Stock Analysis on Net
Stock Analysis on Net

Chevron Corp. (NYSE:CVX)

Common-Size Balance Sheet: Assets 
Quarterly Data

Chevron Corp., common-size consolidated balance sheet: assets (quarterly data)

Microsoft Excel
Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Cash and cash equivalents 1.62 1.81 2.64 1.81 1.54 2.40 3.13 2.20 3.69 6.12 6.86 5.84 4.66 4.69 2.35 2.50 3.10 2.93 2.33 3.08 3.07 3.59
Time deposits 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Marketable securities 0.00 0.00 0.00 0.00 0.00 0.00 0.02 0.05 0.13 0.05 0.09 0.10 0.13 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.03 0.02
Accounts and notes receivable, less allowance 7.04 7.63 8.05 7.56 7.96 7.80 7.61 8.33 7.66 7.43 7.94 8.65 10.41 9.34 7.69 6.90 6.47 5.84 4.78 4.36 3.84 4.30
Crude oil and products 2.50 2.57 2.53 2.61 2.94 2.76 2.32 2.53 2.54 2.45 2.28 2.66 2.20 1.79 1.77 1.64 1.69 1.46 1.49 1.61 1.49 1.87
Chemicals 0.21 0.18 0.20 0.18 0.16 0.16 0.16 0.17 0.20 0.22 0.20 0.26 0.24 0.22 0.24 0.26 0.23 0.19 0.19 0.18 0.22 0.21
Materials, supplies and other 0.81 0.82 0.81 0.96 0.92 0.89 0.82 0.87 0.91 0.94 0.72 0.55 0.55 0.61 0.62 0.65 0.65 0.68 0.69 0.75 0.76 0.70
Inventories 3.51% 3.58% 3.53% 3.75% 4.02% 3.80% 3.29% 3.57% 3.65% 3.61% 3.20% 3.47% 2.99% 2.62% 2.63% 2.55% 2.57% 2.33% 2.37% 2.55% 2.47% 2.78%
Prepaid expenses and other current assets 1.65 2.03 1.70 1.61 1.59 1.48 1.67 1.66 1.87 1.68 1.45 1.77 1.64 1.29 1.39 1.42 1.43 1.48 1.38 1.12 1.23 1.39
Current assets 13.83% 15.04% 15.92% 14.73% 15.10% 15.48% 15.72% 15.81% 17.00% 18.90% 19.53% 19.83% 19.85% 17.95% 14.08% 13.39% 13.58% 12.59% 10.88% 11.12% 10.62% 12.07%
Long-term receivables, less allowance 0.36 0.37 0.34 0.36 0.37 0.37 0.36 0.40 0.37 0.40 0.41 0.42 0.25 0.21 0.25 0.27 0.23 0.24 0.25 0.35 0.36 0.53
Investments and advances 19.15 19.17 18.46 18.31 18.28 18.21 17.89 18.23 18.58 18.07 17.55 17.38 16.89 16.76 16.99 17.13 16.70 16.38 16.29 16.88 16.69 16.77
Properties, plant and equipment, at cost 140.35 136.05 134.64 132.49 134.23 133.96 132.28 129.78 129.91 129.12 127.19 125.17 125.05 134.65 140.29 136.93 140.92 143.28 143.97 145.76 144.82 137.91
Accumulated depreciation, depletion and amortization -81.57 -78.28 -77.11 -75.44 -75.53 -75.24 -73.56 -71.44 -73.21 -73.26 -71.47 -69.67 -69.06 -76.65 -78.94 -75.28 -78.64 -79.55 -78.66 -81.93 -80.43 -74.87
Properties, plant and equipment, net 58.78% 57.77% 57.52% 57.05% 58.70% 58.72% 58.72% 58.34% 56.70% 55.87% 55.72% 55.50% 55.99% 58.00% 61.35% 61.66% 62.28% 63.73% 65.31% 63.83% 64.39% 63.05%
Deferred charges and other assets 6.04 5.85 5.78 5.42 5.34 5.19 5.25 5.18 5.09 4.75 4.78 4.91 4.90 5.02 5.17 4.89 4.84 4.77 4.98 5.03 5.15 4.44
Goodwill 1.82 1.78 1.78 1.82 1.81 1.80 1.80 1.79 1.88 1.85 1.83 1.80 1.81 1.76 1.83 1.83 1.81 1.82 1.84 1.98 1.98 1.88
Assets held for sale 0.01 0.01 0.19 2.30 0.39 0.22 0.26 0.25 0.39 0.17 0.17 0.16 0.32 0.31 0.32 0.83 0.56 0.46 0.46 0.81 0.80 1.26
Noncurrent assets 86.17% 84.96% 84.08% 85.27% 84.90% 84.52% 84.28% 84.19% 83.00% 81.10% 80.47% 80.17% 80.15% 82.05% 85.92% 86.61% 86.42% 87.41% 89.12% 88.88% 89.38% 87.93%
Total assets 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).

