| UNITED STATES | ||||||||||||||||||||
| SECURITIES AND EXCHANGE COMMISSION | ||||||||||||||||||||
| Washington, DC 20549 | ||||||||||||||||||||
| FORM SD | ||||||||||||||||||||
| Specialized Disclosure Report | ||||||||||||||||||||
| Chevron Corporation | ||||||||||||||||||||
| (Exact name of registrant as specified in its charter) | ||||||||||||||||||||
| Delaware | 001-00368 | 94-0890210 | ||||||||||||||||||
| (State or other jurisdiction of incorporation or organization) | (Commission File Number) | (I.R.S. Employer Identification No.) | ||||||||||||||||||
| 1400 Smith Street, Houston, TX | 77002 | |||||||||||||||||||
| (Address of principal executive offices) | (Zip Code) | |||||||||||||||||||
| Amit R. Ghai | ||||||||||||||||||||
| Controller | ||||||||||||||||||||
| (832) 854-1000 | ||||||||||||||||||||
| (Name and telephone number, including area code, of the person to | ||||||||||||||||||||
| contact in connection with this report.) | ||||||||||||||||||||
| Check the appropriate box to indicate the rule pursuant to which this Form is being submitted, and provide the period to which the information in this form applies: | ||||||||||||||||||||
| ☐ | Rule 13p-1 under the Securities Exchange Act (17 CFR 240.13p-1) for the reporting period from January 1 to December 31, ____________. | |||||||||||||||||||
| ☑ | Rule 13q-1 under the Securities Exchange Act (17 CFR 240.13q-1) for the fiscal year ended December 31, 2025. | |||||||||||||||||||
Section 2 – Resource Extraction Issuer Disclosure
Item 2.01 Resource Extraction Issuer Disclosure and Report
(a) Required Disclosure.
Section 13(q) of the Securities Exchange Act of 1934, as amended, and Rule 13q-1 and Form SD promulgated thereunder (collectively, the “Resource Extraction Payment Rules”) require resource extraction issuers to disclose payments made to the U.S. federal government or a foreign government (each, a “government” and collectively, “governments”) for the purpose of the commercial development of oil, natural gas, or minerals. In accordance with the Resource Extraction Payment Rules, this Form SD covers such payments made by Chevron Corporation and its consolidated subsidiaries1 (collectively, “Chevron”) for the fiscal year ended December 31, 2025. Terms and phrases used but not defined in this Form SD have the meanings provided under the Resource Extraction Payment Rules.
Disclosure of Payments by Resource Extraction Issuers.
The specified payment disclosure required is included in Exhibit 99.1 to this Form SD.
Payments are reported on a cash basis in U.S. dollars. Foreign currency payments are converted using the exchange rate that existed at the time the payment was made.
Taxes are reported net of all refunds received, if any, during the reporting year and include property taxes directly associated with producing or exploration properties and withholding taxes assessed on the income earned from extractive activities. Amounts reported also include payments made by a government on behalf of Chevron as part of a tax-paid production sharing contract (“PSC”).
Production entitlement refers to a government’s share of production as defined in a PSC, as well as a state-owned company’s share of production as a working interest holder within its home country net of the cash funding provided to cover capital and operating expenditures. A state-owned company that is involved in projects outside of its home country is not considered a government for purposes of the Resource Extraction Payment Rules. Production entitlements are reported based on their contractual value, where applicable, or if no contractual value, based on their fair value. In a tax-paid PSC in which a government settles Chevron’s tax obligation from its own share of production entitlements, such amount is netted from the reported production entitlement and reported as a tax payment.
For fully integrated projects that include both extractive and non-extractive activities, payments to governments are disclosed for the projects in their entirety in such cases where it is not possible to disaggregate between the extractive and non-extractive components of the payments.
Because the scope and basis for preparation of this Form SD is in accordance with the Resource Extraction Payment Rules, amounts reported in this Form SD may be different from disclosures in Chevron’s other publicly available financial reports, including those found within Chevron’s periodic reports filed with the U.S. Securities and Exchange Commission.
1 As used in this report, the term “Chevron” and such terms as “the company,” “the corporation,” “our,” “we,” “us” and "its" may refer to Chevron Corporation, one or more of its consolidated subsidiaries, or all of them taken as a whole, but unless stated otherwise they do not include “affiliates” of Chevron — i.e., those companies accounted for by the equity method (generally owned 50 percent or less) or non-equity method investments. All of these terms are used for convenience only and are not intended as a precise description of any of the separate companies, each of which manages its own affairs.
