Stock Analysis on Net

Chevron Corp. (NYSE:CVX)

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

Microsoft Excel
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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Cash and cash equivalents 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 5,686 11,697 8,513 8,699
Marketable securities 45 141 318 130 223 267 341 33 35 34 34 32 31 28 59 50 63 58 58 56
Accounts and notes receivable, less allowance 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 13,325 12,966 14,383 14,928
Crude oil and products 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 3,722 3,722 4,541 4,481
Chemicals 406 455 516 553 515 668 616 547 565 621 556 448 457 409 485 494 492 480 483 488
Materials, supplies and other 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 1,634 1,749 1,785 1,754
Inventories 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 5,848 5,951 6,809 6,723
Prepaid expenses and other current assets 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 3,407 3,316 3,324 3,265
Current assets 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 28,329 33,988 33,087 33,671
Long-term receivables, less allowance 942 1,055 940 1,036 1,069 1,099 649 516 603 644 566 571 589 780 812 1,243 1,511 1,584 1,784 2,019
Investments and advances 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 38,688 38,327 37,417 36,360
Properties, plant and equipment, at cost 346,081 342,522 327,084 330,409 327,785 325,102 322,541 335,340 336,045 328,572 342,157 346,228 345,232 325,131 323,522 326,412 326,722 338,699 335,775 336,701
Accumulated depreciation, depletion and amortization (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) (176,228) (174,336) (170,364) (169,969)
Properties, plant and equipment, net 153,619 153,972 142,768 142,951 143,591 144,144 144,410 144,444 146,961 147,945 151,208 154,003 156,618 142,383 143,850 149,220 150,494 164,363 165,411 166,732
Deferred charges and other assets 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 10,532 10,716 10,687 10,866
Goodwill 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 4,463 4,507 4,507 4,507
Assets held for sale 675 651 970 432 436 424 822 771 768 1,980 1,362 1,115 1,101 1,799 1,792 2,989 3,411 3,052 2,985 2,654
Noncurrent assets 220,504 222,195 208,989 207,535 207,366 208,232 206,748 204,339 205,797 207,811 209,833 211,212 213,712 198,260 199,671 208,115 209,099 222,549 222,791 223,138
Total assets 261,632 263,927 251,779 255,886 257,709 259,735 257,936 249,048 239,535 239,948 242,806 241,645 239,790 223,063 223,403 236,677 237,428 256,537 255,878 256,809

Based on: 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), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).


Assets: Selected Items

Balance sheet item Description The company
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. current assets decreased from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023.
Properties, plant and equipment, net Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Chevron Corp. properties, plant and equipment, net increased from Q2 2023 to Q3 2023 but then slightly decreased from Q3 2023 to Q4 2023.
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. noncurrent assets increased from Q2 2023 to Q3 2023 but then slightly decreased from Q3 2023 to Q4 2023.
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. total assets increased from Q2 2023 to Q3 2023 but then slightly decreased from Q3 2023 to Q4 2023.

Current Assets: Selected Items

Balance sheet item Description The company
Cash and cash equivalents Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Chevron Corp. cash and cash equivalents decreased from Q2 2023 to Q3 2023 but then increased from Q3 2023 to Q4 2023 not reaching Q2 2023 level.
Marketable securities Amount of investment in marketable security, classified as current. Chevron Corp. marketable securities decreased from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023.
Accounts and notes receivable, less allowance The aggregate of amounts due from customers or clients, within one year of the balance sheet date (or one operating cycle, if longer), for goods or services that have been delivered or sold in the normal course of business and an amount representing an agreement for an unconditional promise by the maker to pay the entity (holder) a definite sum of money at a future date within one year of the balance sheet, reduced to their estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection and net of any write-downs taken for collection uncertainty on the part of the holder, respectively. Chevron Corp. accounts and notes receivable, less allowance increased from Q2 2023 to Q3 2023 but then slightly decreased from Q3 2023 to Q4 2023 not reaching Q2 2023 level.
Inventories Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer. Chevron Corp. inventories increased from Q2 2023 to Q3 2023 but then decreased significantly from Q3 2023 to Q4 2023.