Cash and Cash Equivalents
The proportion of cash and cash equivalents relative to total assets exhibited volatility over the observed quarters. Starting at 3.59% in March 2020, it declined to a low of 1.54% in June 2024, after peaking around 6.86% in December 2022. The general trend indicates a decreasing share of liquid cash assets in recent periods.
Time Deposits
Time deposits were consistently absent or negligible throughout the periods, recorded at 0% of total assets starting March 2025, implying a negligible or no allocation in this category.
Marketable Securities
This category represented a minimal fraction of total assets, ranging between 0.01% to 0.13% with intermittent data. There was a slight increase noted around mid-2022 and mid-2023, but values remained very low overall.
Accounts and Notes Receivable, Less Allowance
This item showed an overall upward trend from 4.3% in March 2020 to a peak near 10.41% in June 2022, followed by a gradual decrease to approximately 7.04% by September 2025. This suggests variability in receivables with a mid-period peak and partial stabilization thereafter.
Crude Oil and Products
The asset share held in crude oil and related products increased notably from 1.87% in March 2020 to about 2.94% by September 2024, indicating a moderate increase in inventory holdings or valuation of these products over the period.
Chemicals
The percentage of chemicals remained relatively stable around 0.2% of total assets, with minor fluctuations but no clear long-term trend.
Materials, Supplies and Other
This category maintained a stable presence, ranging mostly between 0.6% and 0.9%, peaking at 0.94% in December 2022 and slightly declining afterward.
Inventories
Inventories showed a general upward trend from 2.78% in March 2020 to peaks exceeding 4% around mid-2024, then slightly decreasing towards the end of the period, reflecting potential changes in stock levels or valuation adjustments.
Prepaid Expenses and Other Current Assets
This component fluctuated moderately, rising from around 1.39% in March 2020 to over 2% by March 2025, indicating a gradual increase in prepaid expenses or other current assets as a proportion of total assets.
Current Assets
Current assets as a whole increased significantly from 12.07% in March 2020 to nearly 19.85% by June 2022, followed by a gradual decline to around 13.83% by June 2025, signaling a peak and subsequent reduction in current asset holdings.
Long-term Receivables, Less Allowance
This item remained minor and stable, generally around 0.25% to 0.4%, without major variation throughout the periods.
Investments and Advances
Investments and advances steadily increased from approximately 16.77% in March 2020 to 19.15% by June 2025, indicating growing allocations to these asset types over time.
Properties, Plant and Equipment, at Cost
The gross value of properties, plant, and equipment showed a declining trend from about 144.82% of total assets in June 2020 to a low near 125.05% by June 2022, then a moderate recovery to 140.35% by June 2025, reflecting capital expenditure and asset disposals or revaluations.
Accumulated Depreciation, Depletion and Amortization
This contra-asset account remained significantly negative, ranging from approximately -81.57% in June 2025 to about -69.06% in June 2022, indicating steady depreciation and amortization efforts with some fluctuations.
Properties, Plant and Equipment, Net
Net PPE declined from a peak near 65.31% in December 2020 to 55.5% in September 2022, followed by fluctuations and ending around 58.78% in June 2025. This reflects the net book value changes after depreciation.
Deferred Charges and Other Assets
This category showed a slight upward trend from 4.44% in March 2020 to about 6.04% by June 2025, suggesting increasing deferrals or other assets.
Goodwill
Goodwill remained stable, approximately at 1.8% of total assets, with minor variations but no significant upward or downward trend.
Assets Held for Sale
This item fluctuated widely with no consistent trend, though notable spikes were seen around September 2024 (2.3%). Most other quarters reflected very low proportions close to zero.
Noncurrent Assets
There was a gradual decline in noncurrent assets as a percentage of total assets from around 89.38% in June 2020 to near 82.05% by March 2022, followed by steady recovery towards 86.17% by June 2025. This indicates shifting asset composition over time.