10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
CHEVRON CORP | |||
Ticker: CVX Fiscal Year: 2020 | |||
Consolidated Statement of Income | |||
Period Ending Dec 31, 2020 10-K (Filed: Feb 25, 2021) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
| Revenues and Other Income | |||
| Sales and other operating revenues | $ 94,471 | 139,865 | 158,902 |
| Income (loss) from equity affiliates | (472) | 3,968 | 6,327 |
| Other income | 693 | 2,683 | 1,110 |
| Total Revenues and Other Income | 94,692 | 146,516 | 166,339 |
| Costs and Other Deductions | |||
| Purchased crude oil and products | 50,488 | 80,113 | 94,578 |
| Operating expenses | 20,323 | 21,385 | 20,544 |
| Selling, general and administrative expenses | 4,213 | 4,143 | 3,838 |
| Exploration expenses | 1,537 | 770 | 1,210 |
| Depreciation, depletion and amortization | 19,508 | 29,218 | 19,419 |
| Taxes other than on income | 4,499 | 4,136 | 4,867 |
| Interest and debt expense | 697 | 798 | 748 |
| Other components of net periodic benefit costs | 880 | 417 | 560 |
| Total Costs and Other Deductions | 102,145 | 140,980 | 145,764 |
| Income (Loss) Before Income Tax Expense | (7,453) | 5,536 | 20,575 |
| Income Tax Expense (Benefit) | (1,892) | 2,691 | 5,715 |
| Net Income (Loss) | (5,561) | 2,845 | 14,860 |
| Less: Net income (loss) attributable to noncontrolling interests | (18) | (79) | 36 |
| Net Income (Loss) Attributable to Chevron Corporation | (5,543) | 2,924 | 14,824 |
| Net Income (Loss) Attributable to Chevron Corporation | |||
| Basic (in dollars per share) | (2.96) | 1.55 | 7.81 |
| Diluted (in dollars per share) | (2.96) | 1.54 | 7.74 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
CHEVRON CORP | |||
Ticker: CVX Fiscal Year: 2020 | |||
Consolidated Statement of Comprehensive Income | |||
Period Ending Dec 31, 2020 10-K (Filed: Feb 25, 2021) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
| Net Income (Loss) | $ (5,561) | 2,845 | 14,860 |
| Currency translation adjustment | |||
| Unrealized net change arising during period | 35 | (18) | (19) |
| Unrealized holding gain (loss) on securities | |||
| Net gain (loss) arising during period | (2) | 2 | (5) |
| Derivatives | |||
| Net derivatives loss on hedge transactions | 0 | (1) | 0 |
| Income taxes on derivatives transactions | 0 | 3 | 0 |
| Total | 0 | 2 | 0 |
| Defined benefit plans | |||
| Actuarial gain (loss) | |||
| Amortization to net income of net actuarial loss and settlements | 1,107 | 519 | 792 |
| Actuarial gain (loss) arising during period | (2,004) | (2,404) | 85 |
| Prior service credits (cost) | |||
| Amortization to net income of net prior service costs and curtailments | (23) | 4 | (13) |
| Prior service (costs) credits arising during period | 0 | (28) | (26) |
| Defined benefit plans sponsored by equity affiliates - benefit (cost) | (104) | (33) | 23 |
| Income tax benefit (cost) on defined benefit plans | 369 | 510 | (230) |
| Total | (655) | (1,432) | 631 |
| Other Comprehensive Gain (Loss), Net of Tax | (622) | (1,446) | 607 |
| Comprehensive Income | (6,183) | 1,399 | 15,467 |
| Comprehensive loss (income) attributable to noncontrolling interests | 18 | 79 | (36) |
| Comprehensive Income (Loss) Attributable to Chevron Corporation | (6,165) | 1,478 | 15,431 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
CHEVRON CORP | |||
Ticker: CVX Fiscal Year: 2020 | |||
Consolidated Statement of Cash Flows | |||
Period Ending Dec 31, 2020 10-K (Filed: Feb 25, 2021) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
| Operating Activities | |||
| Net Income (Loss) | $ (5,561) | 2,845 | 14,860 |
| Adjustments | |||
| Depreciation, depletion and amortization | 19,508 | 29,218 | 19,419 |
| Dry hole expense | 1,036 | 172 | 687 |
| Distributions more (less) than income from equity affiliates | 2,015 | (2,073) | (3,580) |
| Net before-tax gains on asset retirements and sales | (760) | (1,367) | (619) |
| Net foreign currency effects | 619 | 272 | 123 |
| Deferred income tax provision | (3,604) | (1,966) | 1,050 |
| Net decrease (increase) in operating working capital | (1,652) | 1,494 | (718) |
| Decrease (increase) in long-term receivables | 296 | 502 | 418 |
| Net decrease (increase) in other deferred charges | (248) | (69) | 0 |
| Cash contributions to employee pension plans | (1,213) | (1,362) | (1,035) |
| Other | 141 | (352) | 13 |
| Net Cash Provided by Operating Activities | 10,577 | 27,314 | 30,618 |
| Investing Activities | |||
