:DownstreamSegmentMember2022-01-012022-12-310000093410country:USus-gaap:OperatingSegmentsMembercvx:DownstreamSegmentMember2021-01-012021-12-310000093410country:USus-gaap:OperatingSegmentsMembercvx:DownstreamSegmentMember2020-01-012020-12-310000093410us-gaap:NonUsMemberus-gaap:OperatingSegmentsMembercvx:DownstreamSegmentMember2022-01-012022-12-310000093410us-gaap:NonUsMemberus-gaap:OperatingSegmentsMembercvx:DownstreamSegmentMember2021-01-012021-12-310000093410us-gaap:NonUsMemberus-gaap:OperatingSegmentsMembercvx:DownstreamSegmentMember2020-01-012020-12-310000093410us-gaap:OperatingSegmentsMembercvx:DownstreamSegmentMember2022-01-012022-12-310000093410us-gaap:OperatingSegmentsMembercvx:DownstreamSegmentMember2021-01-012021-12-310000093410us-gaap:OperatingSegmentsMembercvx:DownstreamSegmentMember2020-01-012020-12-310000093410us-gaap:OperatingSegmentsMember2022-01-012022-12-310000093410us-gaap:OperatingSegmentsMember2021-01-012021-12-310000093410us-gaap:OperatingSegmentsMember2020-01-012020-12-310000093410us-gaap:MaterialReconcilingItemsMember2022-01-012022-12-310000093410us-gaap:MaterialReconcilingItemsMember2021-01-012021-12-310000093410us-gaap:MaterialReconcilingItemsMember2020-01-012020-12-310000093410country:USus-gaap:OperatingSegmentsMembercvx:UpstreamSegmentMember2022-12-310000093410country:USus-gaap:OperatingSegmentsMembercvx:UpstreamSegmentMember2021-12-310000093410us-gaap:NonUsMemberus-gaap:OperatingSegmentsMembercvx:UpstreamSegmentMember2022-12-310000093410us-gaap:NonUsMemberus-gaap:OperatingSegmentsMembercvx:UpstreamSegmentMember2021-12-310000093410us-gaap:OperatingSegmentsMembercvx:UpstreamSegmentMember2021-12-310000093410country:USus-gaap:OperatingSegmentsMembercvx:DownstreamSegmentMember2022-12-310000093410country:USus-gaap:OperatingSegmentsMembercvx:DownstreamSegmentMember2021-12-310000093410us-gaap:NonUsMemberus-gaap:OperatingSegmentsMembercvx:DownstreamSegmentMember2022-12-310000093410us-gaap:NonUsMemberus-gaap:OperatingSegmentsMembercvx:DownstreamSegmentMember2021-12-310000093410us-gaap:OperatingSegmentsMembercvx:DownstreamSegmentMember2022-12-310000093410us-gaap:OperatingSegmentsMembercvx:DownstreamSegmentMember2021-12-310000093410us-gaap:OperatingSegmentsMember2022-12-310000093410us-gaap:OperatingSegmentsMember2021-12-310000093410us-gaap:MaterialReconcilingItemsMembercountry:US2022-12-310000093410us-gaap:MaterialReconcilingItemsMembercountry:US2021-12-310000093410us-gaap:MaterialReconcilingItemsMemberus-gaap:NonUsMember2022-12-310000093410us-gaap:MaterialReconcilingItemsMemberus-gaap:NonUsMember2021-12-310000093410us-gaap:MaterialReconcilingItemsMember2022-12-310000093410us-gaap:MaterialReconcilingItemsMember2021-12-310000093410country:US2022-12-310000093410country:US2021-12-310000093410us-gaap:NonUsMember2022-12-310000093410us-gaap:NonUsMember2021-12-310000093410us-gaap:OilAndGasMembercountry:USus-gaap:OperatingSegmentsMembercvx:UpstreamSegmentMember2022-01-012022-12-310000093410us-gaap:OilAndGasMembercountry:USus-gaap:OperatingSegmentsMembercvx:UpstreamSegmentMember2021-01-012021-12-310000093410us-gaap:OilAndGasMembercountry:USus-gaap:OperatingSegmentsMembercvx:UpstreamSegmentMember2020-01-012020-12-310000093410us-gaap:OilAndGasMemberus-gaap:NonUsMemberus-gaap:OperatingSegmentsMembercvx:UpstreamSegmentMember2022-01-012022-12-310000093410us-gaap:OilAndGasMemberus-gaap:NonUsMemberus-gaap:OperatingSegmentsMembercvx:UpstreamSegmentMember2021-01-012021-12-310000093410us-gaap:OilAndGasMemberus-gaap:NonUsMemberus-gaap:OperatingSegmentsMembercvx:UpstreamSegmentMember2020-01-012020-12-310000093410us-gaap:OilAndGasMemberus-gaap:OperatingSegmentsMembercvx:UpstreamSegmentMember2022-01-012022-12-310000093410us-gaap:OilAndGasMemberus-gaap:OperatingSegmentsMembercvx:UpstreamSegmentMember2021-01-012021-12-310000093410us-gaap:OilAndGasMemberus-gaap:OperatingSegmentsMembercvx:UpstreamSegmentMember2020-01-012020-12-310000093410us-gaap:OilAndGasMembercountry:USus-gaap:IntersegmentEliminationMembercvx:UpstreamSegmentMember2022-01-012022-12-310000093410us-gaap:OilAndGasMembercountry:USus-gaap:IntersegmentEliminationMembercvx:UpstreamSegmentMember2021-01-012021-12-310000093410us-gaap:OilAndGasMembercountry:USus-gaap:IntersegmentEliminationMembercvx:UpstreamSegmentMember2020-01-012020-12-310000093410us-gaap:OilAndGasMemberus-gaap:NonUsMemberus-gaap:IntersegmentEliminationMembercvx:UpstreamSegmentMember2022-01-012022-12-310000093410us-gaap:OilAndGasMemberus-gaap:NonUsMemberus-gaap:IntersegmentEliminationMembercvx:UpstreamSegmentMember2021-01-012021-12-310000093410us-gaap:OilAndGasMemberus-gaap:NonUsMemberus-gaap:IntersegmentEliminationMembercvx:UpstreamSegmentMember2020-01-012020-12-310000093410us-gaap:OilAndGasMembercvx:UpstreamSegmentMember2022-01-012022-12-310000093410us-gaap:OilAndGasMembercvx:UpstreamSegmentMember2021-01-012021-12-310000093410us-gaap:OilAndGasMembercvx:UpstreamSegmentMember2020-01-012020-12-310000093410us-gaap:OilAndGasMembercountry:USus-gaap:OperatingSegmentsMembercvx:DownstreamSegmentMember2022-01-012022-12-310000093410us-gaap:OilAndGasMembercountry:USus-gaap:OperatingSegmentsMembercvx:DownstreamSegmentMember2021-01-012021-12-310000093410us-gaap:OilAndGasMembercountry:USus-gaap:OperatingSegmentsMembercvx:DownstreamSegmentMember2020-01-012020-12-310000093410us-gaap:OilAndGasMemberus-gaap:NonUsMemberus-gaap:OperatingSegmentsMembercvx:DownstreamSegmentMember2022-01-012022-12-310000093410us-gaap:OilAndGasMemberus-gaap:NonUsMemberus-gaap:OperatingSegmentsMembercvx:DownstreamSegmentMember2021-01-012021-12-310000093410us-gaap:OilAndGasMemberus-gaap:NonUsMemberus-gaap:OperatingSegmentsMembercvx:DownstreamSegmentMember2020-01-012020-12-310000093410us-gaap:OilAndGasMemberus-gaap:OperatingSegmentsMembercvx:DownstreamSegmentMember2022-01-012022-12-310000093410us-gaap:OilAndGasMemberus-gaap:OperatingSegmentsMembercvx:DownstreamSegmentMember2021-01-012021-12-310000093410us-gaap:OilAndGasMemberus-gaap:OperatingSegmentsMembercvx:DownstreamSegmentMember2020-01-012020-12-310000093410us-gaap:OilAndGasMembercountry:USus-gaap:IntersegmentEliminationMembercvx:DownstreamSegmentMember2022-01-012022-12-310000093410us-gaap:OilAndGasMembercountry:USus-gaap:IntersegmentEliminationMembercvx:DownstreamSegmentMember2021-01-012021-12-310000093410us-gaap:OilAndGasMembercountry:USus-gaap:IntersegmentEliminationMembercvx:DownstreamSegmentMember2020-01-012020-12-310000093410us-gaap:OilAndGasMemberus-gaap:NonUsMemberus-gaap:IntersegmentEliminationMembercvx:DownstreamSegmentMember2022-01-012022-12-310000093410us-gaap:OilAndGasMemberus-gaap:NonUsMemberus-gaap:IntersegmentEliminationMembercvx:DownstreamSegmentMember2021-01-012021-12-310000093410us-gaap:OilAndGasMemberus-gaap:NonUsMemberus-gaap:IntersegmentEliminationMembercvx:DownstreamSegmentMember2020-01-012020-12-310000093410us-gaap:OilAndGasMembercvx:DownstreamSegmentMember2022-01-012022-12-310000093410us-gaap:OilAndGasMembercvx:DownstreamSegmentMember2021-01-012021-12-310000093410us-gaap:OilAndGasMembercvx:DownstreamSegmentMember2020-01-012020-12-310000093410us-gaap:OilAndGasMembercountry:USus-gaap:CorporateNonSegmentMember2022-01-012022-12-310000093410us-gaap:OilAndGasMembercountry:USus-gaap:CorporateNonSegmentMember2021-01-012021-12-310000093410us-gaap:OilAndGasMembercountry:USus-gaap:CorporateNonSegmentMember2020-01-012020-12-310000093410us-gaap:OilAndGasMemberus-gaap:NonUsMemberus-gaap:CorporateNonSegmentMember2022-01-012022-12-310000093410us-gaap:OilAndGasMemberus-gaap:NonUsMemberus-gaap:CorporateNonSegmentMember2021-01-012021-12-310000093410us-gaap:OilAndGasMemberus-gaap:NonUsMemberus-gaap:CorporateNonSegmentMember2020-01-012020-12-310000093410us-gaap:OilAndGasMemberus-gaap:CorporateNonSegmentMember2022-01-012022-12-310000093410us-gaap:OilAndGasMemberus-gaap:CorporateNonSegmentMember2021-01-012021-12-310000093410us-gaap:OilAndGasMemberus-gaap:CorporateNonSegmentMember2020-01-012020-12-310000093410us-gaap:OilAndGasMembercountry:USus-gaap:IntersegmentEliminationMember2022-01-012022-12-310000093410us-gaap:OilAndGasMembercountry:USus-gaap:IntersegmentEliminationMember2021-01-012021-12-310000093410us-gaap:OilAndGasMembercountry:USus-gaap:IntersegmentEliminationMember2020-01-012020-12-310000093410us-gaap:OilAndGasMemberus-gaap:NonUsMemberus-gaap:IntersegmentEliminationMember2022-01-012022-12-310000093410us-gaap:OilAndGasMemberus-gaap:NonUsMemberus-gaap:IntersegmentEliminationMember2021-01-012021-12-310000093410us-gaap:OilAndGasMemberus-gaap:NonUsMemberus-gaap:IntersegmentEliminationMember2020-01-012020-12-310000093410us-gaap:OilAndGasMembercvx:CorporateAndEliminationsMember2022-01-012022-12-310000093410us-gaap:OilAndGasMembercvx:CorporateAndEliminationsMember2021-01-012021-12-310000093410us-gaap:OilAndGasMembercvx:CorporateAndEliminationsMember2020-01-012020-12-310000093410us-gaap:OilAndGasMembercountry:USus-gaap:OperatingSegmentsMember2022-01-012022-12-310000093410us-gaap:OilAndGasMembercountry:USus-gaap:OperatingSegmentsMember2021-01-012021-12-310000093410us-gaap:OilAndGasMembercountry:USus-gaap:OperatingSegmentsMember2020-01-012020-12-310000093410us-gaap:OilAndGasMemberus-gaap:NonUsMemberus-gaap:OperatingSegmentsMember2022-01-012022-12-310000093410us-gaap:OilAndGasMemberus-gaap:NonUsMemberus-gaap:OperatingSegmentsMember2021-01-012021-12-310000093410us-gaap:OilAndGasMemberus-gaap:NonUsMemberus-gaap:OperatingSegmentsMember2020-01-012020-12-310000093410us-gaap:OilAndGasMemberus-gaap:OperatingSegmentsMember2022-01-012022-12-310000093410us-gaap:OilAndGasMemberus-gaap:OperatingSegmentsMember2021-01-012021-12-310000093410us-gaap:OilAndGasMemberus-gaap:OperatingSegmentsMember2020-01-012020-12-310000093410srt:GeographyEliminationsMemberus-gaap:OilAndGasMembercountry:US2022-01-012022-12-310000093410srt:GeographyEliminationsMemberus-gaap:OilAndGasMembercountry:US2021-01-012021-12-310000093410srt:GeographyEliminationsMemberus-gaap:OilAndGasMembercountry:US2020-01-012020-12-310000093410srt:GeographyEliminationsMemberus-gaap:OilAndGasMemberus-gaap:NonUsMember2022-01-012022-12-310000093410srt:GeographyEliminationsMemberus-gaap:OilAndGasMemberus-gaap:NonUsMember2021-01-012021-12-310000093410srt:GeographyEliminationsMemberus-gaap:OilAndGasMemberus-gaap:NonUsMember2020-01-012020-12-310000093410us-gaap:OilAndGasMember2022-01-012022-12-310000093410us-gaap:OilAndGasMember2021-01-012021-12-310000093410us-gaap:OilAndGasMember2020-01-012020-12-310000093410us-gaap:OperatingSegmentsMembercvx:UpstreamSegmentMembercvx:TengizchevroilLlpMember2022-12-310000093410us-gaap:OperatingSegmentsMembercvx:UpstreamSegmentMembercvx:TengizchevroilLlpMember2021-12-310000093410us-gaap:OperatingSegmentsMembercvx:UpstreamSegmentMembercvx:TengizchevroilLlpMember2022-01-012022-12-310000093410us-gaap:OperatingSegmentsMembercvx:UpstreamSegmentMembercvx:TengizchevroilLlpMember2021-01-012021-12-310000093410us-gaap:OperatingSegmentsMembercvx:UpstreamSegmentMembercvx:TengizchevroilLlpMember2020-01-012020-12-310000093410us-gaap:OperatingSegmentsMembercvx:UpstreamSegmentMembercvx:PetropiarMember2022-12-310000093410us-gaap:OperatingSegmentsMembercvx:UpstreamSegmentMembercvx:PetropiarMember2021-12-310000093410us-gaap:OperatingSegmentsMembercvx:UpstreamSegmentMembercvx:PetropiarMember2022-01-012022-12-310000093410us-gaap:OperatingSegmentsMembercvx:UpstreamSegmentMembercvx:PetropiarMember2021-01-012021-12-310000093410us-gaap:OperatingSegmentsMembercvx:UpstreamSegmentMembercvx:PetropiarMember2020-01-012020-12-310000093410us-gaap:OperatingSegmentsMembercvx:PetroboscanMembercvx:UpstreamSegmentMember2022-12-310000093410us-gaap:OperatingSegmentsMembercvx:PetroboscanMembercvx:UpstreamSegmentMember2021-12-310000093410us-gaap:OperatingSegmentsMembercvx:PetroboscanMembercvx:UpstreamSegmentMember2022-01-012022-12-310000093410us-gaap:OperatingSegmentsMembercvx:PetroboscanMembercvx:UpstreamSegmentMember2021-01-012021-12-310000093410us-gaap:OperatingSegmentsMembercvx:PetroboscanMembercvx:UpstreamSegmentMember2020-01-012020-12-310000093410cvx:CaspianPipelineConsortiumMemberus-gaap:OperatingSegmentsMembercvx:UpstreamSegmentMember2022-12-310000093410cvx:CaspianPipelineConsortiumMemberus-gaap:OperatingSegmentsMembercvx:UpstreamSegmentMember2021-12-310000093410cvx:CaspianPipelineConsortiumMemberus-gaap:OperatingSegmentsMembercvx:UpstreamSegmentMember2022-01-012022-12-310000093410cvx:CaspianPipelineConsortiumMemberus-gaap:OperatingSegmentsMembercvx:UpstreamSegmentMember2021-01-012021-12-310000093410cvx:CaspianPipelineConsortiumMemberus-gaap:OperatingSegmentsMembercvx:UpstreamSegmentMember2020-01-012020-12-310000093410us-gaap:OperatingSegmentsMembercvx:AngolaLngLimitedMembercvx:UpstreamSegmentMember2022-12-310000093410us-gaap:OperatingSegmentsMembercvx:AngolaLngLimitedMembercvx:UpstreamSegmentMember2021-12-310000093410us-gaap:OperatingSegmentsMembercvx:AngolaLngLimitedMembercvx:UpstreamSegmentMember2022-01-012022-12-310000093410us-gaap:OperatingSegmentsMembercvx:AngolaLngLimitedMembercvx:UpstreamSegmentMember2021-01-012021-12-310000093410us-gaap:OperatingSegmentsMembercvx:AngolaLngLimitedMembercvx:UpstreamSegmentMember2020-01-012020-12-310000093410us-gaap:OperatingSegmentsMembercvx:OtherVieMembercvx:UpstreamSegmentMember2022-12-310000093410us-gaap:OperatingSegmentsMembercvx:OtherVieMembercvx:UpstreamSegmentMember2021-12-310000093410us-gaap:OperatingSegmentsMembercvx:OtherVieMembercvx:UpstreamSegmentMember2022-01-012022-12-310000093410us-gaap:OperatingSegmentsMembercvx:OtherVieMembercvx:UpstreamSegmentMember2021-01-012021-12-310000093410us-gaap:OperatingSegmentsMembercvx:OtherVieMembercvx:UpstreamSegmentMember2020-01-012020-12-310000093410cvx:ChevronPhillipsChemicalCompanyLlcMemberus-gaap:OperatingSegmentsMembercvx:DownstreamSegmentMember2022-12-310000093410cvx:ChevronPhillipsChemicalCompanyLlcMemberus-gaap:OperatingSegmentsMembercvx:DownstreamSegmentMember2021-12-310000093410cvx:ChevronPhillipsChemicalCompanyLlcMemberus-gaap:OperatingSegmentsMembercvx:DownstreamSegmentMember2022-01-012022-12-310000093410cvx:ChevronPhillipsChemicalCompanyLlcMemberus-gaap:OperatingSegmentsMembercvx:DownstreamSegmentMember2021-01-012021-12-310000093410cvx:ChevronPhillipsChemicalCompanyLlcMemberus-gaap:OperatingSegmentsMembercvx:DownstreamSegmentMember2020-01-012020-12-310000093410cvx:GsCaltexCorporationMemberus-gaap:OperatingSegmentsMembercvx:DownstreamSegmentMember2022-12-310000093410cvx:GsCaltexCorporationMemberus-gaap:OperatingSegmentsMembercvx:DownstreamSegmentMember2021-12-310000093410cvx:GsCaltexCorporationMemberus-gaap:OperatingSegmentsMembercvx:DownstreamSegmentMember2022-01-012022-12-310000093410cvx:GsCaltexCorporationMemberus-gaap:OperatingSegmentsMembercvx:DownstreamSegmentMember2021-01-012021-12-310000093410cvx:GsCaltexCorporationMemberus-gaap:OperatingSegmentsMembercvx:DownstreamSegmentMember2020-01-012020-12-310000093410us-gaap:OperatingSegmentsMembercvx:DownstreamSegmentMembercvx:OtherVieMember2022-12-310000093410us-gaap:OperatingSegmentsMembercvx:DownstreamSegmentMembercvx:OtherVieMember2021-12-310000093410us-gaap:OperatingSegmentsMembercvx:DownstreamSegmentMembercvx:OtherVieMember2022-01-012022-12-310000093410us-gaap:OperatingSegmentsMembercvx:DownstreamSegmentMembercvx:OtherVieMember2021-01-012021-12-310000093410us-gaap:OperatingSegmentsMembercvx:DownstreamSegmentMembercvx:OtherVieMember2020-01-012020-12-310000093410us-gaap:CorporateNonSegmentMember2022-12-310000093410us-gaap:CorporateNonSegmentMember2021-12-310000093410us-gaap:CorporateNonSegmentMember2022-01-012022-12-310000093410us-gaap:CorporateNonSegmentMember2021-01-012021-12-310000093410us-gaap:CorporateNonSegmentMember2020-01-012020-12-310000093410cvx:InvestmentsAndAdvancesMembercountry:US2022-12-310000093410cvx:InvestmentsAndAdvancesMembercountry:US2021-12-310000093410country:UScvx:EquityInEarningsMember2022-01-012022-12-310000093410country:UScvx:EquityInEarningsMember2021-01-012021-12-310000093410country:UScvx:EquityInEarningsMember2020-01-012020-12-310000093410cvx:InvestmentsAndAdvancesMemberus-gaap:NonUsMember2022-12-310000093410cvx:InvestmentsAndAdvancesMemberus-gaap:NonUsMember2021-12-310000093410us-gaap:NonUsMembercvx:EquityInEarningsMember2022-01-012022-12-310000093410us-gaap:NonUsMembercvx:EquityInEarningsMember2021-01-012021-12-310000093410us-gaap:NonUsMembercvx:EquityInEarningsMember2020-01-012020-12-310000093410cvx:PetropiarMember2022-12-310000093410cvx:PetroboscanMember2022-12-310000093410cvx:CaspianPipelineConsortiumMember2022-12-310000093410cvx:AngolaLngLimitedMember2022-12-310000093410cvx:ChevronPhillipsChemicalCompanyLlcMembercvx:GoldenTrianglePolymersProjectMember2022-12-310000093410cvx:GsCaltexCorporationMember2022-12-310000093410us-gaap:OilAndGasPurchasedMembersrt:AffiliatedEntityMember2022-01-012022-12-310000093410us-gaap:OilAndGasPurchasedMembersrt:AffiliatedEntityMember2021-01-012021-12-310000093410us-gaap:OilAndGasPurchasedMembersrt:AffiliatedEntityMember2020-01-012020-12-310000093410cvx:AffiliatesMemberus-gaap:EquityMethodInvestmentNonconsolidatedInvesteeOrGroupOfInvesteesMember2022-01-012022-12-310000093410cvx:AffiliatesMemberus-gaap:EquityMethodInvestmentNonconsolidatedInvesteeOrGroupOfInvesteesMember2021-01-012021-12-310000093410cvx:AffiliatesMemberus-gaap:EquityMethodInvestmentNonconsolidatedInvesteeOrGroupOfInvesteesMember2020-01-012020-12-310000093410srt:ParentCompanyMemberus-gaap:EquityMethodInvestmentNonconsolidatedInvesteeOrGroupOfInvesteesMember2022-01-012022-12-310000093410srt:ParentCompanyMemberus-gaap:EquityMethodInvestmentNonconsolidatedInvesteeOrGroupOfInvesteesMember2021-01-012021-12-310000093410srt:ParentCompanyMemberus-gaap:EquityMethodInvestmentNonconsolidatedInvesteeOrGroupOfInvesteesMember2020-01-012020-12-310000093410cvx:AffiliatesMemberus-gaap:EquityMethodInvestmentNonconsolidatedInvesteeOrGroupOfInvesteesMember2022-12-310000093410cvx:AffiliatesMemberus-gaap:EquityMethodInvestmentNonconsolidatedInvesteeOrGroupOfInvesteesMember2021-12-310000093410cvx:AffiliatesMemberus-gaap:EquityMethodInvestmentNonconsolidatedInvesteeOrGroupOfInvesteesMember2020-12-310000093410srt:ParentCompanyMemberus-gaap:EquityMethodInvestmentNonconsolidatedInvesteeOrGroupOfInvesteesMember2022-12-310000093410srt:ParentCompanyMemberus-gaap:EquityMethodInvestmentNonconsolidatedInvesteeOrGroupOfInvesteesMember2021-12-310000093410srt:ParentCompanyMemberus-gaap:EquityMethodInvestmentNonconsolidatedInvesteeOrGroupOfInvesteesMember2020-12-310000093410cvx:EcuadorLitigationMemberus-gaap:PendingLitigationMember1991-01-011991-12-310000093410cvx:EcuadorLitigationMemberus-gaap:PendingLitigationMember2011-02-012011-02-280000093410us-gaap:PendingLitigationMembercvx:ClimateChangeMember2022-12-31cvx:lawsuit0000093410cvx:ClimateChangeMember2022-01-012022-12-310000093410cvx:CoastalErosionMemberus-gaap:PendingLitigationMember2022-12-310000093410us-gaap:DomesticCountryMember2022-01-012022-12-310000093410us-gaap:DomesticCountryMember2021-01-012021-12-310000093410us-gaap:DomesticCountryMember2020-01-012020-12-310000093410us-gaap:ForeignCountryMember2022-01-012022-12-310000093410us-gaap:ForeignCountryMember2021-01-012021-12-310000093410us-gaap:ForeignCountryMember2020-01-012020-12-310000093410country:USus-gaap:OperatingSegmentsMembercvx:UpstreamSegmentMember2020-12-310000093410us-gaap:NonUsMemberus-gaap:OperatingSegmentsMembercvx:UpstreamSegmentMember2020-12-310000093410us-gaap:OperatingSegmentsMembercvx:UpstreamSegmentMember2020-12-310000093410country:USus-gaap:OperatingSegmentsMembercvx:DownstreamSegmentMember2020-12-310000093410us-gaap:NonUsMemberus-gaap:OperatingSegmentsMembercvx:DownstreamSegmentMember2020-12-310000093410us-gaap:OperatingSegmentsMembercvx:DownstreamSegmentMember2020-12-310000093410us-gaap:MaterialReconcilingItemsMembercountry:US2020-12-310000093410us-gaap:MaterialReconcilingItemsMembercountry:US2022-01-012022-12-310000093410us-gaap:MaterialReconcilingItemsMembercountry:US2021-01-012021-12-310000093410us-gaap:MaterialReconcilingItemsMembercountry:US2020-01-012020-12-310000093410us-gaap:MaterialReconcilingItemsMemberus-gaap:NonUsMember2020-12-310000093410us-gaap:MaterialReconcilingItemsMemberus-gaap:NonUsMember2022-01-012022-12-310000093410us-gaap:MaterialReconcilingItemsMemberus-gaap:NonUsMember2021-01-012021-12-310000093410us-gaap:MaterialReconcilingItemsMemberus-gaap:NonUsMember2020-01-012020-12-310000093410us-gaap:MaterialReconcilingItemsMember2020-12-310000093410country:US2020-12-310000093410country:US2022-01-012022-12-310000093410country:US2021-01-012021-12-310000093410country:US2020-01-012020-12-310000093410us-gaap:NonUsMember2020-12-310000093410us-gaap:NonUsMember2022-01-012022-12-310000093410us-gaap:NonUsMember2021-01-012021-12-310000093410us-gaap:NonUsMember2020-01-012020-12-310000093410country:AU2022-12-310000093410country:AU2021-12-310000093410country:AU2020-12-310000093410cvx:NobleEnergyIncMember2021-01-012021-12-310000093410cvx:NobleEnergyIncMember2021-12-310000093410cvx:NotesDue2023Memberus-gaap:NotesPayableToBanksMember2022-12-310000093410cvx:NotesDue2023Memberus-gaap:NotesPayableToBanksMembersrt:MinimumMember2022-12-310000093410cvx:NotesDue2023Memberus-gaap:NotesPayableToBanksMembersrt:MaximumMember2022-12-310000093410cvx:NotesDue2023Memberus-gaap:NotesPayableToBanksMember2021-12-310000093410us-gaap:BondsMembercvx:FloatingRateNotesDue2023Member2022-12-310000093410srt:MinimumMemberus-gaap:BondsMembercvx:FloatingRateNotesDue2023Member2022-12-310000093410us-gaap:BondsMembercvx:FloatingRateNotesDue2023Membersrt:MaximumMember2022-12-310000093410us-gaap:BondsMembercvx:FloatingRateNotesDue2023Member2021-12-310000093410us-gaap:NotesPayableToBanksMembercvx:NotesDue2024Member2022-12-310000093410us-gaap:NotesPayableToBanksMembersrt:MinimumMembercvx:NotesDue2024Member2022-12-310000093410us-gaap:NotesPayableToBanksMembercvx:NotesDue2024Membersrt:MaximumMember2022-12-310000093410us-gaap:NotesPayableToBanksMembercvx:NotesDue2024Member2021-12-310000093410us-gaap:NotesPayableToBanksMembercvx:NotesDue2025Member2022-12-310000093410us-gaap:NotesPayableToBanksMembersrt:MinimumMembercvx:NotesDue2025Member2022-12-310000093410us-gaap:NotesPayableToBanksMembercvx:NotesDue2025Membersrt:MaximumMember2022-12-310000093410us-gaap:NotesPayableToBanksMembercvx:NotesDue2025Member2021-12-310000093410us-gaap:NotesPayableToBanksMembercvx:NotesDue2026Member2022-12-310000093410us-gaap:NotesPayableToBanksMembercvx:NotesDue2026Member2021-12-310000093410cvx:NotesDue2027Memberus-gaap:NotesPayableToBanksMember2022-12-310000093410cvx:NotesDue2027Memberus-gaap:NotesPayableToBanksMembersrt:MinimumMember2022-12-310000093410cvx:NotesDue2027Memberus-gaap:NotesPayableToBanksMembersrt:MaximumMember2022-12-310000093410cvx:NotesDue2027Memberus-gaap:NotesPayableToBanksMember2021-12-310000093410us-gaap:NotesPayableToBanksMembercvx:NotesDue2028Member2022-12-310000093410us-gaap:NotesPayableToBanksMembercvx:NotesDue2028Member2021-12-310000093410us-gaap:NotesPayableToBanksMembercvx:NotesDue2029Member2022-12-310000093410us-gaap:NotesPayableToBanksMembercvx:NotesDue2029Member2021-12-310000093410us-gaap:NotesPayableToBanksMembercvx:NotesDue2030Member2022-12-310000093410us-gaap:NotesPayableToBanksMembercvx:NotesDue2030Member2021-12-310000093410cvx:DebentureOneMemberus-gaap:UnsecuredDebtMember2022-12-310000093410cvx:DebentureOneMemberus-gaap:UnsecuredDebtMember2021-12-310000093410us-gaap:UnsecuredDebtMembercvx:DebentureTwoMember2022-12-310000093410srt:MinimumMemberus-gaap:UnsecuredDebtMembercvx:DebentureTwoMember2022-12-310000093410us-gaap:UnsecuredDebtMembersrt:MaximumMembercvx:DebentureTwoMember2022-12-310000093410us-gaap:UnsecuredDebtMembercvx:DebentureTwoMember2021-12-310000093410us-gaap:NotesPayableToBanksMembercvx:NotesDue2040Member2022-12-310000093410us-gaap:NotesPayableToBanksMembercvx:NotesDue2040Member2021-12-310000093410us-gaap:NotesPayableToBanksMembercvx:NotesDue2041Member2022-12-310000093410us-gaap:NotesPayableToBanksMembercvx:NotesDue2041Member2021-12-310000093410us-gaap:NotesPayableToBanksMembercvx:NotesDue2043Member2022-12-310000093410us-gaap:NotesPayableToBanksMembercvx:NotesDue2043Member2021-12-310000093410cvx:NotesDue2044Memberus-gaap:NotesPayableToBanksMember2022-12-310000093410cvx:NotesDue2044Memberus-gaap:NotesPayableToBanksMember2021-12-310000093410us-gaap:NotesPayableToBanksMembercvx:NotesDue2047Member2022-12-310000093410us-gaap:NotesPayableToBanksMembercvx:NotesDue2047Member2021-12-310000093410us-gaap:NotesPayableToBanksMembercvx:NotesDue2049Member2022-12-310000093410us-gaap:NotesPayableToBanksMembercvx:NotesDue2049Member2021-12-310000093410us-gaap:NotesPayableToBanksMembercvx:NotesDue2050Member2022-12-310000093410us-gaap:NotesPayableToBanksMembersrt:MinimumMembercvx:NotesDue2050Member2022-12-310000093410us-gaap:NotesPayableToBanksMembercvx:NotesDue2050Membersrt:MaximumMember2022-12-310000093410us-gaap:NotesPayableToBanksMembercvx:NotesDue2050Member2021-12-310000093410cvx:DebentureFiveMemberus-gaap:UnsecuredDebtMember2022-12-310000093410cvx:DebentureFiveMemberus-gaap:UnsecuredDebtMember2021-12-310000093410cvx:BankLoansDue2023Memberus-gaap:LoansPayableMember2022-12-310000093410cvx:BankLoansDue2023Membersrt:MinimumMemberus-gaap:LoansPayableMember2022-12-310000093410cvx:BankLoansDue2023Memberus-gaap:LoansPayableMembersrt:MaximumMember2022-12-310000093410cvx:BankLoansDue2023Memberus-gaap:LoansPayableMember2021-12-310000093410cvx:ThreePointFourZeroLoanDue2021Memberus-gaap:LoansPayableMember2022-12-310000093410cvx:ThreePointFourZeroLoanDue2021Memberus-gaap:LoansPayableMember2021-12-310000093410us-gaap:MediumTermNotesMembercvx:MediumTermNotesMaturingFrom2023To2038Member2022-12-310000093410us-gaap:MediumTermNotesMembersrt:MinimumMembercvx:MediumTermNotesMaturingFrom2023To2038Member2022-12-310000093410us-gaap:MediumTermNotesMembercvx:MediumTermNotesMaturingFrom2023To2038Membersrt:MaximumMember2022-12-310000093410us-gaap:MediumTermNotesMembercvx:MediumTermNotesMaturingFrom2023To2038Member2021-12-310000093410us-gaap:NotesPayableToBanksMembercvx:NotesDue2022Member2022-12-310000093410us-gaap:NotesPayableToBanksMembercvx:NotesDue2022Member2021-12-310000093410us-gaap:MediumTermNotesMember2021-10-310000093410cvx:NotesDue2023Member2022-02-24cvx:Project0000093410cvx:DrillingActivityMember2022-12-310000093410cvx:NoDrillingActivityMember2022-12-310000093410cvx:UndergoingFrontEndEngineeringAndDesignWithFinalInvestmentDecisionExpectedMember2022-12-310000093410cvx:UndergoingFrontEndEngineeringAndDesignWithFinalInvestmentDecisionExpectedMember2022-01-012022-12-310000093410cvx:ReviewingDevelopmentAlternativesMember2022-12-31cvx:Well0000093410us-gaap:AgingOfCapitalizedExploratoryWellCostsPeriodOneMember2022-12-310000093410us-gaap:AgingOfCapitalizedExploratoryWellCostsPeriodTwoMember2022-12-310000093410us-gaap:AgingOfCapitalizedExploratoryWellCostsPeriodThreeMember2022-12-310000093410us-gaap:AgingOfCapitalizedExploratoryWellCostsPeriodFourMember2022-12-310000093410us-gaap:AgingOfCapitalizedExploratoryWellCostsPeriodFiveMember2022-12-310000093410cvx:AgingOfCapitalizedExploratoryWellCostsPeriodSixMember2022-12-310000093410cvx:PerformanceSharesandRestrictedStockUnitsRSUsMembercvx:ChevronLongTermIncentivePlanLTIPMember2022-01-012022-12-310000093410cvx:StockOptionsAndStockAppreciationRightsMembercvx:ChevronLongTermIncentivePlanLTIPMember2022-01-012022-12-310000093410cvx:ChevronLongTermIncentivePlanLTIP2017IssuanceMembercvx:PerformanceSharesandRestrictedStockUnitsRSUsMember2022-01-012022-12-310000093410cvx:ChevronLongTermIncentivePlanLTIP2017IssuanceMemberus-gaap:RestrictedStockUnitsRSUMember2022-01-012022-12-310000093410cvx:StockOptionsAndStockAppreciationRightsMembercvx:ChevronLongTermIncentivePlanLTIP2017IssuanceMember2022-01-012022-12-310000093410cvx:ChevronLongTermIncentivePlanLTIP2023IssuanceMemberus-gaap:RestrictedStockUnitsRSUMember2022-01-012022-12-310000093410cvx:NobleShareBasedPlansMember2020-10-052020-10-050000093410us-gaap:PerformanceSharesMember2022-01-010000093410us-gaap:PerformanceSharesMember2022-01-012022-12-310000093410us-gaap:PerformanceSharesMember2022-12-310000093410us-gaap:RestrictedStockUnitsRSUMember2022-01-010000093410us-gaap:RestrictedStockUnitsRSUMember2022-12-310000093410us-gaap:StockAppreciationRightsSARSMember2022-12-310000093410us-gaap:StockAppreciationRightsSARSMember2022-01-012022-12-310000093410country:USus-gaap:PensionPlansDefinedBenefitMember2021-12-310000093410us-gaap:PensionPlansDefinedBenefitMemberus-gaap:ForeignPlanMember2021-12-310000093410country:USus-gaap:PensionPlansDefinedBenefitMember2020-12-310000093410us-gaap:PensionPlansDefinedBenefitMemberus-gaap:ForeignPlanMember2020-12-310000093410us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember2021-12-310000093410us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember2020-12-310000093410country:USus-gaap:PensionPlansDefinedBenefitMember2022-01-012022-12-310000093410us-gaap:PensionPlansDefinedBenefitMemberus-gaap:ForeignPlanMember2022-01-012022-12-310000093410country:USus-gaap:PensionPlansDefinedBenefitMember2021-01-012021-12-310000093410us-gaap:PensionPlansDefinedBenefitMemberus-gaap:ForeignPlanMember2021-01-012021-12-310000093410us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember2022-01-012022-12-310000093410us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember2021-01-012021-12-310000093410country:USus-gaap:PensionPlansDefinedBenefitMember2022-12-310000093410us-gaap:PensionPlansDefinedBenefitMemberus-gaap:ForeignPlanMember2022-12-310000093410us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember2022-12-310000093410country:USus-gaap:PensionPlansDefinedBenefitMember2020-01-012020-12-310000093410us-gaap:PensionPlansDefinedBenefitMemberus-gaap:ForeignPlanMember2020-01-012020-12-310000093410us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember2020-01-012020-12-310000093410country:US2022-01-012022-12-310000093410country:US2022-12-310000093410country:US2021-12-310000093410country:US2020-12-310000093410country:USus-gaap:DefinedBenefitPlanEquitySecuritiesUsMember2021-12-310000093410country:USus-gaap:DefinedBenefitPlanEquitySecuritiesUsMemberus-gaap:FairValueInputsLevel1Member2021-12-310000093410country:USus-gaap:DefinedBenefitPlanEquitySecuritiesUsMemberus-gaap:FairValueInputsLevel2Member2021-12-310000093410country:USus-gaap:DefinedBenefitPlanEquitySecuritiesUsMemberus-gaap:FairValueInputsLevel3Member2021-12-310000093410country:USus-gaap:DefinedBenefitPlanEquitySecuritiesUsMemberus-gaap:FairValueMeasuredAtNetAssetValuePerShareMember2021-12-310000093410us-gaap:DefinedBenefitPlanEquitySecuritiesUsMemberus-gaap:ForeignPlanMember2021-12-310000093410us-gaap:DefinedBenefitPlanEquitySecuritiesUsMemberus-gaap:ForeignPlanMemberus-gaap:FairValueInputsLevel1Member2021-12-310000093410us-gaap:DefinedBenefitPlanEquitySecuritiesUsMemberus-gaap:FairValueInputsLevel2Memberus-gaap:ForeignPlanMember2021-12-310000093410us-gaap:DefinedBenefitPlanEquitySecuritiesUsMemberus-gaap:ForeignPlanMemberus-gaap:FairValueInputsLevel3Member2021-12-310000093410us-gaap:DefinedBenefitPlanEquitySecuritiesUsMemberus-gaap:ForeignPlanMemberus-gaap:FairValueMeasuredAtNetAssetValuePerShareMember2021-12-310000093410country:USus-gaap:DefinedBenefitPlanEquitySecuritiesNonUsMember2021-12-310000093410country:USus-gaap:DefinedBenefitPlanEquitySecuritiesNonUsMemberus-gaap:FairValueInputsLevel1Member2021-12-310000093410country:USus-gaap:FairValueInputsLevel2Memberus-gaap:DefinedBenefitPlanEquitySecuritiesNonUsMember2021-12-310000093410country:USus-gaap:FairValueInputsLevel3Memberus-gaap:DefinedBenefitPlanEquitySecuritiesNonUsMember2021-12-310000093410country:USus-gaap:DefinedBenefitPlanEquitySecuritiesNonUsMemberus-gaap:FairValueMeasuredAtNetAssetValuePerShareMember2021-12-310000093410us-gaap:ForeignPlanMemberus-gaap:DefinedBenefitPlanEquitySecuritiesNonUsMember2021-12-310000093410us-gaap:ForeignPlanMemberus-gaap:DefinedBenefitPlanEquitySecuritiesNonUsMemberus-gaap:FairValueInputsLevel1Member2021-12-310000093410us-gaap:FairValueInputsLevel2Memberus-gaap:ForeignPlanMemberus-gaap:DefinedBenefitPlanEquitySecuritiesNonUsMember2021-12-310000093410us-gaap:ForeignPlanMemberus-gaap:FairValueInputsLevel3Memberus-gaap:DefinedBenefitPlanEquitySecuritiesNonUsMember2021-12-310000093410us-gaap:ForeignPlanMemberus-gaap:DefinedBenefitPlanEquitySecuritiesNonUsMemberus-gaap:FairValueMeasuredAtNetAssetValuePerShareMember2021-12-310000093410country:UScvx:CollectiveTrustsMutualFundsEquitySecuritiesMember2021-12-310000093410country:USus-gaap:FairValueInputsLevel1Membercvx:CollectiveTrustsMutualFundsEquitySecuritiesMember2021-12-310000093410country:USus-gaap:FairValueInputsLevel2Membercvx:CollectiveTrustsMutualFundsEquitySecuritiesMember2021-12-310000093410country:USus-gaap:FairValueInputsLevel3Membercvx:CollectiveTrustsMutualFundsEquitySecuritiesMember2021-12-310000093410country:USus-gaap:FairValueMeasuredAtNetAssetValuePerShareMembercvx:CollectiveTrustsMutualFundsEquitySecuritiesMember2021-12-310000093410us-gaap:ForeignPlanMembercvx:CollectiveTrustsMutualFundsEquitySecuritiesMember2021-12-310000093410us-gaap:ForeignPlanMemberus-gaap:FairValueInputsLevel1Membercvx:CollectiveTrustsMutualFundsEquitySecuritiesMember2021-12-310000093410us-gaap:FairValueInputsLevel2Memberus-gaap:ForeignPlanMembercvx:CollectiveTrustsMutualFundsEquitySecuritiesMember2021-12-310000093410us-gaap:ForeignPlanMemberus-gaap:FairValueInputsLevel3Membercvx:CollectiveTrustsMutualFundsEquitySecuritiesMember2021-12-310000093410us-gaap:ForeignPlanMemberus-gaap:FairValueMeasuredAtNetAssetValuePerShareMembercvx:CollectiveTrustsMutualFundsEquitySecuritiesMember2021-12-310000093410country:USus-gaap:USTreasuryAndGovernmentMember2021-12-310000093410country:USus-gaap:FairValueInputsLevel1Memberus-gaap:USTreasuryAndGovernmentMember2021-12-310000093410country:USus-gaap:FairValueInputsLevel2Memberus-gaap:USTreasuryAndGovernmentMember2021-12-310000093410country:USus-gaap:FairValueInputsLevel3Memberus-gaap:USTreasuryAndGovernmentMember2021-12-310000093410country:USus-gaap:FairValueMeasuredAtNetAssetValuePerShareMemberus-gaap:USTreasuryAndGovernmentMember2021-12-310000093410us-gaap:ForeignPlanMemberus-gaap:USTreasuryAndGovernmentMember2021-12-310000093410us-gaap:ForeignPlanMemberus-gaap:FairValueInputsLevel1Memberus-gaap:USTreasuryAndGovernmentMember2021-12-310000093410us-gaap:FairValueInputsLevel2Memberus-gaap:ForeignPlanMemberus-gaap:USTreasuryAndGovernmentMember2021-12-310000093410us-gaap:ForeignPlanMemberus-gaap:FairValueInputsLevel3Memberus-gaap:USTreasuryAndGovernmentMember2021-12-310000093410us-gaap:ForeignPlanMemberus-gaap:FairValueMeasuredAtNetAssetValuePerShareMemberus-gaap:USTreasuryAndGovernmentMember2021-12-310000093410country:USus-gaap:CorporateDebtSecuritiesMember2021-12-310000093410country:USus-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueInputsLevel1Member2021-12-310000093410country:USus-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueInputsLevel2Member2021-12-310000093410country:USus-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueInputsLevel3Member2021-12-310000093410country:USus-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueMeasuredAtNetAssetValuePerShareMember2021-12-310000093410us-gaap:CorporateDebtSecuritiesMemberus-gaap:ForeignPlanMember2021-12-310000093410us-gaap:CorporateDebtSecuritiesMemberus-gaap:ForeignPlanMemberus-gaap:FairValueInputsLevel1Member2021-12-310000093410us-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueInputsLevel2Memberus-gaap:ForeignPlanMember2021-12-310000093410us-gaap:CorporateDebtSecuritiesMemberus-gaap:ForeignPlanMemberus-gaap:FairValueInputsLevel3Member2021-12-310000093410us-gaap:CorporateDebtSecuritiesMemberus-gaap:ForeignPlanMemberus-gaap:FairValueMeasuredAtNetAssetValuePerShareMember2021-12-310000093410country:USus-gaap:BankLoanObligationsMember2021-12-310000093410country:USus-gaap:BankLoanObligationsMemberus-gaap:FairValueInputsLevel1Member2021-12-310000093410country:USus-gaap:BankLoanObligationsMemberus-gaap:FairValueInputsLevel2Member2021-12-310000093410country:USus-gaap:BankLoanObligationsMemberus-gaap:FairValueInputsLevel3Member2021-12-310000093410country:USus-gaap:BankLoanObligationsMemberus-gaap:FairValueMeasuredAtNetAssetValuePerShareMember2021-12-310000093410us-gaap:BankLoanObligationsMemberus-gaap:ForeignPlanMember2021-12-310000093410us-gaap:BankLoanObligationsMemberus-gaap:ForeignPlanMemberus-gaap:FairValueInputsLevel1Member2021-12-310000093410us-gaap:BankLoanObligationsMemberus-gaap:FairValueInputsLevel2Memberus-gaap:ForeignPlanMember2021-12-310000093410us-gaap:BankLoanObligationsMemberus-gaap:ForeignPlanMemberus-gaap:FairValueInputsLevel3Member2021-12-310000093410us-gaap:BankLoanObligationsMemberus-gaap:ForeignPlanMemberus-gaap:FairValueMeasuredAtNetAssetValuePerShareMember2021-12-310000093410country:USus-gaap:AssetBackedSecuritiesMember2021-12-310000093410country:USus-gaap:AssetBackedSecuritiesMemberus-gaap:FairValueInputsLevel1Member2021-12-310000093410country:USus-gaap:FairValueInputsLevel2Memberus-gaap:AssetBackedSecuritiesMember2021-12-310000093410country:USus-gaap:FairValueInputsLevel3Memberus-gaap:AssetBackedSecuritiesMember2021-12-310000093410country:USus-gaap:AssetBackedSecuritiesMemberus-gaap:FairValueMeasuredAtNetAssetValuePerShareMember2021-12-310000093410us-gaap:ForeignPlanMemberus-gaap:AssetBackedSecuritiesMember2021-12-310000093410us-gaap:ForeignPlanMemberus-gaap:AssetBackedSecuritiesMemberus-gaap:FairValueInputsLevel1Member2021-12-310000093410us-gaap:FairValueInputsLevel2Memberus-gaap:ForeignPlanMemberus-gaap:AssetBackedSecuritiesMember2021-12-310000093410us-gaap:ForeignPlanMemberus-gaap:FairValueInputsLevel3Memberus-gaap:AssetBackedSecuritiesMember2021-12-310000093410us-gaap:ForeignPlanMemberus-gaap:AssetBackedSecuritiesMemberus-gaap:FairValueMeasuredAtNetAssetValuePerShareMember2021-12-310000093410country:UScvx:CollectiveTrustsMutualFundsDebtSecuritiesMember2021-12-310000093410country:UScvx:CollectiveTrustsMutualFundsDebtSecuritiesMemberus-gaap:FairValueInputsLevel1Member2021-12-310000093410country:USus-gaap:FairValueInputsLevel2Membercvx:CollectiveTrustsMutualFundsDebtSecuritiesMember2021-12-310000093410country:USus-gaap:FairValueInputsLevel3Membercvx:CollectiveTrustsMutualFundsDebtSecuritiesMember2021-12-310000093410country:USus-gaap:FairValueMeasuredAtNetAssetValuePerShareMembercvx:CollectiveTrustsMutualFundsDebtSecuritiesMember2021-12-310000093410us-gaap:ForeignPlanMembercvx:CollectiveTrustsMutualFundsDebtSecuritiesMember2021-12-310000093410us-gaap:ForeignPlanMembercvx:CollectiveTrustsMutualFundsDebtSecuritiesMemberus-gaap:FairValueInputsLevel1Member2021-12-310000093410us-gaap:FairValueInputsLevel2Memberus-gaap:ForeignPlanMembercvx:CollectiveTrustsMutualFundsDebtSecuritiesMember2021-12-310000093410us-gaap:ForeignPlanMemberus-gaap:FairValueInputsLevel3Membercvx:CollectiveTrustsMutualFundsDebtSecuritiesMember2021-12-310000093410us-gaap:ForeignPlanMemberus-gaap:FairValueMeasuredAtNetAssetValuePerShareMembercvx:CollectiveTrustsMutualFundsDebtSecuritiesMember2021-12-310000093410country:UScvx:MutualFundsPlanAssetsMember2021-12-310000093410country:UScvx:MutualFundsPlanAssetsMemberus-gaap:FairValueInputsLevel1Member2021-12-310000093410country:USus-gaap:FairValueInputsLevel2Membercvx:MutualFundsPlanAssetsMember2021-12-310000093410country:UScvx:MutualFundsPlanAssetsMemberus-gaap:FairValueInputsLevel3Member2021-12-310000093410country:UScvx:MutualFundsPlanAssetsMemberus-gaap:FairValueMeasuredAtNetAssetValuePerShareMember2021-12-310000093410cvx:MutualFundsPlanAssetsMemberus-gaap:ForeignPlanMember2021-12-310000093410cvx:MutualFundsPlanAssetsMemberus-gaap:ForeignPlanMemberus-gaap:FairValueInputsLevel1Member2021-12-310000093410us-gaap:FairValueInputsLevel2Membercvx:MutualFundsPlanAssetsMemberus-gaap:ForeignPlanMember2021-12-310000093410cvx:MutualFundsPlanAssetsMemberus-gaap:ForeignPlanMemberus-gaap:FairValueInputsLevel3Member2021-12-310000093410cvx:MutualFundsPlanAssetsMemberus-gaap:ForeignPlanMemberus-gaap:FairValueMeasuredAtNetAssetValuePerShareMember2021-12-310000093410country:USus-gaap:DefinedBenefitPlanRealEstateMember2021-12-310000093410country:USus-gaap:DefinedBenefitPlanRealEstateMemberus-gaap:FairValueInputsLevel1Member2021-12-310000093410country:USus-gaap:FairValueInputsLevel2Memberus-gaap:DefinedBenefitPlanRealEstateMember2021-12-310000093410country:USus-gaap:FairValueInputsLevel3Memberus-gaap:DefinedBenefitPlanRealEstateMember2021-12-310000093410country:USus-gaap:DefinedBenefitPlanRealEstateMemberus-gaap:FairValueMeasuredAtNetAssetValuePerShareMember2021-12-310000093410us-gaap:ForeignPlanMemberus-gaap:DefinedBenefitPlanRealEstateMember2021-12-310000093410us-gaap:ForeignPlanMemberus-gaap:DefinedBenefitPlanRealEstateMemberus-gaap:FairValueInputsLevel1Member2021-12-310000093410us-gaap:FairValueInputsLevel2Memberus-gaap:ForeignPlanMemberus-gaap:DefinedBenefitPlanRealEstateMember2021-12-310000093410us-gaap:ForeignPlanMemberus-gaap:FairValueInputsLevel3Memberus-gaap:DefinedBenefitPlanRealEstateMember2021-12-310000093410us-gaap:ForeignPlanMemberus-gaap:DefinedBenefitPlanRealEstateMemberus-gaap:FairValueMeasuredAtNetAssetValuePerShareMember2021-12-310000093410country:UScvx:AlternativeInvestmentsMember2021-12-310000093410country:UScvx:AlternativeInvestmentsMemberus-gaap:FairValueInputsLevel1Member2021-12-310000093410country:UScvx:AlternativeInvestmentsMemberus-gaap:FairValueInputsLevel2Member2021-12-310000093410country:UScvx:AlternativeInvestmentsMemberus-gaap:FairValueInputsLevel3Member2021-12-310000093410country:UScvx:AlternativeInvestmentsMemberus-gaap:FairValueMeasuredAtNetAssetValuePerShareMember2021-12-310000093410cvx:AlternativeInvestmentsMemberus-gaap:ForeignPlanMember2021-12-310000093410cvx:AlternativeInvestmentsMemberus-gaap:ForeignPlanMemberus-gaap:FairValueInputsLevel1Member2021-12-310000093410cvx:AlternativeInvestmentsMemberus-gaap:FairValueInputsLevel2Memberus-gaap:ForeignPlanMember2021-12-310000093410cvx:AlternativeInvestmentsMemberus-gaap:ForeignPlanMemberus-gaap:FairValueInputsLevel3Member2021-12-310000093410cvx:AlternativeInvestmentsMemberus-gaap:ForeignPlanMemberus-gaap:FairValueMeasuredAtNetAssetValuePerShareMember2021-12-310000093410country:USus-gaap:DefinedBenefitPlanCashAndCashEquivalentsMember2021-12-310000093410country:USus-gaap:DefinedBenefitPlanCashAndCashEquivalentsMemberus-gaap:FairValueInputsLevel1Member2021-12-310000093410country:USus-gaap:FairValueInputsLevel2Memberus-gaap:DefinedBenefitPlanCashAndCashEquivalentsMember2021-12-310000093410country:USus-gaap:DefinedBenefitPlanCashAndCashEquivalentsMemberus-gaap:FairValueInputsLevel3Member2021-12-310000093410country:USus-gaap:DefinedBenefitPlanCashAndCashEquivalentsMemberus-gaap:FairValueMeasuredAtNetAssetValuePerShareMember2021-12-310000093410us-gaap:DefinedBenefitPlanCashAndCashEquivalentsMemberus-gaap:ForeignPlanMember2021-12-310000093410us-gaap:DefinedBenefitPlanCashAndCashEquivalentsMemberus-gaap:ForeignPlanMemberus-gaap:FairValueInputsLevel1Member2021-12-310000093410us-gaap:FairValueInputsLevel2Memberus-gaap:DefinedBenefitPlanCashAndCashEquivalentsMemberus-gaap:ForeignPlanMember2021-12-310000093410us-gaap:DefinedBenefitPlanCashAndCashEquivalentsMemberus-gaap:ForeignPlanMemberus-gaap:FairValueInputsLevel3Member2021-12-310000093410us-gaap:DefinedBenefitPlanCashAndCashEquivalentsMemberus-gaap:ForeignPlanMemberus-gaap:FairValueMeasuredAtNetAssetValuePerShareMember2021-12-310000093410country:UScvx:OtherPlanAssetsMember2021-12-310000093410country:UScvx:OtherPlanAssetsMemberus-gaap:FairValueInputsLevel1Member2021-12-310000093410country:USus-gaap:FairValueInputsLevel2Membercvx:OtherPlanAssetsMember2021-12-310000093410country:UScvx:OtherPlanAssetsMemberus-gaap:FairValueInputsLevel3Member2021-12-310000093410country:UScvx:OtherPlanAssetsMemberus-gaap:FairValueMeasuredAtNetAssetValuePerShareMember2021-12-310000093410cvx:OtherPlanAssetsMemberus-gaap:ForeignPlanMember2021-12-310000093410cvx:OtherPlanAssetsMemberus-gaap:ForeignPlanMemberus-gaap:FairValueInputsLevel1Member2021-12-310000093410us-gaap:FairValueInputsLevel2Membercvx:OtherPlanAssetsMemberus-gaap:ForeignPlanMember2021-12-310000093410cvx:OtherPlanAssetsMemberus-gaap:ForeignPlanMemberus-gaap:FairValueInputsLevel3Member2021-12-310000093410cvx:OtherPlanAssetsMemberus-gaap:ForeignPlanMemberus-gaap:FairValueMeasuredAtNetAssetValuePerShareMember2021-12-310000093410country:USus-gaap:FairValueInputsLevel1Member2021-12-310000093410country:USus-gaap:FairValueInputsLevel2Member2021-12-310000093410country:USus-gaap:FairValueInputsLevel3Member2021-12-310000093410country:USus-gaap:FairValueMeasuredAtNetAssetValuePerShareMember2021-12-310000093410us-gaap:ForeignPlanMember2021-12-310000093410us-gaap:ForeignPlanMemberus-gaap:FairValueInputsLevel1Member2021-12-310000093410us-gaap:FairValueInputsLevel2Memberus-gaap:ForeignPlanMember2021-12-310000093410us-gaap:ForeignPlanMemberus-gaap:FairValueInputsLevel3Member2021-12-310000093410us-gaap:ForeignPlanMemberus-gaap:FairValueMeasuredAtNetAssetValuePerShareMember2021-12-310000093410country:USus-gaap:DefinedBenefitPlanEquitySecuritiesUsMember2022-12-310000093410country:USus-gaap:DefinedBenefitPlanEquitySecuritiesUsMemberus-gaap:FairValueInputsLevel1Member2022-12-310000093410country:USus-gaap:DefinedBenefitPlanEquitySecuritiesUsMemberus-gaap:FairValueInputsLevel2Member2022-12-310000093410country:USus-gaap:DefinedBenefitPlanEquitySecuritiesUsMemberus-gaap:FairValueInputsLevel3Member2022-12-310000093410country:USus-gaap:DefinedBenefitPlanEquitySecuritiesUsMemberus-gaap:FairValueMeasuredAtNetAssetValuePerShareMember2022-12-310000093410us-gaap:DefinedBenefitPlanEquitySecuritiesUsMemberus-gaap:ForeignPlanMember2022-12-310000093410us-gaap:DefinedBenefitPlanEquitySecuritiesUsMemberus-gaap:ForeignPlanMemberus-gaap:FairValueInputsLevel1Member2022-12-310000093410us-gaap:DefinedBenefitPlanEquitySecuritiesUsMemberus-gaap:FairValueInputsLevel2Memberus-gaap:ForeignPlanMember2022-12-310000093410us-gaap:DefinedBenefitPlanEquitySecuritiesUsMemberus-gaap:ForeignPlanMemberus-gaap:FairValueInputsLevel3Member2022-12-310000093410us-gaap:DefinedBenefitPlanEquitySecuritiesUsMemberus-gaap:ForeignPlanMemberus-gaap:FairValueMeasuredAtNetAssetValuePerShareMember2022-12-310000093410country:USus-gaap:DefinedBenefitPlanEquitySecuritiesNonUsMember2022-12-310000093410country:USus-gaap:DefinedBenefitPlanEquitySecuritiesNonUsMemberus-gaap:FairValueInputsLevel1Member2022-12-310000093410country:USus-gaap:FairValueInputsLevel2Memberus-gaap:DefinedBenefitPlanEquitySecuritiesNonUsMember2022-12-310000093410country:USus-gaap:FairValueInputsLevel3Memberus-gaap:DefinedBenefitPlanEquitySecuritiesNonUsMember2022-12-310000093410country:USus-gaap:DefinedBenefitPlanEquitySecuritiesNonUsMemberus-gaap:FairValueMeasuredAtNetAssetValuePerShareMember2022-12-310000093410us-gaap:ForeignPlanMemberus-gaap:DefinedBenefitPlanEquitySecuritiesNonUsMember2022-12-310000093410us-gaap:ForeignPlanMemberus-gaap:DefinedBenefitPlanEquitySecuritiesNonUsMemberus-gaap:FairValueInputsLevel1Member2022-12-310000093410us-gaap:FairValueInputsLevel2Memberus-gaap:ForeignPlanMemberus-gaap:DefinedBenefitPlanEquitySecuritiesNonUsMember2022-12-310000093410us-gaap:ForeignPlanMemberus-gaap:FairValueInputsLevel3Memberus-gaap:DefinedBenefitPlanEquitySecuritiesNonUsMember2022-12-310000093410us-gaap:ForeignPlanMemberus-gaap:DefinedBenefitPlanEquitySecuritiesNonUsMemberus-gaap:FairValueMeasuredAtNetAssetValuePerShareMember2022-12-310000093410country:UScvx:CollectiveTrustsMutualFundsEquitySecuritiesMember2022-12-310000093410country:USus-gaap:FairValueInputsLevel1Membercvx:CollectiveTrustsMutualFundsEquitySecuritiesMember2022-12-310000093410country:USus-gaap:FairValueInputsLevel2Membercvx:CollectiveTrustsMutualFundsEquitySecuritiesMember2022-12-310000093410country:USus-gaap:FairValueInputsLevel3Membercvx:CollectiveTrustsMutualFundsEquitySecuritiesMember2022-12-310000093410country:USus-gaap:FairValueMeasuredAtNetAssetValuePerShareMembercvx:CollectiveTrustsMutualFundsEquitySecuritiesMember2022-12-310000093410us-gaap:ForeignPlanMembercvx:CollectiveTrustsMutualFundsEquitySecuritiesMember2022-12-310000093410us-gaap:ForeignPlanMemberus-gaap:FairValueInputsLevel1Membercvx:CollectiveTrustsMutualFundsEquitySecuritiesMember2022-12-310000093410us-gaap:FairValueInputsLevel2Memberus-gaap:ForeignPlanMembercvx:CollectiveTrustsMutualFundsEquitySecuritiesMember2022-12-310000093410us-gaap:ForeignPlanMemberus-gaap:FairValueInputsLevel3Membercvx:CollectiveTrustsMutualFundsEquitySecuritiesMember2022-12-310000093410us-gaap:ForeignPlanMemberus-gaap:FairValueMeasuredAtNetAssetValuePerShareMembercvx:CollectiveTrustsMutualFundsEquitySecuritiesMember2022-12-310000093410country:USus-gaap:USTreasuryAndGovernmentMember2022-12-310000093410country:USus-gaap:FairValueInputsLevel1Memberus-gaap:USTreasuryAndGovernmentMember2022-12-310000093410country:USus-gaap:FairValueInputsLevel2Memberus-gaap:USTreasuryAndGovernmentMember2022-12-310000093410country:USus-gaap:FairValueInputsLevel3Memberus-gaap:USTreasuryAndGovernmentMember2022-12-310000093410country:USus-gaap:FairValueMeasuredAtNetAssetValuePerShareMemberus-gaap:USTreasuryAndGovernmentMember2022-12-310000093410us-gaap:ForeignPlanMemberus-gaap:USTreasuryAndGovernmentMember2022-12-310000093410us-gaap:ForeignPlanMemberus-gaap:FairValueInputsLevel1Memberus-gaap:USTreasuryAndGovernmentMember2022-12-310000093410us-gaap:FairValueInputsLevel2Memberus-gaap:ForeignPlanMemberus-gaap:USTreasuryAndGovernmentMember2022-12-310000093410us-gaap:ForeignPlanMemberus-gaap:FairValueInputsLevel3Memberus-gaap:USTreasuryAndGovernmentMember2022-12-310000093410us-gaap:ForeignPlanMemberus-gaap:FairValueMeasuredAtNetAssetValuePerShareMemberus-gaap:USTreasuryAndGovernmentMember2022-12-310000093410country:USus-gaap:CorporateDebtSecuritiesMember2022-12-310000093410country:USus-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueInputsLevel1Member2022-12-310000093410country:USus-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueInputsLevel2Member2022-12-310000093410country:USus-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueInputsLevel3Member2022-12-310000093410country:USus-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueMeasuredAtNetAssetValuePerShareMember2022-12-310000093410us-gaap:CorporateDebtSecuritiesMemberus-gaap:ForeignPlanMember2022-12-310000093410us-gaap:CorporateDebtSecuritiesMemberus-gaap:ForeignPlanMemberus-gaap:FairValueInputsLevel1Member2022-12-310000093410us-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueInputsLevel2Memberus-gaap:ForeignPlanMember2022-12-310000093410us-gaap:CorporateDebtSecuritiesMemberus-gaap:ForeignPlanMemberus-gaap:FairValueInputsLevel3Member2022-12-310000093410us-gaap:CorporateDebtSecuritiesMemberus-gaap:ForeignPlanMemberus-gaap:FairValueMeasuredAtNetAssetValuePerShareMember2022-12-310000093410country:USus-gaap:BankLoanObligationsMember2022-12-310000093410country:USus-gaap:BankLoanObligationsMemberus-gaap:FairValueInputsLevel1Member2022-12-310000093410country:USus-gaap:BankLoanObligationsMemberus-gaap:FairValueInputsLevel2Member2022-12-310000093410country:USus-gaap:BankLoanObligationsMemberus-gaap:FairValueInputsLevel3Member2022-12-310000093410country:USus-gaap:BankLoanObligationsMemberus-gaap:FairValueMeasuredAtNetAssetValuePerShareMember2022-12-310000093410us-gaap:BankLoanObligationsMemberus-gaap:ForeignPlanMember2022-12-310000093410us-gaap:BankLoanObligationsMemberus-gaap:ForeignPlanMemberus-gaap:FairValueInputsLevel1Member2022-12-310000093410us-gaap:BankLoanObligationsMemberus-gaap:FairValueInputsLevel2Memberus-gaap:ForeignPlanMember2022-12-310000093410us-gaap:BankLoanObligationsMemberus-gaap:ForeignPlanMemberus-gaap:FairValueInputsLevel3Member2022-12-310000093410us-gaap:BankLoanObligationsMemberus-gaap:ForeignPlanMemberus-gaap:FairValueMeasuredAtNetAssetValuePerShareMember2022-12-310000093410country:USus-gaap:AssetBackedSecuritiesMember2022-12-310000093410country:USus-gaap:AssetBackedSecuritiesMemberus-gaap:FairValueInputsLevel1Member2022-12-310000093410country:USus-gaap:FairValueInputsLevel2Memberus-gaap:AssetBackedSecuritiesMember2022-12-310000093410country:USus-gaap:FairValueInputsLevel3Memberus-gaap:AssetBackedSecuritiesMember2022-12-310000093410country:USus-gaap:AssetBackedSecuritiesMemberus-gaap:FairValueMeasuredAtNetAssetValuePerShareMember2022-12-310000093410us-gaap:ForeignPlanMemberus-gaap:AssetBackedSecuritiesMember2022-12-310000093410us-gaap:ForeignPlanMemberus-gaap:AssetBackedSecuritiesMemberus-gaap:FairValueInputsLevel1Member2022-12-310000093410us-gaap:FairValueInputsLevel2Memberus-gaap:ForeignPlanMemberus-gaap:AssetBackedSecuritiesMember2022-12-310000093410us-gaap:ForeignPlanMemberus-gaap:FairValueInputsLevel3Memberus-gaap:AssetBackedSecuritiesMember2022-12-310000093410us-gaap:ForeignPlanMemberus-gaap:AssetBackedSecuritiesMemberus-gaap:FairValueMeasuredAtNetAssetValuePerShareMember2022-12-310000093410country:UScvx:CollectiveTrustsMutualFundsDebtSecuritiesMember2022-12-310000093410country:UScvx:CollectiveTrustsMutualFundsDebtSecuritiesMemberus-gaap:FairValueInputsLevel1Member2022-12-310000093410country:USus-gaap:FairValueInputsLevel2Membercvx:CollectiveTrustsMutualFundsDebtSecuritiesMember2022-12-310000093410country:USus-gaap:FairValueInputsLevel3Membercvx:CollectiveTrustsMutualFundsDebtSecuritiesMember2022-12-310000093410country:USus-gaap:FairValueMeasuredAtNetAssetValuePerShareMembercvx:CollectiveTrustsMutualFundsDebtSecuritiesMember2022-12-310000093410us-gaap:ForeignPlanMembercvx:CollectiveTrustsMutualFundsDebtSecuritiesMember2022-12-310000093410us-gaap:ForeignPlanMembercvx:CollectiveTrustsMutualFundsDebtSecuritiesMemberus-gaap:FairValueInputsLevel1Member2022-12-310000093410us-gaap:FairValueInputsLevel2Memberus-gaap:ForeignPlanMembercvx:CollectiveTrustsMutualFundsDebtSecuritiesMember2022-12-310000093410us-gaap:ForeignPlanMemberus-gaap:FairValueInputsLevel3Membercvx:CollectiveTrustsMutualFundsDebtSecuritiesMember2022-12-310000093410us-gaap:ForeignPlanMemberus-gaap:FairValueMeasuredAtNetAssetValuePerShareMembercvx:CollectiveTrustsMutualFundsDebtSecuritiesMember2022-12-310000093410country:UScvx:MutualFundsPlanAssetsMember2022-12-310000093410country:UScvx:MutualFundsPlanAssetsMemberus-gaap:FairValueInputsLevel1Member2022-12-310000093410country:USus-gaap:FairValueInputsLevel2Membercvx:MutualFundsPlanAssetsMember2022-12-310000093410country:UScvx:MutualFundsPlanAssetsMemberus-gaap:FairValueInputsLevel3Member2022-12-310000093410country:UScvx:MutualFundsPlanAssetsMemberus-gaap:FairValueMeasuredAtNetAssetValuePerShareMember2022-12-310000093410cvx:MutualFundsPlanAssetsMemberus-gaap:ForeignPlanMember2022-12-310000093410cvx:MutualFundsPlanAssetsMemberus-gaap:ForeignPlanMemberus-gaap:FairValueInputsLevel1Member2022-12-310000093410us-gaap:FairValueInputsLevel2Membercvx:MutualFundsPlanAssetsMemberus-gaap:ForeignPlanMember2022-12-310000093410cvx:MutualFundsPlanAssetsMemberus-gaap:ForeignPlanMemberus-gaap:FairValueInputsLevel3Member2022-12-310000093410cvx:MutualFundsPlanAssetsMemberus-gaap:ForeignPlanMemberus-gaap:FairValueMeasuredAtNetAssetValuePerShareMember2022-12-310000093410country:USus-gaap:DefinedBenefitPlanRealEstateMember2022-12-310000093410country:USus-gaap:DefinedBenefitPlanRealEstateMemberus-gaap:FairValueInputsLevel1Member2022-12-310000093410country:USus-gaap:FairValueInputsLevel2Memberus-gaap:DefinedBenefitPlanRealEstateMember2022-12-310000093410country:USus-gaap:FairValueInputsLevel3Memberus-gaap:DefinedBenefitPlanRealEstateMember2022-12-310000093410country:USus-gaap:DefinedBenefitPlanRealEstateMemberus-gaap:FairValueMeasuredAtNetAssetValuePerShareMember2022-12-310000093410us-gaap:ForeignPlanMemberus-gaap:DefinedBenefitPlanRealEstateMember2022-12-310000093410us-gaap:ForeignPlanMemberus-gaap:DefinedBenefitPlanRealEstateMemberus-gaap:FairValueInputsLevel1Member2022-12-310000093410us-gaap:FairValueInputsLevel2Memberus-gaap:ForeignPlanMemberus-gaap:DefinedBenefitPlanRealEstateMember2022-12-310000093410us-gaap:ForeignPlanMemberus-gaap:FairValueInputsLevel3Memberus-gaap:DefinedBenefitPlanRealEstateMember2022-12-310000093410us-gaap:ForeignPlanMemberus-gaap:DefinedBenefitPlanRealEstateMemberus-gaap:FairValueMeasuredAtNetAssetValuePerShareMember2022-12-310000093410country:UScvx:AlternativeInvestmentsMember2022-12-310000093410country:UScvx:AlternativeInvestmentsMemberus-gaap:FairValueInputsLevel1Member2022-12-310000093410country:UScvx:AlternativeInvestmentsMemberus-gaap:FairValueInputsLevel2Member2022-12-310000093410country:UScvx:AlternativeInvestmentsMemberus-gaap:FairValueInputsLevel3Member2022-12-310000093410country:UScvx:AlternativeInvestmentsMemberus-gaap:FairValueMeasuredAtNetAssetValuePerShareMember2022-12-310000093410cvx:AlternativeInvestmentsMemberus-gaap:ForeignPlanMember2022-12-310000093410cvx:AlternativeInvestmentsMemberus-gaap:ForeignPlanMemberus-gaap:FairValueInputsLevel1Member2022-12-310000093410cvx:AlternativeInvestmentsMemberus-gaap:FairValueInputsLevel2Memberus-gaap:ForeignPlanMember2022-12-310000093410cvx:AlternativeInvestmentsMemberus-gaap:ForeignPlanMemberus-gaap:FairValueInputsLevel3Member2022-12-310000093410cvx:AlternativeInvestmentsMemberus-gaap:ForeignPlanMemberus-gaap:FairValueMeasuredAtNetAssetValuePerShareMember2022-12-310000093410country:USus-gaap:DefinedBenefitPlanCashAndCashEquivalentsMember2022-12-310000093410country:USus-gaap:DefinedBenefitPlanCashAndCashEquivalentsMemberus-gaap:FairValueInputsLevel1Member2022-12-310000093410country:USus-gaap:FairValueInputsLevel2Memberus-gaap:DefinedBenefitPlanCashAndCashEquivalentsMember2022-12-310000093410country:USus-gaap:DefinedBenefitPlanCashAndCashEquivalentsMemberus-gaap:FairValueInputsLevel3Member2022-12-310000093410country:USus-gaap:DefinedBenefitPlanCashAndCashEquivalentsMemberus-gaap:FairValueMeasuredAtNetAssetValuePerShareMember2022-12-310000093410us-gaap:DefinedBenefitPlanCashAndCashEquivalentsMemberus-gaap:ForeignPlanMember2022-12-310000093410us-gaap:DefinedBenefitPlanCashAndCashEquivalentsMemberus-gaap:ForeignPlanMemberus-gaap:FairValueInputsLevel1Member2022-12-310000093410us-gaap:FairValueInputsLevel2Memberus-gaap:DefinedBenefitPlanCashAndCashEquivalentsMemberus-gaap:ForeignPlanMember2022-12-310000093410us-gaap:DefinedBenefitPlanCashAndCashEquivalentsMemberus-gaap:ForeignPlanMemberus-gaap:FairValueInputsLevel3Member2022-12-310000093410us-gaap:DefinedBenefitPlanCashAndCashEquivalentsMemberus-gaap:ForeignPlanMemberus-gaap:FairValueMeasuredAtNetAssetValuePerShareMember2022-12-310000093410country:UScvx:OtherPlanAssetsMember2022-12-310000093410country:UScvx:OtherPlanAssetsMemberus-gaap:FairValueInputsLevel1Member2022-12-310000093410country:USus-gaap:FairValueInputsLevel2Membercvx:OtherPlanAssetsMember2022-12-310000093410country:UScvx:OtherPlanAssetsMemberus-gaap:FairValueInputsLevel3Member2022-12-310000093410country:UScvx:OtherPlanAssetsMemberus-gaap:FairValueMeasuredAtNetAssetValuePerShareMember2022-12-310000093410cvx:OtherPlanAssetsMemberus-gaap:ForeignPlanMember2022-12-310000093410cvx:OtherPlanAssetsMemberus-gaap:ForeignPlanMemberus-gaap:FairValueInputsLevel1Member2022-12-310000093410us-gaap:FairValueInputsLevel2Membercvx:OtherPlanAssetsMemberus-gaap:ForeignPlanMember2022-12-310000093410cvx:OtherPlanAssetsMemberus-gaap:ForeignPlanMemberus-gaap:FairValueInputsLevel3Member2022-12-310000093410cvx:OtherPlanAssetsMemberus-gaap:ForeignPlanMemberus-gaap:FairValueMeasuredAtNetAssetValuePerShareMember2022-12-310000093410country:USus-gaap:FairValueInputsLevel1Member2022-12-310000093410country:USus-gaap:FairValueInputsLevel2Member2022-12-310000093410country:USus-gaap:FairValueInputsLevel3Member2022-12-310000093410country:USus-gaap:FairValueMeasuredAtNetAssetValuePerShareMember2022-12-310000093410us-gaap:ForeignPlanMember2022-12-310000093410us-gaap:ForeignPlanMemberus-gaap:FairValueInputsLevel1Member2022-12-310000093410us-gaap:FairValueInputsLevel2Memberus-gaap:ForeignPlanMember2022-12-310000093410us-gaap:ForeignPlanMemberus-gaap:FairValueInputsLevel3Member2022-12-310000093410us-gaap:ForeignPlanMemberus-gaap:FairValueMeasuredAtNetAssetValuePerShareMember2022-12-310000093410country:USus-gaap:DefinedBenefitPlanEquitySecuritiesUsMembercvx:CompanysOwnStockMember2022-12-310000093410country:USus-gaap:DefinedBenefitPlanEquitySecuritiesUsMembercvx:CompanysOwnStockMember2021-12-310000093410us-gaap:FairValueInputsLevel3Memberus-gaap:DefinedBenefitPlanEquitySecuritiesNonUsMember2020-12-310000093410us-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueInputsLevel3Member2020-12-310000093410us-gaap:BankLoanObligationsMemberus-gaap:FairValueInputsLevel3Member2020-12-310000093410us-gaap:FairValueInputsLevel3Memberus-gaap:DefinedBenefitPlanRealEstateMember2020-12-310000093410cvx:OtherPlanAssetsMemberus-gaap:FairValueInputsLevel3Member2020-12-310000093410us-gaap:FairValueInputsLevel3Member2020-12-310000093410us-gaap:FairValueInputsLevel3Memberus-gaap:DefinedBenefitPlanEquitySecuritiesNonUsMember2021-01-012021-12-310000093410us-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueInputsLevel3Member2021-01-012021-12-310000093410us-gaap:BankLoanObligationsMemberus-gaap:FairValueInputsLevel3Member2021-01-012021-12-310000093410us-gaap:FairValueInputsLevel3Memberus-gaap:DefinedBenefitPlanRealEstateMember2021-01-012021-12-310000093410cvx:OtherPlanAssetsMemberus-gaap:FairValueInputsLevel3Member2021-01-012021-12-310000093410us-gaap:FairValueInputsLevel3Member2021-01-012021-12-310000093410us-gaap:FairValueInputsLevel3Memberus-gaap:DefinedBenefitPlanEquitySecuritiesNonUsMember2021-12-310000093410us-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueInputsLevel3Member2021-12-310000093410us-gaap:BankLoanObligationsMemberus-gaap:FairValueInputsLevel3Member2021-12-310000093410us-gaap:FairValueInputsLevel3Memberus-gaap:DefinedBenefitPlanRealEstateMember2021-12-310000093410cvx:OtherPlanAssetsMemberus-gaap:FairValueInputsLevel3Member2021-12-310000093410us-gaap:FairValueInputsLevel3Member2021-12-310000093410us-gaap:FairValueInputsLevel3Memberus-gaap:DefinedBenefitPlanEquitySecuritiesNonUsMember2022-01-012022-12-310000093410us-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueInputsLevel3Member2022-01-012022-12-310000093410us-gaap:BankLoanObligationsMemberus-gaap:FairValueInputsLevel3Member2022-01-012022-12-310000093410us-gaap:FairValueInputsLevel3Memberus-gaap:DefinedBenefitPlanRealEstateMember2022-01-012022-12-310000093410cvx:OtherPlanAssetsMemberus-gaap:FairValueInputsLevel3Member2022-01-012022-12-310000093410us-gaap:FairValueInputsLevel3Member2022-01-012022-12-310000093410us-gaap:FairValueInputsLevel3Memberus-gaap:DefinedBenefitPlanEquitySecuritiesNonUsMember2022-12-310000093410us-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueInputsLevel3Member2022-12-310000093410us-gaap:BankLoanObligationsMemberus-gaap:FairValueInputsLevel3Member2022-12-310000093410us-gaap:FairValueInputsLevel3Memberus-gaap:DefinedBenefitPlanRealEstateMember2022-12-310000093410cvx:OtherPlanAssetsMemberus-gaap:FairValueInputsLevel3Member2022-12-310000093410us-gaap:FairValueInputsLevel3Member2022-12-310000093410country:USus-gaap:PensionPlansDefinedBenefitMemberus-gaap:EquitySecuritiesMembersrt:MinimumMember2022-12-310000093410country:USus-gaap:PensionPlansDefinedBenefitMemberus-gaap:EquitySecuritiesMembersrt:MaximumMember2022-12-310000093410country:USus-gaap:PensionPlansDefinedBenefitMembercvx:FixedIncomeAndCashAndCashEquivalentsMembersrt:MinimumMember2022-12-310000093410country:USus-gaap:PensionPlansDefinedBenefitMembercvx:FixedIncomeAndCashAndCashEquivalentsMembersrt:MaximumMember2022-12-310000093410country:USus-gaap:PensionPlansDefinedBenefitMembersrt:MinimumMemberus-gaap:RealEstateMember2022-12-310000093410country:USus-gaap:PensionPlansDefinedBenefitMemberus-gaap:RealEstateMembersrt:MaximumMember2022-12-310000093410country:USus-gaap:PensionPlansDefinedBenefitMembersrt:MinimumMembercvx:OtherPlanAssetsMember2022-12-310000093410country:USus-gaap:PensionPlansDefinedBenefitMembercvx:OtherPlanAssetsMembersrt:MaximumMember2022-12-310000093410country:USus-gaap:PensionPlansDefinedBenefitMemberus-gaap:DefinedBenefitPlanCashMembersrt:MinimumMember2022-12-310000093410country:USus-gaap:PensionPlansDefinedBenefitMemberus-gaap:DefinedBenefitPlanCashMembersrt:MaximumMember2022-12-310000093410us-gaap:PensionPlansDefinedBenefitMemberus-gaap:EquitySecuritiesMembersrt:MinimumMembercountry:GB2022-12-310000093410us-gaap:PensionPlansDefinedBenefitMemberus-gaap:EquitySecuritiesMembercountry:GBsrt:MaximumMember2022-12-310000093410us-gaap:PensionPlansDefinedBenefitMembercvx:FixedIncomeAndCashAndCashEquivalentsMembersrt:MinimumMembercountry:GB2022-12-310000093410us-gaap:PensionPlansDefinedBenefitMembercvx:FixedIncomeAndCashAndCashEquivalentsMembercountry:GBsrt:MaximumMember2022-12-310000093410us-gaap:PensionPlansDefinedBenefitMembersrt:MinimumMemberus-gaap:RealEstateMembercountry:GB2022-12-310000093410us-gaap:PensionPlansDefinedBenefitMemberus-gaap:RealEstateMembercountry:GBsrt:MaximumMember2022-12-310000093410us-gaap:PensionPlansDefinedBenefitMemberus-gaap:DefinedBenefitPlanCashMembersrt:MinimumMembercountry:GB2022-12-310000093410us-gaap:PensionPlansDefinedBenefitMemberus-gaap:DefinedBenefitPlanCashMembercountry:GBsrt:MaximumMember2022-12-310000093410us-gaap:ForeignPlanMember2022-01-012022-12-310000093410us-gaap:OtherPensionPlansDefinedBenefitMember2022-01-012022-12-310000093410us-gaap:OtherPensionPlansDefinedBenefitMember2021-01-012021-12-310000093410us-gaap:OtherPensionPlansDefinedBenefitMember2020-01-012020-12-31cvx:guaranty0000093410cvx:AffiliatesMember2022-01-012022-12-310000093410cvx:OtherUnconditionalPurchaseObligationsMember2022-12-310000093410cvx:SitesWithPotentialRemediationActivitiesMember2022-12-31cvx:Location0000093410cvx:EnvironmentalReserveLessEnvironmentalReserveForSitesWithPotentialRemediationActivitiesMember2022-12-310000093410country:UScvx:DownstreamSegmentMember2022-12-310000093410us-gaap:NonUsMembercvx:DownstreamSegmentMember2022-12-310000093410cvx:UpstreamSegmentMember2022-12-310000093410cvx:DownstreamSegmentMember2022-01-012022-12-310000093410cvx:UpstreamSegmentMember2022-01-012022-12-310000093410cvx:DownstreamSegmentMember2021-01-012021-12-310000093410cvx:UpstreamSegmentMember2021-01-012021-12-310000093410cvx:DownstreamSegmentMember2020-01-012020-12-310000093410cvx:UpstreamSegmentMember2020-01-012020-12-310000093410cvx:DownstreamSegmentMember2022-12-310000093410cvx:NonTradeAccountsReceivableMember2022-12-310000093410cvx:InvestmentsInAndAdvanceToAffiliatesSubsidiariesAssociatesAndJointVenturesMembercvx:EquityAffiliateLoanMember2022-12-310000093410cvx:InvestmentsInAndAdvanceToAffiliatesSubsidiariesAssociatesAndJointVenturesMembercvx:EquityAffiliateLoanMember2021-12-310000093410cvx:RenewableEnergyGroupIncMember2022-06-132022-06-130000093410cvx:RenewableEnergyGroupIncMember2022-06-130000093410us-gaap:BusinessRestructuringReservesMember2021-12-310000093410us-gaap:BusinessRestructuringReservesMember2020-12-310000093410us-gaap:BusinessRestructuringReservesMember2019-12-310000093410us-gaap:BusinessRestructuringReservesMember2022-01-012022-12-310000093410us-gaap:BusinessRestructuringReservesMember2021-01-012021-12-310000093410us-gaap:BusinessRestructuringReservesMember2020-01-012020-12-310000093410us-gaap:BusinessRestructuringReservesMember2022-12-310000093410us-gaap:AllowanceForCreditLossMember2021-12-310000093410us-gaap:AllowanceForCreditLossMember2020-12-310000093410us-gaap:AllowanceForCreditLossMember2019-12-310000093410us-gaap:AllowanceForCreditLossMember2022-01-012022-12-310000093410us-gaap:AllowanceForCreditLossMember2021-01-012021-12-310000093410us-gaap:AllowanceForCreditLossMember2020-01-012020-12-310000093410us-gaap:AllowanceForCreditLossMember2022-12-310000093410us-gaap:ValuationAllowanceOfDeferredTaxAssetsMember2021-12-310000093410us-gaap:ValuationAllowanceOfDeferredTaxAssetsMember2020-12-310000093410us-gaap:ValuationAllowanceOfDeferredTaxAssetsMember2019-12-310000093410us-gaap:ValuationAllowanceOfDeferredTaxAssetsMember2022-01-012022-12-310000093410us-gaap:ValuationAllowanceOfDeferredTaxAssetsMember2021-01-012021-12-310000093410us-gaap:ValuationAllowanceOfDeferredTaxAssetsMember2020-01-012020-12-310000093410us-gaap:ValuationAllowanceOfDeferredTaxAssetsMember2022-12-310000093410cvx:NobleEnergyIncMemberus-gaap:ValuationAllowanceOfDeferredTaxAssetsMember2022-01-012022-12-31

