CVX · 10-Q · 2026Q2 · Full report
Liquidity and Debt Position
CHEVRON CORP · 2026-08-06 · Importance 57 · Surprise 38 · Matches filing data
Cash, cash equivalents and marketable securities totaled $8.5 billion at June 30, 2026, up from $6.3 billion at December 31, 2025. Total debt and finance-lease liabilities declined to $37.1 billion from $40.8 billion, primarily because of maturing long-term notes, a finance-lease repayment and lower commercial-paper balances. Commercial-paper borrowings declined to $4.1 billion from $4.6 billion, while obligations due within one year totaled $11.3 billion. Chevron had $11.4 billion of committed 364-day credit facilities with no borrowings outstanding, and Chevron-guaranteed securities retained AA- and Aa2 ratings from S&P and Moody’s.
Key facts
- Net Debt Ratio for June 30, 2026 is calculated using short-term debt of $0.4 billion plus long-term debt of $36.7 billion and cash and cash equivalents, time deposits, and marketable securities of $8.5 billion and Chevron Corporation Stockholders’ Equity of $189.9 billion. source
- Net debt-to-CFFO for June 30, 2026 is calculated using total debt of $0.4 billion short-term plus $36.7 billion long-term less cash and cash equivalents, time deposits, and marketable securities of $8.5 billion as a percentage of net cash provided by operating activities for the trailing 12 months of $45.3 billion. source
- Chevron’s total debt and finance lease liabilities were $37.1 billion at June 30, 2026, down from $40.8 billion at December 31, 2025. source
- At June 30, 2026, the company had $11.4 billion in 364-day committed credit facilities with various major banks. source
- Cash, cash equivalents and marketable securities totaled $8.5 billion at June 30, 2026, and $6.3 billion at year-end 2025. source
- The company has an automatic shelf registration statement that expires in November 2027 for an unspecified amount of nonconvertible debt securities. source
- Of the amounts due within one year, $10.9 billion at June 30, 2026 and $9.9 billion at December 31, 2025 were reclassified to long-term debt. source
- At June 30, 2026 current liabilities - related party: $20,748 million. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| liability | positive | realized | +1.1% | Chevron’s total debt and finance lease liabilities were $37.1 billion at June 30, 2026, down from $40.8 billion at December 31, 2025. |
| cash | positive | realized | +0.7% | Cash, cash equivalents and marketable securities totaled $8.5 billion at June 30, 2026, and $6.3 billion at year-end 2025. |