Section 3 – Exhibits
Item 3.01 Exhibits
The following exhibits are furnished as part of this report:
EXHIBIT INDEX
| Exhibit No. | Description | |||||||
| * Furnished herewith. | ||||||||
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the duly authorized undersigned.
| Chevron Corporation | |||||||||||||||||
| (Registrant) | |||||||||||||||||
| By: | /s/ Eimear P. Bonner | September 23, 2026 | |||||||||||||||
| Eimear P. Bonner | Date | ||||||||||||||||
| Chief Financial Officer | |||||||||||||||||
Exhibit 99.1
Resource Extraction Payment Report for the fiscal year ended December 31, 2025
Payments Overview1,2
(Amounts in thousands of U.S. dollars)
| Country | Bonuses | Community & social responsibility | Fees | Production entitlements | Royalties | Taxes | Total | ||||||||||||||||
| Angola | — | 2,732 | 377 | 654,654 | 234,704 | 34,574 | 927,042 | ||||||||||||||||
| Argentina | 170 | 3,062 | 526 | — | 167,577 | 114,490 | 285,825 | ||||||||||||||||
| Australia | — | 446 | 27,270 | — | — | 1,739,156 | 1,766,872 | ||||||||||||||||
| Bangladesh | — | 200 | 656 | 715,495 | — | 94,672 | 811,023 | ||||||||||||||||
| Brazil | 65,652 | — | — | — | — | — | 65,652 | ||||||||||||||||
| Canada | — | — | 3,744 | — | 358,705 | 1,751,908 | 2,114,358 | ||||||||||||||||
| China | — | — | 673 | — | — | 13,860 | 14,533 | ||||||||||||||||
| Cyprus | — | — | 190 | — | — | — | 190 | ||||||||||||||||
| Egypt | 933 | — | — | — | — | — | 933 | ||||||||||||||||
| Equatorial Guinea | — | 1,694 | 1,501 | 306,302 | 109,951 | 76,714 | 496,163 | ||||||||||||||||
| Indonesia | — | — | — | — | — | 7,073 | 7,073 | ||||||||||||||||
| Israel | — | — | — | — | 145,745 | 220,661 | 366,406 | ||||||||||||||||
| Kazakhstan | — | — | — | — | — | 128,437 | 128,437 | ||||||||||||||||
| Kuwait-Saudi Arabia Partitioned Zone | — | 5,000 | — | — | 389,996 | 611,480 | 1,006,477 | ||||||||||||||||
| Malaysia | — | — | — | 556,177 | 584 | 22,367 | 579,128 | ||||||||||||||||
| Nigeria | — | 108,135 | 36,634 | 1,389,295 | 173,039 | 476,942 | 2,184,045 | ||||||||||||||||
| Suriname | 4,643 | — | 1,570 | — | — | — | 6,212 | ||||||||||||||||
| Thailand | 498 | — | — | — | 106,816 | 21,727 | 129,040 | ||||||||||||||||
| United Kingdom | — | — | — | — | — | 94,166 | 94,166 | ||||||||||||||||
| United States | 10,619 | — | 22,112 | — | 1,081,698 | 143,139 | 1,257,569 | ||||||||||||||||
| Total | 82,514 | 121,270 | 95,252 | 3,621,924 | 2,768,816 | 5,551,367 | 12,241,143 | ||||||||||||||||
1 Chevron did not make any dividend or infrastructure payments reportable under Section 1504 regulations. Therefore, those categories have been excluded from all tables in this exhibit.
