Upstream Equipment — Goodwill

Business Segments · Goodwill

Chevron Upstream Equipment — Goodwill remained flat by 0.0% to $4.22B in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 0.2%, from $4.23B to $4.22B. Over 4 years (FY 2021 to FY 2025), Upstream Equipment — Goodwill shows relatively stable performance with a -1.0% CAGR.

Analysis

StatementSegment
CategoryMarket Position
SignalContext dependent
VolatilityStable
First reportedQ4 2017
Last reportedQ4 2025
Rolls up toGoodwill

How to read this metric

An increase suggests recent acquisitions, while a decrease indicates impairment due to reduced expectations of future segment performance.

Detailed definition

Represents the excess of the purchase price over the fair value of identifiable net assets acquired in business combinat...

Peer comparison

Standard across major integrated oil companies; peers often report this as part of segment-level intangible assets.

Metric ID: cvx_segment_upstream_goodwill

Historical Data

19 periods
 Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Value$4.40B$4.40B$4.39B$4.37B$4.37B$4.37B$4.37B$4.37B$4.37B$4.37B$4.37B$4.37B$4.37B$4.37B$4.23B$4.22B$4.22B$4.22B$4.22B
QoQ Change+0.0%-0.4%-0.3%-0.1%+0.0%+0.0%+0.0%+0.0%+0.0%+0.0%+0.0%+0.0%+0.0%-3.3%-0.2%+0.0%+0.0%+0.0%
YoY Change-0.7%-0.7%-0.3%-0.1%+0.0%+0.0%+0.0%+0.0%+0.0%+0.0%-3.3%-3.5%-3.5%-3.5%-0.2%
Range$4.22B$4.40B
CAGR-1.0%
Avg YoY Growth-1.1%
Median YoY Growth-0.2%
Current Streak3 quarters growth

Frequently Asked Questions

What is Chevron's upstream equipment — goodwill?
Chevron (CVX) reported upstream equipment — goodwill of $4.22B in Q4 2025.
How has Chevron's upstream equipment — goodwill changed year-over-year?
Chevron's upstream equipment — goodwill decreased by 0.2% year-over-year, from $4.23B to $4.22B.
What is the long-term trend for Chevron's upstream equipment — goodwill?
Over 4 years (2021 to 2025), Chevron's upstream equipment — goodwill has grown at a -1.0% compound annual growth rate (CAGR), from $17.59B to $16.86B.
What does upstream equipment — goodwill mean?
The intangible value assigned to the upstream segment following past acquisitions.

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