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 10-K
  ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 2022
OR
  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the transition period from ______ to ______
Commission File Number 001-00368
Chevron Corporation
(Exact name of registrant as specified in its charter)
6001 Bollinger Canyon Road
Delaware94-0890210
San Ramon, California 94583-2324
(State or other jurisdiction of
incorporation or organization)
(I.R.S. Employer
Identification No.)
(Address of principal executive offices)
(Zip Code)
 
Registrant’s telephone number, including area code (925842-1000
Securities registered pursuant to Section 12(b) of the Act:
 
Title of each classTrading SymbolName of each exchange on which registered
Common stock, par value $.75 per shareCVXNew York Stock Exchange
Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.
Yes þ          No o
Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.
Yes o          No þ
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
Yes þ          No o
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).
Yes þ          No o
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
Large accelerated filerAccelerated filer
Non-accelerated filerSmaller reporting company
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. o  
Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal controls over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report.  
If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements. o  
Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b). o  
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).      Yes        No þ
The aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the price at which the common equity was last sold, or the average bid and asked price of such common equity, as of the last business day of the registrant’s most recently completed second fiscal quarter — $283.4 billion (As of June 30, 2022)
 Number of Shares of Common Stock outstanding as of February 10, 2023 — 1,906,674,044
DOCUMENTS INCORPORATED BY REFERENCE
(To The Extent Indicated Herein)
Notice of the 2023 Annual Meeting and 2023 Proxy Statement, to be filed pursuant to Rule 14a-6(b) under the Securities Exchange Act of 1934, in connection with the company’s 2023 Annual Meeting of Stockholders (in Part III)





