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Operating Segments and Geographic Data (Tables)

12 Months Ended

Dec. 31, 2020

Segment Reporting [Abstract]

Segment Earnings

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

			Year ended December 31
			2020									2019						2018
Upstream
United States			$	(1,608)								$	(5,094)					$	3,278
International			(825)									7,670						10,038
Total Upstream			(2,433)									2,576						13,316
Downstream
United States			(571)									1,559						2,103
International			618									922						1,695
Total Downstream			47									2,481						3,798
Total Segment Earnings			(2,386)									5,057						17,114
All Other
Interest expense			(658)									(761)						(713)
Interest income			52									181						137
Other			(2,551)									(1,553)						(1,714)
Net Income (Loss) Attributable to Chevron Corporation			$	(5,543)								$	2,924					$	14,824

Segment Assets

Assets at year-end 2020 and 2019 are as follows:

			At December 31
			2020									2019
Upstream
United States			$	42,431								$	35,926
International			144,476									145,648
Goodwill			4,402									4,463
Total Upstream			191,309									186,037
Downstream
United States			23,490									25,197
International			16,096									16,955
Total Downstream			39,586									42,152
Total Segment Assets			230,895									228,189
All Other
United States			4,017									3,475
International			4,878									5,764
Total All Other			8,895									9,239
Total Assets – United States			69,938									64,598
Total Assets – International			165,450									168,367
Goodwill			4,402									4,463
Total Assets			$	239,790								$	237,428

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
			2020									2019						2018
Upstream
United States			$	14,577								$	23,358					$	22,891
International			26,804									35,628						37,822
Subtotal			41,381									58,986						60,713
Intersegment Elimination — United States			(8,068)									(14,944)						(13,965)
Intersegment Elimination — International			(7,002)									(12,335)						(13,679)
Total Upstream			26,311									31,707						33,069
Downstream
United States			32,589									55,271						59,376
International			38,936									57,654						70,095
Subtotal			71,525									112,925						129,471
Intersegment Elimination — United States			(2,150)									(3,924)						(2,742)
Intersegment Elimination — International			(1,292)									(1,089)						(1,132)
Total Downstream			68,083									107,912						125,597
All Other
United States			744									1,064						1,022
International			15									20						22
Subtotal			759									1,084						1,044
Intersegment Elimination — United States			(667)									(818)						(786)
Intersegment Elimination — International			(15)									(20)						(22)
Total All Other			77									246						236
Sales and Other Operating Revenues
United States			47,910									79,693						83,289
International			65,755									93,302						107,939
Subtotal			113,665									172,995						191,228
Intersegment Elimination — United States			(10,885)									(19,686)						(17,493)
Intersegment Elimination — International			(8,309)									(13,444)						(14,833)
Total Sales and Other Operating Revenues			$	94,471								$	139,865					$	158,902

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 2020, 2019 and 2018 is as follows:

			Year ended December 31
			2020									2019						2018
Upstream
United States			$	(570)								$	(1,550)					$	811
International			(415)									3,492						4,687
Total Upstream			(985)									1,942						5,498
Downstream
United States			(192)									392						534
International			253									170						328
Total Downstream			61									562						862
All Other			(968)									187						(645)
Total Income Tax Expense (Benefit)			$	(1,892)								$	2,691					$	5,715

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