CHEVRON CORP

For the period ended Dec 31, 2023. Filed Feb 26, 2024.

About this filing

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

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Contents

Key Financial Results Earnings by Major Operating Area

Millions of dollars, except per-share amounts	2023	2022	2021
Net Income (Loss) Attributable to Chevron Corporation	$21,369	$35,465	$15,625
Per Share Amounts:
Net Income (Loss) Attributable to Chevron Corporation
– Basic	$11.41	$18.36	$8.15
– Diluted	$11.36	$18.28	$8.14
Dividends	$6.04	$5.68	$5.31
Sales and Other Operating Revenues	$196,913	$235,717	$155,606
Return on:
Capital Employed	11.9%	20.3%	9.4%
Stockholders’ Equity	13.3%	23.8%	11.5%
Earnings by Major Operating Area
Millions of dollars	2023	2022	2021
Upstream
United States	$4,148	$12,621	$7,319
International	13,290	17,663	8,499
Total Upstream	17,438	30,284	15,818
Downstream
United States	3,904	5,394	2,389
International	2,233	2,761	525
Total Downstream	6,137	8,155	2,914
All Other	(2,206)	(2,974)	(3,107)
Net Income (Loss) Attributable to Chevron Corporation1,2	$21,369	$35,465	$15,625
1 Includes foreign currency effects:	$(224)	$669	$306
2 Income net of tax, also referred to as “earnings” in the discussions that follow.

Refer to the Results of Operations section for a discussion of financial results by major operating area for the three years ended December 31, 2023. Throughout the document, certain totals and percentages may not sum to their component parts due to rounding.

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.