CHEVRON CORP
For the period ended Dec 31, 2023. Filed Feb 26, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 26, 2024
CVX$211.22+0.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statement of Cash Flows
| Consolidated Statement of Cash Flows | Financial Table of Contents |
|---|---|
| Millions of dollars | |
| 2023 · 2022 · 2021 | |||
|---|---|---|---|
| Operating Activities | |||
| Net Income (Loss) | $21,411 | $35,608 | $15,689 |
| Adjustments | |||
| Depreciation, depletion and amortization | 17,326 | 16,319 | 17,925 |
| Dry hole expense | 436 | 486 | 118 |
| Distributions more (less) than income from equity affiliates | (885) | (4,730) | (1,998) |
| Net before-tax gains on asset retirements and sales | (138) | (550) | (1,021) |
| Net foreign currency effects | 578 | (412) | (7) |
| Deferred income tax provision | 298 | 2,124 | 700 |
| Net decrease (increase) in operating working capital | (3,185) | 2,125 | (1,361) |
| Decrease (increase) in long-term receivables | 150 | 153 | 21 |
| Net decrease (increase) in other deferred charges | (300) | (212) | (320) |
| Cash contributions to employee pension plans | (1,120) | (1,322) | (1,751) |
| Other | 1,038 | 13 | 1,192 |
| Net Cash Provided by Operating Activities | 35,609 | 49,602 | 29,187 |
| Investing Activities | |||
| Acquisition of businesses, net of cash received | 55 | (2,862) | — |
| Capital expenditures | (15,829) | (11,974) | (8,056) |
| Proceeds and deposits related to asset sales and returns of investment | 669 | 2,635 | 1,791 |
| Net sales (purchases) of marketable securities | 175 | 117 | (1) |
| Net repayment (borrowing) of loans by equity affiliates | (302) | (24) | 401 |
| Net Cash Used for Investing Activities | (15,232) | (12,108) | (5,865) |
| Financing Activities | |||
| Net borrowings (repayments) of short-term obligations | 135 | 263 | (5,572) |
| Proceeds from issuances of long-term debt | 150 | — | — |
| Repayments of long-term debt and other financing obligations | (4,340) | (8,742) | (7,364) |
| Cash dividends - common stock | (11,336) | (10,968) | (10,179) |
| Net contributions from (distributions to) noncontrolling interests | (40) | (114) | (36) |
| Net sales (purchases) of treasury shares | (14,678) | (5,417) | 38 |
| Net Cash Provided by (Used for) Financing Activities | (30,109) | (24,978) | (23,113) |
| Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash | (114) | (190) | (151) |
| Net Change in Cash, Cash Equivalents and Restricted Cash | (9,846) | 12,326 | 58 |
| Cash, Cash Equivalents and Restricted Cash at January 1 | 19,121 | 6,795 | 6,737 |
| Cash, Cash Equivalents and Restricted Cash at December 31 | $9,275 | $19,121 | $6,795 |
| See accompanying Notes to the Consolidated Financial Statements. | |||
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