Stock Analysis on Net
Stock Analysis on Net

Chevron Corp. (NYSE:CVX)

$24.99

Balance Sheet: Liabilities and Stockholders’ Equity
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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

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

US$ in millions

Microsoft Excel
Sep 30, 2025 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
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: 2025-09-30), 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), 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
The short-term debt exhibits significant volatility over the observed periods, with peaks notably in March 2020 and mid-2024 to 2025. Particularly high levels are seen in early 2025, reaching the upper range of the dataset, indicating periods of increased short-term borrowing requirements.
Accounts Payable
Accounts payable shows an overall upward trend, increasing steadily from 2020 through early 2024. The data suggests a growth in operational liabilities, peaking around mid-2022 and maintaining relatively high balances thereafter with some fluctuations.
Accrued Liabilities
Accrued liabilities remain relatively stable with minor fluctuations. There is a mild upward movement starting mid-2023, with a notable increase towards the last recorded quarter, possibly reflecting timing or accrual adjustments.
Federal and Other Taxes on Income
The tax-related liabilities exhibit substantial variability, with a general increasing trend from 2020 through 2022. However, there is a sharp decline in mid-2023 and a subsequent rebound towards the latest periods, indicating fluctuating taxable income or tax payment timing.
Other Taxes Payable
This category fluctuates within a narrow range, with no clear upward or downward trend. Peaks and troughs seem to alternate, suggesting routine operational timing differences or tax obligations.
Current Liabilities
Current liabilities show a notable increase from 2020 to 2022, peaking around mid-2022, followed by a gradual decline towards 2024. The fluctuations indicate changes in current obligations possibly related to working capital cycles or short-term financing activities.
Long-term Debt (excluding debt due within one year)
Long-term debt rises steadily from 2020 until around late 2020, reaching a peak, followed by a consistent decline up to mid-2024. Towards the end of the period, it sharply increases again, suggesting periods of refinancing, debt repayments, and new long-term financing.
Deferred Credits and Other Noncurrent Obligations
This liability remains relatively stable across all periods, fluctuating marginally without pronounced trends, indicating steady long-term obligations and deferred credits.
Noncurrent Deferred Income Taxes
Deferred income taxes demonstrate a general upward progression throughout the timeframe, reflecting possibly increasing taxable temporary differences or growth in deferred tax liabilities.
Noncurrent Employee Benefit Plans
Liabilities related to employee benefit plans show a steady decline from early 2020 to late 2022, stabilizing somewhat thereafter, which may indicate changes in plan obligations or funding status improvements.
Noncurrent Liabilities
Noncurrent liabilities overall have a peak at the end of 2020, followed by a downward trend into 2024, before increasing again sharply at the end of the observed period, following the pattern observed in long-term debt.
Total Liabilities
Total liabilities peak in late 2020 and again slightly in the mid-2020s before rising sharply toward the final periods. This trend reflects varying borrowing levels and obligations influenced by economic conditions and company financing strategies.
Common Stock and Capital in Excess of Par Value
Common stock remains constant throughout all periods. Capital in excess of par value shows a gradual increase with a notable jump in the last recorded quarter, indicating possible new equity issuances or adjustments to capital accounts.
Retained Earnings
Retained earnings exhibit a steady increasing trend from early 2020 through 2025, indicative of accumulated profits or retained growth, supporting the equity base.
Accumulated Other Comprehensive Losses
Accumulated other comprehensive losses show a decreasing negative balance over time, suggesting a reduction in comprehensive losses or improvements in items such as foreign currency translation adjustments or pension liabilities.
Treasury Stock, at Cost
The treasury stock balance grows significantly more negative over the periods until late 2024, signaling substantial share repurchases. Notably, there is a large reversal in the final recorded quarter, which may indicate stock reissuances or accounting adjustments.
Total Stockholders’ Equity
Stockholders’ equity generally trends upward, with a marked increase in the final quarter recorded, consistent with changes observed in capital accounts and retained earnings. Despite fluctuations, equity remains strong relative to liabilities.
Noncontrolling Interests
Noncontrolling interests remain mostly stable and relatively minor in comparison to total equity and liabilities, with a small increase in the final periods.
Total Equity
Total equity mirrors the pattern of stockholders’ equity, showing consistent growth with a notable rise at the end of the reported period, indicating overall strengthening of the equity position.
Total Liabilities and Equity
The combined total of liabilities and equity steadily increases over the time series, with a significant jump in the final period, reflecting overall expansion in the company’s balance sheet size through growth in liabilities and equity components.