TABLE OF CONTENTS
ITEMPAGE
1




CAUTIONARY STATEMENTS RELEVANT TO FORWARD-LOOKING INFORMATION
FOR THE PURPOSE OF “SAFE HARBOR” PROVISIONS OF THE
PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
This Annual Report on Form 10-K of Chevron Corporation contains forward-looking statements relating to Chevron’s operations and energy transition plans that are based on management’s current expectations, estimates and projections about the petroleum, chemicals and other energy-related industries. Words or phrases such as “anticipates,” “expects,” “intends,” “plans,” “targets,” “advances,” “commits,” “drives,” “aims,” “forecasts,” “projects,” “believes,” “approaches,” “seeks,” “schedules,” “estimates,” “positions,” “pursues,” “may,” “can,” “could,” “should,” “will,” “budgets,” “outlook,” “trends,” “guidance,” “focus,” “on track,” “goals,” “objectives,” “strategies,” “opportunities,” “poised,” “potential,” “ambitions,” “aspires” and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and other factors, many of which are beyond the company’s control and are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. The reader should not place undue reliance on these forward-looking statements, which speak only as of the date of this report. Unless legally required, Chevron undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.
Among the important factors that could cause actual results to differ materially from those in the forward-looking statements are: changing crude oil and natural gas prices and demand for the company’s products, and production curtailments due to market conditions; crude oil production quotas or other actions that might be imposed by the Organization of Petroleum Exporting Countries and other producing countries; technological advancements; changes to government policies in the countries in which the company operates; public health crises, such as pandemics (including coronavirus (COVID-19)) and epidemics, and any related government policies and actions; disruptions in the company’s global supply chain, including supply chain constraints and escalation of the cost of goods and services; changing economic, regulatory and political environments in the various countries in which the company operates; general domestic and international economic and political conditions, including the military conflict between Russia and Ukraine and the global response to such conflict; changing refining, marketing and chemicals margins; actions of competitors or regulators; timing of exploration expenses; timing of crude oil liftings; the competitiveness of alternate-energy sources or product substitutes; development of large carbon capture and offset markets; the results of operations and financial condition of the company’s suppliers, vendors, partners and equity affiliates, particularly during the COVID-19 pandemic; the inability or failure of the company’s joint-venture partners to fund their share of operations and development activities; the potential failure to achieve expected net production from existing and future crude oil and natural gas development projects; potential delays in the development, construction or start-up of planned projects; the potential disruption or interruption of the company’s operations due to war, accidents, political events, civil unrest, severe weather, cyber threats, terrorist acts, or other natural or human causes beyond the company’s control; the potential liability for remedial actions or assessments under existing or future environmental regulations and litigation; significant operational, investment or product changes undertaken or required by existing or future environmental statutes and regulations, including international agreements and national or regional legislation and regulatory measures to limit or reduce greenhouse gas emissions; the potential liability resulting from pending or future litigation; the company’s future acquisitions or dispositions of assets or shares or the delay or failure of such transactions to close based on required closing conditions; the potential for gains and losses from asset dispositions or impairments; government mandated sales, divestitures, recapitalizations, taxes and tax audits, tariffs, sanctions, changes in fiscal terms or restrictions on scope of company operations; foreign currency movements compared with the U.S. dollar; higher inflation and related impacts; material reductions in corporate liquidity and access to debt markets; the receipt of required Board authorizations to implement capital allocation strategies, including future stock repurchase programs and dividend payments; the effects of changed accounting rules under generally accepted accounting principles promulgated by rule-setting bodies; the company’s ability to identify and mitigate the risks and hazards inherent in operating in the global energy industry; and the factors set forth under the heading “Risk Factors” on pages 20 through 26 in this report. Other unpredictable or unknown factors not discussed in this report could also have material adverse effects on forward-looking statements.
2


PART I
Item 1. Business
General Development of Business
Summary Description of Chevron
Chevron Corporation,* a Delaware corporation, manages its investments in subsidiaries and affiliates and provides administrative, financial, management and technology support to U.S. and international subsidiaries that engage in integrated energy and chemicals operations. Upstream operations consist primarily of exploring for, developing, producing and transporting crude oil and natural gas; processing, liquefaction, transportation and regasification associated with liquefied natural gas; transporting crude oil by major international oil export pipelines; transporting, storage and marketing of natural gas; and a gas-to-liquids plant. Downstream operations consist primarily of refining crude oil into petroleum products; marketing of crude oil, refined products, and lubricants; manufacturing and marketing of renewable fuels; transporting crude oil and refined products by pipeline, marine vessel, motor equipment and rail car; and manufacturing and marketing of commodity petrochemicals, plastics for industrial uses and fuel and lubricant additives.
A list of the company’s significant subsidiaries is presented in Exhibit 21.1.
Overview of Petroleum Industry
Petroleum industry operations and profitability are influenced by many factors. Prices for crude oil, natural gas, liquefied natural gas, petroleum products and petrochemicals are generally determined by supply and demand. Production levels from the members of Organization of Petroleum Exporting Countries (OPEC), Russia and the United States are the major factors in determining worldwide supply. Demand for crude oil and its products and for natural gas is largely driven by the conditions of local, national and global economies, although weather patterns, the pace of energy transition and taxation relative to other energy sources also play a significant part. Laws and governmental policies, particularly in the areas of taxation, energy and the environment, affect where and how companies invest, conduct their operations, select feedstocks, and formulate their products and, in some cases, limit their profits directly.
Strong competition exists in all sectors of the petroleum and petrochemical industries in supplying the energy, fuel and chemical needs of industry and individual consumers. In the upstream business, Chevron competes with fully integrated, major global petroleum companies, as well as independent and national petroleum companies, for the acquisition of crude oil and natural gas leases and other properties and for the equipment and labor required to develop and operate those properties. In its downstream business, Chevron competes with fully integrated, major petroleum companies, as well as independent refining and marketing, transportation and chemicals entities and national petroleum companies in the refining, manufacturing, sale and marketing of fuels, lubricants, additives and petrochemicals.
Operating Environment
Refer to pages 32 through 40 of this Form 10-K in Management’s Discussion and Analysis of Financial Condition and Results of Operations for a discussion of the company’s current business environment and outlook.
Chevron’s Strategic Direction
Chevron’s strategy is to leverage our strengths to safely deliver lower carbon energy to a growing world. Our primary objective is to deliver higher returns, lower carbon and superior shareholder value in any business environment. We are building on our capabilities, assets and customer relationships as we aim to lead in lower carbon intensity oil, products and natural gas, as well as advance new products and solutions that reduce the carbon emissions of major industries. We aim to grow our traditional oil and gas business, lower the carbon intensity of our operations and grow new lower carbon businesses in renewable fuels, hydrogen, carbon capture, offsets, and other emerging technologies.
Information about the company is available on the company’s website at www.chevron.com. Information contained on the company’s website is not part of this Annual Report on Form 10-K. The company’s Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and any amendments to these reports filed or furnished pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934 are available free of charge on the company’s website soon after such reports are filed with or furnished to the U.S. Securities and Exchange Commission (SEC). The reports are also available on the SEC’s website at www.sec.gov.


