Asset retirement obligations
Non-Current LiabilitiesChevron Asset retirement obligations increased by 10.5% to $13.92B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 21.8%, from $11.43B to $13.92B. Over 5 years (FY 2020 to FY 2025), Asset retirement obligations shows an upward trend with a 3.2% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
An increase suggests higher future environmental remediation costs or an expansion of the asset base requiring eventual decommissioning.
Detailed definition
This represents the estimated legal and environmental liability associated with the future retirement of long-lived tang...
Peer comparison
Standard across oil and gas majors; peers often report this under environmental provisions or decommissioning liabilities.
asset_retirement_obligationsHistorical Data
| Q4 '21 | Q4 '22 | Q4 '23 | Q3 '24 | Q4 '24 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|
| Value | $11.61B | $11.42B | $12.12B | $11.40B | $11.43B | $12.60B | $13.92B |
| QoQ Change | — | -1.7% | +6.2% | -6.0% | +0.3% | +10.2% | +10.5% |
| YoY Change | — | -1.7% | +6.2% | — | -5.7% | +10.5% | +21.8% |
Asset retirement obligations at Other Companies
Frequently Asked Questions
- What is Chevron's asset retirement obligations?
- Chevron (CVX) reported asset retirement obligations of $13.92B in Q4 2025.
- How has Chevron's asset retirement obligations changed year-over-year?
- Chevron's asset retirement obligations increased by 21.8% year-over-year, from $11.43B to $13.92B.
- What is the long-term trend for Chevron's asset retirement obligations?
- Over 5 years (2020 to 2025), Chevron's asset retirement obligations has grown at a 3.2% compound annual growth rate (CAGR), from $11.88B to $13.92B.
- What does asset retirement obligations mean?
- The estimated future cost to dismantle and clean up facilities once they are no longer in use.