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: 2022 | |||
Consolidated Statement of Income | |||
Period Ending Dec 31, 2022 10-K (Filed: Feb 23, 2023) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
| Revenues and Other Income | |||
| Sales and other operating revenues | $ 235,717 | 155,606 | 94,471 |
| Income (loss) from equity affiliates | 8,585 | 5,657 | (472) |
| Other income | 1,950 | 1,202 | 693 |
| Total Revenues and Other Income | 246,252 | 162,465 | 94,692 |
| Costs and Other Deductions | |||
| Purchased crude oil and products | 145,416 | 92,249 | 52,148 |
| Operating expenses | 24,714 | 20,726 | 20,323 |
| Selling, general and administrative expenses | 4,312 | 4,014 | 4,213 |
| Exploration expenses | 974 | 549 | 1,537 |
| Depreciation, depletion and amortization | 16,319 | 17,925 | 19,508 |
| Taxes other than on income | 4,032 | 3,963 | 2,839 |
| Interest and debt expense | 516 | 712 | 697 |
| Other components of net periodic benefit costs | 295 | 688 | 880 |
| Total Costs and Other Deductions | 196,578 | 140,826 | 102,145 |
| Income (Loss) Before Income Tax Expense | 49,674 | 21,639 | (7,453) |
| Income Tax Expense (Benefit) | 14,066 | 5,950 | (1,892) |
| Net Income (Loss) | 35,608 | 15,689 | (5,561) |
| Less: Net income (loss) attributable to noncontrolling interests | 143 | 64 | (18) |
| Net Income (Loss) Attributable to Chevron Corporation | 35,465 | 15,625 | (5,543) |
| Net Income (Loss) Attributable to Chevron Corporation | |||
| Basic (in dollars per share) | 18.36 | 8.15 | (2.96) |
| Diluted (in dollars per share) | 18.28 | 8.14 | (2.96) |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
CHEVRON CORP | |||
Ticker: CVX Fiscal Year: 2022 | |||
Consolidated Statement of Comprehensive Income | |||
Period Ending Dec 31, 2022 10-K (Filed: Feb 23, 2023) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
| Net Income (Loss) | $ 35,608 | 15,689 | (5,561) |
| Currency translation adjustment | |||
| Unrealized net change arising during period | (41) | (55) | 35 |
| Unrealized holding gain (loss) on securities | |||
| Net gain (loss) arising during period | (1) | (1) | (2) |
| Derivatives | |||
| Net derivatives gain (loss) on hedge transactions | 65 | (6) | 0 |
| Reclassification to net income | (80) | 6 | 0 |
| Income taxes on derivatives transactions | 3 | 0 | 0 |
| Total | (12) | 0 | 0 |
| Defined benefit plans | |||
| Actuarial gain (loss) | |||
| Amortization to net income of net actuarial loss and settlements | 599 | 1,069 | 1,107 |
| Actuarial gain (loss) arising during period | 1,050 | 1,244 | (2,004) |
| Prior service credits (cost) | |||
| Amortization to net income of net prior service costs and curtailments | (19) | (14) | (23) |
| Prior service (costs) credits arising during period | (96) | 0 | 0 |
| Defined benefit plans sponsored by equity affiliates - benefit (cost) | 100 | 127 | (104) |
| Income tax benefit (cost) on defined benefit plans | (489) | (647) | 369 |
| Total | 1,145 | 1,779 | (655) |
| Other Comprehensive Gain (Loss), Net of Tax | 1,091 | 1,723 | (622) |
| Comprehensive Income (Loss) | 36,699 | 17,412 | (6,183) |
| Comprehensive loss (income) attributable to noncontrolling interests | (143) | (64) | 18 |
| Comprehensive Income (Loss) Attributable to Chevron Corporation | 36,556 | 17,348 | (6,165) |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
CHEVRON CORP | |||
Ticker: CVX Fiscal Year: 2022 | |||
Consolidated Statement of Cash Flows | |||
Period Ending Dec 31, 2022 10-K (Filed: Feb 23, 2023) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
| Operating Activities | |||
| Net Income (Loss) | $ 35,608 | 15,689 | (5,561) |
| Adjustments | |||
| Depreciation, depletion and amortization | 16,319 | 17,925 | 19,508 |
| Dry hole expense | 486 | 118 | 1,036 |
| Distributions more (less) than income from equity affiliates | (4,730) | (1,998) | 2,015 |
| Net before-tax gains on asset retirements and sales | (550) | (1,021) | (760) |
| Net foreign currency effects | (412) | (7) | 619 |
| Deferred income tax provision | 2,124 | 700 | (3,604) |
| Net decrease (increase) in operating working capital | 2,125 | (1,361) | (1,652) |
| Decrease (increase) in long-term receivables | 153 | 21 | 296 |
| Net decrease (increase) in other deferred charges | (212) | (320) | (248) |
| Cash contributions to employee pension plans | (1,322) | (1,751) | (1,213) |
