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Earnings Per Share
 12 Months Ended
Dec. 31, 2023
Earnings Per Share [Abstract]  
Earnings Per Share
 
Note 13
Earnings Per Share
Basic earnings per share (EPS) is based upon “Net Income (Loss) Attributable to Chevron Corporation” (“earnings”) and includes the effects of deferrals of salary and other compensation awards that are invested in Chevron stock units by certain officers and employees of the company. Diluted EPS includes the effects of these items as well as the dilutive effects of outstanding stock options awarded under the company’s stock option programs (refer to
).
 The table below sets forth the computation of basic and diluted EPS:
     Year ended December 31  
     
2023
     2022      2021  
Basic EPS Calculation
   
 
 
 
  
 
 
 
   
 
 
 
Earnings available to common stockholders - Basic*
   
$
21,369
 
   $ 35,465      $ 15,625  
Weighted-average number of common shares outstanding
   
 
    1,873
 
         1,931            1,916  
Add: Deferred awards held as stock units
   
 
—
 
     —        —  
Total weighted-average number of common shares outstanding
   
 
1,873
 
     1,931        1,916  
Earnings per share of common stock - Basic
   
$
11.41
 
   $ 18.36      $ 8.15  
Diluted EPS Calculation
   
 
 
 
  
 
 
 
   
 
 
 
Earnings available to common stockholders - Diluted*
   
$
21,369
 
   $ 35,465      $ 15,625  
Weighted-average number of common shares outstanding
   
 
1,873
 
     1,931        1,916  
Add: Deferred awards held as stock units
   
 
—
 
     —        —  
Add: Dilutive effect of employee stock-based awards
   
 
7
 
     9        4  
Total weighted-average number of common shares outstanding
   
 
1,880
 
     1,940        1,920  
Earnings per share of common stock - Diluted
   
$
11.36
 
   $ 18.28      $ 8.14  
*
There was no effect of dividend equivalents paid on stock units or dilutive impact of employee stock-based awards on earnings.