Balance Sheet: Assets
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company 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 balance sheet: assets (quarterly data)

US$ in millions

	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	4,061)	4,638)	6,781)	4,699)	4,008)	6,278)	8,178)	5,797)	9,292)	15,668)	17,678)	15,164)	12,029)	11,671)	5,640)	5,998)	7,527)	7,076)	5,596)	6,866)	6,855)	8,492)
Time deposits	5)	5)	4)	4)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Marketable securities	—)	—)	—)	—)	—)	—)	45)	141)	318)	130)	223)	267)	341)	33)	35)	34)	34)	32)	31)	28)	59)	50)
Accounts and notes receivable, less allowance	17,663)	19,560)	20,684)	19,591)	20,752)	20,414)	19,921)	21,993)	19,285)	19,021)	20,456)	22,466)	26,860)	23,255)	18,419)	16,567)	15,705)	14,118)	11,471)	9,722)	8,570)	10,167)
Crude oil and products	6,275)	6,600)	6,490)	6,767)	7,662)	7,212)	6,059)	6,665)	6,398)	6,268)	5,866)	6,917)	5,671)	4,467)	4,248)	3,937)	4,093)	3,535)	3,576)	3,588)	3,327)	4,425)
Chemicals	517)	471)	502)	479)	426)	411)	406)	455)	516)	553)	515)	668)	616)	547)	565)	621)	556)	448)	457)	409)	485)	494)
Materials, supplies and other	2,021)	2,096)	2,082)	2,479)	2,389)	2,319)	2,147)	2,308)	2,284)	2,411)	1,866)	1,417)	1,428)	1,511)	1,492)	1,571)	1,590)	1,637)	1,643)	1,684)	1,699)	1,655)
Inventories	8,813)	9,167)	9,074)	9,725)	10,477)	9,942)	8,612)	9,428)	9,198)	9,232)	8,247)	9,002)	7,715)	6,525)	6,305)	6,129)	6,239)	5,620)	5,676)	5,681)	5,511)	6,574)
Prepaid expenses and other current assets	4,149)	5,204)	4,368)	4,168)	4,132)	3,874)	4,372)	4,373)	4,697)	4,300)	3,739)	4,604)	4,243)	3,225)	3,339)	3,409)	3,468)	3,587)	3,304)	2,506)	2,737)	3,279)
Current assets	34,691)	38,574)	40,911)	38,187)	39,369)	40,508)	41,128)	41,732)	42,790)	48,351)	50,343)	51,503)	51,188)	44,709)	33,738)	32,137)	32,973)	30,433)	26,078)	24,803)	23,732)	28,562)
Long-term receivables, less allowance	914)	942)	877)	942)	974)	968)	942)	1,055)	940)	1,036)	1,069)	1,099)	649)	516)	603)	644)	566)	571)	589)	780)	812)	1,243)
Investments and advances	48,033)	49,150)	47,438)	47,476)	47,654)	47,650)	46,812)	48,123)	46,769)	46,248)	45,238)	45,154)	43,557)	41,732)	40,696)	41,097)	40,551)	39,591)	39,052)	37,655)	37,290)	39,693)
Properties, plant and equipment, at cost	352,035)	348,820)	345,933)	343,450)	349,859)	350,501)	346,081)	342,522)	327,084)	330,409)	327,785)	325,102)	322,541)	335,340)	336,045)	328,572)	342,157)	346,228)	345,232)	325,131)	323,522)	326,412)
Accumulated depreciation, depletion and amortization	(204,593)	(200,696)	(198,134)	(195,559)	(196,856)	(196,860)	(192,462)	(188,550)	(184,316)	(187,458)	(184,194)	(180,958)	(178,131)	(190,896)	(189,084)	(180,627)	(190,949)	(192,225)	(188,614)	(182,748)	(179,672)	(177,192)
Properties, plant and equipment, net	147,442)	148,124)	147,799)	147,891)	153,003)	153,641)	153,619)	153,972)	142,768)	142,951)	143,591)	144,144)	144,410)	144,444)	146,961)	147,945)	151,208)	154,003)	156,618)	142,383)	143,850)	149,220)
Deferred charges and other assets	15,144)	15,011)	14,854)	14,039)	13,913)	13,582)	13,734)	13,672)	12,820)	12,146)	12,310)	12,748)	12,647)	12,502)	12,384)	11,743)	11,744)	11,530)	11,950)	11,227)	11,511)	10,516)
Goodwill	4,568)	4,568)	4,578)	4,722)	4,722)	4,722)	4,722)	4,722)	4,722)	4,722)	4,722)	4,663)	4,663)	4,374)	4,385)	4,402)	4,402)	4,402)	4,402)	4,416)	4,416)	4,454)
Assets held for sale	28)	28)	481)	5,975)	1,009)	580)	675)	651)	970)	432)	436)	424)	822)	771)	768)	1,980)	1,362)	1,115)	1,101)	1,799)	1,792)	2,989)
Noncurrent assets	216,129)	217,823)	216,027)	221,045)	221,275)	221,143)	220,504)	222,195)	208,989)	207,535)	207,366)	208,232)	206,748)	204,339)	205,797)	207,811)	209,833)	211,212)	213,712)	198,260)	199,671)	208,115)
Total assets	250,820)	256,397)	256,938)	259,232)	260,644)	261,651)	261,632)	263,927)	251,779)	255,886)	257,709)	259,735)	257,936)	249,048)	239,535)	239,948)	242,806)	241,645)	239,790)	223,063)	223,403)	236,677)

