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Long-Term Debt | 12 Months Ended
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Dec. 31, 2024
Debt Disclosure [Abstract] |
Long-Term Debt | Long-Term Debt Total long-term debt including finance lease liabilities at December 31, 2024, was $20,135. The company’s long-term debt outstanding at year-end 2024 and 2023 was as follows:
|  |  |  |  | At December 31
|  |  |  |  | 2024 |  |  | 2023
| Weighted Average Interest Rate (%)1 |  | Range of Interest Rates (%)2 |  | Principal |  |  | Principal
Notes due 2025 | 1.724 |  | 0.687 - 3.326 |  | 4,000 |  |  |  | 4,000 |
Notes due 2026 |  |  | 2.954 |  | 2,250 |  |  |  | 2,250 |
Notes due 2027 | 2.379 |  | 1.018 - 8.000 |  | 2,000 |  |  |  | 2,000 |
Notes due 2028 |  |  | 3.850 |  | 600 |  |  |  | 600 |
Notes due 2029 |  |  | 3.250 |  | 500 |  |  |  | 500 |
Notes due 2030 |  |  | 2.236 |  | 1,500 |  |  |  | 1,500 |
Debentures due 2031 |  |  | 8.625 |  | 102 |  |  |  | 102 |
Debentures due 2032 | 8.416 |  | 8.000 - 8.625 |  | 183 |  |  |  | 183 |
Notes due 2040 |  |  | 2.978 |  | 293 |  |  |  | 293 |
Notes due 2041 |  |  | 6.000 |  | 397 |  |  |  | 397 |
Notes due 2043 |  |  | 5.250 |  | 330 |  |  |  | 330 |
Notes due 2044 |  |  | 5.050 |  | 222 |  |  |  | 222 |
Notes due 2047 |  |  | 4.950 |  | 187 |  |  |  | 187 |
Notes due 2049 |  |  | 4.200 |  | 237 |  |  |  | 237 |
Notes due 2050 | 2.763 |  | 2.343 - 3.078 |  | 1,750 |  |  |  | 1,750 |
Debentures due 2097 |  |  | 7.250 |  | 60 |  |  |  | 60 |
Bank loans due 2025 to 2027 | 3.321 |  | 3.306 - 3.367 |  | 205 |  |  |  | — |
Medium-term notes, maturing from 2033 to 2038 | 6.101 |  | 4.324 - 7.840 |  | 20 |  |  |  | 20 |
Notes due 2024 |  |  |  |  | — |  |  |  | 1,650 |
Total including debt due within one year |  |  |  |  | 14,836 |  |  |  | 16,281 |
Debt due within one year |  |  |  |  | (4,012) |  |  |  | (1,650) |
Fair market value adjustment for debt acquired in the Noble acquisition |  | 529 |  |  |  | 578 |
Reclassified from short-term debt |  |  |  |  | 8,250 |  |  |  | 4,543 |
Unamortized discounts and debt issuance costs |  |  |  |  | (14) |  |  |  | (19) |
Finance lease liabilities 3 |  |  |  |  | 546 |  |  |  | 574 |
Total long-term debt |  |  |  |  | $ | 20,135 |  |  |  | $ | 20,307 |
1 Weighted-average interest rate at December 31, 2024. |  |  |  |  |  |  |  |
2 Range of interest rates at December 31, 2024. |  |  |  |  |  |  |  |
3 For details on finance lease liabilities, see Note 5 Lease Commitments. |  |  |  |  |  |  |
Chevron has an automatic shelf registration statement that expires in November 2027. This registration statement is for an unspecified amount of nonconvertible debt securities issued or guaranteed by Chevron Corporation or CUSA. Long-term debt excluding finance lease liabilities with a principal balance of $14,836 matures as follows: 2025 – $4,012; 2026 – $2,290; 2027 – $2,153; 2028 – $600; 2029 – $500; and after 2029 – $5,281. See Note 9 Fair Value Measurements for information concerning the fair value of the company’s long-term debt.

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