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Chevron CVX Upstream — Total Assets

Other segment segments

Downstream
$55.24B—

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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:Assets.

The official record: Chevron’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Chevron's upstream — total assets?
Chevron (CVX) reported upstream — total assets of $257B in Q1 2026.
How has Chevron's upstream — total assets changed year-over-year?
Chevron's upstream — total assets increased by 37.4% year-over-year, from $187.01B to $257B.
What is the long-term trend for Chevron's upstream — total assets?
Over 4 years (2021 to 2025), Chevron's upstream — total assets has grown at a 4.4% compound annual growth rate (CAGR), from $749.03B to $888.2B.
What does upstream — total assets mean?
The total economic resources controlled by the upstream segment, including exploration rights, production facilities, and working capital. This metric captures the scale of capital deployed in the search for and extraction of hydrocarbons.