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Chevron Corp. (CVX)

Statement of Financial Position, Assets
Quarterly Data

Difficulty: Beginner

  • Annual Data
  • Quarterly Data

    • The statement of financial position provides creditors, investors, and analysts with information on company's resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company's assets as well as an indication of cash flows that may come from receivables and inventories.

    Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

    Chevron Corp., Consolidated Statement of Financial Position, Assets (quarterly data)

    USD $ in millions

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    Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014 Dec 31, 2013 Sep 30, 2013 Jun 30, 2013 Mar 31, 2013
    Cash and cash equivalents 6,466  4,813  6,641  4,762  6,983  6,988  7,351  8,764  8,562  11,022  12,933  12,156  12,675  12,785  14,215  13,959  15,612  16,245  17,014  20,630  17,374 
    Time deposits – – – – – – – – – – – – – 8  8  8  308  8  1,308  1,408  1,408 
    Marketable securities 38  9  13  13  11  13  321  320  317  310  306  365  432  422  267  268  263  263  258  258  266 
    Accounts and notes receivable, net 15,771  15,353  14,124  13,168  13,754  14,092  12,522  13,490  12,459  12,860  14,240  16,153  15,239  16,736  19,974  21,578  20,285  21,622  21,641  20,273  21,969 
    Crude oil and petroleum products 3,705  3,142  3,156  3,461  3,315  2,720  3,231  3,680  3,723  3,535  4,048  4,317  4,157  3,854  4,672  4,606  4,956  3,879  4,468  5,063  4,384 
    Chemicals 475  476  516  472  437  455  440  431  449  490  439  454  459  467  501  479  452  491  503  467  477 
    Materials, supplies and other 1,948  1,967  2,089  2,142  2,169  2,244  2,305  2,316  2,336  2,309  2,377  2,345  2,221  2,184  2,131  2,130  2,064  2,010  1,922  1,893  1,803 
    Inventories 6,128  5,585  5,761  6,075  5,921  5,419  5,976  6,427  6,508  6,334  6,864  7,116  6,837  6,505  7,304  7,215  7,472  6,380  6,893  7,423  6,664 
    Prepaid expenses and other current assets 3,323  2,800  2,859  2,608  2,899  3,107  2,703  3,470  3,867  4,821  5,476  4,948  6,087  5,776  5,315  5,892  5,809  5,732  6,389  6,112  7,015 
    Current assets 31,726  28,560  29,398  26,626  29,568  29,619  28,873  32,471  31,713  35,347  39,819  40,738  41,270  42,232  47,083  48,920  49,749  50,250  53,503  56,104  54,696 
    Long-term receivables, net 2,723  2,849  3,016  2,403  2,457  2,485  2,444  2,469  2,492  2,412  2,436  2,880  2,820  2,817  2,903  3,034  2,875  2,833  3,118  3,017  3,121 
    Investments and advances 33,470  32,497  32,402  31,706  30,915  30,250  30,002  27,740  27,510  27,110  26,710  26,206  28,238  26,912  26,683  25,923  25,986  25,502  25,010  25,133  24,504 
    Properties, plant and equipment, at cost 344,977  344,485  343,066  337,551  336,150  336,077  341,066  339,081  344,895  340,277  340,558  336,619  333,824  327,289  318,752  312,922  304,564  296,433  287,550  279,025  271,239 
    Accumulated depreciation, depletion and amortization (169,131) (166,773) (164,630) (159,375) (155,854) (153,891) (157,627) (154,396) (154,955) (151,881) (153,153) (151,352) (147,701) (144,116) (140,656) (138,868) (135,337) (131,604) (130,618) (128,433) (125,266)
    Properties, plant and equipment, net 175,846  177,712  178,436  178,176  180,296  182,186  183,439  184,685  189,940  188,396  187,405  185,267  186,123  183,173  178,096  174,054  169,227  164,829  156,932  150,592  145,973 
    Deferred charges and other assets 6,946  7,017  6,793  7,352  6,980  6,838  6,631  6,316  6,514  6,801  6,593  6,389  6,565  6,299  5,844  5,493  5,118  5,120  4,635  4,562  4,476 
    Goodwill 4,531  4,531  4,531  4,543  4,543  4,581  4,581  4,581  4,588  4,588  4,588  4,588  4,588  4,593  4,621  4,621  4,639  4,639  4,640  4,640  4,640 
    Assets held for sale 1,200  640  584  3,793  4,352  4,119  3,893  3,216  1,085  1,449  898  387  – – 201  – 644  580  – – –
    Noncurrent assets 224,716  225,246  225,762  227,973  229,543  230,459  230,990  229,007  232,129  230,756  228,630  225,717  228,334  223,794  218,348  213,125  208,489  203,503  194,335  187,944  182,714 
    Total assets 256,442  253,806  255,160  254,599  259,111  260,078  259,863  261,478  263,842  266,103  268,449  266,455  269,604  266,026  265,431  262,045  258,238  253,753  247,838  244,048  237,410 
    Source: Chevron Corp., Quarterly and Annual Reports
    Item Description The company
    Cash and cash equivalents Includes currency on hand as well as demand deposits with banks or financial institutions. It also includes other kinds of accounts that have the general characteristics of demand deposits in that the Entity may deposit additional funds at any time and also effectively may withdraw funds at any time without prior notice or penalty. Cash equivalents, excluding items classified as marketable securities, include short-term, highly liquid investments that are both readily convertible to known amounts of cash, and so near their maturity that they present minimal risk of changes in value because of changes in interest rates. Generally, only investments with original maturities of three months or less qualify under that definition. Original maturity means original maturity to the entity holding the investment. For example, both a three-month US Treasury bill and a three-year Treasury note purchased three months from maturity qualify as cash equivalents. However, a Treasury note purchased three years ago does not become a cash equivalent when its remaining maturity is three months. Compensating balance arrangements that do not legally restrict the withdrawal or usage of cash amounts may be reported as Cash and Cash Equivalents, while legally restricted deposits held as compensating balances against borrowing arrangements, contracts entered into with others, or company statements of intention with regard to particular deposits should not be reported as cash and cash equivalents. Chevron Corp.'s cash and cash equivalents declined from Q3 2017 to Q4 2017 but then increased from Q4 2017 to Q1 2018 not reaching Q3 2017 level.
    Marketable securities Total debt and equity financial instruments including: (1) securities held-to-maturity, (2) trading securities, and (3) securities available-for-sale which are intended to be held for less than one year or the normal operating cycle, whichever is longer. Chevron Corp.'s marketable securities declined from Q3 2017 to Q4 2017 but then increased from Q4 2017 to Q1 2018 exceeding Q3 2017 level.
    Accounts and notes receivable, net Carrying amount as of the balance sheet date, net of allowance for doubtful accounts, of account and note receivables due from other than related parties. Chevron Corp.'s accounts and notes receivable, net increased from Q3 2017 to Q4 2017 and from Q4 2017 to Q1 2018.
    Inventories Carrying amount (lower of cost or market) as of the balance sheet date of inventories less all valuation and other allowances. Excludes noncurrent inventory balances (expected to remain on hand past one year or one operating cycle, if longer). Chevron Corp.'s inventories declined from Q3 2017 to Q4 2017 but then increased from Q4 2017 to Q1 2018 exceeding Q3 2017 level.
    Current assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Chevron Corp.'s current assets declined from Q3 2017 to Q4 2017 but then increased from Q4 2017 to Q1 2018 exceeding Q3 2017 level.
    Properties, plant and equipment, net Tangible assets that are held by an entity for use in the production or supply of goods and services, for rental to others, or for administrative purposes and that are expected to provide economic benefit for more than one year; net of accumulated depreciation. Examples include land, buildings, and production equipment. Chevron Corp.'s properties, plant and equipment, net declined from Q3 2017 to Q4 2017 and from Q4 2017 to Q1 2018.
    Noncurrent assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer. Chevron Corp.'s noncurrent assets declined from Q3 2017 to Q4 2017 and from Q4 2017 to Q1 2018.
    Total assets Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Chevron Corp.'s total assets declined from Q3 2017 to Q4 2017 but then increased from Q4 2017 to Q1 2018 exceeding Q3 2017 level.