Benefit Plan Trust

[Table of Contents](#ie64973d8440d48dda3b140796cb1bc77_7)  
CHEVRON CORPORATION AND SUBSIDIARIESCONSOLIDATED STATEMENT OF EQUITY(Unaudited)

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| (Millions of dollars) |  |  | Accumulated | Treasury | Chevron Corp. | Non- |  |
|  | Common | Retained | Other Comp. | Stock | Stockholders’ | Controlling | Total |
| Three Months Ended September 30 | Stock(1) | Earnings | Income (Loss) | (at cost) | Equity | Interests | Equity |
| Balance at June 30, 2021 | $ | 18,636  |  | $ | 159,640  |  | $ | (4,295) |  | $ | (40,799) |  | $ | 133,182  |  | $ | 729  |  | $ | 133,911  |  |
| Treasury stock transactions | 18  |  | —  |  | —  |  | —  |  | 18  |  | —  |  | 18  |  |
| NBLX Acquisition | —  |  | —  |  | —  |  | —  |  | —  |  | —  |  | —  |  |
| Net income (loss) | —  |  | 6,111  |  | —  |  | —  |  | 6,111  |  | 4  |  | 6,115  |  |
| Cash dividends ($1.34 per share) | —  |  | (2,571) |  | —  |  | —  |  | (2,571) |  | (25) |  | (2,596) |  |
| Stock dividends | —  |  | (1) |  | —  |  | —  |  | (1) |  | —  |  | (1) |  |
| Other comprehensive income | —  |  | —  |  | (123) |  | —  |  | (123) |  | —  |  | (123) |  |
| Purchases of treasury shares | —  |  | —  |  | —  |  | (625) |  | (625) |  | —  |  | (625) |  |
| Issuances of treasury shares | —  |  | —  |  | —  |  | 6  |  | 6  |  | —  |  | 6  |  |
| Other changes, net | —  |  | (135) |  | —  |  | —  |  | (135) |  | 152  |  | 17  |  |
| Balance at September 30, 2021 | $ | 18,654  |  | $ | 163,044  |  | $ | (4,418) |  | $ | (41,418) |  | $ | 135,862  |  | $ | 860  |  | $ | 136,722  |  |
|  |  |  |  |  |  |  |  |
| Balance at June 30, 2022 | $ | 20,151  |  | $ | 177,909  |  | $ | (3,491) |  | $ | (41,015) |  | $ | 153,554  |  | $ | 1,008  |  | $ | 154,562  |  |
| Treasury stock transactions | 19  |  | —  |  | —  |  | —  |  | 19  |  | —  |  | 19  |  |
|  |  |  |  |  |  |  |  |
| Net income (loss) | —  |  | 11,231  |  | —  |  | —  |  | 11,231  |  | 7  |  | 11,238  |  |
| Cash dividends ($1.42 per share) | —  |  | (2,743) |  | —  |  | —  |  | (2,743) |  | (71) |  | (2,814) |  |
| Stock dividends | —  |  | (2) |  | —  |  | —  |  | (2) |  | —  |  | (2) |  |
| Other comprehensive income | —  |  | —  |  | 318  |  | —  |  | 318  |  | —  |  | 318  |  |
| Purchases of treasury shares | —  |  | —  |  | —  |  | (3,750) |  | (3,750) |  | —  |  | (3,750) |  |
| Issuances of treasury shares | 9  |  | —  |  | —  |  | 45  |  | 54  |  | —  |  | 54  |  |
| Other changes, net  | —  |  | (1) |  | —  |  | —  |  | (1) |  | 3  |  | 2  |  |
| Balance at September 30, 2022 | $ | 20,179  |  | $ | 186,394  |  | $ | (3,173) |  | $ | (44,720) |  | $ | 158,680  |  | $ | 947  |  | $ | 159,627  |  |
|  |  |  |  |  |  |  |  |
| Nine Months Ended September 30 |  |  |  |  |  |  |  |
| Balance at December 31, 2020 | $ | 18,421  |  | $ | 160,377  |  | $ | (5,612) |  | $ | (41,498) |  | $ | 131,688  |  | $ | 1,038  |  | $ | 132,726  |  |
| Treasury stock transactions | 95  |  | —  |  | —  |  | —  |  | 95  |  | —  |  | 95  |  |
| NBLX acquisition | 138  |  | (148) |  | —  |  | 377  |  | 367  |  | (321) |  | 46  |  |
| Net income (loss) | —  |  | 10,570  |  | —  |  | —  |  | 10,570  |  | 37  |  | 10,607  |  |
| Cash dividends ($3.97 per share) | —  |  | (7,612) |  | —  |  | —  |  | (7,612) |  | (51) |  | (7,663) |  |
| Stock dividends | —  |  | (2) |  | —  |  | —  |  | (2) |  | —  |  | (2) |  |