Cash and cash equivalents: The cash and cash equivalents balance demonstrates volatility over the period analyzed. Starting with approximately $8.5 billion in early 2020, the amount decreased significantly through 2020 before rebounding in 2021 and reaching peaks above $17.6 billion at the end of 2022. However, a notable decline occurs in 2023, with balances dropping to nearly $4 billion by the middle of 2024 before a slight recovery towards late 2024 and early 2025.
Time deposits: This category shows negligible amounts only appearing towards the end of the timeline, suggesting minimal reliance or activity in time deposits during the reported periods.
Marketable securities: Marketable securities holdings fluctuate with relatively small amounts in early years rising sharply in mid-2022 to $341 million and then decreasing again through 2023, indicating varying investment levels in short-term securities.
Accounts and notes receivable, less allowance: Accounts receivable figures reveal an overall upward trend from about $10 billion in early 2020 to a peak around $27 billion in mid-2022. Subsequently, there is a gradual decline into 2025, ending near $17.6 billion, which could indicate tighter credit policies or reduced sales on account.
Inventories (Crude oil and products; Chemicals; Materials, supplies and other): Inventories have generally increased over time, with crude oil and products growing from around $4.4 billion early 2020 to over $7.6 billion by late 2024. Chemicals show modest fluctuations but generally increase from roughly $490 million to above $500 million by 2025. Materials, supplies, and other items rise moderately, peaking around $2.5 billion in late 2024 before tapering slightly. Overall, the inventory expansion suggests increased stock levels in response to business conditions or supply chain strategies.
Prepaid expenses and other current assets: This line shows growth from approximately $3.3 billion early 2020 to peaks over $5.2 billion towards mid-2025, with some fluctuations indicating variable prepayments or other current asset components during the period.
Current assets: Current assets demonstrate a rising trend from around $28.5 billion in March 2020 to exceed $51 billion by mid-2022. Post-2022, current assets trend downward to about $34.7 billion by mid-2025, mirroring cash and receivables trends and suggesting adjustments in short-term asset management.
Long-term receivables, less allowance: Long-term receivables remain relatively stable but show slight fluctuations, ranging mostly between $500 million and $1.1 billion, without significant trend direction.
Investments and advances: This category sees steady growth from nearly $40 billion to about $49 billion by mid-2025, indicating gradual accumulation or valuation increases of long-term investments and advances.
Properties, plant and equipment: At cost, properties, plant, and equipment amounts remain relatively stable around the $323 billion to $352 billion range with no drastic changes, indicating consistent capital assets. Net of accumulated depreciation, the values reflect similar stability, with a small increase from $149 billion to around $153 billion by mid-2024, then slight decreases. The accumulated depreciation accounts show consistent increments in absolute value, peaking above $204 billion by mid-2025, consistent with asset aging and amortization over the years.
Deferred charges and other assets: This asset category remains stable in the range of approximately $10.5 billion to $15 billion, with moderate increases observed after 2022, suggesting steady deferred costs or capitalized assets.
Goodwill: Goodwill shows minimal movement, remaining near $4.4 billion over most of the period, with minor decreases towards 2025, reflecting stable acquisition-related intangible assets with slight impairments or adjustments.
Assets held for sale: This category fluctuates markedly, peaking at nearly $6 billion in early 2024 but generally remaining lower, indicating sporadic asset disposals or restructuring activities during the timeline.
Noncurrent assets: Noncurrent assets exhibit stability, fluctuating around the $200 billion to $222 billion range, with no clear upward or downward trend, reflecting a consistent base of long-term assets held by the entity.
Total assets: Total assets increase from approximately $237 billion in early 2020 to a high near $260 billion by 2024, followed by a modest decline toward $251 billion by mid-2025. The pattern indicates overall asset growth through 2022-2024 with slight contraction thereafter.

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Chevron Corp. (NYSE:CVX)

Balance Sheet: Assets Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data