XML 133 R110.htm IDEA: XBRL DOCUMENT v3.22.0.1
Employee Benefit Plans - Narrative (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Defined Benefit Plan Disclosure [Line Items]        
Maximum annual increase percentage to company contribution for retiree medical coverage 4.00%      
Funded Status:        
Amounts recognized on a before-tax bases in "Accumulated other comprehensive loss" for the company's pension and other postretirement benefit plans $ 4,979 $ 7,278    
Other Benefit Assumptions:        
Assumed health care cost-trend rates in the next fiscal year 6.20% 6.10%    
Ultimate trend rate for health care cost 4.50% 4.50%    
Primary Investment:        
Company's US and UK pension plans as a percentage of total pension assets 94.00%      
Benefit Plan Trusts:        
Number of Chevron treasury stocks held in benefit plan trust for funding obligations 14,168,000 14,168,000 14,168,000 14,168,000
Various grantor trust assets invested primarily in interest earning accounts $ 36 $ 36    
Employee Incentive Plan        
Charges to expense for cash bonuses 1,165 462 $ 826  
Other Benefits        
Funded Status:        
Amounts recognized on a before-tax bases in "Accumulated other comprehensive loss" for the company's pension and other postretirement benefit plans $ (25) $ 74    
Discount Rate:        
Discount rate for pension plans 2.90% 2.60% 3.20%  
Cash Contributions and Benefit Payments:        
Contributions to employee pension plans $ 146 $ 155    
Estimated contributions to employee pension plans for the next fiscal year 150      
ESIP        
Employee Savings Investment Plan:        
Compensation expense $ 252 281 $ 284  
U.S.        
Expected Return on Plan Assets:        
Estimated long-term rate of return on US pension plan assets 6.50%      
Cash Contributions and Benefit Payments:        
Contributions to employee pension plans $ 1,552      
Estimated contributions to employee pension plans for the next fiscal year 1,100      
U.S. | Pension Benefits        
Funded Status:        
Amounts recognized on a before-tax bases in "Accumulated other comprehensive loss" for the company's pension and other postretirement benefit plans 4,009 5,717    
Accumulated benefit obligations pension plans $ 11,337 $ 13,608    
Expected Return on Plan Assets:        
Estimated long-term rate of return on US pension plan assets 6.50% 6.50% 6.80%  
Percentage of US pension plan assets relative to total pension plan assets 67.00%      
Plan asset market valuation period, prior to year-end measurement date 3 months      
Discount Rate:        
Discount rate for pension plans 2.80% 2.40% 3.10%  
Cash Contributions and Benefit Payments:        
Contributions to employee pension plans $ 1,552 $ 950    
U.S. | Pension Benefits | Equities | Minimum        
Primary Investment:        
Pension Plan - Board of Trustees approved asset allocation 40.00%      
U.S. | Pension Benefits | Equities | Maximum        
Primary Investment:        
Pension Plan - Board of Trustees approved asset allocation 65.00%      
U.S. | Pension Benefits | Fixed Income and Cash | Minimum        
Primary Investment:        
Pension Plan - Board of Trustees approved asset allocation 20.00%      
U.S. | Pension Benefits | Fixed Income and Cash | Maximum        
Primary Investment:        
Pension Plan - Board of Trustees approved asset allocation 40.00%      
U.S. | Pension Benefits | Real Estate | Minimum        
Primary Investment:        
Pension Plan - Board of Trustees approved asset allocation 0.00%      
U.S. | Pension Benefits | Real Estate | Maximum        
Primary Investment:        
Pension Plan - Board of Trustees approved asset allocation 15.00%      
U.S. | Pension Benefits | Other | Minimum        
Primary Investment:        
Pension Plan - Board of Trustees approved asset allocation 0.00%      
U.S. | Pension Benefits | Other | Maximum        
Primary Investment:        
Pension Plan - Board of Trustees approved asset allocation 5.00%      
U.S. | Pension Benefits | Cash | Minimum        
Primary Investment:        
Pension Plan - Board of Trustees approved asset allocation 0.00%      
U.S. | Pension Benefits | Cash | Maximum        
Primary Investment:        
Pension Plan - Board of Trustees approved asset allocation 25.00%      
Int’l.        
Cash Contributions and Benefit Payments:        
Contributions to employee pension plans $ 199      
Estimated contributions to employee pension plans for the next fiscal year 200      
Int’l. | Pension Benefits        
Funded Status:        
Amounts recognized on a before-tax bases in "Accumulated other comprehensive loss" for the company's pension and other postretirement benefit plans 995 1,487    
Accumulated benefit obligations pension plans $ 4,976 $ 5,758    
Expected Return on Plan Assets:        
Estimated long-term rate of return on US pension plan assets 3.50% 4.50% 5.60%  
Discount Rate:        
Discount rate for pension plans 2.80% 2.40% 3.20%  
Cash Contributions and Benefit Payments:        
Contributions to employee pension plans $ 199 $ 263    
UNITED KINGDOM | Pension Benefits | Equities | Minimum        
Primary Investment:        
Pension Plan - Board of Trustees approved asset allocation 10.00%      
UNITED KINGDOM | Pension Benefits | Equities | Maximum        
Primary Investment:        
Pension Plan - Board of Trustees approved asset allocation 30.00%      
UNITED KINGDOM | Pension Benefits | Fixed Income and Cash | Minimum        
Primary Investment:        
Pension Plan - Board of Trustees approved asset allocation 55.00%      
UNITED KINGDOM | Pension Benefits | Fixed Income and Cash | Maximum        
Primary Investment:        
Pension Plan - Board of Trustees approved asset allocation 85.00%      
UNITED KINGDOM | Pension Benefits | Real Estate | Minimum        
Primary Investment:        
Pension Plan - Board of Trustees approved asset allocation 5.00%      
UNITED KINGDOM | Pension Benefits | Real Estate | Maximum        
Primary Investment:        
Pension Plan - Board of Trustees approved asset allocation 15.00%      
UNITED KINGDOM | Pension Benefits | Cash | Minimum        
Primary Investment:        
Pension Plan - Board of Trustees approved asset allocation 0.00%      
UNITED KINGDOM | Pension Benefits | Cash | Maximum        
Primary Investment:        
Pension Plan - Board of Trustees approved asset allocation 5.00%