| Other comprehensive income | —  |  | —  |  | 1,194  |  | —  |  | 1,194  |  | —  |  | 1,194  |  |
| Purchases of treasury shares | —  |  | —  |  | —  |  | (633) |  | (633) |  | —  |  | (633) |  |
| Issuances of treasury shares | —  |  | —  |  | —  |  | 336  |  | 336  |  | —  |  | 336  |  |
| Other changes, net | —  |  | (141) |  | —  |  | —  |  | (141) |  | 157  |  | 16  |  |
| Balance at September 30, 2021 | $ | 18,654  |  | $ | 163,044  |  | $ | (4,418) |  | $ | (41,418) |  | $ | 135,862  |  | $ | 860  |  | $ | 136,722  |  |
|  |  |  |  |  |  |  |  |
| Balance at December 31, 2021 | $ | 18,874  |  | $ | 165,546  |  | $ | (3,889) |  | $ | (41,464) |  | $ | 139,067  |  | $ | 873  |  | $ | 139,940  |  |
| Treasury stock transactions | 49  |  | —  |  | —  |  | —  |  | 49  |  | —  |  | 49  |  |
|  |  |  |  |  |  |  |  |
| Net income (loss) | —  |  | 29,112  |  | —  |  | —  |  | 29,112  |  | 118  |  | 29,230  |  |
| Cash dividends ($4.26 per share) | —  |  | (8,255) |  | —  |  | —  |  | (8,255) |  | (107) |  | (8,362) |  |
| Stock dividends | —  |  | (3) |  | —  |  | —  |  | (3) |  | —  |  | (3) |  |
| Other comprehensive income | —  |  | —  |  | 716  |  | —  |  | 716  |  | —  |  | 716  |  |
| Purchases of treasury shares | —  |  | —  |  | —  |  | (7,505) |  | (7,505) |  | —  |  | (7,505) |  |
| Issuances of treasury shares | 1,256  |  | —  |  | —  |  | 4,249  |  | 5,505  |  | —  |  | 5,505  |  |
| Other changes, net | —  |  | (6) |  | —  |  | —  |  | (6) |  | 63  |  | 57  |  |
| Balance at September 30, 2022 | $ | 20,179  |  | $ | 186,394  |  | $ | (3,173) |  | $ | (44,720) |  | $ | 158,680  |  | $ | 947  |  | $ | 159,627  |  |
|  |  |  |  |  |  |  |  |
| (Number of Shares) | Common Stock - 2022 |  | Common Stock - 2021 |
| Three Months Ended September 30 | Issued(2) | Treasury | Outstanding |  | Issued(2) | Treasury | Outstanding |
| Balance at June 30 | 2,442,676,580  |  | (485,241,766) |  | 1,957,434,814  |  |  | 2,442,676,580  |  | (508,764,636) |  | 1,933,911,944  |  |
| Purchases | —  |  | (24,324,584) |  | (24,324,584) |  |  | —  |  | (6,321,791) |  | (6,321,791) |  |
| Issuances | —  |  | 528,316  |  | 528,316  |  |  | —  |  | 95,766  |  | 95,766  |  |
| Balance at September 30 | 2,442,676,580  |  | (509,038,034) |  | 1,933,638,546  |  |  | 2,442,676,580  |  | (514,990,661) |  | 1,927,685,919  |  |
|  |  |  |  |  |  |  |  |
| Nine Months Ended September 30 |  |  |  |  |  |  |  |
| Balance at December 31 | 2,442,676,580  |  | (512,870,523) |  | 1,929,806,057  |  |  | 2,442,676,580  |  | (517,490,263) |  | 1,925,186,317  |  |
| Purchases | —  |  | (48,390,222) |  | (48,390,222) |  |  | —  |  | (6,395,387) |  | (6,395,387) |  |
| Issuances | —  |  | 52,222,711  |  | 52,222,711  |  |  | —  |  | 8,894,989  |  | 8,894,989  |  |
| Balance at September 30 | 2,442,676,580  |  | (509,038,034) |  | 1,933,638,546  |  |  | 2,442,676,580  |  | (514,990,661) |  | 1,927,685,919  |  |

(1)Beginning and ending balances for all periods include capital in excess of par, common stock issued at par for $1,832, and $(240) associated with Chevron’s Benefit Plan Trust. Changes reflect capital in excess of par.(2)Beginning and ending total issued share balances include 14,168,000 shares associated with Chevron’s Benefit Plan Trust for all periods.  
  
  
  
  
See accompanying notes to consolidated financial statements.7
