XML 136 R111.htm IDEA: XBRL DOCUMENT v3.22.4
Employee Benefit Plans - Narrative (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Defined Benefit Plan Disclosure [Line Items]        
Maximum annual increase percentage to company contribution for retiree medical coverage 4.00%      
Funded Status:        
Amounts recognized on a before-tax bases in "Accumulated other comprehensive loss" for the company's pension and other postretirement benefit plans $ 3,446 $ 4,979    
Other Benefit Assumptions:        
Assumed health care cost-trend rates in the next fiscal year 6.60% 6.20%    
Ultimate trend rate for health care cost 4.50% 4.50%    
Primary Investment:        
Company's US and UK pension plans as a percentage of total pension assets 94.00%      
Benefit Plan Trusts:        
Number of Chevron treasury stocks held in benefit plan trust for funding obligations 14,168,000 14,168,000 14,168,000 14,168,000
Various grantor trust assets invested primarily in interest earning accounts $ 35 $ 36    
Employee Incentive Plan        
Charges to expense for cash bonuses 1,169 1,165 $ 462  
Other Benefits        
Funded Status:        
Amounts recognized on a before-tax bases in "Accumulated other comprehensive loss" for the company's pension and other postretirement benefit plans $ (507) $ (25)    
Discount Rate:        
Discount rate for pension plans 5.30% 2.90% 2.60%  
Cash Contributions and Benefit Payments:        
Contributions to employee pension plans $ 158 $ 146    
Estimated contributions to employee pension plans for the next fiscal year 150      
ESIP        
Employee Savings Investment Plan:        
Compensation expense $ 283 $ 252 $ 281  
U.S.        
Expected Return on Plan Assets:        
Estimated long-term rate of return on US pension plan assets 6.60%      
Discount Rate:        
Discount rate for pension plans 5.20% 2.80% 2.40%  
Cash Contributions and Benefit Payments:        
Contributions to employee pension plans $ 1,164      
Estimated contributions to employee pension plans for the next fiscal year 1,000      
U.S. | Pension Benefits        
Funded Status:        
Amounts recognized on a before-tax bases in "Accumulated other comprehensive loss" for the company's pension and other postretirement benefit plans 3,187 $ 4,009    
Accumulated benefit obligations pension plans $ 8,595 $ 11,337    
Expected Return on Plan Assets:        
Estimated long-term rate of return on US pension plan assets 6.60% 6.50% 6.50%  
Percentage of US pension plan assets relative to total pension plan assets 67.00%      
Plan asset market valuation period, prior to year-end measurement date 3 months      
Discount Rate:        
Discount rate for pension plans 5.20% 2.80% 2.40%  
Cash Contributions and Benefit Payments:        
Contributions to employee pension plans $ 1,164 $ 1,552    
U.S. | Pension Benefits | Equities | Minimum        
Primary Investment:        
Pension Plan - Board of Trustees approved asset allocation 35.00%      
U.S. | Pension Benefits | Equities | Maximum        
Primary Investment:        
Pension Plan - Board of Trustees approved asset allocation 65.00%      
U.S. | Pension Benefits | Fixed Income and Cash | Minimum        
Primary Investment:        
Pension Plan - Board of Trustees approved asset allocation 25.00%      
U.S. | Pension Benefits | Fixed Income and Cash | Maximum        
Primary Investment:        
Pension Plan - Board of Trustees approved asset allocation 45.00%      
U.S. | Pension Benefits | Real Estate | Minimum        
Primary Investment:        
Pension Plan - Board of Trustees approved asset allocation 5.00%      
U.S. | Pension Benefits | Real Estate | Maximum        
Primary Investment:        
Pension Plan - Board of Trustees approved asset allocation 25.00%      
U.S. | Pension Benefits | Other | Minimum        
Primary Investment:        
Pension Plan - Board of Trustees approved asset allocation 0.00%      
U.S. | Pension Benefits | Other | Maximum        
Primary Investment:        
Pension Plan - Board of Trustees approved asset allocation 5.00%      
U.S. | Pension Benefits | Cash | Minimum        
Primary Investment:        
Pension Plan - Board of Trustees approved asset allocation 0.00%      
U.S. | Pension Benefits | Cash | Maximum        
Primary Investment:        
Pension Plan - Board of Trustees approved asset allocation 15.00%      
Int’l.        
Cash Contributions and Benefit Payments:        
Contributions to employee pension plans $ 158      
Estimated contributions to employee pension plans for the next fiscal year 100      
Int’l. | Pension Benefits        
Funded Status:        
Amounts recognized on a before-tax bases in "Accumulated other comprehensive loss" for the company's pension and other postretirement benefit plans 766 995    
Accumulated benefit obligations pension plans $ 3,084 $ 4,976    
Expected Return on Plan Assets:        
Estimated long-term rate of return on US pension plan assets 3.90% 3.50% 4.50%  
Discount Rate:        
Discount rate for pension plans 5.80% 2.80% 2.40%  
Cash Contributions and Benefit Payments:        
Contributions to employee pension plans $ 158 $ 199    
UNITED KINGDOM | Pension Benefits | Equities | Minimum        
Primary Investment:        
Pension Plan - Board of Trustees approved asset allocation 5.00%      
UNITED KINGDOM | Pension Benefits | Equities | Maximum        
Primary Investment:        
Pension Plan - Board of Trustees approved asset allocation 15.00%      
UNITED KINGDOM | Pension Benefits | Fixed Income and Cash | Minimum        
Primary Investment:        
Pension Plan - Board of Trustees approved asset allocation 35.00%      
UNITED KINGDOM | Pension Benefits | Fixed Income and Cash | Maximum        
Primary Investment:        
Pension Plan - Board of Trustees approved asset allocation 45.00%      
UNITED KINGDOM | Pension Benefits | Real Estate | Minimum        
Primary Investment:        
Pension Plan - Board of Trustees approved asset allocation 5.00%      
UNITED KINGDOM | Pension Benefits | Real Estate | Maximum        
Primary Investment:        
Pension Plan - Board of Trustees approved asset allocation 15.00%      
UNITED KINGDOM | Pension Benefits | Cash | Minimum        
Primary Investment:        
Pension Plan - Board of Trustees approved asset allocation 0.00%      
UNITED KINGDOM | Pension Benefits | Cash | Maximum        
Primary Investment:        
Pension Plan - Board of Trustees approved asset allocation 5.00%