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Summarized Financial Data – Chevron Phillips Chemical Company LLC
 12 Months Ended
Dec. 31, 2022
Summarized Financial Data of Subsidiary Two [Abstract]  
Summarized Financial Data – Chevron Phillips Chemical Company LLC
Summarized Financial Data – Chevron U.S.A. Inc.
Chevron U.S.A. Inc. (CUSA) is a major subsidiary of Chevron Corporation. CUSA and its subsidiaries manage and operate most of Chevron’s U.S. businesses. Assets include those related to the exploration and production of crude oil, natural gas liquids and natural gas and those associated with the refining, marketing, supply and distribution of products derived from petroleum, excluding most of the regulated pipeline operations of Chevron. CUSA also holds the company’s investment in the Chevron Phillips Chemical Company LLC joint venture, which is accounted for using the equity method. The summarized financial information for CUSA and its consolidated subsidiaries is as follows:
Year ended December 31
202220212020
Sales and other operating revenues
$183,032 $120,380 $67,950 
Total costs and other deductions
166,955 114,641 72,575 
Net income (loss) attributable to CUSA
13,315 6,904 (2,676)
At December 31
20222021
Current assets$18,704 $20,216 
Other assets50,153 47,355 
Current liabilities22,452 17,824 
Other liabilities19,274 18,438 
Total CUSA net equity$27,131 $31,309 
Memo: Total debt$10,800 $11,693 
Summarized Financial Data – Chevron Phillips Chemical Company LLC
Chevron has a 50 percent equity ownership interest in Chevron Phillips Chemical Company LLC (CPChem). Refer to Note 15 Investments and Advances for a discussion of CPChem operations. Summarized financial information for 100 percent of CPChem is presented in the table below:

Year ended December 31
202220212020
Sales and other operating revenues$14,180 $14,104 $8,407 
Costs and other deductions12,870 10,862 7,221 
Net income attributable to CPChem1,662 3,684 1,260 
At December 31
20222021
Current assets$3,472 $3,381 
Other assets15,184 14,396 
Current liabilities2,146 1,854 
Other liabilities2,941 3,160 
Total CPChem net equity$13,569 $12,763