CHEVRON CORP
For the period ended Dec 31, 2024. Filed Feb 21, 2025.
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FY2024 · Filed Feb 21, 2025
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Table IV
Table IV - Results of Operations for Oil and Gas Producing Activities - Unit Prices and Costs 1
| Consolidated Companies · Affiliated Companies | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Other | |||||||||
| U.S. | Americas | Africa | Asia | Australia | Europe | Total | TCO | Other | |
| Average sales prices | |||||||||
| Crude, per barrel | $73.47 | $70.06 | $75.69 | $71.22 | $74.20 | $77.47 | $73.27 | $67.02 | $— |
| Natural gas liquids, per barrel | 19.88 | 26.53 | 32.13 | — | 59.48 | — | 20.51 | 12.09 | 47.61 |
| Natural gas, per thousand cubic feet | 1.03 | 1.03 | 4.14 | 4.21 | 10.24 | 9.10 | 4.99 | 1.57 | 7.75 |
| Average production costs, per barrel2 | 9.41 | 14.28 | 18.07 | 6.80 | 3.37 | 16.43 | 9.23 | 5.44 | 2.89 |
| Average sales prices | |||||||||
| Crude, per barrel | $74.36 | $72.85 | $72.86 | $70.05 | $78.93 | $83.00 | $73.76 | $66.44 | $— |
| Natural gas liquids, per barrel | 20.01 | 29.00 | 27.80 | — | 51.00 | — | 20.79 | 9.43 | 45.33 |
| Natural gas, per thousand cubic feet | 1.65 | 2.63 | 3.95 | 4.10 | 11.43 | 12.00 | 6.01 | 1.31 | 10.34 |
| Average production costs, per barrel2 | 11.19 | 16.13 | 16.35 | 7.82 | 3.41 | 12.80 | 10.23 | 4.47 | 2.94 |
| Average sales prices | |||||||||
| Crude, per barrel | $91.88 | $90.04 | $100.82 | $85.64 | $98.00 | $102.00 | $92.92 | $85.71 | $— |
| Natural gas liquids, per barrel | 33.76 | 34.33 | 35.43 | — | — | — | 34.31 | 20.83 | 65.33 |
| Natural gas, per thousand cubic feet | 5.53 | 5.15 | 9.00 | 4.02 | 15.34 | 27.00 | 8.85 | 0.95 | 29.44 |
| Average production costs, per barrel2 | 11.10 | 17.00 | 14.43 | 8.49 | 3.79 | 12.00 | 10.16 | 3.85 | 3.36 |
1 The value of owned production consumed in operations as fuel has been eliminated from revenues and production expenses, and the related volumes have been deducted from net production in calculating the unit average sales price and production cost. This has no effect on the results of producing operations.
2 Natural gas converted to oil-equivalent gas (OEG) barrels at a rate of 6 MCF = 1 OEG barrel.
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