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Operating Segments and Geographic Data
 6 Months Ended
Jun. 30, 2020
Segment Reporting [Abstract]  
Operating Segments and Geographic Data Operating Segments and Geographic Data
Although each subsidiary of Chevron is responsible for its own affairs, Chevron Corporation manages its investments in these subsidiaries and their affiliates. The investments are grouped into two business segments, Upstream and Downstream, representing the company’s “reportable segments” and “operating segments.” Upstream operations consist primarily of exploring for, developing and producing crude oil and natural gas; liquefaction, transportation and regasification associated with liquefied natural gas (LNG); transporting crude oil by major international oil export pipelines; processing, transporting, storage and marketing of natural gas; and a gas-to-liquids plant. Downstream operations consist primarily of refining of crude oil into petroleum products; marketing of crude oil and refined products; transporting of 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. “All Other” activities of the company include worldwide cash management and debt financing activities, corporate administrative functions, insurance operations, real estate activities and technology companies.
The company’s segments are managed by “segment managers” who report to the “chief operating decision maker” (CODM). The segments represent components of the company that engage in activities (a) from which revenues are earned and expenses are incurred; (b) whose operating results are regularly reviewed by the CODM, which makes decisions about resources to be allocated to the segments and assesses their performance; and (c) for which discrete financial information is available.
The company’s primary country of operation is the United States of America, its country of domicile. Other components of the company’s operations are reported as “International” (outside the United States).
Segment Earnings The company evaluates the performance of its operating segments on an after-tax basis, without considering the effects of debt financing interest expense or investment interest income, both of which are managed by the company on a worldwide basis. Corporate administrative costs and assets are not allocated to the operating segments. However, operating segments are billed for the direct use of corporate services. Nonbillable costs remain at the corporate level in “All Other.” Earnings by major operating area for the three- and six-month periods ended June 30, 2020 and 2019, are presented in the following table:
Three Months Ended
June 30		Six Months Ended
June 30
2020201920202019
Segment Earnings(Millions of dollars)(Millions of dollars)
Upstream
United States$(2,066) $896  $(1,825) $1,644  
International(4,023) 2,587  (1,344) 4,962  
Total Upstream(6,089) 3,483  (3,169) 6,606  
Downstream
United States(988) 465  (538) 682  
International(22) 264  631  299  
Total Downstream(1,010) 729  93  981  
Total Segment Earnings(7,099) 4,212  (3,076) 7,587  
All Other
Interest expense(164) (189) (318) (404) 
Interest income13  43  36  94  
Other(1,020) 239  (1,313) (323) 
Net Income Attributable to Chevron Corporation$(8,270) $4,305  $(4,671) $6,954  
Segment Assets Segment assets do not include intercompany investments or intercompany receivables. “All Other” assets consist primarily of worldwide cash, cash equivalents, time deposits and marketable securities; real estate; information systems; technology companies; and assets of the corporate administrative functions. Segment assets at June 30, 2020, and December 31, 2019, are as follows: 
At June 30,
2020		At December 31,
2019
Segment Assets(Millions of dollars)
Upstream
United States $33,869  $35,926  
International 136,075  145,648  
Goodwill4,416  4,463  
Total Upstream174,360  186,037  
Downstream
United States 23,001  25,197  
International15,849  16,955  
Total Downstream38,850  42,152  
Total Segment Assets213,210  228,189  
All Other
United States 4,975  3,475  
International5,218  5,764  
Total All Other10,193  9,239  
Total Assets — United States61,845  64,598  
Total Assets — International157,142  168,367  
Goodwill4,416  4,463  
Total Assets$223,403  $237,428  
Segment Sales and Other Operating Revenues Segment sales and other operating revenues, including internal transfers, for the three- and six-month periods ended June 30, 2020 and 2019, are presented in the following table. Products are transferred between operating segments at internal product values that approximate market prices. Revenues for the upstream segment are derived primarily from the production and sale of crude oil and natural gas, as well as the sale of third-party production of natural gas. Revenues for the downstream segment are derived from the refining and marketing of petroleum products such as gasoline, jet fuel, gas oils, lubricants, residual fuel oils and other products derived from crude oil. This segment also generates revenues from the manufacture and sale of fuel and lubricant additives and the transportation and trading of refined products and crude oil. “All Other” activities include revenues from insurance operations, real estate activities and technology companies.
Three Months Ended
June 30		Six Months Ended
June 30
2020201920202019
Sales and Other Operating Revenues(Millions of dollars)(Millions of dollars)
Upstream
United States$2,544  $5,927  $7,010  $11,809  
International4,554  8,977  13,567  18,346  
Subtotal7,098  14,904  20,577  30,155  
Intersegment Elimination — United States(1,420) (3,865) (4,232) (7,384) 
Intersegment Elimination — International(1,021) (3,104) (3,562) (6,396) 
Total Upstream4,657  7,935  12,783  16,375  
Downstream
United States5,235  14,855  16,421  27,243  
International6,519  14,701  18,692  29,208  
Subtotal11,754  29,556  35,113  56,451  
Intersegment Elimination — United States(332) (1,042) (1,592) (1,989) 
Intersegment Elimination — International(186) (186) (771) (451) 
Total Downstream11,236  28,328  32,750  54,011  
All Other
United States227  271  437  493  
International6  5  8  7  
Subtotal233  276  445  500  
Intersegment Elimination — United States(194) (211) (339) (367) 
Intersegment Elimination — International(6) (5) (8) (7) 
Total All Other33  60  98  126  
Sales and Other Operating Revenues
United States8,006  21,053  23,868  39,545  
International11,079  23,683  32,267  47,561  
Subtotal19,085  44,736  56,135  87,106  
Intersegment Elimination — United States(1,946) (5,118) (6,163) (9,740) 
Intersegment Elimination — International(1,213) (3,295) (4,341) (6,854) 
Total Sales and Other Operating Revenues$15,926  $36,323  $45,631  $70,512