Upstream — Depreciation, Depletion and Amortization
Business Segments · Depreciation, Depletion and AmortizationChevron Upstream — Depreciation, Depletion and Amortization remained flat by 0.0% to $4.61B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 19.0%, from $3.87B to $4.61B. Over 4 years (FY 2021 to FY 2025), Upstream — Depreciation, Depletion and Amortization shows an upward trend with a 2.8% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
StatementSegment
CategoryEfficiency
SignalLower is better
VolatilityModerate
First reportedQ1 2020
Last reportedQ4 2025
Rolls up toD&A
How to read this metric
Higher levels often correlate with higher production volumes or the depletion of more expensive reserve bases.
Detailed definition
The systematic allocation of the cost of upstream assets over their useful lives, including the depletion of oil and gas...
Peer comparison
Standard metric for all extractive industries to account for the exhaustion of natural resources.
Metric ID:
cvx_segment_upstream_depreciation_depletion_and_amortizationHistorical Data
5 years
| FY'21 | FY'22 | FY'23 | FY'24 | FY'25 | |
|---|---|---|---|---|---|
| Value | $16.50B | $14.84B | $15.78B | $15.50B | $18.45B |
| YoY Change | — | -10.0% | +6.3% | -1.8% | +19.0% |
Range$14.84B – $18.45B
CAGR+2.8%
Avg YoY Growth+3.4%
Median YoY Growth+2.3%
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Frequently Asked Questions
- What is Chevron's upstream — depreciation, depletion and amortization?
- Chevron (CVX) reported upstream — depreciation, depletion and amortization of $4.61B in Q4 2025.
- How has Chevron's upstream — depreciation, depletion and amortization changed year-over-year?
- Chevron's upstream — depreciation, depletion and amortization increased by 19.0% year-over-year, from $3.87B to $4.61B.
- What is the long-term trend for Chevron's upstream — depreciation, depletion and amortization?
- Over 4 years (2021 to 2025), Chevron's upstream — depreciation, depletion and amortization has grown at a 2.8% compound annual growth rate (CAGR), from $16.50B to $18.45B.
- What does upstream — depreciation, depletion and amortization mean?
- The non-cash expense representing the wear and tear and depletion of upstream assets.