| Cash acquired from Noble Energy, Inc. | 373 | 0 | 0 |
| Capital expenditures | (8,922) | (14,116) | (13,792) |
| Proceeds and deposits related to asset sales and returns of investment | 2,968 | 2,951 | 2,392 |
| Net maturities of (investments in) time deposits | 0 | 950 | (950) |
| Net sales (purchases) of marketable securities | 35 | 2 | (51) |
| Net repayment (borrowing) of loans by equity affiliates | (1,419) | (1,245) | 111 |
| Net Cash Used for Investing Activities | (6,965) | (11,458) | (12,290) |
| Financing Activities | |||
| Net borrowings (repayments) of short-term obligations | 651 | (2,821) | 2,021 |
| Proceeds from issuances of long-term debt | 12,308 | 0 | 218 |
| Repayments of long-term debt and other financing obligations | (5,489) | (5,025) | (6,741) |
| Cash dividends - common stock | (9,651) | (8,959) | (8,502) |
| Distributions to noncontrolling interests | (24) | (18) | (91) |
| Net sales (purchases) of treasury shares | (1,531) | (2,935) | (604) |
| Net Cash Provided by (Used for) Financing Activities | (3,736) | (19,758) | (13,699) |
| Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash | (50) | 332 | (91) |
| Net Change in Cash, Cash Equivalents and Restricted Cash | (174) | (3,570) | 4,538 |
| Cash, Cash Equivalents and Restricted Cash at January 1 | 6,911 | 10,481 | |
| Cash, Cash Equivalents and Restricted Cash at December 31 | 6,737 | 6,911 | 10,481 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
CHEVRON CORP | ||
Ticker: CVX Fiscal Year: 2020 | ||
Consolidated Balance Sheet | ||
Period Ending Dec 31, 2020 10-K (Filed: Feb 25, 2021) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2020 | Dec 31, 2019 | |
| Assets | ||
| Cash and cash equivalents | $ 5,596 | 5,686 |
| Marketable securities | 31 | 63 |
| Accounts and notes receivable (less allowance: 2020 - $284; 2019 - $746) | 11,471 | 13,325 |
| Inventories: | ||
| Crude oil and petroleum products | 3,576 | 3,722 |
| Chemicals | 457 | 492 |
| Materials, supplies and other | 1,643 | 1,634 |
| Total inventories | 5,676 | 5,848 |
| Prepaid expenses and other current assets | 3,304 | 3,407 |
| Total Current Assets | 26,078 | 28,329 |
| Long-term receivables, net | 589 | 1,511 |
| Investments and advances | 39,052 | 38,688 |
| Properties, plant and equipment, at cost | 345,232 | 326,722 |
| Less: Accumulated depreciation, depletion and amortization | 188,614 | 176,228 |
| Properties, plant and equipment, net | 156,618 | 150,494 |
| Deferred charges and other assets | 11,950 | 10,532 |
| Goodwill | 4,402 | 4,463 |
| Assets held for sale | 1,101 | 3,411 |
| Total Assets | 239,790 | 237,428 |
| Liabilities and Equity | ||
| Short-term debt | 1,548 | 3,282 |
| Accounts payable | 10,950 | 14,103 |
| Accrued liabilities | 7,812 | 6,589 |
| Federal and other taxes on income | 921 | 1,554 |
| Other taxes payable | 952 | 1,002 |
| Total Current Liabilities | 22,183 | 26,530 |
| Long-term debt | 42,767 | 23,691 [1] |
| Deferred credits and other noncurrent obligations | 20,328 | 20,445 |
| Noncurrent deferred income taxes | 12,569 | 13,688 |
| Noncurrent employee benefit plans | 9,217 | 7,866 |
| Total Liabilities | 107,064 [2] | 92,220 |
| Preferred stock (authorized 100,000,000 shares; $1.00 par value; none issued) | 0 | 0 |
| Common stock (authorized 6,000,000,000 shares; $0.75 par value; 2,442,676,580 shares issued at December 31,2020 and 2019) | 1,832 | 1,832 |
| Capital in excess of par value | 16,829 | 17,265 |
| Retained earnings | 160,377 | 174,945 |
| Accumulated other comprehensive losses | (5,612) | (4,990) |
| Deferred compensation and benefit plan trust | (240) | (240) |
| Treasury stock, at cost (2020 - 517,490,263 shares; 2019 - 560,508,479 shares) | (41,498) | (44,599) |
| Total Chevron Corporation Stockholders Equity | 131,688 | 144,213 |
| Noncontrolling interests (2020 includes $120 redeemable noncontrolling interest) | 1,038 | 995 |
| Total Equity | 132,726 | 145,208 |
| Total Liabilities and Equity | 239,790 | 237,428 |
| [1] Includes finance lease liabilities of $447 and $282 at December 31, 2020 and 2019, respectively. | ||
| [2] "Refer to Note 22, ""Other Contingencies and Commitments"" beginning on page 92." | ||
| External Links | |
| CHEVRON CORP (CVX) Fiscal Year 2020 | |
| Statements of 10-K in Excel | https://www.sec.gov/.../Financial.xlxs |
| Complete 10-K in HTML | https://www.sec.gov/.../10-K.html |
| Complete 10-K in XBRL | https://www.sec.gov/.../10-K-xbrl.zip |