Consolidated Balance Sheet (USD $) In Millions, unless otherwise specified	Dec. 31, 2011	Dec. 31, 2010
Assets
Cash and cash equivalents	$ 15,864	$ 14,060
Time deposits	3,958	2,855
Marketable securities	249	155
Accounts and notes receivable (less allowance: 2011 - $98; 2010 - $184)	21,793	20,759
Inventories:
Crude oil and petroleum products	3,420	3,589
Chemicals	502	395
Materials, supplies and other	1,621	1,509
Total inventories	5,543	5,493
Prepaid expenses and other current assets	5,827	5,519
Total Current Assets	53,234	48,841
Long-term receivables, net	2,233	2,077
Investments and advances	22,868	21,520
Properties, plant and equipment, at cost	233,432	207,367
Less: Accumulated depreciation, depletion and amortization	110,824	102,863
Properties, plant and equipment, net	122,608	104,504
Deferred charges and other assets	3,889	3,210
Goodwill	4,642	4,617
Total Assets	209,474	184,769
Liabilities and Equity
Total short-term debt	340	187
Accounts payable	22,147	19,259
Accrued liabilities	5,287	5,324
Federal and other taxes on income	4,584	2,776
Other taxes payable	1,242	1,466
Total Current Liabilities	33,600	29,012
Long-term debt	9,684	11,003
Capital lease obligations	128	286
Deferred credits and other noncurrent obligations	19,181	19,264
Noncurrent deferred income taxes	15,544	12,697
Reserves for employee benefit plans	9,156	6,696
Total Liabilities	87,293	78,958
Preferred stock (authorized 100,000,000 shares; $1.00 par value, none issued)
Common stock (authorized 6,000,000,000 shares; $.75 par value; 2,442,676,580 shares issued at December 31, 2011 and 2010)	1,832	1,832
Capital in excess of par value	15,156	14,796
Retained earnings	140,399	119,641
Accumulated other comprehensive loss	(6,022)	(4,466)
Deferred compensation and benefit plan trust	(298)	(311)
Treasury stock, at cost (2011 - 461,509,656 shares; 2010 - 435,195,799 shares)	(29,685)	(26,411)
Total Chevron Corporation Stockholders' Equity	121,382	105,081
Noncontrolling interests	799	730
Total Equity	122,181	105,811
Total Liabilities and Equity	$ 209,474	$ 184,769