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Operating Segments and Geographic Data (Tables)

12 Months Ended

Dec. 31, 2019

Segment Reporting [Abstract]

Segment Earnings

Earnings by major operating area are presented in the following table:

	Year ended December 31
	2019					2018				2017
Upstream
United States	$	(5,094	)			$	3,278			$	3,640
International	7,670					10,038				4,510
Total Upstream	2,576					13,316				8,150
Downstream
United States	1,559					2,103				2,938
International	922					1,695				2,276
Total Downstream	2,481					3,798				5,214
Total Segment Earnings	5,057					17,114				13,364
All Other
Interest expense	(761		)			(713		)		(264		)
Interest income	181					137				60
Other	(1,553		)			(1,714		)		(3,965		)
Net Income (Loss) Attributable to Chevron Corporation	$	2,924				$	14,824			$	9,195

Segment Assets

Assets at year-end 2019 and 2018 are as follows:

	At December 31
	2019					2018
Upstream
United States	$	35,926				$	42,594
International	145,648					153,861
Goodwill	4,463					4,518
Total Upstream	186,037					200,973
Downstream
United States	25,197					23,866
International	16,955					15,622
Total Downstream	42,152					39,488
Total Segment Assets	228,189					240,461
All Other
United States	3,475					5,100
International	5,764					8,302
Total All Other	9,239					13,402
Total Assets – United States	64,598					71,560
Total Assets – International	168,367					177,785
Goodwill	4,463					4,518
Total Assets	$	237,428				$	253,863

Segment Sales and Other Operating Revenues

Revenues for the upstream segment are derived primarily from the production and sale of crude oil and natural gas, as well as the sale of third-party production of natural gas. Revenues for the downstream segment are derived from the refining and marketing of petroleum products such as gasoline, jet fuel, gas oils, lubricants, residual fuel oils and other products derived from crude oil. This segment also generates revenues from the manufacture and sale of fuel and lubricant additives and the transportation and trading of refined products and crude oil. “All Other” activities include revenues from insurance operations, real estate activities and technology companies.

	Year ended December 311
	2019					2018				2017
Upstream
United States	$	23,358				$	22,891			$	13,242
International	35,628					37,822				28,680
Subtotal	58,986					60,713				41,922
Intersegment Elimination — United States	(14,944		)			(13,965		)		(9,341		)
Intersegment Elimination — International	(12,335		)			(13,679		)		(11,471		)
Total Upstream	31,707					33,069				21,110
Downstream
United States	55,271					59,376				53,140
International	57,654					70,095				61,395
Subtotal	112,925					129,471				114,535
Intersegment Elimination — United States	(3,924		)			(2,742		)		(14		)
Intersegment Elimination — International	(1,089		)			(1,132		)		(1,166		)
Total Downstream	107,912					125,597				113,355
All Other
United States	1,064					1,022				1,022
International	20					22				26
Subtotal	1,084					1,044				1,048
Intersegment Elimination — United States	(818		)			(786		)		(814		)
Intersegment Elimination — International	(20		)			(22		)		(25		)
Total All Other	246					236				209
Sales and Other Operating Revenues
United States	79,693					83,289				67,404
International	93,302					107,939				90,101
Subtotal	172,995					191,228				157,505
Intersegment Elimination — United States	(19,686		)			(17,493		)		(10,169		)
Intersegment Elimination — International	(13,444		)			(14,833		)		(12,662		)
Total Sales and Other Operating Revenues	$	139,865				$	158,902			$	134,674

¹ Other than the United States, no other country accounted for 10 percent or more of the company’s Sales and Other Operating Revenues.

Segment income tax expense

Segment income tax expense for the years 2019, 2018 and 2017 is as follows:

	Year ended December 31
	2019					2018				2017
Upstream
United States	$	(1,550	)			$	811			$	(3,538	)
International	3,492					4,687				2,249
Total Upstream	1,942					5,498				(1,289		)
Downstream
United States	392					534				(419		)
International	170					328				650
Total Downstream	562					862				231
All Other	187					(645		)		1,010
Total Income Tax Expense (Benefit)	$	2,691				$	5,715			$	(48	)

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