Stock Analysis on Net

Chevron Corp. (NYSE:CVX)

Balance Sheet: Liabilities and Stockholders’ Equity

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.

Chevron Corp., consolidated balance sheet: liabilities and stockholders’ equity

US$ in millions

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Short-term debt 4,406 529 1,964 256 1,548
Accounts payable 22,079 20,423 18,955 16,454 10,950
Accrued liabilities 8,486 7,655 7,486 6,972 7,812
Federal and other taxes on income 1,872 1,863 4,381 1,700 921
Other taxes payable 1,715 1,788 1,422 1,409 952
Current liabilities 38,558 32,258 34,208 26,791 22,183
Long-term debt, excluding debt due within one year 20,135 20,307 21,375 31,113 42,767
Deferred credits and other noncurrent obligations 22,094 24,226 20,396 20,778 20,328
Noncurrent deferred income taxes 19,137 18,830 17,131 14,665 12,569
Noncurrent employee benefit plans 3,857 4,082 4,357 6,248 9,217
Noncurrent liabilities 65,223 67,445 63,259 72,804 84,881
Total liabilities 103,781 99,703 97,467 99,595 107,064
Redeemable noncontrolling interest 166 142 135 120
Preferred stock, $1.00 par value; none issued
Common stock, $0.75 par value 1,832 1,832 1,832 1,832 1,832
Capital in excess of par value 21,671 21,365 18,660 17,282 16,829
Retained earnings 205,852 200,025 190,024 165,546 160,377
Accumulated other comprehensive losses (2,760) (2,960) (2,798) (3,889) (5,612)
Deferred compensation and benefit plan trust (240) (240) (240) (240) (240)
Treasury stock, at cost (74,037) (59,065) (48,196) (41,464) (41,498)
Total Chevron Corporation stockholders’ equity 152,318 160,957 159,282 139,067 131,688
Noncontrolling interests 839 806 818 738 918
Total equity 153,157 161,763 160,100 139,805 132,606
Total liabilities and equity 256,938 261,632 257,709 239,535 239,790

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

Balance sheet item Description The company
Current liabilities Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Chevron Corp. current liabilities decreased from 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level.
Noncurrent liabilities Amount of obligation due after one year or beyond the normal operating cycle, if longer. Chevron Corp. noncurrent liabilities increased from 2022 to 2023 but then slightly decreased from 2023 to 2024 not reaching 2022 level.
Total liabilities Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Chevron Corp. total liabilities increased from 2022 to 2023 and from 2023 to 2024.
Total Chevron Corporation stockholders’ equity Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Chevron Corp. total Chevron Corporation stockholders’ equity increased from 2022 to 2023 but then decreased significantly from 2023 to 2024.