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CONSOLIDATED STATEMENT OF EQUITY (Unaudited) - USD ($)
$ in Millions
Total
Chevron Corp. Stockholders’ Equity
Common Stock
Retained Earnings
Accumulated Other Comp. Income (Loss)
Treasury Stock (at cost)
Non-Controlling Interests
Beginning balance at Dec. 31, 2022 $ 160,242 $ 159,282 $ 20,252 [1] $ 190,024 $ (2,798) $ (48,196) $ 960
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Treasury stock transactions 80 80 80 [1]        
Net income (loss) 12,613 12,584   12,584     29
Cash dividends (5,684) (5,675)   (5,675)     (9)
Stock dividends (1) (1)   (1)      
Other comprehensive income 87 87     87    
Purchases of treasury shares (8,207) (8,207)       (8,207)  
Issuances of treasury shares 181 181 $ 18 [1]     $ 163  
Other changes, net (13) (6)   (6)     (7)
Purchases (in shares)     (49,733,460)     (49,733,460)  
Issuances (in shares)     1,762,335     1,762,335  
Ending balance at Jun. 30, 2023 159,298 158,325 $ 20,350 [1] 196,926 (2,711) $ (56,240) 973
Beginning balance, shares issued (in shares) at Dec. 31, 2022 [2]     2,442,676,580        
Beginning balance, treasury shares (in shares) at Dec. 31, 2022           (527,460,237)  
Beginning balance, shares outstanding (in shares) at Dec. 31, 2022     1,915,216,343        
Ending balance, shares issued (in shares) at Jun. 30, 2023 [2]     2,442,676,580        
Ending balance, treasury shares (in shares) at Jun. 30, 2023           (575,431,362)  
Ending balance, shares outstanding (in shares) at Jun. 30, 2023     1,867,245,218        
Beginning balance at Mar. 31, 2023 160,434 159,449 $ 20,306 [1] 193,738 (2,741) $ (51,854) 985
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Treasury stock transactions 42 42 42 [1]        
Net income (loss) 6,008 6,010   6,010     (2)
Cash dividends (2,818) (2,818)   (2,818)      
Other comprehensive income 30 30     30    
Purchases of treasury shares (4,419) (4,419)       (4,419)  
Issuances of treasury shares 35 35 $ 2 [1]     $ 33  
Other changes, net (14) (4)   (4)     (10)
Purchases (in shares)     (27,314,816)     (27,314,816)  
Issuances (in shares)     344,770     344,770  
Ending balance at Jun. 30, 2023 159,298 158,325 $ 20,350 [1] 196,926 (2,711) $ (56,240) 973
Beginning balance, shares issued (in shares) at Mar. 31, 2023 [2]     2,442,676,580        
Beginning balance, treasury shares (in shares) at Mar. 31, 2023           (548,461,316)  
Beginning balance, shares outstanding (in shares) at Mar. 31, 2023     1,894,215,264        
Ending balance, shares issued (in shares) at Jun. 30, 2023 [2]     2,442,676,580        
Ending balance, treasury shares (in shares) at Jun. 30, 2023           (575,431,362)  
Ending balance, shares outstanding (in shares) at Jun. 30, 2023     1,867,245,218        
Beginning balance at Dec. 31, 2023 161,929 160,957 $ 22,957 [1] 200,025 (2,960) $ (59,065) 972
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Treasury stock transactions 165 165 165 [1]        
Net income (loss) 9,994 9,935   9,935     59
Cash dividends (5,988) (5,981)   (5,981)     (7)
Stock dividends (11) (11)   (11)      
Other comprehensive income 36 36     36    
Purchases of treasury shares [3] (6,036) (6,036)       (6,036)  
Issuances of treasury shares 176 176 $ (35) [1]     $ 211  
Other changes, net (2) (8)   (8)     6
Purchases (in shares)     (38,772,111)     (38,772,111)  
Issuances (in shares)     2,041,420     2,041,420  
Ending balance at Jun. 30, 2024 $ 160,263 159,233 $ 23,087 [1] 203,960 (2,924) $ (64,890) 1,030
Beginning balance, shares issued (in shares) at Dec. 31, 2023 2,442,676,580   2,442,676,580 [2]        
Beginning balance, treasury shares (in shares) at Dec. 31, 2023 (577,028,776)         (577,028,776)  
Beginning balance, shares outstanding (in shares) at Dec. 31, 2023     1,865,647,804        
Ending balance, shares issued (in shares) at Jun. 30, 2024 2,442,676,580   2,442,676,580 [2]        
Ending balance, treasury shares (in shares) at Jun. 30, 2024 (613,759,467)         (613,759,467)  
Ending balance, shares outstanding (in shares) at Jun. 30, 2024     1,828,917,113        
Beginning balance at Mar. 31, 2024 $ 161,656 160,625 $ 23,035 [1] 202,514 (2,965) $ (61,959) 1,031
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Treasury stock transactions 73 73 73 [1]        
Net income (loss) 4,443 4,434   4,434     9
Cash dividends (2,982) (2,978)   (2,978)     (4)
Stock dividends (5) (5)   (5)      
Other comprehensive income 41 41     41    
Purchases of treasury shares [3] (3,030) (3,030)       (3,030)  
Issuances of treasury shares 78 78 $ (21) [1]     $ 99  
Other changes, net (11) (5)   (5)     (6)
Purchases (in shares)     (19,034,424)     (19,034,424)  
Issuances (in shares)     942,504     942,504  
Ending balance at Jun. 30, 2024 $ 160,263 $ 159,233 $ 23,087 [1] $ 203,960 $ (2,924) $ (64,890) $ 1,030
Beginning balance, shares issued (in shares) at Mar. 31, 2024 [2]     2,442,676,580        
Beginning balance, treasury shares (in shares) at Mar. 31, 2024           (595,667,547)  
Beginning balance, shares outstanding (in shares) at Mar. 31, 2024     1,847,009,033        
Ending balance, shares issued (in shares) at Jun. 30, 2024 2,442,676,580   2,442,676,580 [2]        
Ending balance, treasury shares (in shares) at Jun. 30, 2024 (613,759,467)         (613,759,467)  
Ending balance, shares outstanding (in shares) at Jun. 30, 2024     1,828,917,113        
[1] Beginning and ending balances for all periods include capital in excess of par, common stock issued at par for $1,832, and $(240) associated with Chevron’s Benefit Plan Trust. Changes reflect capital in excess of par.
[2] Beginning and ending total issued share balances include 14,168,000 shares associated with Chevron’s Benefit Plan Trust for all periods.
[3] Includes excise tax on share repurchases.