Long-Term Debt

12 Months Ended

Dec. 31, 2022

Debt Disclosure [Abstract]

Long-Term Debt

Long-Term Debt

Total long-term debt including finance lease liabilities at December 31, 2022, was $21,375. The company’s long-term debt outstanding at year-end 2022 and 2021 was as follows:

			At December 31
			2022		2021
	Weighted Average Interest Rate (%)1	Range of Interest Rates (%)2	Principal		Principal
Notes due 2023	1.282	0.426 - 7.250	$	1,800	$	4,800
Floating rate notes due 2023	3.384	3.121 - 3.821	800		800
Notes due 2024	3.291	2.895 - 3.900	1,650		1,650
Notes due 2025	1.724	0.687 - 3.326	4,000		4,000
Notes due 2026		2.954	2,250		2,250
Notes due 2027	2.379	1.018 - 8.000	2,000		2,000
Notes due 2028		3.850	600		600
Notes due 2029		3.250	500		500
Notes due 2030		2.236	1,500		1,500
Debentures due 2031		8.625	102		102
Debentures due 2032	8.416	8.000 - 8.625	183		183
Notes due 2040		2.978	293		293
Notes due 2041		6.000	397		397
Notes due 2043		5.250	330		330
Notes due 2044		5.050	222		222
Notes due 2047		4.950	187		187
Notes due 2049		4.200	237		237
Notes due 2050	2.763	2.343 - 3.078	1,750		1,750
Debentures due 2097		7.250	60		60
Bank loans due 2023	5.206	4.928 - 5.342	91		100
3.400% loan			—		211
Medium-term notes, maturing from 2023 to 2038	6.306	4.283 - 7.900	23		23
Notes due 2022			—		4,946
Total including debt due within one year			18,975		27,141
Debt due within one year			(2,694)		(4,946)
Fair market value adjustment for debt acquired in the Noble acquisition			664		741
Reclassified from short-term debt			4,050		7,759
Unamortized discounts and debt issuance costs			(23)		(31)
Finance lease liabilities3			403		449
Total long-term debt			$	21,375	$	31,113
1 Weighted-average interest rate at December 31, 2022.
2 Range of interest rates at December 31, 2022.
3 For details on finance lease liabilities, see Note 5 Lease Commitments.

Chevron has an automatic shelf registration statement that expires in August 2023. This registration statement is for an unspecified amount of nonconvertible debt securities issued or guaranteed by Chevron Corporation or CUSA.

Long-term debt excluding finance lease liabilities with a principal balance of $18,975 matures as follows: 2023 – $2,694; 2024 – $1,650; 2025 – $4,000; 2026 – $2,250; 2027 – $2,000; and after 2027 – $6,381.

In addition to the $4.9 billion in long-term debt that matured in 2022, the company also early-redeemed $3.0 billion in notes at face value that were scheduled to mature in the second quarter of 2023.

See Note 9 Fair Value Measurements for information concerning the fair value of the company’s long-term debt.