XML 43 R31.htm IDEA: XBRL DOCUMENT
v3.21.2

Operating Segments and Geographic Data (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2021
Segment Reporting [Abstract] |
Segment Earnings | Earnings by major operating area for the three- and six-month periods ended June 30, 2021 and 2020, are presented in the following table:
| Three Months Ended June 30 |  | Six Months Ended June 30
| 2021 |  | 2020 |  | 2021 |  | 2020
Segment Earnings | (Millions of dollars) |  | (Millions of dollars)
Upstream |  |  |  |  |  |  |
United States | $ | 1,446 |  |  | $ | (2,066) |  |  | $ | 2,387 |  |  | $ | (1,825) |
International | 1,732 |  |  | (4,023) |  |  | 3,141 |  |  | (1,344) |
Total Upstream | 3,178 |  |  | (6,089) |  |  | 5,528 |  |  | (3,169) |
Downstream |  |  |  |  |  |  |
United States | 776 |  |  | (988) |  |  | 646 |  |  | (538) |
International | 63 |  |  | (22) |  |  | 198 |  |  | 631 |
Total Downstream | 839 |  |  | (1,010) |  |  | 844 |  |  | 93 |
Total Segment Earnings | 4,017 |  |  | (7,099) |  |  | 6,372 |  |  | (3,076) |
All Other |  |  |  |  |  |  |
Interest expense | (173) |  |  | (164) |  |  | (357) |  |  | (318) |
Interest income | 12 |  |  | 13 |  |  | 20 |  |  | 36 |
Other | (774) |  |  | (1,020) |  |  | (1,576) |  |  | (1,313) |
Net Income Attributable to Chevron Corporation | $ | 3,082 |  |  | $ | (8,270) |  |  | $ | 4,459 |  |  | $ | (4,671) |
Segment Assets | Segment assets at June 30, 2021, and December 31, 2020, are as follows:
| At June 30, 2021 |  | At December 31, 2020
Segment Assets | (Millions of dollars)
Upstream |  |  |
United States | $ | 41,713 |  |  | $ | 42,431 |
International | 142,202 |  |  | 144,476 |
Goodwill | 4,402 |  |  | 4,402 |
Total Upstream | 188,317 |  |  | 191,309 |
Downstream |  |  |
United States | 25,659 |  |  | 23,490 |
International | 17,735 |  |  | 16,096 |
Total Downstream | 43,394 |  |  | 39,586 |
Total Segment Assets | 231,711 |  |  | 230,895 |
All Other |  |  |
United States | 4,836 |  |  | 4,017 |
International | 6,259 |  |  | 4,878 |
Total All Other | 11,095 |  |  | 8,895 |
Total Assets — United States | 72,208 |  |  | 69,938 |
Total Assets — International | 166,196 |  |  | 165,450 |
Goodwill | 4,402 |  |  | 4,402 |
Total Assets | $ | 242,806 |  |  | $ | 239,790 |
Segment Sales and Other Operating Revenues | Segment Sales and Other Operating Revenues Segment sales and other operating revenues, including internal transfers, for the three- and six-month periods ended June 30, 2021 and 2020, are presented in the following table. Products are transferred between operating segments at internal product values that approximate market prices. 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.
| Three Months Ended June 30 |  | Six Months Ended June 30
| 2021 |  | 2020 |  | 2021 |  | 2020
Sales and Other Operating Revenues | (Millions of dollars) |  | (Millions of dollars)
Upstream |  |  |  |  |  |  |
United States | $ | 6,034 |  |  | $ | 2,544 |  |  | $ | 11,825 |  |  | $ | 7,010 |
International | 9,516 |  |  | 4,554 |  |  | 18,306 |  |  | 13,567 |
Subtotal | 15,550 |  |  | 7,098 |  |  | 30,131 |  |  | 20,577 |
Intersegment Elimination — United States | (3,256) |  |  | (1,420) |  |  | (6,111) |  |  | (4,232) |
Intersegment Elimination — International | (2,761) |  |  | (1,021) |  |  | (5,136) |  |  | (3,562) |
Total Upstream | 9,533 |  |  | 4,657 |  |  | 18,884 |  |  | 12,783 |
Downstream |  |  |  |  |  |  |
United States | 13,911 |  |  | 5,235 |  |  | 24,765 |  |  | 16,421 |
International | 13,605 |  |  | 6,519 |  |  | 25,187 |  |  | 18,692 |
Subtotal | 27,516 |  |  | 11,754 |  |  | 49,952 |  |  | 35,113 |
Intersegment Elimination — United States | (500) |  |  | (332) |  |  | (966) |  |  | (1,592) |
Intersegment Elimination — International | (457) |  |  | (186) |  |  | (726) |  |  | (771) |
Total Downstream | 26,559 |  |  | 11,236 |  |  | 48,260 |  |  | 32,750 |
All Other |  |  |  |  |  |  |
United States | 210 |  |  | 227 |  |  | 234 |  |  | 437 |
International | — |  |  | 6 |  |  | — |  |  | 8 |
Subtotal | 210 |  |  | 233 |  |  | 234 |  |  | 445 |
Intersegment Elimination — United States | (185) |  |  | (194) |  |  | (185) |  |  | (339) |
Intersegment Elimination — International | — |  |  | (6) |  |  | — |  |  | (8) |
Total All Other | 25 |  |  | 33 |  |  | 49 |  |  | 98 |
Sales and Other Operating Revenues |  |  |  |  |  |  |
United States | 20,155 |  |  | 8,006 |  |  | 36,824 |  |  | 23,868 |
International | 23,121 |  |  | 11,079 |  |  | 43,493 |  |  | 32,267 |
Subtotal | 43,276 |  |  | 19,085 |  |  | 80,317 |  |  | 56,135 |
Intersegment Elimination — United States | (3,941) |  |  | (1,946) |  |  | (7,262) |  |  | (6,163) |
Intersegment Elimination — International | (3,218) |  |  | (1,213) |  |  | (5,862) |  |  | (4,341) |
Total Sales and Other Operating Revenues | $ | 36,117 |  |  | $ | 15,926 |  |  | $ | 67,193 |  |  | $ | 45,631 |

X
- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599 + Details
Name: | us-gaap_ReconciliationOfAssetsFromSegmentToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599 + Details
Name: | us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total revenues from reportable segments to the entity's consolidated revenues. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599 + Details
Name: | us-gaap_ReconciliationOfRevenueFromSegmentsToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration