Chevron debt and dilution65

Borrowings, liquidity, share count and stock-based dilution.

Total debt

USD millions

$37,075M

Cash & equivalents

USD millions

$8,527M

Net debt

USD millions

$28,548M

Debt / equity

0.19×

Debt / assets

11.23%

Net debt / EBITDA

× · TTM

—

Operating income is unavailable in the extracted statements for this period.

Debt / FCF

× · TTM

1.37×

Interest coverage

× · TTM

—

Operating income is unavailable in the extracted statements for this period.

Current ratio

1.25×

Diluted shares

Million shares

1,975.09M shares

Basic shares

Million shares

1,969.87M shares

Share count growth

14.58%

Share repurchases

USD millions

$3,003M

Quarterly data

Chevron capital history. Each metric has its own unit. A dash means inputs are missing or the calculation is undefined.
Fiscal period	Ended	Total debtUSD millions	Cash & equivalentsUSD millions	Net debtUSD millions	Debt / equity×	Debt / assets%	Net debt / EBITDA×	Debt / FCF×	Interest coverage×	Current ratio×	Diluted sharesMillion shares	Basic sharesMillion shares	Share count growth%	Share repurchasesUSD millions
FY 2026 Q2	Jun 30, 2026	37,075	8,527	28,548	0.19×	11.23%	—	1.37×	—	1.25×	1,975.09	1,969.87	14.58%	3,003
FY 2026 Q1	Mar 31, 2026	45,428	—	—	0.24×	13.78%	—	3.3×	—	1.09×	1,985.9	1,980.15	13.5%	2,572
FY 2025 Q4	Dec 31, 2025	50,699	6,293	44,406	0.26×	15.65%	—	3.06×	—	1.15×	1,998.42	1,989.59	12.28%	2,998
FY 2025 Q3	Sep 30, 2025	41,544	—	—	0.21×	12.72%	—	2.69×	—	1.15×	1,946.04	1,938.92	7.7%	2,566
FY 2025 Q2	Jun 30, 2025	29,467	—	—	0.2×	11.75%	—	1.83×	—	1×	1,724.4	1,719.18	-5.84%	2,598
FY 2025 Q1	Mar 31, 2025	29,681	—	—	0.2×	11.58%	—	2.19×	—	1.08×	1,751.44	1,744.63	-5.31%	3,917
FY 2024 Q4	Dec 31, 2024	32,791	6,781	26,010	0.21×	12.76%	—	2.18×	—	1.06×	1,778.95	1,771.97	-4.86%	4,500
FY 2024 Q3	Sep 30, 2024	25,841	—	—	0.16×	9.97%	—	1.38×	—	1.07×	1,807.03	1,800.34	-3.77%	4,750
FY 2024 Q2	Jun 30, 2024	23,184	4,008	19,176	0.14×	8.89%	—	1.28×	—	1.16×	1,833.43	1,825.84	-2.21%	3,001
FY 2024 Q1	Mar 31, 2024	21,835	6,278	15,557	0.14×	8.35%	—	1.19×	—	1.23×	1,849.12	1,842.38	-2.61%	2,978
FY 2023 Q4	Dec 31, 2023	25,379	8,178	17,201	0.16×	9.7%	—	1.28×	—	1.27×	1,866.92	1,862.52	-2.42%	3,421
FY 2023 Q3	Sep 30, 2023	20,559	5,797	14,762	0.12×	7.79%	—	1.01×	—	1.25×	1,877.1	1,870.96	-3.17%	3,390
FY 2023 Q2	Jun 30, 2023	21,514	9,292	12,222	0.14×	8.54%	—	0.78×	—	1.43×	1,875.51	1,867.17	-4.14%	4,375
FY 2023 Q1	Mar 31, 2023	23,206	15,668	7,538	0.14×	9.07%	—	0.65×	—	1.43×	1,900.79	1,891.7	-2.27%	3,753
FY 2022 Q4	Dec 31, 2022	27,389	17,678	9,711	0.17×	10.63%	—	0.73×	—	1.47×	1,918.63	1,908.67	-0.36%	3,750
FY 2022 Q3	Sep 30, 2022	23,641	15,164	8,477	0.15×	9.1%	—	0.66×	—	1.4×	1,940	1,932.24	0.74%	3,750
FY 2022 Q2	Jun 30, 2022	26,235	12,029	14,206	0.17×	10.17%	—	0.87×	—	1.31×	1,957.11	1,947.7	1.57%	2,500
FY 2022 Q1	Mar 31, 2022	29,333	11,671	17,662	0.2×	11.78%	—	1.18×	—	1.43×	1,944.54	1,935.67	1.19%	1,255
FY 2021 Q4	Dec 31, 2021	39,128	5,640	33,488	0.28×	16.33%	—	1.85×	—	1.26×	1,920.99	1,915.48	0.25%	750
FY 2021 Q3	Sep 30, 2021	37,347	5,998	31,349	0.27×	15.56%	—	2.58×	—	1.28×	1,921.1	1,918.01	3.48%	625
FY 2021 Q2	Jun 30, 2021	43,018	7,527	35,491	0.32×	17.72%	—	4.44×	—	1.17×	1,921.96	1,917.54	3.47%	2
FY 2021 Q1	Mar 31, 2021	45,440	—	—	0.34×	18.8%	—	18.06×	—	1.11×	1,915.89	1,912.93	2.72%	6
FY 2020 Q4	Dec 31, 2020	54,140	5,596	48,544	0.41×	22.58%	—	32.71×	—	1.18×	1,910.61	1,910.61	2.15%	6
FY 2020 Q3	Sep 30, 2020	34,810	—	—	0.26×	15.61%	—	11.88×	—	1.26×	1,853.53	1,853.53	-1.44%	0
FY 2020 Q2	Jun 30, 2020	34,053	—	—	0.25×	15.24%	—	6.22×	—	1.14×	1,853.31	1,853.31	-1.9%	0
FY 2020 Q1	Mar 31, 2020	32,351	—	—	0.22×	13.67%	—	2.55×	—	1.01×	1,865.65	1,862.27	-1.36%	1,751
FY 2019 Q4	Dec 31, 2019	36,723	—	—	0.25×	15.47%	—	2.78×	—	1.07×	1,882.56	1,870.34	-1.3%	1,250
FY 2019 Q3	Sep 30, 2019	32,851	11,697	21,154	0.21×	12.81%	—	1.94×	—	1.12×	1,893.93	1,880.61	-1.06%	1,250
FY 2019 Q2	Jun 30, 2019	30,649	8,513	22,136	0.19×	11.98%	—	1.66×	—	1.15×	1,902.98	1,889.27	-0.58%	1,001
FY 2019 Q1	Mar 31, 2019	33,087	8,699	24,388	0.21×	12.88%	—	1.96×	—	1.12×	1,900.75	1,888	-0.42%	538
FY 2018 Q4	Dec 31, 2018	44,359	9,342	35,017	0.29×	17.47%	—	2.64×	—	1.25×	1,906.4	1,894.9	0.32%	1,000
FY 2018 Q3	Sep 30, 2018	—	9,686	—	—	—	—	—	—	1.22×	1,917.47	1,900.72	0.96%	750
FY 2018 Q2	Jun 30, 2018	—	7,628	—	—	—	—	—	—	1.08×	1,918.95	1,900.38	1.03%	0
FY 2018 Q1	Mar 31, 2018	—	6,466	—	—	—	—	—	—	1.04×	1,913.22	1,895.99	0.88%	1
FY 2017 Q4	Dec 31, 2017	48,669	4,813	43,856	0.33×	19.18%	—	6.84×	—	1.03×	1,907.6	1,888.86	0.66%	0
FY 2017 Q3	Sep 30, 2017	—	6,641	—	—	—	—	—	—	1.04×	1,895.88	1,882.65	0.48%	0
FY 2017 Q2	Jun 30, 2017	—	4,762	—	—	—	—	—	—	0.95×	1,893.01	1,881.02	0.48%	0
FY 2017 Q1	Mar 31, 2017	—	6,983	—	—	—	—	—	—	1.04×	1,895.39	1,879.37	0.51%	1
FY 2016 Q4	Dec 31, 2016	55,033	6,988	48,045	0.38×	21.16%	—	—	—	0.93×	1,876.54	1,876.54	0.39%	0
FY 2016 Q3	Sep 30, 2016	—	7,351	—	—	—	—	—	—	1.17×	1,883.34	1,873.65	0.28%	1
FY 2016 Q2	Jun 30, 2016	—	8,764	—	—	—	—	—	—	1.3×	1,872	1,872	0.24%	0