________________________________________________________
* Incorporated in Delaware in 1926 as Standard Oil Company of California, the company adopted the name Chevron Corporation in 1984 and ChevronTexaco Corporation in 2001. In 2005, ChevronTexaco Corporation changed its name to Chevron Corporation. As used in this report, the term “Chevron” and such terms as “the company,” “the corporation,” “our,” “we,” “us” and "its" may refer to Chevron Corporation, one or more of its consolidated subsidiaries, or all of them taken as a whole, but unless stated otherwise they do not include “affiliates” of Chevron — i.e., those companies accounted for by the equity method (generally owned 50 percent or less) or non-equity method investments. All of these terms are used for convenience only and are not intended as a precise description of any of the separate companies, each of which manages its own affairs.
3


Human Capital Management
Chevron invests in its workforce and culture, with the objective of engaging employees to develop their full potential to deliver energy solutions and enable human progress. The Chevron Way explains the company’s beliefs, vision, purpose and values. It guides how the company’s employees work and establishes a common understanding of culture and aspirations.
Chevron hires, develops, and strives to retain a diverse workforce of high-performing talent, and fosters a culture that values diversity, inclusion and employee engagement. Chevron leadership is accountable for the company’s investment in people and the company’s culture. This includes reviews of metrics addressing critical function hiring, leadership development, retention, diversity and inclusion, and employee engagement.
The following table summarizes the number of Chevron employees by gender, where data is available, and by region as of December 31, 2022.
At December 31, 2022
FemaleMale
Gender data not available1
Total Employees
Number of EmployeesPercentageNumber of EmployeesPercentageNumber of EmployeesPercentageNumber of EmployeesPercentage
Non-Service Station Employees
U.S.5,343 27 %14,609 73 %23 — %19,975 46 %
Other Americas1,005 28 %2,536 71 %21 %3,562 %
Africa613 16 %3,246 84 %— %3,862 %
Asia2,420 34 %4,675 66 %32 — %7,127 16 %
Australia557 25 %1,629 74 %— %2,189 %
Europe433 28 %1,099 71 %11 %1,543 %
Total Non-Service Station Employees10,371 27 %27,794 73 %93 — %38,258 87 %
Service Station Employees2,121 38 %1,675 30 %1,792 32 %5,588 13 %
Total Employees12,492 28 %29,469 67 %1,885 4 %43,846 100 %
1 Includes employees where gender data was not collected or employee chose not to disclose gender.
Hiring, Development and Retention
The company’s approach to attracting, developing and retaining a global, diverse workforce of high-performing talent is anchored in a long-term employment model that fosters an environment of personal growth and engagement. Chevron’s philosophy is to offer compelling career opportunities and a competitive total compensation and benefits package linked to individual and enterprise performance. Chevron recruits new employees in part through partnerships with universities and diversity associations. In addition, the company recruits experienced hires to provide specialized skills.
Chevron’s learning and development programs are designed to help employees achieve their full potential by building technical, operating and leadership capabilities at all levels to produce energy safely, reliably and efficiently. Chevron’s leadership regularly reviews metrics on employee training and development programs, which are continually refined to meet the needs of our evolving business. The company invests in developing leadership at every level. For example, Chevron expanded a coaching program that reaches deeper into the organization, including frontline supervisors, managers and individual contributors.
In addition, to ensure business continuity, leadership regularly reviews the talent pipeline, identifies and develops succession candidates, and builds succession plans for key positions. The Board of Directors provides oversight of CEO and executive succession planning.
Management routinely reviews the retention of its professional population, which includes executives, all levels of management, and the majority of its regular employee population. The annual voluntary attrition for this population was 4.5 percent, which is in line with rates over a five-year comparison period. The voluntary attrition rate generally excludes employee departures under enterprise-wide restructuring programs. Chevron believes its low voluntary attrition rate is in part a result of the company’s commitment to employee development, its long-term employment model, competitive pay and benefits, and its culture.

4


Diversity and Inclusion
Chevron believes human ingenuity has the power to solve difficult problems when diverse people, ideas and experiences come together in an inclusive environment. Chevron reinforces the values of diversity and inclusion through recruitment and talent development, equitable selection processes, community partnerships and supplier diversity. Chevron strives to build an inclusive environment through innovative programs such as the company’s MARC (Men Advocating Real Change) program launched in 2017, in partnership with the non-profit organization Catalyst, to facilitate discussions on gender equity in the workplace. MARC is active in over 35 Chevron locations on six continents around the world with over 5,000 participants since inception. Also, when hiring for a position, many selection processes now include inclusion counselors who help check against unconscious biases and provide outside perspectives.
Chevron’s leadership development also reflects Chevron’s diversity focus. In 2022, Chevron offered numerous leadership programs to promote leadership diversity, including the Global Women’s Leadership Development Program, Transformational Leadership for Multicultural Women, Executive Leadership Council (U.S. Black employees), Asia Pacific Leadership Development Program, Asian American Leadership Development Program, and Latino Leadership Development Program. In addition, Chevron has 11 employee networks (voluntary groups of employees that come together based on shared identity or interests) and a Chairman’s Inclusion Council, which provides the employee network presidents with a direct line of communication to the Chairman and Chief Executive Officer, the Chief Human Resources Officer, the Chief Diversity and Inclusion Officer, and the executive leadership team to collaborate and discuss how employee networks can reinforce Chevron’s values of diversity and inclusion.
Employee Engagement
Employee engagement is an indicator of employee well-being and commitment to the company’s values, purpose and strategies. Chevron regularly conducts employee surveys to assess the health of the company’s culture; recent surveys indicate high employee engagement. Chevron’s survey frequency enables the company to better understand employee sentiment throughout the year and gain insights into employee well-being. The company also introduced surveys to understand employee experience trends throughout the employee lifecycle.
Chevron prioritizes the health, safety and well-being of its employees. Chevron’s safety culture empowers every member of its workforce to exercise stop-work authority without repercussion to address any potential unsafe work conditions. The company has set clear expectations for leaders to deliver operational excellence by demonstrating their commitment to prioritizing the safety and health of its workforce, and the protection of communities, the environment and the company’s assets. Additionally, the company offers long-standing employee support programs such as Ombuds, an independent resource designed to equip employees with options to address and resolve workplace issues; a company hotline, where employees can report concerns to the Corporate Compliance department; and an Employee Assistance Program, a confidential consulting service that can help employees resolve a broad range of personal, family and work-related concerns. In February, Chevron received the 2023 Platinum Bell Seal for Workplace Mental Health by Mental Health America. The Bell Seal is a first-of-its-kind workplace mental health certification that recognizes employers who strive to create mentally healthy workplaces for their employees.











5


Description of Business and Properties
The upstream and downstream activities of the company and its equity affiliates are widely dispersed geographically, with operations and projects* in North America, South America, Europe, Africa, Asia and Australia. These activities are managed by the Oil, Products and Gas organization. Tabulations of segment sales and other operating revenues, earnings, assets, and income taxes for the three years ending December 31, 2022, and assets as of the end of 2022 and 2021 — for the United States and the company’s international geographic areas — are in Note 14 Operating Segments and Geographic Data to the Consolidated Financial Statements. Similar comparative data for the company’s investments in and income from equity affiliates and property, plant and equipment are in Note 15 Investments and Advances and Note 18 Property, Plant and Equipment. Refer to Management’s Discussion and Analysis of Financial Condition and Results of Operations for a discussion of the company’s Capital Expenditures.

Upstream
Reserves
Refer to Table V for a tabulation of the company’s proved reserves by geographic area, at the beginning of 2020 and at each year-end from 2020 through 2022. Reserves governance, technologies used in establishing proved reserves additions, and major changes to proved reserves by geographic area for the three-year period ended December 31, 2022, are summarized in the discussion for Table V. Discussion is also provided regarding the nature of, status of, and planned future activities associated with the development of proved undeveloped reserves. The company recognizes reserves for projects with various development periods, sometimes exceeding five years. The external factors that impact the duration of a project include scope and complexity, remoteness or adverse operating conditions, infrastructure constraints, and contractual limitations.
At December 31, 2022, 36 percent of the company’s net proved oil-equivalent reserves were located in the United States, 16 percent were located in Australia and 14 percent were located in Kazakhstan.
The net proved reserve balances at the end of each of the three years 2020 through 2022 are shown in the following table:
At December 31
202220212020
Crude Oil, Condensate and Synthetic Oil  — Millions of barrels
Consolidated Companies3,868 3,821 3,766 
Affiliated Companies1,129 1,254 1,553 
Total Crude Oil, Condensate and Synthetic Oil4,997 5,075 5,319 
Natural Gas Liquids  — Millions of barrels
Consolidated Companies1,002 935 709 
Affiliated Companies86 103 119 
Total Natural Gas Liquids1,088 1,038 828 
Natural Gas — Billions of cubic feet
Consolidated Companies28,765 28,314 27,006 
Affiliated Companies2,099 2,594 2,916 
Total Natural Gas30,864 30,908 29,922 
Oil-Equivalent — Millions of barrels1
Consolidated Companies9,664 9,475 8,976 
Affiliated Companies1,565 1,789 2,158 
Total Oil-Equivalent11,229 11,264 11,134 
1 Oil-equivalent conversion ratio is 6,000 cubic feet of natural gas = 1 barrel of crude oil.
________________________________________________________
*    As used in this report, the term “project” may describe new upstream development activity, individual phases in a multiphase development, maintenance activities, certain existing assets, new investments in downstream and chemicals capacity, investments in emerging and sustainable energy activities, and certain other activities. All of these terms are used for convenience only and are not intended as a precise description of the term “project” as it relates to any specific governmental law or regulation.

6


Average Sales Prices and Production Costs per Unit of Production
Refer to Table IV for the company’s average sales price per barrel of crude (including crude oil and condensate) and natural gas liquids and per thousand cubic feet of natural gas produced, and the average production cost per oil-equivalent barrel for 2022, 2021 and 2020.
Gross and Net Productive Wells
The following table summarizes gross and net productive wells at year-end 2022 for the company and its affiliates:
At December 31, 2022
Productive Oil Wells1
Productive Gas Wells1
Gross Net Gross Net
United States34,834 27,364 2,078 1,712 
Other Americas1,144 708 266 176 
Africa1,623 635 46 17 
Asia1,764 779 1,431 436 
Australia532 299 109 29 
Europe38 — — 
Total Consolidated Companies39,935 29,792 3,930 2,370 
Affiliates2
1,677 607 — — 
Total Including Affiliates41,612 30,399 3,930 2,370 
Multiple completion wells included above715 411 147 115 
1 Gross wells represent the total number of wells in which Chevron has an ownership interest. Net wells represent the sum of Chevron’s ownership interest in gross wells.
2 Includes gross 1,427 and net 482 productive oil wells for interests accounted for by the non-equity method.

Production Outlook
The company estimates its average worldwide oil-equivalent production in 2023, assuming a Brent crude oil price of $80 per barrel, to be flat to up three percent compared to 2022. This estimate is subject to many factors and uncertainties, as described beginning on page 36. Refer to the Review of Ongoing Exploration and Production Activities in Key Areas for a discussion of the company’s major crude oil and natural gas development projects.
Acreage
At December 31, 2022, the company owned or had under lease or similar agreements undeveloped and developed crude oil and natural gas properties throughout the world. The geographical distribution of the company’s acreage is shown in the following table:
Undeveloped2
Developed Developed and Undeveloped
Thousands of acres1
Gross Net Gross Net Gross Net
United States3,784 3,277 3,909 2,565 7,693 5,842 
Other Americas19,322 11,109 1,088 239 20,410 11,348 
Africa10,286 5,695 1,884 793 12,170 6,488 
Asia16,850 6,795 1,105 430 17,955 7,225 
Australia2,853 1,933 2,069 815 4,922 2,748 
Europe103 20 15 118 23 
Total Consolidated Companies53,198 28,829 10,070 4,845 63,268 33,674 
Affiliates3
695 286 109 50 804 336 
Total Including Affiliates53,893 29,115 10,179 4,895 64,072 34,010 
1 Gross acres represent the total number of acres in which Chevron has an ownership interest. Net acres represent the sum of Chevron’s ownership interest in gross acres.
2 The gross undeveloped acres that will expire in 2023, 2024 and 2025 if production is not established by certain required dates are 4,387, 996, and 1,412, respectively.
3 Includes gross 405 and net 141 undeveloped and gross 19 and net 5 developed acreage for interests accounted for by the non-equity method.
7


Net Production of Crude Oil, Natural Gas Liquids and Natural Gas
The following table summarizes the net production of crude oil, natural gas liquids and natural gas for 2022 and 2021 by the company and its affiliates. Worldwide oil-equivalent production of 3 million barrels per day in 2022 was down approximately 3 percent from 2021. International production decreased 7 percent in 2022 primarily due to the end of concessions in Thailand and Indonesia, while U.S. production increased 4 percent compared to 2021, mainly in the Permian Basin. Refer to the Results of Operations section for a detailed discussion of the factors explaining the changes in production for liquids (including crude oil, condensate, natural gas liquids and synthetic oil) and natural gas, and refer to Table V for information on annual production by geographical region.
Components of Oil-Equivalent
Oil-EquivalentCrude OilNatural Gas LiquidsNatural Gas
Thousands of barrels per day (MBPD)
(MBPD)1
(MBPD)2
(MBPD)(MMCFPD)
Millions of cubic feet per day (MMCFPD)20222021202220212022202120222021
United States1,181 1,139 650 643 238 215 1,758 1,689 
Other Americas
Argentina
40 33 35 28  — 34 31 
Brazil
   —  — 
Canada3
139 161 109 129 7 135 150 
Total Other Americas179 197 144 160 7 169 181 
Africa
Angola
70 78 57 65 4 49 52 
Equatorial Guinea56 52 12 12 7 223 204 
Nigeria
152 165 101 118 6 266 246 
Republic of Congo
31 39 28 36 1 11 13 
Total Africa309 334 198 231 18 18 549 515 
Asia
Bangladesh
118 112 2  — 696 655 
China
28 30 10 12  — 109 104 
Indonesia4
3 67 1 62  — 18 30 
Israel101 91 1  — 602 541 
Kazakhstan
40 41 24 24  — 96 103 
Kurdistan Region of Iraq1 1     
Myanmar
17 15  —  — 94 92 
Partitioned Zone60 58 58 56  — 7 
Thailand4
67 163 18 41  — 298 736 
Total Asia435 579 115 200  — 1,920 2,268 
Australia
 Australia482 449 42 43  — 2,643 2,434 
Total Australia482 449 42 43  — 2,643 2,434 
Europe
United Kingdom14 14 13 13  — 9 
Total Europe14 14 13 13  — 9 
Total Consolidated Companies2,600 2,712 1,162 1,290 263 240 7,048 7,093 
Affiliates5
399 387 278 263 16 21 629 616 
Total Including Affiliates6
2,999 3,099 1,440 1,553 279 261 7,677 7,709 
1 Oil-equivalent conversion ratio is 6,000 cubic feet of natural gas = 1 barrel of crude oil.
2 Includes crude oil, condensate and synthetic oil.
3 Includes synthetic oil:
45 5545 55   — 
4 Chevron concessions expired in 2021 (Indonesia) and 2022 (Thailand).
5 Volumes represent Chevron’s share of production by affiliates, including Tengizchevroil in Kazakhstan and Angola LNG in Angola.
6 Volumes include natural gas consumed in operations of 570 million and 592 million cubic feet per day in 2022 and 2021, respectively. Total “as sold” natural gas volumes were 7,107 million and 7,117 million cubic feet per day for 2022 and 2021, respectively.
Delivery Commitments
The company sells crude oil and natural gas from its producing operations under a variety of contractual obligations. Most contracts generally commit the company to sell quantities based on production from specified properties, but some natural gas and crude oil sales contracts specify delivery of fixed and determinable quantities.
8


In the United States, the company is contractually committed to deliver approximately 7 million barrels of crude oil and 729 billion cubic feet of natural gas to third parties from 2023 through 2025. The company believes it can satisfy these contracts through a combination of equity production from the company’s proved developed U.S. reserves and third-party purchases. These commitments are primarily based on contracts with indexed pricing terms.
Outside the United States, the company is contractually committed to deliver a total of 2.8 trillion cubic feet of natural gas to third parties from 2023 through 2025 from operations in Australia and Israel. The Australia sales contracts contain variable pricing formulas that generally reference the prevailing market price for crude oil, natural gas or other petroleum products at the time of delivery. The sales contracts for Israel contain formulas that generally reflect an initial base price subject to price indexation, Brent-linked or other, over the life of the contract. The company believes it can satisfy these contracts from quantities available from production of the company’s proved developed reserves in these countries.
Development Activities
Refer to Table I for details associated with the company’s development expenditures and costs of proved property acquisitions for 2022, 2021 and 2020.
The following table summarizes the company’s net interest in productive and dry development wells completed in each of the past three years, and the status of the company’s development wells drilling at December 31, 2022. A “development well” is a well drilled within the known area of a crude oil or natural gas reservoir to the depth of a stratigraphic horizon known to be productive.
Wells Drilling*Net Wells Completed
at 12/31/22202220212020
Gross Net Prod. Dry Prod. Dry Prod. Dry
United States185 98 454 2 319 539 
Other Americas7 5 35  54 — 27 — 
Africa3 1 6  — — 
Asia23 8 32 1 35 — 94 
Australia  1  — — — — 
Europe  1  — — 
Total Consolidated Companies218 112 529 3 413 666 
Affiliates13 1 6  — 13 — 
Total Including Affiliates231 113 535 3 421 679 
* Gross wells represent the total number of wells in which Chevron has an ownership interest. Net wells represent the sum of Chevron’s ownership interest in gross wells.
 
