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Chevron Balance Sheet Statement

Assets, liabilities, and shareholders' equity

Chevron holds $329.55B in total assets. Shareholders' equity is $183.72B against $51.3B in total debt. Cash and equivalents total $6.3B. The current ratio is 1.09 and debt-to-equity is 0.279. Based on the Q1 2026 filing.

Total Assets$329.55BTotal Stockholders Equity$183.72BLong Term Debt$39.6BCash And Equivalents$6.3BTotal Current Assets$46.2BTotal Current Liabilities$42.2B
Latest FilingQ1 2026
Report Date2026-05-07
Market Cap$381.25B
P/E Ratio34.63
ROE6.61%

Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts payable$22.1B$20.9B$18.6B$19.1B$19.3B$23.2B
Accounts Payable Due to Affiliated Companies$556.0M———$764.0M—
Accrued Environmental Liabilities$945.0M———$1.1B—
Other Commercial Liabilities$8.5B$8.4B$8.1B$10.5B$10.8B$10.3B
Accrued Income Taxes, Current$1.9B$842.0M$659.0M$914.0M$844.0M$1.3B
Accrued Liabilities, Current$8.5B$8.4B$8.1B$10.5B$10.8B$10.3B
Current portion of long-term debt$131.0M$4.1B$6.2B$3.6B$96.0M$5.8B
Short-term borrowings$8.3B$4.1B$6.2B$3.6B$977.0M$5.8B
Total current liabilities$38.6B$35.7B$34.8B$35.5B$33.4B$42.2B

Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts and Notes Receivable Due from Affiliated Companies$1.3B———$913.0M—
Accounts receivable, net$20.7B$19.6B$17.7B$17.9B$18.1B$25.3B
Allowance for Doubtful Accounts$259.0M$240.0M$188.0M$191.0M$176.0M$175.0M
Cash and cash equivalents$8.3B$6.2B$5.4B$8.8B$7.3B$6.3B
Contract assets$14.2B$13.2B$11.8B$12.8B$12.3B$17.8B
Loans receivable, net of allowances of $1,042 and $1,074 (Note 7)$3.8B$3.8B$3.3B$3.3B$3.5B$4.5B
Short-term restricted investments$1.5B$1.5B$1.3B$1.1B$1.0B$1.0B
Inventories$9.1B$9.2B$8.8B$10.4B$9.7B$10.6B
Inventory LIFO Reserve$6.0B———$4.8B—
Materials and supplies$2.1B$2.1B$2.0B$2.5B$2.5B$2.6B
Restricted cash$281.0M$325.0M$237.0M$247.0M$174.0M$199.0M
Total current assets$40.9B$38.6B$34.7B$40.9B$38.6B$46.2B

Equity

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accumulated other comprehensive income (loss)-$2.8B-$2.7B-$2.6B-$2.6B-$2.5B-$2.6B
Common Stock Shares Outstanding$687.0M———$704.0M—
Additional paid-in capital$21.7B$21.7B$21.8B$33.8B$33.9B$33.9B
Common stock; $0.001 par value; 6,000 shares authorized; 3,755 and 3,751 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively$1.8B$1.8B$1.8B$1.8B$1.8B$1.8B
Preferred stock; $0.001 par value; 100 shares authorized; no shares issued and outstanding$0.0$0.0$0.0$0.0$0.0$0.0
Number of Exercisable Options$675.0M———$703.0M—
Retained earnings$205.9B$206.4B$205.9B$206.0B$205.4B$204.0B
Share-Based Payment Award Options Outstanding - Number23.2M———22.2M—
Share-Based Payment - Unrecognized Cost of Nonvested Awards$320.0M———$379.0M—
Shares Reserved for Future Issuance Under Stock Plans1.6M———1.6M—
Total liabilities and stockholders' equity$256.9B$256.4B$250.8B$326.5B$324.0B$329.6B
Total stockholders' equity$152.3B$149.2B$146.4B$189.8B$186.5B$183.7B
Treasury stock$74.0B$77.7B$80.3B$49.0B$51.9B$53.2B
Weighted Average Exercise Price of Outstanding Options$122.62———$123.78—