FY 2016 Q1	Mar 31, 2016	—	8,562	—	—	—	—	—	—	1.09×	1,869.78	1,869.78	0.17%	1
FY 2015 Q4	Dec 31, 2015	46,512	11,022	35,490	0.3×	17.48%	—	—	—	1.34×	1,874.43	1,869.31	-0.19%	1
FY 2015 Q3	Sep 30, 2015	28,280	12,933	15,347	0.18×	10.53%	—	—	—	1.32×	1,872.42	1,868.44	-0.66%	0
FY 2015 Q2	Jun 30, 2015	24,221	12,156	12,065	0.16×	9.09%	—	—	—	1.44×	1,876.71	1,867.56	-1.06%	0
FY 2015 Q1	Mar 31, 2015	26,608	12,675	13,933	0.17×	9.87%	—	—	—	1.4×	1,876.5	1,866.66	-1.5%	1
FY 2014 Q4	Dec 31, 2014	35,750	12,785	22,965	0.23×	13.44%	—	—	—	1.32×	1,884.06	1,872.79	-1.63%	1,206
FY 2014 Q3	Sep 30, 2014	18,065	14,215	3,850	0.11×	6.81%	—	—	—	1.27×	1,896.49	1,880.92	-1.73%	1,300
FY 2014 Q2	Jun 30, 2014	15,898	13,959	1,939	0.1×	6.07%	—	—	—	1.35×	1,902.32	1,887.54	-1.76%	1,200
FY 2014 Q1	Mar 31, 2014	—	15,612	—	—	—	—	—	—	1.4×	1,909.42	1,895.03	-1.76%	1,300
FY 2013 Q4	Dec 31, 2013	28,334	16,245	12,089	0.19×	11.17%	—	—	—	1.52×	1,917.77	1,903.86	-1.68%	1,204
FY 2013 Q3	Sep 30, 2013	—	17,014	—	—	—	—	—	—	1.6×	1,929.83	1,914.05	-1.63%	1,300
FY 2013 Q2	Jun 30, 2013	—	20,630	—	—	—	—	—	—	1.68×	1,936.78	1,921.39	-1.68%	1,200
FY 2013 Q1	Mar 31, 2013	—	17,374	—	—	—	—	—	—	1.58×	1,943.93	1,929.01	-1.77%	1,300
FY 2012 Q4	Dec 31, 2012	17,993	20,939	-2,946	0.13×	7.72%	—	2.29×	—	1.63×	1,953.27	1,936.35	-1.75%	1,204
FY 2012 Q3	Sep 30, 2012	—	21,313	—	—	—	—	—	—	1.64×	1,960.14	1,945.84	-1.96%	1,300
FY 2012 Q2	Jun 30, 2012	—	21,209	—	—	—	—	—	—	1.72×	1,967.99	1,954.15	-2%	1,200
FY 2012 Q1	Mar 31, 2012	—	18,871	—	—	—	—	—	—	1.61×	1,978.78	1,963.86	-1.55%	1,300
FY 2011 Q4	Dec 31, 2011	15,624	15,864	-240	0.13×	7.46%	—	1.07×	—	1.58×	1,988	1,970.89	-1.4%	1,252
FY 2011 Q3	Sep 30, 2011	—	14,229	—	—	—	—	—	—	1.64×	1,998.67	1,984.64	-0.65%	1,210
FY 2011 Q2	Jun 30, 2011	—	13,335	—	—	—	—	—	—	1.53×	2,009	1,994.01	-0.12%	1,044
FY 2011 Q1	Mar 31, 2011	—	13,149	—	—	—	—	—	—	1.53×	2,008.58	1,994.74	-0.01%	756
FY 2010 Q4	Dec 31, 2010	16,590	14,060	2,530	0.16×	8.98%	—	1.41×	—	1.68×	2,010.93	1,998.85	0.3%	761.5
FY 2010 Q3	Sep 30, 2010	—	10,995	—	—	—	—	—	—	1.66×	2,006.79	1,997.72	0.26%	0.5
FY 2010 Q2	Jun 30, 2010	—	9,396	—	—	—	—	—	—	1.63×	2,006	1,996.39	0.24%	3
FY 2010 Q1	Mar 31, 2010	—	7,376	—	—	—	—	—	—	1.48×	2,004.22	1,994.98	0.19%	10
FY 2009 Q4	Dec 31, 2009	14,403	8,716	5,687	0.16×	8.75%	—	—	—	1.42×	2,004.19	1,992.79	—	—
FY 2009 Q3	Sep 30, 2009	—	7,568	—	—	—	—	—	—	1.4×	2,000.59	1,992.45	—	—
FY 2009 Q2	Jun 30, 2009	—	7,236	—	—	—	—	—	—	1.37×	1,999.67	1,991.61	—	—
FY 2009 Q1	Mar 31, 2009	—	9,150	—	—	—	—	—	—	1.37×	1,999.51	1,991.13	—	—

