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$212.61-0.2%Stored close · as of Nov 6, 2026
Contents
Selected Operating Data
| Management's Discussion and Analysis of Financial Condition and Results of Operations | Financial Table of Contents |
|---|
Selected Operating Data 1,2
| Unit | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
| U.S. Upstream | ||||
| Net Crude Oil and Natural Gas Liquids (NGLs) Production | MBD | 997 | 888 | 858 |
| Net Natural Gas Production3 | MMCFD | 2,112 | 1,758 | 1,689 |
| Net Oil-Equivalent Production | MBOED | 1,349 | 1,181 | 1,139 |
| Sales of Natural Gas4 | MMCFD | 4,637 | 4,354 | 3,986 |
| Sales of NGLs | MBD | 354 | 276 | 201 |
| Revenues from Net Production | ||||
| Crude | $/BBL | $75.04 | $92.41 | $65.29 |
| NGLs | $/BBL | $20.04 | $33.80 | $28.46 |
| Liquids (weighted average of Crude and NGLs) | $/BBL | $59.19 | $76.71 | $56.06 |
| Natural Gas | $/MCF | $1.67 | $5.55 | $3.11 |
| International Upstream | ||||
| Net Crude Oil and NGLs Production5 | MBD | 833 | 831 | 956 |
| Net Natural Gas Production3 | MMCFD | 5,632 | 5,919 | 6,020 |
| Net Oil-Equivalent Production5 | MBOED | 1,771 | 1,818 | 1,960 |
| Sales of Natural Gas | MMCFD | 6,025 | 5,786 | 5,178 |
| Sales of NGLs | MBD | 94 | 107 | 84 |
| Revenues from Liftings | ||||
| Crude | $/BBL | $74.29 | $93.73 | $65.77 |
| NGLs | $/BBL | $24.01 | $37.56 | $40.35 |
| Liquids (weighted average of Crude and NGLs) | $/BBL | $71.70 | $90.71 | $64.53 |
| Natural Gas | $/MCF | $7.69 | $9.75 | $5.93 |
| Worldwide Upstream | ||||
| United States | MBOED | 1,349 | 1,181 | 1,139 |
| International | MBOED | 1,771 | 1,818 | 1,960 |
| Total | MBOED | 3,120 | 2,999 | 3,099 |
| U.S. Downstream | ||||
| Gasoline Sales6 | MBD | 642 | 639 | 655 |
| Other Refined Product Sales | MBD | 645 | 589 | 484 |
| Total Refined Product Sales | MBD | 1,287 | 1,228 | 1,139 |
| Sales of Natural Gas4 | MMCFD | 32 | 24 | 21 |
| Sales of NGLs | MBD | 22 | 27 | 29 |
| Refinery Crude Oil Input | MBD | 934 | 866 | 903 |
| International Downstream | ||||
| Gasoline Sales6 | MBD | 353 | 336 | 321 |
| Other Refined Product Sales | MBD | 1,092 | 1,050 | 994 |
| Total Refined Product Sales7 | MBD | 1,445 | 1,386 | 1,315 |
| Sales of Natural Gas4 | MMCFD | 1 | 3 | — |
| Sales of NGLs | MBD | 153 | 127 | 96 |
| Refinery Crude Oil Input | MBD | 626 | 639 | 576 |
| 1 Includes company share of equity affiliates. | ||||
| 2 MBD – thousands of barrels per day; MMCFD – millions of cubic feet per day; MBOED – thousands of barrels of oil-equivalents per day; Bbl – barrel; MCF – thousands of cubic feet. Oil-equivalent gas (OEG) conversion ratio is 6,000 cubic feet of natural gas = 1 barrel of crude oil; MBOED - thousands of barrels of oil-equivalent per day. | ||||
| 3 Includes natural gas consumed in operations: | ||||
| United States | MMCFD | 64 | 53 | 44 |
| International | MMCFD | 532 | 517 | 548 |
| 4 Downstream sales of Natural Gas separately identified from Upstream. | ||||
| 5 Includes net production of synthetic oil: | ||||
| Canada | MBD | 51 | 45 | 55 |
| 6 Includes branded and unbranded gasoline. | ||||
| 7 Includes sales of affiliates: | MBD | 389 | 389 | 357 |
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