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
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Schedule II — Valuation and Qualifying Accounts
| Year ended December 31 | |||
|---|---|---|---|
| Millions of Dollars | 2023 | 2022 | 2021 |
| Employee Termination Benefits | |||
| Balance at January 1 | $11 | $43 | $470 |
| Additions (reductions) charged to expense | (2) | 1 | (30) |
| Payments | (3) | (33) | (397) |
| Balance at December 31 | $6 | $11 | $43 |
| Expected Credit Losses | |||
| Beginning allowance balance for expected credit losses | $1,008 | $745 | $671 |
| Current period provision | (367) | 263 | 74 |
| Write-offs charged against the allowance, if any | — | — | — |
| Balance at December 31 | $641 | $1,008 | $745 |
| Deferred Income Tax Valuation Allowance* | |||
| Balance at January 1 | $19,532 | $17,651 | $17,762 |
| Additions to deferred income tax expense | 2,348 | 3,533 | 3,691 |
| Reduction of deferred income tax expense | (1,464) | (1,652) | (3,802) |
| Balance at December 31 | $20,416 | $19,532 | $17,651 |
- See also Note 17 Taxes.
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