What is Chevron's PP&E (net)?

Chevron (CVX) reported PP&E (net) of $34.15B in Q4 2025.

How has Chevron's PP&E (net) changed year-over-year?

Chevron's PP&E (net) increased by 65.4% year-over-year, from $20.65B to $34.15B.

What is the long-term trend for Chevron's PP&E (net)?

Over 5 years (2020 to 2025), Chevron's PP&E (net) has grown at a -26.3% compound annual growth rate (CAGR), from $156.62B to $34.15B.

What does PP&E (net) mean?

Total property, plant, and equipment minus accumulated depreciation — the net book value of all tangible long-lived assets.

Chevron CVX PP&E (Net)

Discontinued — last reported Q4 '25

PP&E (Net) at other companies

Exxon MobilXOM

$298.78B+2.1%

World KinectWKC

$347.4M-27.6%

EOG ResourcesEOG

$42.67B+23.2%

Par Pacific Holdings, Inc.PARR

$1.21B+3.9%

NewMarketNEU

$780.62M+6.3%

Clean Energy FuelsCLNE

$318.38M-0.1%

Segments

By segment

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Upstream$129.07B-4.4%

Downstream$16.61B-0.2%

By geography

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United States$68.18B+3.5%

Australia$38.97B-5.9%

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:DeferredTaxLiabilitiesPropertyPlantAndEquipment.

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 PP&E (net)?: Chevron (CVX) reported PP&E (net) of $34.15B in Q4 2025.
How has Chevron's PP&E (net) changed year-over-year?: Chevron's PP&E (net) increased by 65.4% year-over-year, from $20.65B to $34.15B.
What is the long-term trend for Chevron's PP&E (net)?: Over 5 years (2020 to 2025), Chevron's PP&E (net) has grown at a -26.3% compound annual growth rate (CAGR), from $156.62B to $34.15B.
What does PP&E (net) mean?: Total property, plant, and equipment minus accumulated depreciation — the net book value of all tangible long-lived assets.