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CONSOLIDATED STATEMENT OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues and Other Income        
Sales and other operating revenues $ 65,372 $ 36,117 $ 117,686 $ 67,193
Income (loss) from equity affiliates 2,467 1,442 4,552 2,353
Other income (loss) 923 38 897 80
Total Revenues and Other Income 68,762 37,597 123,135 69,626
Costs and Other Deductions        
Purchased crude oil and products 40,003 20,629 72,652 38,197
Operating expenses 6,318 4,899 11,956 9,866
Selling, general and administrative expenses 863 1,096 1,830 2,086
Exploration expenses 196 113 405 199
Depreciation, depletion and amortization 3,700 4,522 7,354 8,808
Taxes other than on income 1,563 1,566 3,565 2,986
Interest and debt expense 129 185 265 383
Other components of net periodic benefit costs (13) 165 51 502
Total Costs and Other Deductions 52,759 33,175 98,078 63,027
Income (Loss) Before Income Tax Expense 16,003 4,422 25,057 6,599
Income Tax Expense (Benefit) 4,288 1,328 7,065 2,107
Net Income (Loss) 11,715 3,094 17,992 4,492
Less: Net income (loss) attributable to noncontrolling interests 93 12 111 33
Net Income (Loss) Attributable to Chevron Corporation $ 11,622 $ 3,082 $ 17,881 $ 4,459
Net Income (Loss) Attributable to Chevron Corporation        
Basic (in dollars per share) $ 5.98 $ 1.61 $ 9.21 $ 2.33
Diluted (in dollars per share) $ 5.95 $ 1.60 $ 9.17 $ 2.32
Weighted Average Number of Shares Outstanding        
Basic (in shares) 1,947,703 1,917,536 1,941,719 1,915,243
Diluted (in shares) 1,957,109 1,921,958 1,950,860 1,918,940