2 Amounts in this exhibit are shown in thousands of U.S. dollars. Totals are not corrected for rounding.
Chevron Corporation 2025 Resource Extraction Payment Report
1
Angola
(Amounts in thousands of U.S. dollars)
| Government Payee | Payment Currency | Bonuses | Community & social responsibility | Fees | Production entitlements | Royalties | Taxes | Total | ||||||||||||||||||
| Banco Nacional de Angola | USD | — | — | — | — | 234,704 | 30,309 | 265,013 | ||||||||||||||||||
| Caixa do Tesouro Nacional | USD | — | — | 377 | — | — | — | 377 | ||||||||||||||||||
| Agencia Nacional de Petroleo Gas e Bioco | In-kind | — | — | — | 230,221 | — | — | 230,221 | ||||||||||||||||||
| USD | — | 2,732 | — | — | — | — | 2,732 | |||||||||||||||||||
| Ministry of Finance | USD | — | — | — | — | — | 433 | 433 | ||||||||||||||||||
| Ministry of Mineral Resources Oil and Gas | USD | — | — | — | — | — | 3,832 | 3,832 | ||||||||||||||||||
| Sonangol Pesquisa & Produção | In-kind | — | — | — | 424,433 | — | — | 424,433 | ||||||||||||||||||
| Total | — | 2,732 | 377 | 654,654 | 234,704 | 34,574 | 927,042 | |||||||||||||||||||
(Amounts in thousands of U.S. dollars)
| Project | Payment Currency | Bonuses | Community & social responsibility | Fees | Production entitlements | Royalties | Taxes | Total | ||||||||||||||||||
| Offshore-South Atlantic Ocean/Cabinda/Oil/Natural Gas/Well | In-kind | — | — | — | 654,654 | — | — | 654,654 | ||||||||||||||||||
| USD | — | 2,732 | 377 | — | 234,704 | 34,574 | 272,388 | |||||||||||||||||||
| Total | — | 2,732 | 377 | 654,654 | 234,704 | 34,574 | 927,042 | |||||||||||||||||||
Chevron Corporation 2025 Resource Extraction Payment Report
2
Argentina
(Amounts in thousands of U.S. dollars)
| Government Payee | Payment Currency | Bonuses | Community & social responsibility | Fees | Production entitlements | Royalties | Taxes | Total | ||||||||||||||||||
| Administracion Federal de Ingresos Publicos (AFIP) | ARS | — | — | — | — | — | 106,557 | 106,557 | ||||||||||||||||||
| Direccion General Rentas Capital | ARS | — | — | — | — | — | 1,495 | 1,495 | ||||||||||||||||||
| Government of Neuquen | ARS | 170 | 3,062 | — | — | — | — | 3,232 | ||||||||||||||||||
| Rentas Generales Neuquen | ARS | — | — | 161 | — | 125,860 | 6,438 | 132,459 | ||||||||||||||||||
| Tesoreria General de la Pcia.del Neuquen | ARS | — | — | 365 | — | 41,717 | — | 42,081 | ||||||||||||||||||
| Total | 170 | 3,062 | 526 | — | 167,577 | 114,490 | 285,825 | |||||||||||||||||||
(Amounts in thousands of U.S. dollars)
| Project | Payment Currency | Bonuses | Community & social responsibility | Fees | Production entitlements | Royalties | Taxes | Total | ||||||||||||||||||
| Buenos Aires/Oil/Natural Gas/Well | ARS | — | — | — | — | — | 78,680 | 78,680 | ||||||||||||||||||
| Neuquén/Oil/Natural Gas/Well | ARS | — | — | 526 | — | 167,577 | 6,438 | 174,540 | ||||||||||||||||||
| Entity-level payments | ARS | 170 | 3,062 | — | — | — | 29,372 | 32,604 | ||||||||||||||||||
| Total | 170 | 3,062 | 526 | — | 167,577 | 114,490 | 285,825 | |||||||||||||||||||
Chevron Corporation 2025 Resource Extraction Payment Report
3
Australia
(Amounts in thousands of U.S. dollars)
| Government Payee | Payment Currency | Bonuses | Community & social responsibility | Fees | Production entitlements | Royalties | Taxes | Total | ||||||||||||||||||
| Australian Earth Science Education | AUD | — | 446 | — | — | — | — | 446 | ||||||||||||||||||
