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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 123 123 123 [1]        
PDC Energy, Inc. acquisition 6,520 6,520 2,550 [1]     3,970  
Net income (loss) 19,168 19,110   19,110     58
Cash dividends (8,581) (8,527)   (8,527)     (54)
Stock dividends (7) (7)   (7)      
Other comprehensive income 201 201     201    
Purchases of treasury shares (11,631) (11,631)       (11,631)  
Issuances of treasury shares 237 237 20 [1]     $ 217  
Other changes, net (24) (43) $ (36) [1] (7)     19
Purchases (in shares)     (70,455,234,000,000)     (70,455,234,000,000)  
Issuances (in shares)     42,987,556,000,000     42,987,556,000,000  
Ending balance at Sep. 30, 2023 166,248 165,265 $ 22,909 [1] 200,593 (2,597) $ (55,640) 983
Beginning balance, shares issued (in shares) at Dec. 31, 2022 [2]     2,442,676,580,000,000        
Beginning balance, treasury shares (in shares) at Dec. 31, 2022           (527,460,237,000,000)  
Beginning balance, shares outstanding (in shares) at Dec. 31, 2022     1,915,216,343,000,000        
Ending balance, shares issued (in shares) at Sep. 30, 2023 [2]     2,442,676,580,000,000        
Ending balance, treasury shares (in shares) at Sep. 30, 2023           (554,927,915,000,000)  
Ending balance, shares outstanding (in shares) at Sep. 30, 2023     1,887,748,665,000,000        
Beginning balance at Jun. 30, 2023 159,298 158,325 $ 20,350 [1] 196,926 (2,711) $ (56,240) 973
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Treasury stock transactions 43 43 43 [1]        
PDC Energy, Inc. acquisition 6,520 6,520 2,550 [1]     3,970  
Net income (loss) 6,555 6,526   6,526     29
Cash dividends (2,897) (2,852)   (2,852)     (45)
Stock dividends (6) (6)   (6)      
Other comprehensive income 114 114     114    
Purchases of treasury shares (3,424) (3,424)       (3,424)  
Issuances of treasury shares 56 56 2 [1]     $ 54  
Other changes, net (11) (37) $ (36) [1] (1)     26
Purchases (in shares)     (20,721,774,000,000)     (20,721,774,000,000)  
Issuances (in shares)     41,225,221,000,000     41,225,221,000,000  
Ending balance at Sep. 30, 2023 166,248 165,265 $ 22,909 [1] 200,593 (2,597) $ (55,640) 983
Beginning balance, shares issued (in shares) at Jun. 30, 2023 [2]     2,442,676,580,000,000        
Beginning balance, treasury shares (in shares) at Jun. 30, 2023           (575,431,362,000,000)  
Beginning balance, shares outstanding (in shares) at Jun. 30, 2023     1,867,245,218,000,000        
Ending balance, shares issued (in shares) at Sep. 30, 2023 [2]     2,442,676,580,000,000        
Ending balance, treasury shares (in shares) at Sep. 30, 2023           (554,927,915,000,000)  
Ending balance, shares outstanding (in shares) at Sep. 30, 2023     1,887,748,665,000,000        
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 251 251 251 [1]        
Net income (loss) 14,490 14,422   14,422     68
Cash dividends (9,124) (8,914)   (8,914)     (210)
Stock dividends (17) (17)   (17)      
Other comprehensive income 135 135     135    
Purchases of treasury shares [3] (10,833) (10,833)       (10,833)  
Issuances of treasury shares 214 214 $ (38) [1]     $ 252  
Other changes, net (15) (13)   (13)     (2)
Purchases (in shares)     (70,981,509,000,000)     (70,981,509,000,000)  
Issuances (in shares)     2,425,030,000,000     2,425,030,000,000  
Ending balance at Sep. 30, 2024 $ 157,030 156,202 $ 23,170 [1] 205,503 (2,825) $ (69,646) 828
Beginning balance, shares issued (in shares) at Dec. 31, 2023 2,442,676,580   2,442,676,580,000,000 [2]        
Beginning balance, treasury shares (in shares) at Dec. 31, 2023 (577,028,776)         (577,028,776,000,000)  
Beginning balance, shares outstanding (in shares) at Dec. 31, 2023     1,865,647,804,000,000        
Ending balance, shares issued (in shares) at Sep. 30, 2024 2,442,676,580   2,442,676,580,000,000 [2]        
Ending balance, treasury shares (in shares) at Sep. 30, 2024 (645,585,255)         (645,585,255,000,000)  
Ending balance, shares outstanding (in shares) at Sep. 30, 2024     1,797,091,325,000,000        
Beginning balance at Jun. 30, 2024 $ 160,263 159,233 $ 23,087 [1] 203,960 (2,924) $ (64,890) 1,030
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Treasury stock transactions 86 86 86 [1]        
Net income (loss) 4,496 4,487   4,487     9
Cash dividends (3,136) (2,933)   (2,933)     (203)
Stock dividends (6) (6)   (6)      
Other comprehensive income 99 99     99    
Purchases of treasury shares [3] (4,797) (4,797)       (4,797)  
Issuances of treasury shares 38 38 $ (3) [1]     $ 41  
Other changes, net (13) (5)   (5)     (8)
Purchases (in shares)     (32,209,398,000,000)     (32,209,398,000,000)  
Issuances (in shares)     383,610,000,000     383,610,000,000  
Ending balance at Sep. 30, 2024 $ 157,030 $ 156,202 $ 23,170 [1] $ 205,503 $ (2,825) $ (69,646) $ 828
Beginning balance, shares issued (in shares) at Jun. 30, 2024 [2]     2,442,676,580,000,000        
Beginning balance, treasury shares (in shares) at Jun. 30, 2024           (613,759,467,000,000)  
Beginning balance, shares outstanding (in shares) at Jun. 30, 2024     1,828,917,113,000,000        
Ending balance, shares issued (in shares) at Sep. 30, 2024 2,442,676,580   2,442,676,580,000,000 [2]        
Ending balance, treasury shares (in shares) at Sep. 30, 2024 (645,585,255)         (645,585,255,000,000)  
Ending balance, shares outstanding (in shares) at Sep. 30, 2024     1,797,091,325,000,000        
[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.