Chevron Corporation, through its subsidiaries, engages in integrated energy and chemicals operations worldwide. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, production, and transportation of crude oil and natural gas; processing, liquefaction, transportation, and regasification associated with liquefied natural gas; transportation of crude oil through pipelines; and transportation, storage, and marketing of natural gas, as well as operates a gas-to-liquids plant. The Downstream segment engages in refining crude oil into petroleum products; marketing 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. It is also involved in the cash management and debt financing activities; insurance operations; real estate activities; and technology businesses. The company was formerly known as ChevronTexaco Corporation and changed its name to Chevron Corporation in 2005. Chevron Corporation was founded in 1879 and is based in San Ramon, California.

Chevron Corporation

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Crude Oil and Products

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Chemicals

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Properties, Plant and Equipment, at Cost

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Less: Accumulated Depreciation, Depletion and Amortization

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Goodwill

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Deferred Credits and Other Noncurrent Obligations

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Noncurrent Deferred Income Taxes

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Noncurrent Employee Benefit Plans

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Total Liabilities

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Common Stock

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Accounts Receivable

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Inventories

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Net Property, Plant & Equipment

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Revenue

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Adjusted EBT

Adjusted Funds From Operations

Assets	Jun '25	Dec '24	Jun '24	Dec '23	Jun '23	Dec '22
Cash and Cash Equivalents	4,061	6,781	4,008	8,178	9,292	17,678
Cash and Cash Equivalents
Short-Term Investments	5	4	—	45	318	223
Marketable Securities
Time Deposits
Total Cash and Cash Equivalents	4,066	6,785	4,008	8,223	9,610	17,901
Accounts Receivable	17,663	20,684	20,752	19,921	19,285	20,456
Accounts and Notes Receivable, Net
Total Trade Receivables	17,663	20,684	20,752	19,921	19,285	20,456
Inventories	8,813	9,074	10,477	8,612	9,198	8,247
Crude Oil and Products
Chemicals
Materials, Supplies and Other
Other Current Assets	4,149	4,368	4,132	4,372	4,697	3,739
Prepaid Expenses and Other Current Assets
Total Current Assets	34,691	40,911	39,369	41,128	42,790	50,343
Total Current Assets
Net Property, Plant & Equipment	147,442	147,799	153,003	153,619	142,768	143,591
Properties, Plant and Equipment, Net
Goodwill	4,568	4,578	4,722	4,722	4,722	4,722
Goodwill
Long-Term Investments	48,033	47,438	47,654	46,812	46,769	45,238
Investments and Advances
Other Long-Term Assets	16,086	16,212	15,896	15,351	14,730	13,815
Long-Term Receivables, Net
Deferred Charges and Other Assets
Assets Held for Sale
Total Assets	250,820	256,938	260,644	261,632	251,779	257,709
Total Assets

Liabilities	Jun '25	Dec '24	Jun '24	Dec '23	Jun '23	Dec '22
Accounts Payable	18,609	22,079	21,007	20,423	18,656	18,955
Accounts Payable
Accrued Expenses	8,117	8,486	9,054	7,655	7,262	7,486
Accrued Liabilities
Short-Term Debt	6,191	4,406	1,735	529	1,269	1,964
Short-Term Debt
Other Current Liabilities	1,910	3,587	2,231	3,651	2,660	5,803
Federal and Other Taxes on Income
Other Taxes Payable
Total Current Liabilities	34,827	38,558	34,027	32,258	29,847	34,208
Total Current Liabilities
Long-Term Debt	23,276	20,135	21,449	20,307	20,245	21,375
Long-Term Debt
Leases	—	—	—	—	—	—
Capital Lease Obligations
Other Long-Term Liabilities	45,459	45,088	44,905	47,138	42,389	41,884
Deferred Credits and Other Noncurrent Obligations
Noncurrent Deferred Income Taxes
Noncurrent Employee Benefit Plans
Total Long-Term Liabilities	68,735	65,223	66,354	67,445	62,634	63,259
Total Liabilities	103,562	103,781	100,381	99,703	92,481	97,467
Total Liabilities

Equity	Jun '25	Dec '24	Jun '24	Dec '23	Jun '23	Dec '22
Common Stock	1,832	1,832	1,832	1,832	1,832	1,832
Common Stock
Treasury Stock	-80,556	-74,277	-65,130	-59,305	-56,480	-48,436
Treasury Stock, at Cost
Deferred Compensation and Benefit Plan Trust
Additional Paid-in Capital	21,803	21,671	21,495	21,365	18,758	18,660
Capital in Excess of Par Value
Accumulated Other Comprehensive Income	-2,567	-2,760	-2,924	-2,960	-2,711	-2,798
Accumulated Other Comprehensive Losses
Retained Earnings	205,905	205,852	203,960	200,025	196,926	190,024
Retained Earnings
Total Common Shareholders' Equity	146,417	152,318	159,233	160,957	158,325	159,282
Total Chevron Corporation Stockholders' Equity
Minority Interests and Other	841	839	1,030	972	973	960
Noncontrolling Interests
Total Shareholders' Equity	147,258	153,157	160,263	161,929	159,298	160,242
Total Equity
Total Liabilities and Shareholders' Equity	250,820	256,938	260,644	261,632	251,779	257,709
Total Liabilities and Equity