| Australian Taxation Office | AUD | — | — | — | — | — | 1,651,781 | 1,651,781 | ||||||||||||||||||
| Construction Training Fund | AUD | — | — | 774 | — | — | — | 774 | ||||||||||||||||||
| Department of Energy and Economic Diversification | AUD | — | — | 414 | — | — | — | 414 | ||||||||||||||||||
| Department of Energy, Mines, Industry Regulation and Safety | AUD | — | — | 649 | — | — | — | 649 | ||||||||||||||||||
| Department of Industry, Science and Resources | AUD | — | — | — | — | — | 75,847 | 75,847 | ||||||||||||||||||
| Department of Planning, Lands and Heritage | AUD | — | — | 5,730 | — | — | — | 5,730 | ||||||||||||||||||
| Department of Transport | AUD | — | — | 508 | — | — | — | 508 | ||||||||||||||||||
| Department of Treasury and Finance | AUD | — | — | 475 | — | — | — | 475 | ||||||||||||||||||
| Department of Water and Environmental Regulation | AUD | — | — | 1,038 | — | — | — | 1,038 | ||||||||||||||||||
| National Offshore Petroleum Safety and Environmental Management Authority | AUD | — | — | 1,714 | — | — | — | 1,714 | ||||||||||||||||||
| National Offshore Petroleum Titles Administrator | AUD | — | — | 2,883 | — | — | — | 2,883 | ||||||||||||||||||
| Pilbara Port Authority | AUD | — | — | 928 | — | — | — | 928 | ||||||||||||||||||
| Shire of Ashburton | AUD | — | — | 8,583 | — | — | 11,529 | 20,112 | ||||||||||||||||||
| Western Australian Land Authority | AUD | — | — | 3,573 | — | — | — | 3,573 | ||||||||||||||||||
| Total | — | 446 | 27,270 | — | — | 1,739,156 | 1,766,872 | |||||||||||||||||||
(Amounts in thousands of U.S. dollars)
| Project | Payment Currency | Bonuses | Community & social responsibility | Fees | Production entitlements | Royalties | Taxes | Total | ||||||||||||||||||
| Offshore-Indian Ocean/Western Australia/Oil/Natural Gas/Well | AUD | — | — | 27,270 | — | — | 87,375 | 114,646 | ||||||||||||||||||
| Entity-level payments | AUD | — | 446 | — | — | — | 1,651,781 | 1,652,227 | ||||||||||||||||||
| Total | — | 446 | 27,270 | — | — | 1,739,156 | 1,766,872 | |||||||||||||||||||
Chevron Corporation 2025 Resource Extraction Payment Report
4
Bangladesh
(Amounts in thousands of U.S. dollars)
| Government Payee | Payment Currency | Bonuses | Community & social responsibility | Fees | Production entitlements | Royalties | Taxes | Total | ||||||||||||||||||
| Government of Bangladesh | In-kind | — | — | — | 715,495 | — | — | 715,495 | ||||||||||||||||||
| USD | — | 200 | 656 | — | — | 94,672 | 95,528 | |||||||||||||||||||
| Total | — | 200 | 656 | 715,495 | — | 94,672 | 811,023 | |||||||||||||||||||
(Amounts in thousands of U.S. dollars)
| Project | Payment Currency | Bonuses | Community & social responsibility | Fees | Production entitlements | Royalties | Taxes | Total | ||||||||||||||||||
| Sylhet/Natural Gas/Well | In-kind | — | — | — | 715,495 | — | — | 715,495 | ||||||||||||||||||
| USD | — | 200 | 656 | — | — | 94,672 | 95,528 | |||||||||||||||||||
| Total | — | 200 | 656 | 715,495 | — | 94,672 | 811,023 | |||||||||||||||||||
Chevron Corporation 2025 Resource Extraction Payment Report
5
Brazil
(Amounts in thousands of U.S. dollars)
| Government Payee | Payment Currency | Bonuses | Community & social responsibility | Fees | Production entitlements | Royalties | Taxes | Total | ||||||||||||||||||
