Upstream — Equity Method Investments
Business Segments · Equity Method InvestmentsChevron Upstream — Equity Method Investments decreased by 11.8% to $27.74B in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 11.8%, from $31.47B to $27.74B.
Analysis
StatementSegment
CategoryCapital Allocation
SignalContext dependent
VolatilityModerate
First reportedQ4 2021
Last reportedQ4 2025
How to read this metric
An increase reflects strategic expansion through partnerships, while a decrease suggests divestment or project completion.
Detailed definition
The carrying value of investments in joint ventures or partnerships where the company exercises significant influence bu...
Peer comparison
Standard for energy firms that utilize joint operating agreements to manage exploration risk.
Metric ID:
cvx_segment_upstream_equity_method_investmentsHistorical Data
5 periods
| Q4 '21 | Q4 '22 | Q4 '23 | Q4 '24 | Q4 '25 | |
|---|---|---|---|---|---|
| Value | $28.57B | $31.20B | $31.62B | $31.47B | $27.74B |
| QoQ Change | — | +9.2% | +1.4% | -0.5% | -11.8% |
| YoY Change | — | +9.2% | +1.4% | -0.5% | -11.8% |
Range$27.74B – $31.62B
CAGR-2.9%
Avg YoY Growth-0.4%
Median YoY Growth+0.4%
Current Streak2 quarters decline
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Frequently Asked Questions
- What is Chevron's upstream — equity method investments?
- Chevron (CVX) reported upstream — equity method investments of $27.74B in Q4 2025.
- How has Chevron's upstream — equity method investments changed year-over-year?
- Chevron's upstream — equity method investments decreased by 11.8% year-over-year, from $31.47B to $27.74B.
- What does upstream — equity method investments mean?
- The value of the company's stake in joint ventures within the upstream segment.