Non-Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Allowance for credit losses$611.0M$456.0M$405.0M$407.0M$392.0M$391.0M
Assets Acquired in Business Combination———$79.5B——
Net Deferred Tax Assets/Liabilities-$15.6B———-$27.2B—
Deferred Tax Assets and Other Non-Current Assets$4.2B$15.0B$15.1B$16.2B$4.3B$16.5B
Deferred Tax Assets - Tax Credit Carryforwards$288.0M———$430.0M—
Goodwill$4.6B$4.6B$4.6B$4.6B$4.6B$4.6B
Equity securities$820.0M———$830.0M—
Net Operating Loss Carryforwards$9.2B———$29.2B—
Accounts Receivable, Excluding Accrued Interest, after Allowance for Credit Loss, Noncurrent$877.0M$942.0M$914.0M$987.0M$1.0B$976.0M
Cash and cash equivalents$6.8B$4.6B$4.1B$7.7B$6.3B$5.3B
Deferred tax assets$3.5B———$2.9B—
Energy Related Inventory, Chemicals————$571.0M$520.0M
Inventory, Finished Goods and Work in Process, Gross$6.5B$6.6B$6.3B$7.4B$6.6B$7.5B
Investments$47.4B$49.2B$48.0B$44.4B$43.9B$43.2B
Other non-current assets$14.9B$15.0B$15.1B$16.2B$16.2B$16.5B
Property, plant and equipment, net$147.8B$148.1B$147.4B$219.5B$219.7B$218.1B
Accumulated depreciation$198.1B$200.7B$204.6B$209.8B$215.2B$220.8B
Total property and equipment, gross$345.9B$348.8B$352.0B$429.3B$435.0B$438.9B
Software and Technology Licenses, Net$14.9B$15.0B$15.1B$16.2B$16.2B$16.5B
Tax Credit Carryforward Valuation Allowance$21.3B———$26.9B—
Total assets$256.9B$256.4B$250.8B$326.5B$324.0B$329.6B