| Agência Nacional do Petróleo, Gás Natural e Biocombustíveis | BRL | 65,652 | — | — | — | — | — | 65,652 | ||||||||||||||||||
| Total | 65,652 | — | — | — | — | — | 65,652 | |||||||||||||||||||
(Amounts in thousands of U.S. dollars)
| Project | Payment Currency | Bonuses | Community & social responsibility | Fees | Production entitlements | Royalties | Taxes | Total | ||||||||||||||||||
| Entity-level payments | BRL | 65,652 | — | — | — | — | — | 65,652 | ||||||||||||||||||
| Total | 65,652 | — | — | — | — | — | 65,652 | |||||||||||||||||||
Chevron Corporation 2025 Resource Extraction Payment Report
6
Canada
(Amounts in thousands of U.S. dollars)
| Government Payee | Payment Currency | Bonuses | Community & social responsibility | Fees | Production entitlements | Royalties | Taxes | Total | ||||||||||||||||||
| Canada Development Investment Corporation | CAD | — | — | — | — | 27,937 | — | 27,937 | ||||||||||||||||||
| Canada Newfoundland & Labrador Offshore Petroleum Board | CAD | — | — | 3,744 | — | — | — | 3,744 | ||||||||||||||||||
| Government of Alberta | CAD | — | — | — | — | — | 337,268 | 337,268 | ||||||||||||||||||
| Government of Newfoundland and Labrador | CAD | — | — | — | — | 97,199 | — | 97,199 | ||||||||||||||||||
| Provincial Treasurer | CAD | — | — | — | — | 7,937 | — | 7,937 | ||||||||||||||||||
| Receiver General for Canada | CAD | — | — | — | — | 225,632 | 1,414,641 | 1,640,273 | ||||||||||||||||||
| Total | — | — | 3,744 | — | 358,705 | 1,751,908 | 2,114,358 | |||||||||||||||||||
(Amounts in thousands of U.S. dollars)
| Project | Payment Currency | Bonuses | Community & social responsibility | Fees | Production entitlements | Royalties | Taxes | Total | ||||||||||||||||||
| Alberta/Oil/Natural Gas/Well | CAD | — | — | — | — | 7,937 | — | 7,937 | ||||||||||||||||||
| Offshore-Atlantic Ocean/Newfoundland and Labrador/Oil/Well | CAD | — | — | 3,744 | — | 350,768 | — | 354,513 | ||||||||||||||||||
| Entity-level payments | CAD | — | — | — | — | — | 1,751,908 | 1,751,908 | ||||||||||||||||||
| Total | — | — | 3,744 | — | 358,705 | 1,751,908 | 2,114,358 | |||||||||||||||||||
Chevron Corporation 2025 Resource Extraction Payment Report
7
China
(Amounts in thousands of U.S. dollars)
| Government Payee | Payment Currency | Bonuses | Community & social responsibility | Fees | Production entitlements | Royalties | Taxes | Total | ||||||||||||||||||
| Guangdong Provincial Tax Bureau | CNY | — | — | 131 | — | — | 133 | 264 | ||||||||||||||||||
| Kaizhou Tax Bureau | CNY | — | — | — | — | — | 5,373 | 5,373 | ||||||||||||||||||
| Tianjin Tax Bureau | CNY | — | — | 542 | — | — | — | 542 | ||||||||||||||||||
| XuanHan Tax Bureau | CNY | — | — | — | — | — | 8,354 | 8,354 | ||||||||||||||||||
| Total | — | — | 673 | — | — | 13,860 | 14,533 | |||||||||||||||||||
(Amounts in thousands of U.S. dollars)
| Project | Payment Currency | Bonuses | Community & social responsibility | Fees | Production entitlements | Royalties | Taxes | Total | ||||||||||||||||||
| Chongqing Shi/Natural Gas/Well | CNY | — | — | — | — | — | 5,373 | 5,373 | ||||||||||||||||||
| Sichuan Sheng/Natural Gas/Well | CNY | — | — | — | — | — | 8,354 | 8,354 | ||||||||||||||||||
| Offshore-Bohai Bay/Tianjin Shi/Oil/Well | CNY | — | — | 542 | — | — | — | 542 | ||||||||||||||||||
| Offshore-South China Sea/Guangdong Sheng/Oil/Well | CNY | — | — | 131 | — | — | — | 131 | ||||||||||||||||||
| Entity-level payments | CNY | — | — | — | — | — | 133 | 133 | ||||||||||||||||||
