v3.25.2
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, 2023 $ 161,929 $ 160,957 $ 22,957 [1] $ 200,025 $ (2,960) $ (59,065) $ 972
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Treasury stock transactions 165 165 165 [1]        
Net income (loss) 9,994 9,935   9,935     59
Cash dividends (5,988) (5,981)   (5,981)     (7)
Stock dividends (11) (11)   (11)      
Other comprehensive income 36 36     36    
Purchases of treasury shares (6,036) (6,036)       (6,036)  
Issuances of treasury shares 176 176 (35) [1]     211  
Other changes, net (2) (8)   (8)     6
Ending balance at Jun. 30, 2024 160,263 159,233 $ 23,087 [1] 203,960 (2,924) $ (64,890) 1,030
Beginning balance, shares issued (in shares) at Dec. 31, 2023 [2]     2,442,676,580        
Beginning balance, treasury shares (in shares) at Dec. 31, 2023           (577,028,776)  
Beginning balance, shares outstanding (in shares) at Dec. 31, 2023     1,865,647,804        
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Purchases (in shares)     (38,772,111)     (38,772,111)  
Issuances (in shares)     2,041,420     2,041,420  
Ending balance, shares issued (in shares) at Jun. 30, 2024 [2]     2,442,676,580        
Ending balance, treasury shares (in shares) at Jun. 30, 2024           (613,759,467)  
Ending balance, shares outstanding (in shares) at Jun. 30, 2024     1,828,917,113        
Beginning balance at Mar. 31, 2024 161,656 160,625 $ 23,035 [1] 202,514 (2,965) $ (61,959) 1,031
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Treasury stock transactions 73 73 73 [1]        
Net income (loss) 4,443 4,434   4,434     9
Cash dividends (2,982) (2,978)   (2,978)     (4)
Stock dividends (5) (5)   (5)      
Other comprehensive income 41 41     41    
Purchases of treasury shares [3] (3,030) (3,030)       (3,030)  
Issuances of treasury shares 78 78 (21) [1]     99  
Other changes, net (11) (5)   (5)     (6)
Ending balance at Jun. 30, 2024 160,263 159,233 $ 23,087 [1] 203,960 (2,924) $ (64,890) 1,030
Beginning balance, shares issued (in shares) at Mar. 31, 2024 [2]     2,442,676,580        
Beginning balance, treasury shares (in shares) at Mar. 31, 2024           (595,667,547)  
Beginning balance, shares outstanding (in shares) at Mar. 31, 2024     1,847,009,033        
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Purchases (in shares)     (19,034,424)     (19,034,424)  
Issuances (in shares)     942,504     942,504  
Ending balance, shares issued (in shares) at Jun. 30, 2024 [2]     2,442,676,580        
Ending balance, treasury shares (in shares) at Jun. 30, 2024           (613,759,467)  
Ending balance, shares outstanding (in shares) at Jun. 30, 2024     1,828,917,113        
Beginning balance at Dec. 31, 2024 153,157 152,318 $ 23,263 [1] 205,852 (2,760) $ (74,037) 839
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Treasury stock transactions 199 199 199 [1]        
Net income (loss) 6,027 5,990   5,990     37
Cash dividends (5,953) (5,918)   (5,918)     (35)
Stock dividends (18) (18)   (18)      
Other comprehensive income 193 193     193    
Purchases of treasury shares [3] (6,722) (6,722)       (6,722)  
Issuances of treasury shares 376 376 (67) [1]     443  
Other changes, net (1) (1)   (1)      
Ending balance at Jun. 30, 2025 $ 147,258 146,417 $ 23,395 [1] 205,905 (2,567) $ (80,316) 841
Beginning balance, shares issued (in shares) at Dec. 31, 2024 2,442,676,580   2,442,676,580 [2]        
Beginning balance, treasury shares (in shares) at Dec. 31, 2024 (673,664,306)         (673,664,306)  
Beginning balance, shares outstanding (in shares) at Dec. 31, 2024     1,769,012,274        
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Purchases (in shares)     (43,708,349)     (43,708,349)  
Issuances (in shares)     2,686,451     2,686,451  
Ending balance, shares issued (in shares) at Jun. 30, 2025 2,442,676,580   2,442,676,580 [2]        
Ending balance, treasury shares (in shares) at Jun. 30, 2025 (714,686,204)         (714,686,204)  
Ending balance, shares outstanding (in shares) at Jun. 30, 2025     1,727,990,376        
Beginning balance at Mar. 31, 2025 $ 150,080 149,244 $ 23,311 [1] 206,359 (2,709) $ (77,717) 836
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Treasury stock transactions 96 96 96 [1]        
Net income (loss) 2,515 2,490   2,490     25
Cash dividends (2,954) (2,934)   (2,934)     (20)
Stock dividends (9) (9)   (9)      
Other comprehensive income 142 142     142    
Purchases of treasury shares [3] (2,770) (2,770)       (2,770)  
Issuances of treasury shares 159 159 (12) [1]     171  
Other changes, net (1) (1)   (1)      
Ending balance at Jun. 30, 2025 $ 147,258 $ 146,417 $ 23,395 [1] $ 205,905 $ (2,567) $ (80,316) $ 841
Beginning balance, shares issued (in shares) at Mar. 31, 2025 [2]     2,442,676,580        
Beginning balance, treasury shares (in shares) at Mar. 31, 2025           (696,282,675)  
Beginning balance, shares outstanding (in shares) at Mar. 31, 2025     1,746,393,905        
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Purchases (in shares)     (18,620,921)     (18,620,921)  
Issuances (in shares)     217,392     217,392  
Ending balance, shares issued (in shares) at Jun. 30, 2025 2,442,676,580   2,442,676,580 [2]        
Ending balance, treasury shares (in shares) at Jun. 30, 2025 (714,686,204)         (714,686,204)  
Ending balance, shares outstanding (in shares) at Jun. 30, 2025     1,727,990,376        
[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.