Chevron Net Capitalized Costs for Oil & Gas Producing Activities by Year

Chevron Net Capitalized Costs for Oil & Gas Producing Activities: $180,042M in 2025, up 64.7% from a year earlier. That is the highest of the 11 years on record here.

“Net Capitalized Costs | $ | 72,354 | $ | 60,233 | $ | 6,708 | $ | 12,859 | $ | 26,492 | $ | 1,396 | $ | 180,042 | $ | 24,773 | $ | 431”

Source: Chevron Corporation Form 10-K, filed 2026-02-24 ↗

Reported in Chevron Form 10-K Supplemental ASC 932 Table II.

• United States — Net Capitalized Costs ($M)72,354.00 · 2025
• TCO (50% Share) — Net Capitalized Costs ($M)24,773.00 · 2025
• Gross Capitalized Costs — Total Consolidated ($M)354,980.00 · 2025
• Proved Properties & Related Producing Assets — Consolidated ($M)274,538.00 · 2025
• Unproved Properties — Consolidated ($M)34,303.00 · 2025
• Support Equipment and Facilities — Consolidated ($M)27,103.00 · 2025
• Deferred Exploratory Wells — Consolidated ($M)1,759.00 · 2025
• Other Uncompleted Projects — Consolidated ($M)17,277.00 · 2025
• Accumulated Provisions (Depreciation & Depletion) — Consolidated ($M)174,938.00 · 2025

See every metric in the Chevron KPI table. Data updated Oct 25, 2026.