Stock Analysis on Net

Chevron Corp. (NYSE:CVX)

$24.99

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

Paying user area


We accept:

Visa Mastercard American Express Maestro Discover JCB PayPal Google Pay
Visa Secure Mastercard Identity Check American Express SafeKey

Chevron Corp., common-size consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

Microsoft Excel
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
Short-term debt
Accounts payable
Accrued liabilities
Federal and other taxes on income
Other taxes payable
Current liabilities
Long-term debt, excluding debt due within one year
Deferred credits and other noncurrent obligations
Noncurrent deferred income taxes
Noncurrent employee benefit plans
Noncurrent liabilities
Total liabilities
Redeemable noncontrolling interest
Preferred stock, $1.00 par value; none issued
Common stock, $0.75 par value
Capital in excess of par value
Retained earnings
Accumulated other comprehensive losses
Deferred compensation and benefit plan trust
Treasury stock, at cost
Total Chevron Corporation stockholders’ equity
Noncontrolling interests, excludes redeemable noncontrolling interest
Total equity
Total liabilities and equity

Based on: 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).


Short-term debt
Short-term debt as a percentage of total liabilities and equity exhibited fluctuations throughout the periods, starting at 3.67% in March 2020 and declining to very low levels below 1% in late 2020 and early 2021. From mid-2021 onwards, it remained mostly under 1%, with a slight rise towards late 2024 and early 2025, reaching up to nearly 2% by March 2025.
Accounts payable
Accounts payable showed an overall increasing trend, rising from 4.65% in March 2020 to a peak above 9.6% in mid-2022. Although there were moderate declines after this peak, the figure remained elevated, consistently above 7%, indicating an increasing reliance or level of accounts payable over time.
Accrued liabilities
This category remained relatively stable over the periods, typically fluctuating between approximately 2.6% and 3.3%. There was a slight downward trend from early 2022 through 2023, but by early 2025, accrued liabilities resumed levels around 3.2% to 3.3%.
Federal and other taxes on income
Taxes on income as a share of liabilities and equity showed variability, rising sharply from less than 1% in early 2020 to a peak of 1.91% by March 2023, then experiencing a decline and fluctuating around 0.3% to 0.7% in subsequent periods.
Other taxes payable
Other taxes payable remained relatively steady, fluctuating in a narrow band between approximately 0.3% and 0.7%, with no significant upward or downward trend.
Current liabilities
Current liabilities as a percentage of total liabilities and equity showed an overall increasing trend, rising from 11.93% in March 2020 to peak levels above 15% in mid-2022 and early 2025, with periodic minor dips in between. This suggests increasing short-term obligations or accrued short-term liabilities over time.
Long-term debt, excluding current portion
Long-term debt displayed a decreasing trend after a peak in late 2020 (around 17.84%). From 2021 onward, percentages fell steadily to below 8% through 2023 and early 2024, with a slight uptick near 10% in early 2025. This indicates a reduction in long-term debt proportion relative to total liabilities and equity during most of the period.
Deferred credits and other noncurrent obligations
This category remained largely stable, fluctuating modestly around 7.5% to 9.3% throughout the periods with no clear upward or downward trend.
Noncurrent deferred income taxes
Noncurrent deferred income taxes showed a gradual increase from 5.69% in early 2020 to about 7.6% by early 2025, indicating growing deferred tax liabilities over time relative to total liabilities and equity.
Noncurrent employee benefit plans
There was a consistent downward trend in noncurrent employee benefit plans from above 3.2% in early 2020 to below 1.5% by late 2024 and early 2025, signifying a reduction in these long-term obligations as a proportion of total liabilities and equity.
Noncurrent liabilities
Noncurrent liabilities peaked at above 35% in late 2020, followed by a gradual decline stabilizing near 25% between 2022 and early 2025, suggesting a long-term deleveraging or reclassification from noncurrent liabilities.
Total liabilities
Total liabilities as a percentage of total liabilities and equity rose from approximately 39% in early 2020 to nearly 45% by late 2020, then declined steadily to around 37% by early 2022. Thereafter, it increased again to exceed 41% by early 2025, indicating an overall modest increase in the leverage ratio towards the end of the observed periods.
Redeemable noncontrolling interest
This metric appeared only from late 2020 onwards at minimal levels around 0.05% to 0.07%, remaining stable and representing a very small portion of total liabilities and equity.
Common stock
Common stock as a percent of total liabilities and equity was steady around 0.7% to 0.8% throughout the period, showing negligible change.
Capital in excess of par value
Capital in excess of par value increased gradually from around 7.3% to over 8.4%, reflecting moderate growth in paid-in capital relative to total liabilities and equity.
Retained earnings
Retained earnings as a percentage of liabilities and equity decreased sharply from 74.41% in early 2020 to around 66.88% by late 2020, then showed a steady increase to over 80% by early 2025. This indicates a rebuilding and strengthening of accumulated profits or earnings over time.
Accumulated other comprehensive losses
Accumulative comprehensive losses steadily improved (i.e., losses decreased) from around -2.06% in early 2020 to approximately -1.06% by early 2025, evidencing a reduction in negative equity impacts from comprehensive income items.
Deferred compensation and benefit plan trust
This element showed minor variation, consistently around -0.09% to -0.11%, indicating little impact on the equity section.
Treasury stock
Treasury stock increased significantly in negative magnitude, from around -19.5% in early 2020 to nearly -30.3% by early 2025. This reveals a substantial increase in treasury stock holdings or cost during this period, thus reducing total equity.
Total Chevron Corporation stockholders’ equity
Stockholders’ equity decreased notably from about 60.8% in early 2020 to a low near 54.6% by early 2021, then recovered gradually to about 62% by early 2023, before declining slowly to approximately 58.2% by early 2025. This reflects some volatility but overall maintenance of a majority equity stake relative to total capitalization.
Noncontrolling interests (excluding redeemable)
This portion stayed minimal and stable around 0.1% to 0.4%, suggesting little influence on overall equity structure.
Total equity
Total equity followed a similar pattern to stockholders’ equity, falling from about 61.2% in early 2020 to a low near 55.3% by the end of 2020, rising back above 63% by mid-2023, then declining again to roughly 58.5% in early 2025. This indicates a relatively consistent, albeit cyclical, equity proportion relative to total liabilities and equity.
Overall trends
The data indicates cyclical fluctuations in liabilities and equity proportions with notable deleveraging in long-term debt and noncurrent employee benefits, contrasted by increasing accounts payable and treasury stock activities. Equity components showed resilience with significant recovery of retained earnings post-2020 and a reduction in comprehensive losses. The balance between liabilities and equity experienced periodic stresses around 2020, followed by relative stabilization and modest leverage increase towards early 2025.