| Total | — | — | 673 | — | — | 13,860 | 14,533 | |||||||||||||||||||
Chevron Corporation 2025 Resource Extraction Payment Report
8
Cyprus
(Amounts in thousands of U.S. dollars)
| Government Payee | Payment Currency | Bonuses | Community & social responsibility | Fees | Production entitlements | Royalties | Taxes | Total | ||||||||||||||||||
| Ministry Of Energy Commerce and Industry | EUR | — | — | 190 | — | — | — | 190 | ||||||||||||||||||
| Total | — | — | 190 | — | — | — | 190 | |||||||||||||||||||
(Amounts in thousands of U.S. dollars)
| Project | Payment Currency | Bonuses | Community & social responsibility | Fees | Production entitlements | Royalties | Taxes | Total | ||||||||||||||||||
| Offshore-Mediterranean Sea/Cyprus/Block 12/Aphrodite/Natural Gas/Well | EUR | — | — | 190 | — | — | — | 190 | ||||||||||||||||||
| Total | — | — | 190 | — | — | — | 190 | |||||||||||||||||||
Chevron Corporation 2025 Resource Extraction Payment Report
9
Egypt
(Amounts in thousands of U.S. dollars)
| Government Payee | Payment Currency | Bonuses | Community & social responsibility | Fees | Production entitlements | Royalties | Taxes | Total | ||||||||||||||||||
| Egyptian Natural Gas Holding Company | USD | 933 | — | — | — | — | — | 933 | ||||||||||||||||||
| Total | 933 | — | — | — | — | — | 933 | |||||||||||||||||||
(Amounts in thousands of U.S. dollars)
| Project | Payment Currency | Bonuses | Community & social responsibility | Fees | Production entitlements | Royalties | Taxes | Total | ||||||||||||||||||
| Offshore-Mediterranean Sea/Al Qāhirah/Natural Gas/Well | USD | 150 | — | — | — | — | — | 150 | ||||||||||||||||||
| Offshore-Mediterranean Sea/Al Qāhirah/Oil/Natural Gas/Well | USD | 783 | — | — | — | — | — | 783 | ||||||||||||||||||
| Total | 933 | — | — | — | — | — | 933 | |||||||||||||||||||
Chevron Corporation 2025 Resource Extraction Payment Report
10
Equatorial Guinea
(Amounts in thousands of U.S. dollars)
| Government Payee | Payment Currency | Bonuses | Community & social responsibility | Fees | Production entitlements | Royalties | Taxes | Total | ||||||||||||||||||
| GE Petrol | In-kind | — | — | — | 118,254 | — | — | 118,254 | ||||||||||||||||||
| Ministerio de Minas e Hidrocarburos | In-kind | — | — | — | 188,049 | 109,951 | — | 298,000 | ||||||||||||||||||
| USD | — | 800 | — | — | — | — | 800 | |||||||||||||||||||
| XAF | — | 894 | 922 | — | — | — | 1,816 | |||||||||||||||||||
| Tesoro Publico | USD | — | — | 115 | — | — | — | 115 | ||||||||||||||||||
| XAF | — | — | 464 | — | — | — | 464 | |||||||||||||||||||
| USD | — | — | — | — | — | 76,714 | 76,714 | |||||||||||||||||||
| Total | — | 1,694 | 1,501 | 306,302 | 109,951 | 76,714 | 496,163 | |||||||||||||||||||
(Amounts in thousands of U.S. dollars)
| Project | Payment Currency | Bonuses | Community & social responsibility | Fees | Production entitlements | Royalties | Taxes | Total | ||||||||||||||||||
| Offshore-Atlantic Ocean/Bioko Nord/Oil/Natural Gas/Well | In-kind | — | — | — | 306,302 | 109,951 | 1 | — | 416,253 | |||||||||||||||||
| USD | — | 800 | 115 | — | — | — | 915 | |||||||||||||||||||
| XAF | — | 894 | 1,386 | — | — | — | 2,281 | |||||||||||||||||||
| Entity-level payments | USD | — | — | — | — | — | 76,714 | 76,714 | ||||||||||||||||||
| Total | — | 1,694 | 1,501 | 306,302 | 109,951 | 76,714 | 496,163 | |||||||||||||||||||
