Total long-term debt including finance lease liabilities at December 31, 2025, was $39,781. The company’s long-term debt outstanding at year-end 2025 and 2024 was as follows:


			At December 31
			2025		2024
	Weighted Average Interest Rate (%)1	Range of Interest Rates (%)2	Principal		Principal

Notes due 2026		2.954	2,250		2,250
Notes due 2027	3.594	1.018 - 8.000	5,000		2,000
Notes due 2028	4.762	3.850 - 5.875	4,700		600
Notes due 2029	5.872	3.250 - 7.875	1,567		500
Notes due 2030	3.955	2.236 - 5.500	5,350		1,500
Notes and Debentures due 2031	7.484	7.300 - 8.625	734		102
Notes and Debentures due 2032	4.944	4.500 - 8.625	2,083		183
Notes due 2033		7.125	540		—
Notes due 2035	4.909	4.850 - 4.980	1,650		—
Notes due 2040	5.152	2.978 - 6.000	1,043		293
Notes due 2041	5.696	5.600 - 6.000	1,646		397
Notes due 2043		5.250	330		330
Notes due 2044		5.050	222		222
Notes due 2047	5.569	4.950 - 5.800	687		187
Notes due 2049		4.200	237		237
Notes due 2050	2.763	2.343 - 3.078	1,750		1,750
Notes due 2075		3.722	154		—
Debentures due 2097		7.250	60		60
Bank loans due 2026 to 2028	5.460	2.448 - 8.040	532		193
Term loans and credit facility borrowings	7.320	7.250 - 8.136	367		—
Medium-term notes, maturing from 2033 to 2038	5.786	3.688 - 7.840	20		20
Notes due 2025			—		4,012
Total including debt due within one year			$	30,922	14,836
Debt due within one year			(2,345)		(4,012)


Fair market value adjustment for debt acquired in the Noble and Hess acquisitions			649		529
Reclassified from short-term debt			9,941		8,250
Unamortized discounts and debt issuance costs			(45)		(14)
Finance lease liabilities3			659		546
Total long-term debt			$	39,781	$	20,135
1 Weighted-average interest rate at December 31, 2025.
2 Range of interest rates at December 31, 2025.
3 For details on finance lease liabilities, see Note 5 Lease Commitments.

Chevron has an automatic shelf registration statement that expires in November 2027. 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 $30,922 matures as follows: 2026 – $2,345; 2027 – $5,723; 2028 – $4,752; 2029 – $1,567; 2030 – $5,350; and after 2030 – $11,185.