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Investments and Advances (Tables) | 12 Months Ended
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Dec. 31, 2023
Investments in and Advances to Affiliates, Schedule of Investments [Abstract] |
Equity in earnings, together with investments in and advances to companies accounted for using the equity method and other investments accounted for at or below cost | Equity in earnings, together with investments in and advances to companies accounted for using the equity method and other investments accounted for at or below cost, is shown in the following table. For certain equity affiliates, Chevron pays its share of some income taxes directly. For such affiliates, the equity in earnings does not include these taxes, which are reported on the Consolidated Statement of Income as “Income tax expense.”
Investments and Advances |  | Equity in Earnings
| At December 31 |  | Year ended December 31
| 2023 |  | 2022 |  | 2023 |  | 2022 |  | 2021
Upstream |  |  |  |  |  |  |  |  |
Tengizchevroil | $ | 26,954 |  |  | $ | 26,534 |  |  | $ | 3,375 |  |  | $ | 4,386 |  |  | $ | 2,831 |
Caspian Pipeline Consortium | 797 |  |  | 761 |  |  | 158 |  |  | 128 |  |  | 155 |
Angola LNG Limited | 1,762 |  |  | 1,963 |  |  | 513 |  |  | 1,857 |  |  | 336 |
Other | 2,106 |  |  | 1,938 |  |  | (161) |  |  | 255 |  |  | 187 |
Total Upstream | 31,619 |  |  | 31,196 |  |  | 3,885 |  |  | 6,626 |  |  | 3,509 |
Downstream |  |  |  |  |  |  |  |  |
Chevron Phillips Chemical Company LLC | 7,765 |  |  | 6,843 |  |  | 608 |  |  | 867 |  |  | 1,842 |
GS Caltex Corporation | 4,309 |  |  | 4,288 |  |  | 437 |  |  | 874 |  |  | 85 |
Other | 2,426 |  |  | 2,288 |  |  | 210 |  |  | 224 |  |  | 220 |
Total Downstream | 14,500 |  |  | 13,419 |  |  | 1,255 |  |  | 1,965 |  |  | 2,147 |
All Other |  |  |  |  |  |  |  |  |
Other | (6) |  |  | (5) |  |  | (9) |  |  | (6) |  |  | 1 |
Total equity method | $ | 46,113 |  |  | $ | 44,610 |  |  | $ | 5,131 |  |  | $ | 8,585 |  |  | $ | 5,657 |
Other non-equity method investments | 699 |  |  | 628 |  |  |  |  |  |  |
Total investments and advances | $ | 46,812 |  |  | $ | 45,238 |  |  |  |  |  |  |
Total United States | $ | 10,985 |  |  | $ | 9,855 |  |  | $ | 340 |  |  | $ | 975 |  |  | $ | 1,889 |
Total International | $ | 35,827 |  |  | $ | 35,383 |  |  | $ | 4,791 |  |  | $ | 7,610 |  |  | $ | 3,768 |
Summarized financial information on a 100 percent basis for all equity affiliates as well as Chevron's total share, which includes Chevron loans to affiliates | The following table provides summarized financial information on a 100 percent basis for all equity affiliates as well as Chevron’s total share, which includes Chevron’s net loans to affiliates of $4,494, $4,278 and $4,704 at December 31, 2023, 2022 and 2021, respectively.
| Affiliates |  |  | Chevron Share
Year ended December 31 | 2023 |  | 2022 |  | 2021 |  |  | 2023 |  | 2022 |  | 2021
Total revenues | $ | 49,306 |  |  | $ | 100,184 |  |  | $ | 71,241 |  |  |  | $ | 23,217 |  |  | $ | 48,323 |  |  | $ | 34,359 |
Income before income tax expense* | 15,304 |  |  | 23,811 |  |  | 15,175 |  |  |  | 7,209 |  |  | 10,876 |  |  | 6,984 |
Net income attributable to affiliates | 11,618 |  |  | 19,077 |  |  | 12,598 |  |  |  | 5,485 |  |  | 8,595 |  |  | 5,670 |
At December 31 |  |  |  |  |  |  |  |  |  |  |  |
Current assets | $ | 22,772 |  |  | $ | 26,632 |  |  | $ | 21,871 |  |  |  | $ | 10,110 |  |  | $ | 11,671 |  |  | $ | 9,267 |
Noncurrent assets | 105,965 |  |  | 101,557 |  |  | 100,235 |  |  |  | 48,753 |  |  | 46,428 |  |  | 44,360 |
Current liabilities | 14,085 |  |  | 16,319 |  |  | 17,275 |  |  |  | 6,698 |  |  | 7,708 |  |  | 7,492 |
Noncurrent liabilities | 23,797 |  |  | 22,943 |  |  | 24,219 |  |  |  | 6,342 |  |  | 5,980 |  |  | 5,982 |
Total affiliates’ net equity | $ | 90,855 |  |  | $ | 88,927 |  |  | $ | 80,612 |  |  |  | $ | 45,823 |  |  | $ | 44,411 |  |  | $ | 40,153 |
* Chevron’s net income attributable to affiliates is recorded in the company’s before-tax consolidated earnings in accordance with U.S. Generally Accepted Accounting Principles. The total income tax expense recorded by the company’s equity affiliates in 2023 was $3,686, with Chevron’s share being $1,724.

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- Definition A tabular presentation of the information summarizing investments in and advances to majority-owned subsidiaries, other controlled companies, and other affiliates, as prescribed by the SEC. It reflects specified information about ownership, financial results from, and financial position in such entities. Includes the tabular presentations that disaggregate investments in and advances to majority-owned subsidiaries, other controlled companies, and other affiliates. + References No definition available. + Details
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