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Investments and Advances (Tables)
12 Months Ended
Dec. 31, 2021
Investments in and Advances to Affiliates, Schedule of Investments [Abstract]  
Equity in earnings, together with investments in and advances to companies accounted for using the equity method and other investments accounted for at or below cost
Equity in earnings, together with investments in and advances to companies accounted for using the equity method and other investments accounted for at or below cost, is shown in the following table. For certain equity affiliates, Chevron pays its share of some income taxes directly. For such affiliates, the equity in earnings does not include these taxes, which are reported on the Consolidated Statement of Income as “Income tax expense.”
Investments and AdvancesEquity in Earnings
At December 31Year ended December 31
20212020202120202019
Upstream
Tengizchevroil$23,727 $22,685 $2,831 $1,238 $3,067 
Petropiar —  (1,396)80 
Petroboscan —  (1,112)(11)
Caspian Pipeline Consortium805 835 155 159 155 
Angola LNG Limited2,180 2,258 336 (166)(26)
Other*1,859 1,875 187 137 (478)
Total Upstream28,571 27,653 3,509 (1,140)2,787 
Downstream
Chevron Phillips Chemical Company LLC6,455 6,181 1,842 630 880 
GS Caltex Corporation3,616 3,547 85 (185)13 
Other1,725 1,389 220 223 288 
Total Downstream11,796 11,117 2,147 668 1,181 
All Other
Other(10)(14)1 — — 
Total equity method$40,357 $38,756 $5,657 $(472)$3,968 
Other non-equity method investments339 296 
Total investments and advances$40,696 $39,052 
Total United States$8,540 $7,978 $1,889 $709 $641 
Total International$32,156 $31,074 $3,768 $(1,181)$3,327 
* Upstream Other line includes amounts previously reported as Noble Midstream equity affiliates.
Summarized financial information on a 100 percent basis for all equity affiliates as well as Chevron's total share, which includes Chevron loans to affiliates
The following table provides summarized financial information on a 100 percent basis for all equity affiliates as well as Chevron’s total share, which includes Chevron’s net loans to affiliates of $4,704, $5,153 and $4,331 at December 31, 2021, 2020 and 2019, respectively.
AffiliatesChevron Share
Year ended December 31202120202019202120202019
Total revenues$71,241 $49,093 $66,473 $34,359 $21,641 $32,628 
Income before income tax expense15,175 5,682 13,197 6,984 2,550 5,954 
Net income attributable to affiliates12,598 4,704 9,809 5,670 2,034 4,366 
At December 31
Current assets$21,871 $17,087 $30,791 $9,267 $7,328 $12,998 
Noncurrent assets100,235 97,468 97,177 44,360 43,247 41,531 
Current liabilities17,275 12,164 26,032 7,492 5,052 10,610 
Noncurrent liabilities24,219 25,586 21,593 5,982 5,884 5,068 
Total affiliates’ net equity$80,612 $76,805 $80,343 $40,153 $39,639 $38,851