Common-Size Balance Sheet: Assets
Quarterly Data
Paying user area
Try for free
Chevron Corp. pages available for free this week:
- Balance Sheet: Liabilities and Stockholders’ Equity
- Common-Size Income Statement
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Liquidity Ratios
- Analysis of Solvency Ratios
- Analysis of Long-term (Investment) Activity Ratios
- Common Stock Valuation Ratios
- Price to FCFE (P/FCFE)
- Selected Financial Data since 2005
- Price to Sales (P/S) since 2005
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to Chevron Corp. for $24.99.
This is a one-time payment. There is no automatic renewal.
We accept:
Chevron Corp., common-size consolidated balance sheet: assets (quarterly data)
Based on: 10-Q (reporting date: 2026-06-30), 10-Q (reporting date: 2026-03-31), 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 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).
The asset structure of the organization is characterized by a heavy concentration in noncurrent assets, which consistently represent between 80% and 88% of total assets throughout the analyzed period. A cyclical shift is observable in the allocation between current and noncurrent assets, with a notable expansion of current assets peaking in mid-2022 before moderating in subsequent years.
- Liquidity and Current Asset Trends
- Current assets as a percentage of total assets experienced a significant increase from 12.59% in March 2021 to a peak of 19.85% by June 2022. This growth was primarily driven by a surge in cash and cash equivalents, which rose from 2.93% to a peak of 6.86% in December 2022, and accounts receivable, which peaked at 10.41% in June 2022. Following this period, liquidity levels contracted, with current assets settling at 14.88% by June 2026. Inventories showed a gradual upward trend, moving from approximately 2.33% in early 2021 to a range between 3.19% and 4.02% in the 2023-2026 period, suggesting a higher relative allocation of capital toward stock.
- Fixed Asset Management and Capital Intensity
- Properties, plant, and equipment (PP&E), net, constitute the largest portion of the balance sheet. After a decline from 63.73% in March 2021 to a low of 55.50% in September 2022, net PP&E trended upward, reaching a peak of 67.82% in June 2025. The gross cost of PP&E remained high, often exceeding 100% of total assets, which is offset by significant accumulated depreciation, depletion, and amortization. A notable reduction in accumulated depreciation as a percentage of total assets occurred in September 2025, coinciding with a spike in the net PP&E ratio, indicating potential asset revaluations or significant new capital expenditures.
- Long-Term Strategic Investments
- Investments and advances remained relatively stable, fluctuating between 16% and 19% of total assets from March 2021 through March 2025. However, a sharp structural decline is observed starting in September 2025, where this item dropped to 13.60% and continued a downward trajectory to 12.83% by June 2026. This shift suggests a reallocation of capital away from long-term investments and toward fixed productive assets during the final year of the period.
- Other Noncurrent Assets
- Deferred charges and other assets remained remarkably stable, generally oscillating between 4.7% and 6.0%. Goodwill and assets held for sale represented minimal portions of the total asset base, with goodwill remaining steady near 1.8% until 2025, when it dipped to approximately 1.4%. Assets held for sale remained negligible for most of the period, with a brief spike to 2.30% in September 2024 before returning to near-zero levels.