XML 31 R19.htm IDEA: XBRL DOCUMENT v3.19.3

Income Taxes	9 Months Ended
	Sep. 30, 2019
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The decrease in income tax expense between quarterly periods of $174 million, from $1.64 billion in 2018 to $1.47 billion in 2019, is a result of the year-over-year decrease in total income before income tax expense, which is primarily due to lower crude oil and natural gas prices. The company’s effective tax rate changed between quarterly periods from 29 percent in 2018 to 36 percent in 2019. The change in effective tax rate is primarily due to a current quarter tax charge of $430 million related to cash repatriation, and the consequence of the jurisdictional mix effect. The decrease in income tax expense between nine-month periods of $111 million, from $4.54 billion in 2018 to $4.43 billion in 2019, is primarily a result of the decrease in total before-tax income between periods from $15.68 billion in 2018 to $13.94 billion in 2019. The company’s effective tax rate changed between nine-month periods from 29 percent in 2018 to 32 percent in 2019. The change in effective tax rate is primarily a consequence of a tax charge related to cash repatriation. Also contributing to the change was the jurisdictional mix effect resulting from earnings being generated in different tax jurisdictions, partially offset by the tax benefit related to a reduction in the Alberta, Canada corporate tax rate. Tax positions for Chevron and its subsidiaries and affiliates are subject to income tax audits by many tax jurisdictions throughout the world. For the company’s major tax jurisdictions, examinations of tax returns for certain prior tax years had not been completed as of September 30, 2019. For these jurisdictions, the latest years for which income tax examinations had been finalized were as follows: United States — 2013, Nigeria — 2000, Australia — 2006 and Kazakhstan — 2012. The company engages in ongoing discussions with tax authorities regarding the resolution of tax matters in the various jurisdictions. Both the outcomes for these tax matters and the timing of resolution and/or closure of the tax audits are highly uncertain. However, it is reasonably possible that developments regarding tax matters in certain tax jurisdictions may result in significant increases or decreases in the company’s total unrecognized tax benefits within the next 12 months. Given the number of years that still remain subject to examination and the number of matters being examined in the various tax jurisdictions, the company is unable to estimate the range of possible adjustments to the balance of unrecognized tax benefits.

X

- References

No definition available.

+ Details

Name:	us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-URI http://asc.fasb.org/topic&trid=2144680

+ Details

Name:	us-gaap_IncomeTaxDisclosureTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration