CHEVRON CORP

For the period ended Dec 31, 2025. Filed Feb 24, 2026.

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.

FY2025 · Filed Feb 24, 2026

CVX$212.61-0.2%Stored close · as of Nov 6, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Statement of Equity

Millions of dollars, except per-share amounts
Consolidated Statement of Equity	Financial Table of Contents

Acc. Other · Treasury · Chevron Corp.
Common · Retained · Comprehensive · Stock · Stockholders’ · Noncontrolling · Total
Stock1 · Earnings · Income (Loss) · (at cost) · Equity · Interests · Equity
Balance at December 31, 2022	$20,252		$190,024	$(2,798)	$(48,196)	$159,282	$960	$160,242
Treasury stock transactions	174		—	—	—	174	—	174
PDC Energy, Inc. acquisition	2,550		—	—	3,970	6,520	—	6,520
Net income (loss)	—		21,369	—	—	21,369	42	21,411
Cash dividends ($6.04 per share)	—		(11,336)	—	—	(11,336)	(54)	(11,390)
Stock dividends	—		(9)	—	—	(9)	—	(9)
Other comprehensive income	—		—	(162)	—	(162)	—	(162)
Purchases of treasury shares	—		—	—	(15,085)	(15,085)	—	(15,085)
Issuances of treasury shares	17		—	—	246	263	—	263
Other changes, net	(36)		(23)	—	—	(59)	24	(35)
Balance at December 31, 2023	$22,957		$200,025	$(2,960)	$(59,065)	$160,957	$972	$161,929
Treasury stock transactions	255		—	—	—	255	—	255
Net income (loss)	—		17,661	—	—	17,661	88	17,749
Cash dividends ($6.52 per share)	—		(11,801)	—	—	(11,801)	(210)	(12,011)
Stock dividends	—		(22)	—	—	(22)	—	(22)
Other comprehensive income	—		—	200	—	200	—	200
Purchases of treasury shares	—		—	—	(15,374)	(15,374)	—	(15,374)
Issuances of treasury shares	51		—	—	402	453	—	453
Other changes, net	—		(11)	—	—	(11)	(11)	(22)
Balance at December 31, 2024	$23,263		$205,852	$(2,760)	$(74,037)	$152,318	$839	$153,157
Treasury stock transactions	541		—	—	—	541	—	541
Hess Corporation acquisition	11,775		—	—	33,828	45,603	5,035	50,638
Net income (loss)	—		12,299	—	—	12,299	186	12,485
Cash dividends ($6.84 per share)	—		(12,751)	—	—	(12,751)	(334)	(13,085)
Stock dividends	—		(35)	—	—	(35)	—	(35)
Other comprehensive income	—		—	296	—	296	—	296
Purchases of treasury shares2	—		—	—	(12,225)	(12,225)	—	(12,225)
Issuances of treasury shares	(101)		—	—	505	404	—	404
Other changes, net	—		—	—	—	—	—	—
Balance at December 31, 2025	$35,478		$205,365	$(2,464)	$(51,929)	$186,450	$5,726	$192,176
	Common Stock Share Activity
Issued3 · Treasury · Outstanding
Balance at December 31, 2022		2,442,676,580		(527,460,237)		1,915,216,343
Purchases		—		(92,849,905)		(92,849,905)
Issuances		—		43,281,366		43,281,366
Balance at December 31, 2023		2,442,676,580		(577,028,776)		1,865,647,804
Purchases		—		(100,444,608)		(100,444,608)
Issuances		—		3,809,078		3,809,078
Balance at December 31, 2024		2,442,676,580		(673,664,306)		1,769,012,274
Purchases		—		(80,072,818)		(80,072,818)
Issuances		—		305,476,666		305,476,666
Balance at December 31, 2025		2,442,676,580		(448,260,458)		1,994,416,122
1 Beginning and ending balances for all periods include capital in excess of par, common stock issued at par for $1,832, and $(240) associated with Chevron’s Benefit Plan Trust. Changes reflect capital in excess of par.
2 Includes excise tax on share repurchases.
3 Beginning and ending total issued share balances include 14,168,000 shares associated with Chevron’s Benefit Plan Trust.
See accompanying Notes to the Consolidated Financial Statements.

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.