| Other | 13 | 1,192 | 141 |
| Net Cash Provided by Operating Activities | 49,602 | 29,187 | 10,577 |
| Investing Activities | |||
| Acquisition of businesses, net of cash received | (2,862) | ||
| Acquisition of businesses, net of cash received | 0 | 373 | |
| Capital expenditures | (11,974) | (8,056) | (8,922) |
| Proceeds and deposits related to asset sales and returns of investment | 2,635 | 1,791 | 2,968 |
| Net sales (purchases) of marketable securities | 117 | (1) | 35 |
| Net repayment (borrowing) of loans by equity affiliates | (24) | 401 | (1,419) |
| Net Cash Used for Investing Activities | (12,108) | (5,865) | (6,965) |
| Financing Activities | |||
| Net borrowings (repayments) of short-term obligations | 263 | (5,572) | 651 |
| Proceeds from issuances of long-term debt | 0 | 0 | 12,308 |
| Repayments of long-term debt and other financing obligations | (8,742) | (7,364) | (5,489) |
| Cash dividends - common stock | (10,968) | (10,179) | (9,651) |
| Net contributions from (distributions to) noncontrolling interests | (114) | (36) | (24) |
| Net sales (purchases) of treasury shares | (5,417) | 38 | (1,531) |
| Net Cash Provided by (Used for) Financing Activities | (24,978) | (23,113) | (3,736) |
| Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash | (190) | (151) | (50) |
| Net Change in Cash, Cash Equivalents and Restricted Cash | 12,326 | 58 | (174) |
| Cash, Cash Equivalents and Restricted Cash at January 1 | 6,795 | 6,737 | |
| Cash, Cash Equivalents and Restricted Cash at December 31 | 19,121 | 6,795 | 6,737 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
CHEVRON CORP | ||
Ticker: CVX Fiscal Year: 2022 | ||
Consolidated Balance Sheet | ||
Period Ending Dec 31, 2022 10-K (Filed: Feb 23, 2023) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2022 | Dec 31, 2021 | |
| Assets | ||
| Cash and cash equivalents | $ 17,678 | 5,640 |
| Marketable securities | 223 | 35 |
| Accounts and notes receivable (less allowance: 2022 - $457; 2021 - $303) | 20,456 | 18,419 |
| Inventories: | ||
| Crude oil and products | 5,866 | 4,248 |
| Chemicals | 515 | 565 |
| Materials, supplies and other | 1,866 | 1,982 |
| Total inventories | 8,247 | 6,795 |
| Prepaid expenses and other current assets | 3,739 | 2,849 |
| Total Current Assets | 50,343 | 33,738 |
| Long-term receivables, net (less allowances: 2022 - $552; 2021 - $442) | 1,069 | 603 |
| Investments and advances | 45,238 | 40,696 |
| Properties, plant and equipment, at cost | 327,785 | 336,045 |
| Less: Accumulated depreciation, depletion and amortization | 184,194 | 189,084 |
| Properties, plant and equipment, net | 143,591 | 146,961 |
| Deferred charges and other assets | 12,310 | 12,384 |
| Goodwill | 4,722 | 4,385 |
| Assets held for sale | 436 | 768 |
| Total Assets | 257,709 | 239,535 |
| Liabilities and Equity | ||
| Short-term debt | 1,964 | 256 |
| Accounts payable | 18,955 | 16,454 |
| Accrued liabilities | 7,486 | 6,972 |
| Federal and other taxes on income | 4,381 | 1,700 |
| Other taxes payable | 1,422 | 1,409 |
| Total Current Liabilities | 34,208 | 26,791 |
| Long-term debt | 21,375 [1] | 31,113 |
| Deferred credits and other noncurrent obligations | 20,396 | 20,778 |
| Noncurrent deferred income taxes | 17,131 | 14,665 |
| Noncurrent employee benefit plans | 4,357 | 6,248 |
| Total Liabilities | 97,467 | 99,595 [2] |
| 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, 2022 and 2021) | 1,832 | 1,832 |
| Capital in excess of par value | 18,660 | 17,282 |
| Retained earnings | 190,024 | 165,546 |
| Accumulated other comprehensive losses | (2,798) | (3,889) |
| Deferred compensation and benefit plan trust | (240) | (240) |
| Treasury stock, at cost (2022 - 527,460,237 shares; 2021 - 512,870,523 shares) | (48,196) | (41,464) |
| Total Chevron Corporation Stockholders Equity | 159,282 | 139,067 |
| Noncontrolling interests (includes redeemable noncontrolling interest of $142 and $135 at December 31, 2022 and 2021) | 960 | 873 |
| Total Equity | 160,242 | 139,940 |
| Total Liabilities and Equity | 257,709 | 239,535 |
| [1] 1 Includes finance lease liabilities of $403 and $449 at December 31, 2022 and 2021, respectively. | ||
| [2] 2 Refer to Note 24 Other Contingencies and Commitments. | ||
| External Links | |
| CHEVRON CORP (CVX) Fiscal Year 2022 | |
| 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 |