XML 42 R31.htm IDEA: XBRL DOCUMENT v3.22.1
Operating Segments and Geographic Data (Tables)
 3 Months Ended
Mar. 31, 2022
Segment Reporting [Abstract]  
Segment Earnings Earnings by major operating area for the three-month period ended March 31, 2022 and 2021, are presented in the following table:
Three Months Ended
March 31
20222021
Segment Earnings(Millions of dollars)
Upstream
United States$3,238 $941 
International3,696 1,409 
Total Upstream6,934 2,350 
Downstream
United States486 (130)
International(155)135 
Total Downstream331 5 
Total Segment Earnings7,265 2,355 
All Other
Interest expense(126)(184)
Interest income10 8 
Other(890)(802)
Net Income Attributable to Chevron Corporation$6,259 $1,377 
Segment Assets Segment assets at March 31, 2022, and December 31, 2021, are as follows: 
At March 31,
2022		At December 31,
2021
Segment Assets(Millions of dollars)
Upstream
United States $41,854 $41,870 
International 138,451 138,157 
Goodwill4,374 4,385 
Total Upstream184,679 184,412 
Downstream
United States 28,216 26,376 
International21,195 18,848 
Total Downstream49,411 45,224 
Total Segment Assets234,090 229,636 
All Other
United States 9,759 5,746 
International5,199 4,153 
Total All Other14,958 9,899 
Total Assets — United States79,829 73,992 
Total Assets — International164,845 161,158 
Goodwill4,374 4,385 
Total Assets$249,048 $239,535 
Segment Sales and Other Operating Revenues
Segment Sales and Other Operating Revenues Segment sales and other operating revenues, including internal transfers, for the three-month period ended March 31, 2022 and 2021, 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 primarily 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
March 31
20222021
Sales and Other Operating Revenues(Millions of dollars)
Upstream
United States$11,316 $5,791 
International13,502 8,790 
Subtotal24,818 14,581 
Intersegment Elimination — United States(6,919)(2,855)
Intersegment Elimination — International(3,649)(2,375)
Total Upstream14,250 9,351 
Downstream
United States19,771 10,854 
International19,607 11,582 
Subtotal39,378 22,436 
Intersegment Elimination — United States(999)(466)
Intersegment Elimination — International(331)(269)
Total Downstream38,048 21,701 
All Other
United States83 24 
International— — 
Subtotal83 24 
Intersegment Elimination — United States(67)— 
Intersegment Elimination — International— — 
Total All Other16 24 
Sales and Other Operating Revenues
United States31,170 16,669 
International33,109 20,372 
Subtotal64,279 37,041 
Intersegment Elimination — United States(7,985)(3,321)
Intersegment Elimination — International(3,980)(2,644)
Total Sales and Other Operating Revenues$52,314 $31,076