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Chevron CVX Upstream — Property, Plant and Equipment, Additions

Other segment segments

Downstream
$1.46B-21.4%

Similar metrics at other companies

Talos Energy logo
TALOUpstream — Noncurrentassetadditions
$140.87M+10.4%
EQT Corporation logo
EQTUpstream — Total capital expenditures
$499.26M+22.1%
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EQTUpstream — Other property, plant and equipment, at cost less accumulated depreciation
$27.07M+32.5%
Imperial Oil logo
IMOUpstream — Property, plant and equipment, less accumulated depreciation and depletion
$26.04B-0.9%
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IMOUpstream — Capital and exploration expenditures
$362M+36.1%
EQT Corporation logo
EQTUpstream — Property, Plant and Equipment, Net
$22.47B+6.6%

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:PropertyPlantAndEquipmentAdditions.

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 upstream — property, plant and equipment, additions?
Chevron (CVX) reported upstream — property, plant and equipment, additions of $22.55B in Q4 2025.
How has Chevron's upstream — property, plant and equipment, additions changed year-over-year?
Chevron's upstream — property, plant and equipment, additions increased by 543.4% year-over-year, from $3.5B to $22.55B.
What is the long-term trend for Chevron's upstream — property, plant and equipment, additions?
Over 4 years (2021 to 2025), Chevron's upstream — property, plant and equipment, additions has grown at a 90.4% compound annual growth rate (CAGR), from $6.87B to $90.19B.
What does upstream — property, plant and equipment, additions mean?
The total capital expenditure invested in new upstream infrastructure, exploration projects, and production assets during the period. This is a primary indicator of the company's commitment to replacing reserves and growing production capacity.