Sources and calculations

Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.

Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.

The SBC option subtracts reported share-based compensation from FCF as an economic-cost scenario. Missing SBC never becomes zero.

Debt uses reported borrowings, with overlapping concepts treated as alternatives. Cash excludes restricted cash and short-term investments. Dilution compares split-normalized weighted average basic shares year over year. Share buyback spending does not by itself measure shares retired.

Market prices: Yahoo Finance · CVX, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.

Total debt: Reported borrowing balances. Uses an aggregate including current maturities, or current plus noncurrent debt. Adds separately disclosed short-term borrowings, with commercial paper as a fallback, unless the selected current/aggregate concept already includes them. Finance leases are included when part of the reported debt concept; undisclosed components are not estimated.
Cash & equivalents: Unrestricted reported cash and cash equivalents. Excludes short-term investments and restricted cash.
Net debt: Total debt − cash and equivalents. Negative means net cash.
Debt / equity: Total debt / equity including noncontrolling interests. Nonpositive equity yields unavailable.
Debt / assets: Total debt / total assets × 100.
Net debt / EBITDA: Period-end net debt / (TTM operating income + TTM depreciation and amortization). Negative net debt is retained.
Debt / FCF: Period-end reported debt / positive TTM free cash flow. Reflects the selected reported capex scope and SBC option.
Interest coverage: TTM operating income / positive TTM interest expense. IFRS finance costs can include more than interest.
Current ratio: Current assets / positive current liabilities.
Diluted shares: Reported weighted average diluted shares, normalized for subsequent recorded stock splits. Fourth-quarter counts use a day-weighted annual/nine-month reconstruction where possible.
Basic shares: Reported weighted average basic shares, normalized for subsequent recorded stock splits.
Share count growth: Year-over-year change in split-normalized weighted average basic shares × 100. A dilution proxy; negative means a lower share count.
Share repurchases: Reported cash payments for repurchase of common shares. This is spending, not a buyback yield.