2024 annual report

powering the future

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We believe in the power of human ingenuity to solve any challenge and overcome any obstacle.

Our work developing affordable, reliable and ever-cleaner energy has made human progress a reality for people around the world. As customers, industries and nations strive to achieve economic prosperity, energy security and environmental protection, our capabilities, assets and relationships have a vital role to play. This is a noble call to leadership we proudly embrace.

to our stockholders

“Our strategy remains consistent: leverage our strengths to safely deliver lower carbon energy to a growing world. This begins with a portfolio of world‑class assets, which positions us for profitable growth, unlocked through the capabilities of our people, technologies and strong customer relationships.” 

chevron at a glance

barrels net oil-equivalent daily production*

3.3MM

total assets*

$256.9B

barrels net oil-equivalent proved reserves*

9.8B

sales and other operating revenues*

$193.4B

we aim to grow our oil and gas business, lower the carbon intensity of our operations and grow new businesses in renewable fuels, carbon capture and offsets, hydrogen, power generation for data centers and emerging technologies.

scaling solutions

power the core

As we continue to reduce the carbon intensity of our products, we’re applying advanced technologies to help the energy system stay resilient as it seeks to deliver lower carbon energy.

build for tomorrow

Chevron’s leading experts, solutions developers, energy innovators and problem solvers are searching for the next technology breakthroughs.

watch for the future

Multiple solutions are needed to meet growing energy demands in lower carbon ways. We seek out emerging technologies at the cutting edge of innovation.

looking to the future

At Chevron we’re proud of the role we play as a global leader in energy.

Our capabilities, assets and relationships are helping customers, industries and nations achieve their goals for economic prosperity, energy security and environmental protection.

As energy needs grow and geopolitical volatility continues, oil and natural gas will remain vital to people and markets around the world.

We look ahead with optimism.

*chevron at a glance data, as of year end 12/31/24