1 Royalties owed to the government are paid in-kind and are disclosed at fair value.
Chevron Corporation 2025 Resource Extraction Payment Report
11
Indonesia
(Amounts in thousands of U.S. dollars)
| Government Payee | Payment Currency | Bonuses | Community & social responsibility | Fees | Production entitlements | Royalties | Taxes | Total | ||||||||||||||||||
| Directorate General of Taxes | USD | — | — | — | — | — | 7,073 | 7,073 | ||||||||||||||||||
| Total | — | — | — | — | — | 7,073 | 7,073 | |||||||||||||||||||
(Amounts in thousands of U.S. dollars)
| Project | Payment Currency | Bonuses | Community & social responsibility | Fees | Production entitlements | Royalties | Taxes | Total | ||||||||||||||||||
| Entity-level payments | USD | — | — | — | — | — | 7,073 | 7,073 | ||||||||||||||||||
| Total | — | — | — | — | — | 7,073 | 7,073 | |||||||||||||||||||
Chevron Corporation 2025 Resource Extraction Payment Report
12
Israel
(Amounts in thousands of U.S. dollars)
| Government Payee | Payment Currency | Bonuses | Community & social responsibility | Fees | Production entitlements | Royalties | Taxes | Total | ||||||||||||||||||
| Ministry of Energy | USD | — | — | — | — | 145,745 | — | 145,745 | ||||||||||||||||||
| Ministry of Finance | ILS | — | — | — | — | — | 220,661 | 220,661 | ||||||||||||||||||
| Total | — | — | — | — | 145,745 | 220,661 | 366,406 | |||||||||||||||||||
(Amounts in thousands of U.S. dollars)
| Project | Payment Currency | Bonuses | Community & social responsibility | Fees | Production entitlements | Royalties | Taxes | Total | ||||||||||||||||||
| Offshore-Mediterranian Sea/Tel Aviv/Oil/Natural Gas/Well | ILS | — | — | — | — | — | 220,661 | 220,661 | ||||||||||||||||||
| USD | — | — | — | — | 145,745 | — | 145,745 | |||||||||||||||||||
| Total | — | — | — | — | 145,745 | 220,661 | 366,406 | |||||||||||||||||||
Chevron Corporation 2025 Resource Extraction Payment Report
13
Kazakhstan
(Amounts in thousands of U.S. dollars)
| Government Payee | Payment Currency | Bonuses | Community & social responsibility | Fees | Production entitlements | Royalties | Taxes | Total | ||||||||||||||||||
| The State Revenue Committee | USD | — | — | — | — | — | 128,437 | 128,437 | ||||||||||||||||||
| Total | — | — | — | — | — | 128,437 | 128,437 | |||||||||||||||||||
(Amounts in thousands of U.S. dollars)
| Project | Payment Currency | Bonuses | Community & social responsibility | Fees | Production entitlements | Royalties | Taxes | Total | ||||||||||||||||||
| Batys Qazaqstan oblysy/Oil/Natural Gas/Well | USD | — | — | — | — | — | 128,437 | 128,437 | ||||||||||||||||||
| Total | — | — | — | — | — | 128,437 | 128,437 | |||||||||||||||||||
Chevron Corporation 2025 Resource Extraction Payment Report
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Kuwait-Saudi Arabia Partitioned Zone
(Amounts in thousands of U.S. dollars)
| Government Payee | Payment Currency | Bonuses | Community & social responsibility | Fees | Production entitlements | Royalties | Taxes | Total | ||||||||||||||||||
| Saudi Arabian Monetary Authority | USD | — | — | — | — | 389,996 | 611,480 | 1,001,477 | ||||||||||||||||||
| Saudi Petroleum Services Polytechnic | USD | — | 5,000 | — | — | — | — | 5,000 | ||||||||||||||||||
| Total | — | 5,000 | — | — | 389,996 | 611,480 | 1,006,477 | |||||||||||||||||||
(Amounts in thousands of U.S. dollars)
| Project | Payment Currency | Bonuses | Community & social responsibility | Fees | Production entitlements | Royalties | Taxes | Total | ||||||||||||||||||
| Al Aḩmadī/Oil/Well | USD | — | 5,000 | — | — | 389,996 | 611,480 | 1,006,477 | ||||||||||||||||||
| Total | — | 5,000 | — | — | 389,996 | 611,480 | 1,006,477 | |||||||||||||||||||
Chevron Corporation 2025 Resource Extraction Payment Report
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Malaysia
(Amounts in thousands of U.S. dollars)
| Government Payee | Payment Currency | Bonuses | Community & social responsibility | Fees | Production entitlements | Royalties | Taxes | Total | ||||||||||||||||||
