CHEVRON CORP
For the period ended Dec 31, 2025. Filed Feb 24, 2026.
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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.
FY2025 · Filed Feb 24, 2026
CVX$211.22+0.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statement of Cash Flows
| Consolidated Statement of Cash Flows | Financial Table of Contents |
|---|---|
| Millions of dollars | |
| 2025 · 2024 · 2023 | |||
|---|---|---|---|
| Operating Activities | |||
| Net Income (Loss) | $12,485 | $17,749 | $21,411 |
| Adjustments | |||
| Depreciation, depletion and amortization | 20,132 | 17,282 | 17,326 |
| Dry hole expense | 325 | 429 | 436 |
| Distributions more (less) than income from equity affiliates | 2,282 | (366) | (885) |
| Net before-tax gains on asset retirements and sales | (462) | (1,685) | (138) |
| Net foreign currency effects | 585 | (629) | 578 |
| Deferred income tax provision | 986 | 1,240 | 298 |
| Net decrease (increase) in operating working capital | (1,008) | 1,211 | (3,185) |
| Decrease (increase) in long-term receivables | (132) | 114 | 150 |
| Net decrease (increase) in other deferred charges | (508) | (1,225) | (300) |
| Cash contributions to employee pension plans | (588) | (844) | (1,120) |
| Other | (158) | (1,784) | 1,038 |
| Net Cash Provided by Operating Activities | 33,939 | 31,492 | 35,609 |
| Investing Activities | |||
| Acquisition of businesses, net of cash received | 1,056 | — | 55 |
| Acquisition of Hess Corporation common stock | (2,225) | — | — |
| Capital expenditures | (17,347) | (16,448) | (15,829) |
| Proceeds and deposits related to asset sales and returns of investment | 1,826 | 7,704 | 669 |
| Net maturities of (investments in) time deposits | 1 | (4) | — |
| Net sales (purchases) of marketable securities | — | 45 | 175 |
| Net repayment (borrowing) of loans by equity affiliates | 778 | (233) | (302) |
| Net Cash Used for Investing Activities | (15,911) | (8,936) | (15,232) |
| Financing Activities | |||
| Net borrowings (repayments) of short-term obligations | (1,061) | 4,868 | 135 |
| Proceeds from issuances of long-term debt | 11,402 | 478 | 150 |
| Repayments of long-term debt and other financing obligations | (4,475) | (1,778) | (4,340) |
| Cash dividends - common stock | (12,751) | (11,801) | (11,336) |
| Net contributions from (distributions to) noncontrolling interests | (323) | (195) | (40) |
| Net sales (purchases) of treasury shares | (11,855) | (15,044) | (14,678) |
| Net Cash Provided by (Used for) Financing Activities | (19,063) | (23,472) | (30,109) |
| Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash | 58 | (97) | (114) |
| Net Change in Cash, Cash Equivalents and Restricted Cash | (977) | (1,013) | (9,846) |
| Cash, Cash Equivalents and Restricted Cash at January 1 | 8,262 | 9,275 | 19,121 |
| Cash, Cash Equivalents and Restricted Cash at December 31 | $7,285 | $8,262 | $9,275 |
| See accompanying Notes to the Consolidated Financial Statements. | |||
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