Cash Flow Statement
Quarterly Data
The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.
The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.
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Chevron Corp. pages available for free this week:
- Statement of Comprehensive Income
- Balance Sheet: Assets
- Common-Size Balance Sheet: Assets
- Analysis of Long-term (Investment) Activity Ratios
- Enterprise Value to EBITDA (EV/EBITDA)
- Price to FCFE (P/FCFE)
- Dividend Discount Model (DDM)
- Net Profit Margin since 2005
- Analysis of Revenues
- Aggregate Accruals
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Chevron Corp., consolidated cash flow statement (quarterly data)
US$ in millions
Based on: 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).
- Net Income (Loss)
- Net income exhibited significant volatility during the period. It dropped sharply into negative territory in mid-2020, reflecting likely impacts from external economic conditions. Subsequently, net income rebounded strongly through 2021 and peaked in mid-2022. From late 2022 into 2024, income showed fluctuating but generally positive values, with some declines notable towards the end of 2024 and into 2025.
- Depreciation, Depletion, and Amortization (DDA)
- DDA expenses remained relatively stable from 2020 to mid-2023, with periodic increases particularly in late 2023 and some quarters in 2024. The fluctuations suggest ongoing investment in long-lived assets, possibly reflecting changes in asset base or adjustments in accounting estimates.
- Dry Hole Expense
- This expense category showed sporadic peaks, with notable increases in late 2020, mid-2021, and in various quarters of 2022 and 2024. The irregular pattern reflects the exploratory nature of drilling activities and associated risks.
- Distributions More (Less) Than Income from Equity Affiliates
- Values were negative in many early quarters of 2020 and 2021 but transitioned toward positive net distributions in late 2021 and fluctuated thereafter. The overall pattern indicates variable performance and cash flows from equity affiliates.
- Net Before-Tax (Gains) Losses on Asset Retirements and Sales
- Gains and losses fluctuated without a consistent trend. There were notable losses in 2020 and early 2021, with intermittent minor gains occurring sporadically through 2024.
- Net Foreign Currency Effects
- Currency effects caused noticeable gains and losses throughout the years with no clear directional trend. The largest impacts occurred in late 2020, parts of 2022, and select quarters of 2023 and 2024, reflecting currency market volatility.
- Deferred Income Tax Provision
- Deferred tax provisions varied widely, including significant negative values in mid-2020 and early 2024, and strong positive spikes in late 2021 and late 2022. The pattern suggests changing tax planning outcomes and timing differences in taxable income.
- Net Increase (Decrease) in Operating Working Capital
- Working capital showed substantial variation, with strong decreases in some quarters, particularly in 2023, followed by large increases in several quarters of 2024. These swings suggest significant fluctuations in short-term operational assets and liabilities.
- Investing Activities
- Capital expenditures remained high throughout the period, generally increasing over time with peaks in late 2023 and consistent outflows exceeding 3 billion USD each quarter in many recent periods. Proceeds from asset sales and investments provided intermittent inflows but were insufficient to offset capital spending fully. The company executed major acquisitions in 2022 and 2025, evidenced by large outflows in those periods.
- Operating Cash Flows
- Net cash provided by operating activities was generally strong, showing an upward trend from 2020 through 2022, peaking in mid-2022. Thereafter, cash flow remained healthy yet somewhat volatile, with notable declines in early 2023 and some recovery in 2024.
- Financing Activities
- Net cash from financing activities was mostly negative, indicating repayments and distributions exceeded new borrowings and issuances. Significant repayments of long-term debt occurred intermittently, especially in late 2021 and throughout 2022 and 2023. Dividend payments were consistently maintained at high levels, with only minor fluctuations. Treasury share purchases were substantial in multiple quarters, notably contributing to outflows in 2022 and 2023. Short-term borrowings displayed fluctuations with occasional repayments following borrowings.
- Cash Position
- The net change in cash fluctuated widely, reflective of the combined effects of volatile operating results, ongoing capital expenditures, and financing activities. Positive cash changes were more prevalent during 2021 and early 2022, while prolonged negative changes were common in parts of 2023 and 2024, indicating liquidity drawdowns during those periods.