CVX · 10-Q · 2026Q3 · Full report

Supply Chain And Inventory

CHEVRON CORP · 2026-11-05 · Importance 17 · Surprise 24

Chevron reports elevated U.S. cost pressures for services and select equipment, driven by cross-industry demand and supplier capital discipline. It manages cost and supply assurance through supplier demand planning, volume commitments, standardization and scope optimization, alongside fixed, indexed and performance-based contract terms. Costs may lag market trends because of the pricing mechanisms in its contracts.

Key facts

• Chevron’s third-party capital and operating costs may be affected by geopolitical events, severe weather, civil unrest, construction delays, supply-chain distribution issues, inflation, tariffs and market prices charged by suppliers; contract pricing mechanisms can delay the effect of market trends on costs. source
• Sanctions and trade restrictions imposed or potentially imposed by governments including Russia could disrupt Chevron’s ability to produce, transport or export crude in the region around Russia. source
• Chevron supports cost and supply assurance through supplier demand planning, volume commitments, standardization and scope optimization. source
• Chevron’s contracting and commercial terms include fixed, indexed and performance-based contracts. source