Discontinued — last reported Q4 '25
Non-Current Assets
PP&E (Net)
Chevron PP&E (Net) decreased by 84.4% to $34.15B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 65.4%, from $20.65B to $34.15B. Over 5 years (FY 2020 to FY 2025), PP&E (Net) shows a downward trend with a -26.3% CAGR.
Analysis
StatementBalance Sheet Statement
SectionNon-Current Assets
CategoryCapital Allocation
SignalContext dependent
VolatilityStable
First reportedQ4 2013
Last reportedQ4 2025Feb 24, 2026
How to read this metric
An increase indicates ongoing investment in physical capacity, whereas a decline may suggest aging assets or a strategy of asset-light operations.
Detailed definition
This metric represents the book value of tangible assets after subtracting accumulated depreciation from the total histo...
Peer comparison
Standard line item for all manufacturing and industrial companies; directly comparable across peers.
Metric ID:
property_plant_equipment_netHistorical Data
19 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $151.21B | $147.95B | $146.96B | $144.44B | $144.41B | $144.14B | $143.59B | $142.95B | $142.77B | $153.97B | $153.62B | $153.64B | $153.00B | $147.89B | $20.65B | $148.12B | $147.44B | $219.49B | $34.15B |
| QoQ Change | — | -2.2% | -0.7% | -1.7% | -0.0% | -0.2% | -0.4% | -0.4% | -0.1% | +7.8% | -0.2% | +0.0% | -0.4% | -3.3% | -86.0% | +617.4% | -0.5% | +48.9% | -84.4% |
| YoY Change | — | — | — | — | -4.5% | -2.6% | -2.3% | -1.0% | -1.1% | +6.8% | +7.0% | +7.5% | +7.2% | -3.9% | -86.6% | -3.6% | -3.6% | +48.4% | +65.4% |
Range$20.65B – $219.49B
CAGR-28.2%
Avg YoY Growth+2.2%
Median YoY Growth-1.1%
Business Segments
| Segment | Q4 '23 | Q4 '24 |
|---|---|---|
| Upstream | $134.95B | $129.07B |
| Downstream | $16.64B | $16.61B |
| Total | $153.62B | $20.65B |
Geographic Breakdown — United States
| Segment | Q4 '23 | Q4 '24 |
|---|---|---|
| United States | $65.90B | $68.18B |
| Australia | $41.41B | $38.97B |
| Total | $153.62B | $20.65B |
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 | $20.65B | $34.15B |
PP&E (Net) at Other Companies
Frequently Asked Questions
- What is Chevron's pp&e (net)?
- Chevron (CVX) reported pp&e (net) of $34.15B in Q4 2025.
- How has Chevron's pp&e (net) changed year-over-year?
- Chevron's pp&e (net) increased by 65.4% year-over-year, from $20.65B to $34.15B.
- What is the long-term trend for Chevron's pp&e (net)?
- Over 5 years (2020 to 2025), Chevron's pp&e (net) has grown at a -26.3% compound annual growth rate (CAGR), from $156.62B to $34.15B.
- What does pp&e (net) mean?
- The current book value of physical assets after accounting for wear and tear.