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Components$14.0———$15.0—
Defined Benefit Plan Healthcare Cost Trend Rate4.5%———4.5%—
Line of Credit Maximum Borrowing Capacity$8.3B———$11.4B—
Allowance for long-term receivables$352.0M$216.0M$217.0M$216.0M$216.0M$216.0M
Accrual for Environmental Loss Contingencies$945.0M———$1.1B—
Property and other taxes, including payroll————$1.5B$1.5B
Allowance for doubtful accounts$259.0M$240.0M$188.0M$191.0M$176.0M$175.0M
Capitalized Exploratory Well Costs that Have Been Capitalized for Period Greater than One Year$1.6B———$1.6B—
Capitalized exploratory well costs that have been capitalized for a period of one year or less$17.0M———$148.0M—
Commercial paper borrowings outstanding$5.4B———$4.6B—
Common stock, capital shares reserved for future issuance$1.6M———$1.6M—
Common Stock, Held-in-Trust$240.0M$240.0M$240.0M$240.0M$240.0M$240.0M
Common stock, par value (in dollars per share)$0.75$0.75$0.75$0.75$0.75$0.75
Common stock, shares authorized (in shares)6B6B6B6B6B6B
Common stock, shares issued (in shares)2.4B2.4B2.4B2.4B2.4B2.4B
Deferred compensation obligations$240.0M$240.0M——$240.0M$240.0M
Contract With Customer, Liability, And Other Noncurrent Liability$22.1B$21.6B$21.9B$23.6B$24.5B$24.5B
Short-term debt and current portion of long-term debt$12.7B———$10.9B—
Long-term debt, gross$14.8B———$30.9B—
Deferred Gains (Losses) In Accumulated Other Comprehensive Losses Due To Outstanding Crude Oil Price Hedging Contracts—-$23.0M$6.0M$7.0M$10.0M-$153.0M
Deferred Tax Liabilities, Gross$25.9B———$40.8B—
Deferred income taxes$19.1B$19.6B$19.7B$29.8B$30.0B$29.9B
Deferred Tax Assets, Gross$31.6B———$40.5B—
Deferred Tax Assets, Operating Loss Carryforwards$3.0B———$7.1B—
Deferred tax assets, tax credit carryforwards, foreign$15.3B———$18.9B—
Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Employee Benefits$2.1B———$1.9B—
Accrued expenses$1.1B———$909.0M—
Deferred Tax Assets, Valuation Allowance$21.3B———$26.9B—
Deferred Tax Liabilities, Net$15.6B———$27.2B—
Deferred Tax Liabilities, Property, Plant and Equipment$20.6B———$34.1B—
Defined Benefit Plan Accumulated Other Comprehensive Income Before Tax$3.4B———$3.2B—
Defined Benefit Plan, Health Care Cost Trend Rate Assumed, Next Fiscal Year$0.1———$0.1—
Defined Benefit Plan, Ultimate Health Care Cost Trend Rate$0.0———$0.0—
Margin cash collateral received from counterparties that was not offset against derivative assets—————$870.0M
Property, plant and equipment — net$481.0M$28.0M$28.0M$26.0M$25.0M$18.0M
Unrecognized compensation cost related to non-vested awards$320.0M———$379.0M—
Equity method investments (Note 11)$46.6B———$43.0B—
Estimated excess of current replacement cost over LIFO cost of inventories$6.0B———$4.8B—
Finance Lease Liability Payments Due After Year Five$445.0M———$524.0M—
2027$83.0M———$825.0M—
Committed Revolving Credit Facilities$8.3B———$11.4B—
Long-Term Debt and Lease Obligation$20.1B———$39.8B—
Fair value of long-term debt$529.0M———$649.0M—
2028$2.3B———$5.7B—
2029$2.2B———$4.8B—
2029$500.0M———$5.4B—
2030$600.0M———$1.6B—
Thereafter$5.3B———$11.2B—
2027$4.0B———$2.3B—
Number of native american tribes2000000.002000000.002000000.002000000.002000000.002000000.00
Noncontrolling interests in subsidiaries$839.0M$836.0M$841.0M$5.8B$5.7B$5.7B
Number of Chevron treasury stocks held in benefit plan trust for funding obligations (in shares)14.2M14.2M14.2M14.2M14.2M14.2M
Operating Loss Carryforwards$9.2B———$29.2B—
Other Commitment$2.2B$2.4B$2.3B$2.2B—$2.1B
Preferred Stock, Par or Stated Value Per Share$1.00$1.00$1.00$1.00$1.00$1.00
Preferred Stock, Shares Authorized100M100M100M100M100M100M
Preferred Stock, Shares Issued000000
Prepaid expenses$4.4B$5.2B$4.1B$4.8B$4.5B$5.0B
Number of exploratory wells that have been capitalized for a period greater than one year$14.0———$15.0—
2024$1.1B———$1.6B—
2025$1.3B———$1.8B—
2026$1.3B———$1.8B—
2023$1.0B———$1.3B—
Restructuring Reserve$990.0M$989.0M$933.0M$861.0M$683.0M$439.0M
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number$23.2M———$22.2M—
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Exercise Price$122.6———$123.8—
Incentive stock program, shares reserved for future grants (in shares)$559.5K———$537.2K—
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Intrinsic Value$687.0M———$704.0M—
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Weighted Average Exercise Price$114.2———$116.4—
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Intrinsic Value$675.0M———$703.0M—
Time Deposits At Carrying Value$4.0M$5.0M$5.0M$2.0M$4.0M$4.0M
Treasury stock, shares (in shares)673.7M696.3M714.7M429.2M448.3M451.1M
Unrecognized tax benefits$4.9B———$2.6B—
Penalties and interest accrued on unrecognized tax benefits$268.0M———$306.0M—
Unrecorded Unconditional Purchase Obligation - Due After Year Four$6.9B———$11.1B—
Unrecorded Unconditional Purchase Obligation - Due Year Two$1.1B———$1.6B—
Unrecorded Unconditional Purchase Obligation - Due Year Three$1.3B———$1.8B—
Unrecorded Unconditional Purchase Obligation - Due Year Four$1.3B———$1.8B—

Non-Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Debt Maturity - 2027$500.0M———$5.4B—
Debt - Unamortized Discount (Premium) and Issuance Costs, Net$14.0M———$45.0M—
Deferred tax liabilities$25.9B———$40.8B—
Defined Benefit Pension Plan Liabilities (Non-Current)$3.9B$3.8B$3.9B$4.1B$4.1B$3.9B
Lease Liability Payments - Due After Year Five$445.0M———$524.0M—
Operating Lease Liability Payments - Thereafter (Lessee)$1.3B———$1.7B—
Long-term debt$20.1B$25.6B$23.3B$38.0B$39.8B$39.6B
Long-Term Debt and Finance Lease Obligations$20.1B———$39.8B—
Retirement and nonpension postretirement benefit obligations$3.9B$3.8B$3.9B$4.1B$4.1B$3.9B
Redeemable long-term debt$3.1B———$3.0B—
Total Carrying Value of Debt$14.8B———$30.9B—
Total liabilities$103.8B$106.3B$103.6B$130.9B$68.0M$49.0M
Unrecognized Tax Benefits$4.9B———$2.6B—
Unrecognized Tax Benefits - Income Tax Penalties and Interest Accrued$268.0M———$306.0M—