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Chevron CVX Downstream — Depreciation, Depletion and Amortization

Other segment segments

Upstream
$18.45B+19.0%
All Other
$66M-24.1%

Similar metrics at other companies

Imperial Oil logo
IMODownstream — Depreciation and depletion (includes impairments)
$56M+24.4%
Talos Energy logo
TALOUpstream — D&A
$230.38M-17.9%
Imperial Oil logo
IMODownstream — Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment
$4.6B+3.9%
National Fuel Gas logo
NFGIntegrated Upstream and Gathering — Depreciation, Depletion and Amortization
$80.55M+6.7%
Imperial Oil logo
IMOUpstream — Depreciation and depletion (includes impairments)
$447M-4.9%
EQT Corporation logo
EQTUpstream — Depreciation, depletion and amortization
$567.71M+4.5%

Other financials

Income statement

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Revenue$48.6B+2.1%
Gross profit$20.3B+7.1%
Net income$2.2B-36.9%
EPS (diluted)$1.11-44.5%

Balance sheet

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Cash & equivalents$6.3B+2.4%
Total debt$45.4B+53.1%
Total equity$183.72B+23.1%
Total assets$329.55B+28.5%

Cash flow

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Operating cash flow$2.5B-51.6%
CapEx$4.1B+3.5%
Free cash flow-$1.5B-223%

Valuation

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Market cap$346.64B+35.8%
Enterprise value$385.75B+38.1%
P/E31.5×+12.9×
P/S1.8×+0.5×

Profitability

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Gross margin43.2%+2.8pp
Net margin5.8%-2.0pp
FCF margin7.3%+0.5pp

Returns & leverage

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Return on equity6.6%-3.5pp
Debt / equity0.2×0.0×
Current ratio1.1×0.0×

Where this comes from

Reported directly by Chevron in its filing.

Tagged under the XBRL concept us-gaap:DepreciationDepletionAndAmortization.

The official record: Chevron’s 10-K, filed February 24, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Chevron's downstream — depreciation, depletion and amortization?
Chevron (CVX) reported downstream — depreciation, depletion and amortization of $351M in Q4 2025.
How has Chevron's downstream — depreciation, depletion and amortization changed year-over-year?
Chevron's downstream — depreciation, depletion and amortization decreased by 3.2% year-over-year, from $362.75M to $351M.
What is the long-term trend for Chevron's downstream — depreciation, depletion and amortization?
Over 4 years (2021 to 2025), Chevron's downstream — depreciation, depletion and amortization has grown at a 5.6% compound annual growth rate (CAGR), from $1.13B to $1.4B.
What does downstream — depreciation, depletion and amortization mean?
The systematic allocation of the cost of tangible and intangible assets over their useful lives within the downstream segment. This non-cash expense reflects the consumption of the segment's capital base.