v3.26.1
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, 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 (6,722) (6,722)       (6,722)  
Issuances of treasury shares 376 376 (67) [1]     443  
Other changes, net (1) (1)   (1)     0
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]     2,442,676,580        
Beginning balance, treasury shares (in shares) at Dec. 31, 2024           (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]     2,442,676,580        
Ending balance, treasury shares (in shares) at Jun. 30, 2025           (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]     2,442,676,580        
Ending balance, treasury shares (in shares) at Jun. 30, 2025           (714,686,204)  
Ending balance, shares outstanding (in shares) at Jun. 30, 2025     1,727,990,376        
Beginning balance at Dec. 31, 2025 192,176 186,450 $ 35,478 [1] 205,365 (2,464) $ (51,929) 5,726
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Treasury stock transactions 114 114 114 [1]        
Net income (loss) 14,507 14,282   14,282     225
Cash dividends (7,307) (7,030)   (7,030)     (277)
Stock dividends (22) (22)   (22)      
Other comprehensive income 351 351     351    
Purchases of treasury shares [3] (5,724) (5,724)       (5,724)  
Issuances of treasury shares 1,462 1,462 (1) [1]     1,463  
Other changes, net 1 0   0     1
Ending balance at Jun. 30, 2026 $ 195,558 189,883 $ 35,591 [1] 212,595 (2,113) $ (56,190) 5,675
Beginning balance, shares issued (in shares) at Dec. 31, 2025 2,442,676,580   2,442,676,580 [2]        
Beginning balance, treasury shares (in shares) at Dec. 31, 2025 (448,260,458)         (448,260,458)  
Beginning balance, shares outstanding (in shares) at Dec. 31, 2025     1,994,416,122        
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Purchases (in shares)     (30,251,590)     (30,251,590)  
Issuances (in shares)     11,606,742     11,606,742  
Ending balance, shares issued (in shares) at Jun. 30, 2026 2,442,676,580   2,442,676,580 [2]        
Ending balance, treasury shares (in shares) at Jun. 30, 2026 (466,905,306)         (466,905,306)  
Ending balance, shares outstanding (in shares) at Jun. 30, 2026     1,975,771,274        
Beginning balance at Mar. 31, 2026 $ 189,371 183,715 $ 35,478 [1] 204,039 (2,593) $ (53,209) 5,656
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Treasury stock transactions (23) (23) (23) [1]        
Net income (loss) 12,214 12,072   12,072     142
Cash dividends (3,627) (3,504)   (3,504)     (123)
Stock dividends (11) (11)   (11)      
Other comprehensive income 480 480     480    
Purchases of treasury shares [3] (3,147) (3,147)       (3,147)  
Issuances of treasury shares 302 302 136 [1]     166  
Other changes, net (1) (1)   (1)      
Ending balance at Jun. 30, 2026 $ 195,558 $ 189,883 $ 35,591 [1] $ 212,595 $ (2,113) $ (56,190) $ 5,675
Beginning balance, shares issued (in shares) at Mar. 31, 2026 [2]     2,442,676,580        
Beginning balance, treasury shares (in shares) at Mar. 31, 2026           (451,078,848)  
Beginning balance, shares outstanding (in shares) at Mar. 31, 2026     1,991,597,732        
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Purchases (in shares)     (16,255,113)     (16,255,113)  
Issuances (in shares)     428,655     428,655  
Ending balance, shares issued (in shares) at Jun. 30, 2026 2,442,676,580   2,442,676,580 [2]        
Ending balance, treasury shares (in shares) at Jun. 30, 2026 (466,905,306)         (466,905,306)  
Ending balance, shares outstanding (in shares) at Jun. 30, 2026     1,975,771,274        
[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.