$CVX

CHEVRON CORP

CIK:0000093410|SEC Filings

CONSOLIDATED STATEMENT OF INCOME (Unaudited) - USD ($) shares in Thousands, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Revenues and Other Income
Sales and other operating revenues	$ 67,199	$ 44,375	$ 114,755	$ 90,476
Income (loss) from equity affiliates	2,125	536	2,870	1,356
Other income (loss)	731	(89)	1,037	600
Total Revenues and Other Income	70,055	44,822	118,662	92,432
Costs and Other Deductions
Purchased crude oil and products	36,607	26,858	64,872	55,468
Operating expenses	7,451	6,674	15,127	13,082
Selling, general and administrative expenses	1,314	889	2,380	2,110
Exploration expenses	256	252	461	439
Depreciation, depletion and amortization	6,082	4,344	11,890	8,467
Taxes other than on income	1,213	1,301	2,527	2,556
Interest and debt expense	352	274	697	486
Other components of net periodic benefit costs	96	83	78	94
Total Costs and Other Deductions	53,371	40,675	98,032	82,702
Income (Loss) Before Income Tax Expense	16,684	4,147	20,630	9,730
Income Tax Expense (Benefit)	4,470	1,632	6,123	3,703
Net Income (Loss)	12,214	2,515	14,507	6,027
Less: Net income (loss) attributable to noncontrolling interests	142	25	225	37
Net Income (Loss) Attributable to Chevron Corporation	$ 12,072	$ 2,490	$ 14,282	$ 5,990
Net Income (Loss) Attributable to Chevron Corporation
Basic (in dollars per share)	$ 6.13	$ 1.45	$ 7.23	$ 3.46
Diluted (in dollars per share)	$ 6.11	$ 1.45	$ 7.21	$ 3.45
Weighted Average Number of Shares Outstanding (000s)
Basic (in shares)	1,969,868	1,719,184	1,974,979	1,731,836
Diluted (in shares)	1,975,087	1,724,397	1,980,464	1,737,844

CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Operating Activities
Net Income (Loss)	$ 14,507	$ 6,027
Adjustments
Depreciation, depletion and amortization	11,890	8,467
Dry hole expense	144	177
Distributions more (less) than income from equity affiliates	474	1,176
Net before-tax losses (gains) on asset retirements and sales	(232)	(299)
Net foreign currency effects	168	470
Deferred income tax provision	34	509
Net decrease (increase) in operating working capital	(1,680)	(2,130)
Decrease (increase) in long-term receivables	129	(10)
Net decrease (increase) in other deferred charges	133	(227)
Cash contributions to employee pension plans	(396)	(444)
Other	(24)	49
Net Cash Provided by Operating Activities	25,147	13,765
Investing Activities
Acquisition of Hess Corporation common stock	0	(2,225)
Capital expenditures	(8,601)	(7,639)
Proceeds and deposits related to asset sales and returns of investment	355	990
Net maturities of (investments in) time deposits	1	0
Net repayment (borrowing) of loans by equity affiliates	979	(176)
Net Cash Used for Investing Activities	(7,266)	(9,050)
Financing Activities
Net borrowings (repayments) of short-term obligations	(794)	1,891
Proceeds from issuances of long-term debt	99	5,491
Repayments of long-term debt and other financing obligations	(3,069)	(2,651)
Cash dividends - common stock	(7,030)	(5,918)
Net contributions from (distributions to) noncontrolling interests	(269)	(30)
Net sales (purchases) of treasury shares	(4,480)	(6,432)
Net Cash Provided by (Used for) Financing Activities	(15,543)	(7,649)
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash	(41)	47
Net Change in Cash, Cash Equivalents and Restricted Cash	2,297	(2,887)
Cash, Cash Equivalents and Restricted Cash at January 1	7,285	8,262
Cash, Cash Equivalents and Restricted Cash at June 30	$ 9,582	$ 5,375