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CONSOLIDATED STATEMENT OF EQUITY (Unaudited) - USD ($)
$ in Millions
Total
Chevron Corp. Stockholders’ Equity
Common Stock
Retained Earnings
Accumulated Other Comp. Income (Loss)
Treasury Stock (at cost)
Non-Controlling Interests
Beginning balance at Dec. 31, 2021 $ 139,940 $ 139,067 $ 18,874 [1] $ 165,546 $ (3,889) $ (41,464) $ 873
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Treasury stock transactions 49 49 49 [1]        
Net income (loss) 29,230 29,112   29,112     118
Cash dividends (8,362) (8,255)   (8,255)     (107)
Stock dividends (3) (3)   (3)      
Other comprehensive income 716 716     716    
Purchases of treasury shares (7,505) (7,505)       (7,505)  
Issuances of treasury shares 5,505 5,505 $ 1,256 [1]     $ 4,249  
Other changes, net 57 (6)   (6)     63
Purchases (in shares)     (48,390,222)     (48,390,222)  
Issuances (in shares)     52,222,711     52,222,711  
Ending balance at Sep. 30, 2022 159,627 158,680 $ 20,179 [1] 186,394 (3,173) $ (44,720) 947
Beginning balance, shares issued (in shares) at Dec. 31, 2021 [2]     2,442,676,580        
Beginning balance, treasury shares (in shares) at Dec. 31, 2021           (512,870,523)  
Beginning balance, shares outstanding (in shares) at Dec. 31, 2021     1,929,806,057        
Ending balance, shares issued (in shares) at Sep. 30, 2022 [2]     2,442,676,580        
Ending balance, treasury shares (in shares) at Sep. 30, 2022           (509,038,034)  
Ending balance, shares outstanding (in shares) at Sep. 30, 2022     1,933,638,546        
Beginning balance at Jun. 30, 2022 154,562 153,554 $ 20,151 [1] 177,909 (3,491) $ (41,015) 1,008
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Treasury stock transactions 19 19 19 [1]        
Net income (loss) 11,238 11,231   11,231     7
Cash dividends (2,814) (2,743)   (2,743)     (71)
Stock dividends (2) (2)   (2)      
Other comprehensive income 318 318     318    
Purchases of treasury shares (3,750) (3,750)       (3,750)  
Issuances of treasury shares 54 54 $ 9 [1]     $ 45  
Other changes, net 2 (1)   (1)     3
Purchases (in shares)     (24,324,584)     (24,324,584)  
Issuances (in shares)     528,316     528,316  
Ending balance at Sep. 30, 2022 159,627 158,680 $ 20,179 [1] 186,394 (3,173) $ (44,720) 947
Beginning balance, shares issued (in shares) at Jun. 30, 2022 [2]     2,442,676,580        
Beginning balance, treasury shares (in shares) at Jun. 30, 2022           (485,241,766)  
Beginning balance, shares outstanding (in shares) at Jun. 30, 2022     1,957,434,814        
Ending balance, shares issued (in shares) at Sep. 30, 2022 [2]     2,442,676,580        
Ending balance, treasury shares (in shares) at Sep. 30, 2022           (509,038,034)  
Ending balance, shares outstanding (in shares) at Sep. 30, 2022     1,933,638,546        
Beginning balance at Dec. 31, 2022 160,242 159,282 $ 20,252 [1] 190,024 (2,798) $ (48,196) 960
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Treasury stock transactions 123 123 123 [1]        
PDC Energy, Inc. acquisition 6,520 6,520 2,550 [1]     3,970  
Net income (loss) 19,168 19,110   19,110     58
Cash dividends (8,581) (8,527)   (8,527)     (54)
Stock dividends (7) (7)   (7)      
Other comprehensive income 201 201     201    
Purchases of treasury shares [3] (11,631) (11,631)       (11,631)  
Issuances of treasury shares 237 237 20 [1]     $ 217  
Other changes, net (24) (43) $ (36) [1] (7)     19
Purchases (in shares)     (70,455,234)     (70,455,234)  
Issuances (in shares)     42,987,556     42,987,556  
Ending balance at Sep. 30, 2023 $ 166,248 165,265 $ 22,909 [1] 200,593 (2,597) $ (55,640) 983
Beginning balance, shares issued (in shares) at Dec. 31, 2022 2,442,676,580   2,442,676,580 [2]        
Beginning balance, treasury shares (in shares) at Dec. 31, 2022 (527,460,237)         (527,460,237)  
Beginning balance, shares outstanding (in shares) at Dec. 31, 2022     1,915,216,343        
Ending balance, shares issued (in shares) at Sep. 30, 2023 2,442,676,580   2,442,676,580 [2]        
Ending balance, treasury shares (in shares) at Sep. 30, 2023 (554,927,915)         (554,927,915)  
Ending balance, shares outstanding (in shares) at Sep. 30, 2023     1,887,748,665        
Beginning balance at Jun. 30, 2023 $ 159,298 158,325 $ 20,350 [1] 196,926 (2,711) $ (56,240) 973
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Treasury stock transactions 43 43 43 [1]        
PDC Energy, Inc. acquisition 6,520 6,520 2,550 [1]     3,970  
Net income (loss) 6,555 6,526   6,526     29
Cash dividends (2,897) (2,852)   (2,852)     (45)
Stock dividends (6) (6)   (6)      
Other comprehensive income 114 114     114    
Purchases of treasury shares [3] (3,424) (3,424)       (3,424)  
Issuances of treasury shares 56 56 2 [1]     $ 54  
Other changes, net (11) (37) $ (36) [1] (1)     26
Purchases (in shares)     (20,721,774)     (20,721,774)  
Issuances (in shares)     41,225,221     41,225,221  
Ending balance at Sep. 30, 2023 $ 166,248 $ 165,265 $ 22,909 [1] $ 200,593 $ (2,597) $ (55,640) $ 983
Beginning balance, shares issued (in shares) at Jun. 30, 2023 [2]     2,442,676,580        
Beginning balance, treasury shares (in shares) at Jun. 30, 2023           (575,431,362)  
Beginning balance, shares outstanding (in shares) at Jun. 30, 2023     1,867,245,218        
Ending balance, shares issued (in shares) at Sep. 30, 2023 2,442,676,580   2,442,676,580 [2]        
Ending balance, treasury shares (in shares) at Sep. 30, 2023 (554,927,915)         (554,927,915)  
Ending balance, shares outstanding (in shares) at Sep. 30, 2023     1,887,748,665        
[1] Beginning and ending balances for all periods include capital in excess of par, common stock issued at par for $1,832, and $(240) associated with Chevron’s Benefit Plan Trust. Changes reflect capital in excess of par.
[2] Beginning and ending total issued share balances include 14,168,000 shares associated with Chevron’s Benefit Plan Trust for all periods.
[3] Includes excise tax on share repurchases.