 
Exploration Activities
Refer to Table I for detail on the company’s exploration expenditures and costs of unproved property acquisitions for 2022, 2021 and 2020.
The following table summarizes the company’s net interests in productive and dry exploratory wells completed in each of the last three years, and the number of exploratory wells drilling at December 31, 2022. “Exploratory wells” are wells drilled to find and produce crude oil or natural gas in unknown areas and include delineation and appraisal wells, which are wells drilled to find a new reservoir in a field previously found to be productive of crude oil or natural gas in another reservoir or to extend a known reservoir.
Wells Drilling*Net Wells Completed
at 12/31/22202220212020
Gross Net Prod. Dry Prod. Dry Prod. Dry
United States1  3 2 
Other Americas1  1 1 — — 
Africa  1  — — — — 
Asia3 2 2  — — — — 
Australia    — — — — 
Europe    — — — — 
Total Consolidated Companies5 2 7 3 
Affiliates    — — — — 
Total Including Affiliates5 2 7 3 
* Gross wells represent the total number of wells in which Chevron has an ownership interest. Net wells represent the sum of Chevron’s ownership interest in gross wells.
9


Review of Ongoing Exploration and Production Activities in Key Areas
Chevron has exploration and production activities in many of the world’s major hydrocarbon basins. Chevron’s 2022 key upstream activities, some of which are also discussed in the section Management’s Discussion and Analysis of Financial Condition and Results of Operations, are presented below. The comments include references to “total production” and “net production,” which are defined under “Production” in Exhibit 99.1.
The discussion that follows references the status of proved reserves recognition for significant long-lead-time projects not on production as well as for projects recently placed on production. Reserves are not discussed for exploration activities or recent discoveries that have not advanced to a project stage, or for mature areas of production that do not have individual projects requiring significant levels of capital or exploratory investment.
United States
Upstream activities in the United States are primarily located in Texas, New Mexico, Colorado, California, and the Gulf of Mexico. Acreage for the United States can be found in the Acreage table. Net daily oil-equivalent production in the United States can be found in the Net Production of Crude Oil, Natural Gas Liquids and Natural Gas table.
As one of the largest producers in the Permian Basin, Chevron continues to capitalize on its advantaged portfolio in west Texas and southeast New Mexico with an outlook of one million barrels of net oil equivalent production per day by 2025. The asset is comprised of stacked formations enabling production from multiple geologic zones from single surface locations and staging the development for optimized capacity utilization of facilities and infrastructure. The company has implemented a factory development strategy utilizing multi-well pads to drill a series of horizontal wells that are subsequently completed concurrently using hydraulic fracture stimulation. This manufacturing-style process, combined with advantaged acreage holdings and technological advancements, have enabled capital expenditure productivity improvements. Continued operational efficiencies and diversified land assets via non-operated joint ventures and royalty positions have also contributed to higher returns throughout the Permian portfolio. In addition to ongoing emission reduction and water handling initiatives, construction of a 50 percent joint venture solar power project in New Mexico to supply renewable energy for our oil and gas operations was completed and is expected to be operational in the first half of 2023. In 2022, Chevron’s net daily unconventional production in the Permian Basin averaged 327,000 barrels of crude oil, 184,000 barrels of natural gas liquids (NGLs) and 1.2 billion cubic feet of natural gas.
Chevron divested its assets in the Eagle Ford Shale in Texas in March 2022.
In Colorado, development in the Denver-Julesburg (DJ) Basin is primarily focused on Chevron’s Mustang and Wells Ranch areas where the company’s comprehensive drilling plans allow for efficient resource development. In 2022, Chevron’s net daily production in the DJ Basin averaged 53,000 barrels of crude oil, 37,000 barrels of NGLs and 325 million cubic feet of natural gas.
Chevron also has operations in Colorado’s Piceance Basin, as well as an acreage position in Wyoming.
In 2022, 53 wells in Texas and 29 wells in Colorado achieved Project Canary’s highest certification rating on operational and environmental performance, allowing Chevron to market responsibly sourced natural gas.
In 2022, Chevron was one of the largest crude oil producers in California with a net daily oil equivalent production of 87,800 barrels. The California operations support Chevron’s efforts to progress its lower carbon technologies with investments in geothermal and carbon capture pilots. These include the Baseload Capital pilot to utilize waste heat from existing oilfield operations and the Svante pilot to capture carbon dioxide from combustion of natural gas. These pilots leverage innovative technologies and have the potential to scale across our operations. The Baseload Capital and Svante pilots became operational in the third and fourth quarters of 2022, respectively.
During 2022, net daily production in the Gulf of Mexico averaged 172,000 barrels of crude oil, 12,000 barrels of NGLs and 101 million cubic feet of natural gas. Chevron is engaged in various operated and nonoperated exploration, development and production activities in the deepwater Gulf of Mexico. Chevron also holds nonoperated interests in several shelf fields.
The deepwater Jack and St. Malo fields are being jointly developed with a host floating production unit located between the two fields. Chevron has a 50 percent interest in the Jack Field and a 51 percent interest in the St. Malo Field. Both fields are company operated. The company has a 40.6 percent interest in the production host facility, which is designed to accommodate production from the Jack/St. Malo development and third-party tiebacks. Additional development opportunities for the Jack and St. Malo fields progressed in 2022. The St. Malo Stage 4 waterflood project includes two new production wells, three injector wells, and topsides water injection equipment at the St. Malo Field. First water
10


injection is expected in 2024. Additional Jack development in 2022 consisted of a single well tieback and related subsea infrastructure installation. The Stage 4 multiphase subsea pump project replaces the single-phase subsea pumps in both the Jack and St. Malo fields. Multiphase pump module installation commenced in 2022. Proved reserves have been recognized for the multiphase subsea pump project. The Jack and St. Malo fields have an estimated remaining production life of more than 20 years.
The company has a 15.6 percent nonoperated working interest in the deepwater Mad Dog Field. First oil from the Mad Dog 2 Project is expected to commence in 2023. Proved reserves have been recognized for the Mad Dog 2 Project.
Chevron has a 60 percent-owned and operated interest in the Big Foot project, located in the deepwater Walker Ridge area. Development drilling activities are ongoing, with an additional production well that came online in 2022. The project has an estimated remaining production life of more than 30 years.
The company has a 58 percent-owned and operated interest in the deepwater Tahiti Field. The Tahiti Field has an estimated remaining production life of more than 20 years.
Chevron has a 25 percent nonoperated working interest in the Stampede Field, which is located in the Green Canyon area. The Stampede Field has an estimated remaining production life of 25 years.
Chevron has owned and operated interests of 62.9 to 75.4 percent in the unit areas containing the Anchor field. Stage 1 of the Anchor development consists of a seven-well subsea development and a semi-submersible floating production unit. The company successfully drilled the first development well to a total measured depth of 33,500 feet in 2022. Proved reserves have been recognized for Anchor, with first production expected in 2024.
Chevron has a 60 percent-owned and operated interest in the Ballymore Field located in the Mississippi Canyon, which is being developed as a subsea tieback to the existing Blind Faith facility. Chevron reached a final investment decision for Ballymore in May 2022. This project includes three production wells, with first oil expected in 2025. Proved reserves have been recognized for this project.
The company has a 40 percent nonoperated working interest in the Whale discovery located in the Perdido area. First production is expected for Whale in 2024 and proved reserves have been recognized for this project.
During 2022, the company participated in six exploration wells in the deepwater U.S. Gulf of Mexico. Chevron was also formally awarded 34 leases during 2022 as a result of U.S. Gulf of Mexico lease sale 257.
In May 2022, Chevron acquired a 50 percent interest in the Bayou Bend Carbon Capture and Sequestration hub in the Gulf of Mexico, covering over 40,000 acres.
Other Americas
“Other Americas” includes Argentina, Brazil, Canada, Colombia, Mexico, Suriname and Venezuela. Acreage for “Other Americas” can be found in the Acreage table. Net daily oil-equivalent production from these countries can be found in the Net Production of Crude Oil, Natural Gas Liquids and Natural Gas table.
Argentina Chevron has a 50 percent nonoperated interest in the Loma Campana and Narambuena concessions in the Vaca Muerta Shale. At Loma Compana, 49 horizontal wells were drilled in 2022, with 46 wells in total put on production. This concession expires in 2048, and the Narambuena concession expires in 2027.
Chevron also owns and operates a 100 percent interest in the El Trapial Field with both conventional waterflood and Vaca Muerta unconventional shale production. The conventional field concession expires in 2032.
In April 2022, Chevron was granted a new unconventional concession where it will operate the East area of the El Trapial Field in the Vaca Muerta shale formation, with a three-year pilot where it is expected to drill and complete five wells. Drilling operations began in August 2022 with three horizontal wells drilled in 2022. The unconventional concession expires in 2057.
Brazil Chevron holds between 30 and 50 percent of both operated and nonoperated interests in 11 blocks within the Campos and Santos Basins. Chevron is in the process of relinquishing the Saturno block in the Santos Basin, in which it holds a 45 percent nonoperated working interest. Chevron participated in two exploration wells in 2022.
Canada Upstream interests in Canada are concentrated in Alberta and the offshore Atlantic region of Newfoundland and Labrador. The company also has interests in the Northeast British Columbia and the Beaufort Sea region of the Northwest Territories.
11


The company has a 20 percent nonoperated working interest in the Athabasca Oil Sands Project (AOSP) and associated Quest carbon capture and storage project in Alberta. Oil sands are mined from both the Muskeg River and the Jackpine mines, and bitumen is extracted from the oil sands and upgraded into synthetic oil. Carbon dioxide (CO2) emissions from the upgrader are reduced by carbon capture and storage facilities.
Chevron has a 70 percent-owned and operated interest in most of its Duvernay shale acreage. By the end of 2022, a total of 243 wells have been tied into production facilities.
Chevron has a 26.9 percent nonoperated working interest in the Hibernia Field and a 24.1 percent nonoperated working interest in the unitized Hibernia Southern Extension areas offshore Atlantic Canada. The company has a 29.6 percent nonoperated working interest in the heavy oil Hebron Field, also offshore Atlantic Canada, which has an expected remaining economic life of 25 years.
The company has a 25 percent nonoperated working interest in blocks EL 1168 and EL 1148 located in offshore Atlantic Canada.
Colombia Chevron has a 40 percent-owned and operated interest in the offshore Colombia-3 and Guajira Offshore-3 Blocks.
Mexico The company has a 37.5 percent-owned and operated interest in Block 22 in the Cuenca Salina area in the deepwater Gulf of Mexico. The company also holds a 40 percent nonoperated interest in Blocks 20, 21 and 23. Chevron participated in one exploration well in 2022. Chevron, as operator of the joint venture, is in the process of relinquishing Block 3 in the Perdido area of the Gulf of Mexico, in which it holds a 33.3 percent-owned and operated interest.
Suriname Chevron has a 40 percent owned and operated working interest in Block 5. Chevron also holds a 33.3 percent nonoperated working interest in deepwater Block 42 where one exploration well was drilled during 2022. In April 2022, Chevron signed a production sharing contract (PSC) for the shallow water Block 7 with an 80 percent owned and operated working interest.
Venezuela Chevron’s interests in Venezuela are located in western Venezuela, the Orinoco Belt and offshore Venezuela. As of December 31, 2022, no proved reserves are recognized for these interests. In 2022, the company conducted activities in Venezuela consistent with the authorization provided pursuant to general licenses issued by the United States government. In November 2022, the Department of Treasury’s Office of Foreign Assets Control issued a six-month self-renewing general license authorizing the company to lift production from its four nonoperated affiliate joint ventures in Venezuela for delivery to the United States.
Chevron has a 39.2 percent interest in Petroboscan, which operates the Boscan Field in western Venezuela under an agreement expiring in 2026. Chevron has a 30 percent interest in Petropiar, which operates the heavy oil Huyapari Field under an agreement expiring in 2033. Chevron also holds a 25.2 percent interest in Petroindependiente, which operates the LL-652 Field in Lake Maracaibo under a contract expiring in 2026, and a 35.8 percent interest in Petroindependencia, which includes the Carabobo 3 heavy oil project located in three blocks in the Orinoco Belt. The Petroindependencia contract expires in 2035.
Chevron also operates and holds a 60 percent interest in the Loran gas field offshore Venezuela. This is part of a cross- border field that includes the Manatee field in Trinidad and Tobago. This license expires in 2039.
Africa
In Africa, the company is engaged in upstream activities in Angola, the Republic of Congo, Cameroon, Egypt, Equatorial Guinea, Namibia and Nigeria. Acreage for Africa can be found in the Acreage table. Net daily oil-equivalent production from these countries can be found in the Net Production of Crude Oil, Natural Gas Liquids and Natural Gas table.
Angola The company operates and holds a 39.2 percent interest in Block 0, a concession adjacent to the Cabinda coastline. The Block 0 partners and National Concessionaire signed an extension for an additional 20 years in December 2021. This extension to 2050 is subject to legislative approvals.
Chevron also operates and holds a 31 percent interest in a PSC for deepwater Block 14 which expires in 2028.
Chevron has a 36.4 percent interest in Angola LNG Limited, which operates an onshore natural gas liquefaction plant in Soyo, Angola. The plant has the capacity to process 1.1 billion cubic feet of natural gas per day. This is the world’s first liquefied natural gas (LNG) plant supplied with associated gas, where the natural gas is a byproduct of crude oil production. Feedstock for the plant originates from multiple fields and operators.
12


The Block 0 Sanha Lean Gas Connection Project (SLGC) execution continues and is expected to be completed in 2024. SLGC is a new platform that ties the existing complex to new connecting pipelines for gathering and exporting gas from Blocks 0 and 14 to Angola LNG.
In October 2022, first oil was announced for Lifua A in Block 0, which is the first stage of waterflood development in the Lifua field using a low-cost, short cycle solution that leverages existing infrastructure. In November 2022, South N’Dola, located in Area B of Block 0, reached final investment decision and will apply the same low-cost, short cycle solution as Lifua A.
In July 2022, a final investment decision was announced on the Quiluma and Maboqueiro (Q&M) development, part of the New Gas Consortium Project (NGC) in which Chevron has a 31 percent nonoperated working interest. NGC is an offshore gas concession in which the Q&M fields will be the first to be developed. The Q&M scope includes two wellhead platforms and an onshore gas treatment plant with connections to the Angola LNG plant. Proved reserves have not been recognized for this project.
Angola-Republic of Congo Joint Development Area Chevron operates and holds a 31.3 percent interest in the Lianzi Unitization Zone, which is located in an area shared equally by Angola and the Republic of Congo. This interest expires in 2031.
Republic of Congo Chevron has a 31.5 percent nonoperated working interest in the offshore Haute Mer permit area. The permits for Nkossa, Nsoko and Moho-Bilondo were extended in 2022 and now expire in 2040. Reserves have been recognized for the lease extension.
Cameroon Chevron owns and operates the YoYo Block in the Douala Basin. Preliminary development plans include a possible joint development between YoYo and the Yolanda field in Equatorial Guinea.
Egypt In the Mediterranean Sea, Chevron holds a