XML 75 R50.htm IDEA: XBRL DOCUMENT v3.22.4
Operating Segments and Geographic Data (Tables)
12 Months Ended
Dec. 31, 2022
Segment Reporting [Abstract]  
Segment Earnings Earnings by major operating area are presented in the following table:
Year ended December 31
202220212020
Upstream
United States$12,621 $7,319 $(1,608)
International17,663 8,499 (825)
Total Upstream30,284 15,818 (2,433)
Downstream
United States5,394 2,389 (571)
International2,761 525 618 
Total Downstream8,155 2,914 47 
Total Segment Earnings38,439 18,732 (2,386)
All Other
Interest expense(476)(662)(658)
Interest income261 36 52 
Other(2,759)(2,481)(2,551)
Net Income (Loss) Attributable to Chevron Corporation
$35,465 $15,625 $(5,543)
Segment Assets Assets at year-end 2022 and 2021 are as follows:
At December 31
20222021
Upstream
United States$44,246 $41,870 
International134,489 138,157 
Goodwill4,370 4,385 
Total Upstream183,105 184,412 
Downstream
United States31,676 26,376 
International21,193 18,848 
Goodwill352 — 
Total Downstream53,221 45,224 
Total Segment Assets236,326 229,636 
All Other
United States17,861 5,746 
International3,522 4,153 
Total All Other21,383 9,899 
Total Assets – United States93,783 73,992 
Total Assets – International159,204 161,158 
Goodwill4,722 4,385 
Total Assets$257,709 $239,535 
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
202220212020
Upstream
United States
$50,822 $29,219 $14,577 
International
56,156 40,921 26,804 
Subtotal
106,978 70,140 41,381 
Intersegment Elimination — United States
(29,870)(15,154)(8,068)
Intersegment Elimination — International
(13,815)(10,994)(7,002)
Total Upstream63,293 43,992 26,311 
Downstream
United States
91,824 57,209 32,589 
International
87,741 58,098 38,936 
Subtotal
179,565 115,307 71,525 
Intersegment Elimination — United States
(5,529)(2,296)(2,150)
Intersegment Elimination — International
(1,728)(1,521)(1,292)
Total Downstream172,308 111,490 68,083 
All Other
United States
515 506 744 
International
3 15 
Subtotal
518 508 759 
Intersegment Elimination — United States
(400)(382)(667)
Intersegment Elimination — International
(2)(2)(15)
Total All Other116 124 77 
Sales and Other Operating Revenues
United States
143,161 86,934 47,910 
International
143,900 99,021 65,755 
Subtotal
287,061 185,955 113,665 
Intersegment Elimination — United States
(35,799)(17,832)(10,885)
Intersegment Elimination — International
(15,545)(12,517)(8,309)
Total Sales and Other Operating Revenues
$235,717 $155,606 $94,471 
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 2022, 2021 and 2020 is as follows:
Year ended December 31
202220212020
Upstream
United States$3,678 $1,934 $(570)
International9,055 4,192 (415)
Total Upstream12,733 6,126 (985)
Downstream
United States1,515 547 (192)
International280 203 253 
Total Downstream1,795 750 61 
All Other(462)(926)(968)
Total Income Tax Expense (Benefit)$14,066 $5,950 $(1,892)