Property, plant and equipment, net
Chevron Property, plant and equipment, net decreased by 0.7% to $218.15B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 47.3%, from $148.12B to $218.15B. Over 5 years (FY 2020 to FY 2025), Property, plant and equipment, net shows an upward trend with a 7.0% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
Growth indicates ongoing investment in infrastructure and capacity, while a decline may suggest high depreciation rates outpacing capital expenditure.
Detailed definition
This represents the net book value of the company's physical infrastructure, including rail tracks, locomotives, rolling...
Peer comparison
The dominant asset category for all Class-1 railroads; essential for benchmarking asset intensity.
non_current_assets_property_plant_and_equipment_and_fina_e3effdHistorical Data
| Q4 '21 | Q4 '22 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $146.96B | $143.59B | $153.62B | $153.64B | $153.00B | $147.89B | $147.80B | $148.12B | $147.44B | $219.49B | $219.73B | $218.15B |
| QoQ Change | — | -2.3% | +7.0% | +0.0% | -0.4% | -3.3% | -0.1% | +0.2% | -0.5% | +48.9% | +0.1% | -0.7% |
| YoY Change | — | -2.3% | +7.0% | — | — | — | -3.8% | -3.6% | -3.6% | +48.4% | +48.7% | +47.3% |
Business Segments
| Segment | Q4 '23 | Q4 '24 |
|---|---|---|
| Upstream | $134.95B | $129.07B |
| Downstream | $16.64B | $16.61B |
| Total | $153.62B | $147.80B |
Geographic Breakdown — United States
| Segment | Q4 '23 | Q4 '24 |
|---|---|---|
| United States | $65.90B | $68.18B |
| Australia | $41.41B | $38.97B |
| Total | $153.62B | $147.80B |
Geographic Breakdown — International
| Segment | Q4 '21 | Q4 '22 | Q4 '23 | Q4 '24 | Q4 '25 |
|---|---|---|---|---|---|
| International | $98.09B | $91.80B | $87.72B | $79.62B | $129.20B |
| Total | $146.96B | $143.59B | $153.62B | $147.80B | $219.73B |
Property, plant and equipment, net at Other Companies
Frequently Asked Questions
- What is Chevron's property, plant and equipment, net?
- Chevron (CVX) reported property, plant and equipment, net of $218.15B in Q1 2026.
- How has Chevron's property, plant and equipment, net changed year-over-year?
- Chevron's property, plant and equipment, net increased by 47.3% year-over-year, from $148.12B to $218.15B.
- What is the long-term trend for Chevron's property, plant and equipment, net?
- Over 5 years (2020 to 2025), Chevron's property, plant and equipment, net has grown at a 7.0% compound annual growth rate (CAGR), from $156.62B to $219.73B.
- What does property, plant and equipment, net mean?
- The net value of the company's physical assets like tracks, trains, and buildings after accounting for wear and tear.