Downstream — Equity Method Investments
Business Segments · Equity Method InvestmentsChevron Downstream — Equity Method Investments increased by 0.9% to $15.28B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 0.9%, from $15.15B to $15.28B.
Analysis
StatementSegment
CategoryCapital Allocation
SignalContext dependent
VolatilityModerate
First reportedQ4 2021
Last reportedQ4 2025
How to read this metric
Growth indicates expansion through partnerships, while a decline suggests divestment or consolidation of joint ventures.
Detailed definition
The carrying value of investments in entities where the downstream segment exercises significant influence but does not...
Peer comparison
Standard metric for oil majors that utilize joint ventures to share capital risk in downstream infrastructure.
Metric ID:
cvx_segment_downstream_equity_method_investmentsHistorical Data
5 periods
| Q4 '21 | Q4 '22 | Q4 '23 | Q4 '24 | Q4 '25 | |
|---|---|---|---|---|---|
| Value | $11.80B | $13.42B | $14.50B | $15.15B | $15.28B |
| QoQ Change | — | +13.8% | +8.1% | +4.5% | +0.9% |
| YoY Change | — | +13.8% | +8.1% | +4.5% | +0.9% |
Range$11.80B – $15.28B
CAGR+29.6%
Avg YoY Growth+6.8%
Median YoY Growth+6.3%
Current Streak4+ quarters growth
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Frequently Asked Questions
- What is Chevron's downstream — equity method investments?
- Chevron (CVX) reported downstream — equity method investments of $15.28B in Q4 2025.
- How has Chevron's downstream — equity method investments changed year-over-year?
- Chevron's downstream — equity method investments increased by 0.9% year-over-year, from $15.15B to $15.28B.
- What does downstream — equity method investments mean?
- The value of the segment's ownership stakes in partially-owned business ventures.