CHEVRON CORP
For the period ended Dec 31, 2025. Filed Feb 24, 2026.
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FY2025 · Filed Feb 24, 2026
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 | 2025 | 2024 | 2023 |
| Employee Termination Benefits | |||
| Balance at January 1 | $990 | $6 | $11 |
| Additions (reductions) charged to expense | 191 | 987 | (2) |
| Payments | (498) | (3) | (3) |
| Balance at December 31 | $683 | $990 | $6 |
| Expected Credit Losses | |||
| Beginning allowance balance for expected credit losses | $611 | $641 | $1,008 |
| Current period provision | (83) | (30) | (367) |
| Write-offs charged against the allowance, if any | (136) | — | — |
| Balance at December 31 | $392 | $611 | $641 |
| Deferred Income Tax Valuation Allowance* | |||
| Balance at January 1 | $21,313 | $20,416 | $19,532 |
| Additions to deferred income tax expense | 6,210 | 1,881 | 2,348 |
| Reduction of deferred income tax expense | (662) | (984) | (1,464) |
| Balance at December 31 | $26,861 | $21,313 | $20,416 |
- See also Note 17 Taxes.
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