Non-Current Assets
PP&E (Gross)
Chevron PP&E (Gross) increased by 0.9% to $438.92B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 25.8%, from $348.82B to $438.92B. Over 5 years (FY 2020 to FY 2025), PP&E (Gross) shows an upward trend with a 4.7% CAGR.
Analysis
StatementBalance Sheet Statement
SectionNon-Current Assets
CategoryCapital Allocation
SignalContext dependent
VolatilityStable
First reportedQ4 2019
Last reportedQ1 2026May 7, 2026
Parent metricPP&E (Net)
How to read this metric
An increase indicates ongoing capital investment and expansion of physical capacity; a decrease suggests asset disposals or a shift toward asset-light models.
Detailed definition
This represents the total historical cost of all tangible long-lived assets, such as buildings, machinery, and equipment...
Peer comparison
Standard across capital-intensive industries; peers report this as 'Gross Property, Plant, and Equipment'.
Metric ID:
ppe_total_grossHistorical Data
20 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $342.16B | $328.57B | $336.05B | $335.34B | $322.54B | $325.10B | $327.79B | $330.41B | $327.08B | $342.52B | $346.08B | $350.50B | $349.86B | $343.45B | $345.93B | $348.82B | $352.04B | $429.27B | $434.96B | $438.92B |
| QoQ Change | — | -4.0% | +2.3% | -0.2% | -3.8% | +0.8% | +0.8% | +0.8% | -1.0% | +4.7% | +1.0% | +1.3% | -0.2% | -1.8% | +0.7% | +0.8% | +0.9% | +21.9% | +1.3% | +0.9% |
| YoY Change | — | — | — | — | -5.7% | -1.1% | -2.5% | -1.5% | +1.4% | +5.4% | +5.6% | +6.1% | +7.0% | +0.3% | -0.0% | -0.5% | +0.6% | +25.0% | +25.7% | +25.8% |
| % of PP&E (Net) | 226.3% | 222.1% | 228.7% | 232.2% | 223.4% | 225.5% | 228.3% | 231.1% | 229.1% | 222.5% | 225.3% | 228.1% | 228.7% | 232.2% | 1675.4% | 235.5% | 238.8% | 195.6% | 1273.7% | — |
| Share Change | — | -4.2pp | +6.6pp | +3.5pp | -8.8pp | +2.2pp | +2.7pp | +2.9pp | -2.0pp | -6.6pp | +2.8pp | +2.8pp | +0.5pp | +3.6pp | +1443.2pp | -1439.9pp | +3.3pp | -43.2pp | +1078.1pp | — |
Range$322.54B – $438.92B
CAGR+5.4%
Avg YoY Growth+5.7%
Median YoY Growth+1.0%
Current Streak6 quarters growth
Business Segments
| Segment | Q4 '23 | Q4 '24 |
|---|---|---|
| Upstream | $301.95B | $300.84B |
| Downstream | $39.59B | $40.67B |
| Total | $346.08B | $345.93B |
Geographic Breakdown — United States
| Segment | Q4 '23 | Q4 '24 |
|---|---|---|
| United States | $153.54B | $161.08B |
| Total | $346.08B | $345.93B |
Geographic Breakdown — International
| Segment | Q4 '21 | Q4 '22 | Q4 '23 | Q4 '24 | Q4 '25 |
|---|---|---|---|---|---|
| International | $211.04B | $196.99B | $192.54B | $184.85B | $242.58B |
| Total | $336.05B | $327.79B | $346.08B | $345.93B | $434.96B |
PP&E (Gross) at Other Companies
Frequently Asked Questions
- What is Chevron's pp&e (gross)?
- Chevron (CVX) reported pp&e (gross) of $438.92B in Q1 2026.
- How has Chevron's pp&e (gross) changed year-over-year?
- Chevron's pp&e (gross) increased by 25.8% year-over-year, from $348.82B to $438.92B.
- What is the long-term trend for Chevron's pp&e (gross)?
- Over 5 years (2020 to 2025), Chevron's pp&e (gross) has grown at a 4.7% compound annual growth rate (CAGR), from $345.23B to $434.96B.
- What does pp&e (gross) mean?
- The total original cost of all physical assets like buildings and equipment before subtracting depreciation.