| Inland Revenue Board of Malaysia | MYR | — | — | — | — | — | 22,367 | 22,367 | ||||||||||||||||||
| Petroliam Nasional Berhad | In-kind | — | — | — | 556,177 | — | — | 556,177 | ||||||||||||||||||
| MYR | — | — | — | — | 584 | — | 584 | |||||||||||||||||||
| Total | — | — | — | 556,177 | 584 | 22,367 | 579,128 | |||||||||||||||||||
(Amounts in thousands of U.S. dollars)
| Project | Payment Currency | Bonuses | Community & social responsibility | Fees | Production entitlements | Royalties | Taxes | Total | ||||||||||||||||||
| Offshore-Gulf of Thailand/Malaysia/Oil/Natural Gas/Well | In-kind | — | — | — | 556,177 | — | — | 556,177 | ||||||||||||||||||
| MYR | — | — | — | — | 584 | — | 584 | |||||||||||||||||||
| Entity-level payments | MYR | — | — | — | — | — | 22,367 | 22,367 | ||||||||||||||||||
| Total | — | — | — | 556,177 | 584 | 22,367 | 579,128 | |||||||||||||||||||
Chevron Corporation 2025 Resource Extraction Payment Report
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Nigeria
(Amounts in thousands of U.S. dollars)
| Government Payee | Payment Currency | Bonuses | Community & social responsibility | Fees | Production entitlements | Royalties | Taxes | Total | ||||||||||||||||||
| Federal Inland Revenue Service | USD | — | — | 4,550 | — | — | 476,942 | 481,492 | ||||||||||||||||||
| Host Communities Development Trust | NGN | — | 6,003 | — | — | — | — | 6,003 | ||||||||||||||||||
| USD | — | 8,887 | — | — | — | — | 8,887 | |||||||||||||||||||
| Niger Delta Development Commission | NGN | — | 34,324 | — | — | — | — | 34,324 | ||||||||||||||||||
| USD | — | 58,921 | — | — | — | — | 58,921 | |||||||||||||||||||
| Nigerian Export Supervision Scheme | NGN | — | — | 3,833 | — | — | — | 3,833 | ||||||||||||||||||
| Nigerian National Petroleum Company Limited | In-kind | — | — | — | 1,389,295 | — | — | 1,389,295 | ||||||||||||||||||
| Nigerian Upstream Petroleum Regulatory Commission | NGN | — | — | 750 | — | — | — | 750 | ||||||||||||||||||
| USD | — | — | 27,501 | — | 173,039 | — | 200,540 | |||||||||||||||||||
| Total | — | 108,135 | 36,634 | 1,389,295 | 173,039 | 476,942 | 2,184,045 | |||||||||||||||||||
(Amounts in thousands of U.S. dollars)
| Project | Payment Currency | Bonuses | Community & social responsibility | Fees | Production entitlements | Royalties | Taxes | Total | ||||||||||||||||||
| Delta/Oil/Well | USD | — | — | 1,999 | — | — | — | 1,999 | ||||||||||||||||||
| Offshore-Gulf of Guinea/Delta/Natural Gas/Well | NGN | — | — | 2,365 | — | — | — | 2,365 | ||||||||||||||||||
| USD | — | — | — | — | 3,790 | — | 3,790 | |||||||||||||||||||
| Offshore-Gulf of Guinea/Delta/Oil/Natural Gas/Well | In-kind | — | — | — | 1,295,360 | — | — | 1,295,360 | ||||||||||||||||||
| Offshore-Gulf of Guinea/Delta/Oil/Well | USD | — | — | 2,488 | — | — | — | 2,488 | ||||||||||||||||||
| Offshore-Gulf of Guinea/Ondo/Oil/Well | USD | — | — | 2,100 | — | — | — | 2,100 | ||||||||||||||||||
| Delta/Natural Gas/Well | USD | — | — | 381 | — | — | — | 381 | ||||||||||||||||||
| Delta/Oil/Natural Gas/Well | NGN | — | 6,003 | 749 | — | — | — | 6,752 | ||||||||||||||||||
| USD | — | 8,887 | 10,523 | — | 141,029 | 45,000 | 205,439 | |||||||||||||||||||
| Offshore-Gulf of Guinea/Bayelsa/Oil/Well | In-kind | — | — | — | 93,935 | — | — | 93,935 | ||||||||||||||||||
| NGN | — | — | 1,469 | — | — | — | 1,469 | |||||||||||||||||||
| USD | — | — | 14,559 | — | 28,220 | 67,100 | 109,880 | |||||||||||||||||||
| Entity-level payments | NGN | — | 34,324 | — | — | — | — | 34,324 | ||||||||||||||||||
| USD | — | 58,921 | — | — | — | 364,842 | 423,763 | |||||||||||||||||||
| Total | — | 108,135 | 36,634 | 1,389,295 | 173,039 | 476,942 | 2,184,045 | |||||||||||||||||||
Chevron Corporation 2025 Resource Extraction Payment Report
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Suriname
(Amounts in thousands of U.S. dollars)
| Government Payee | Payment Currency | Bonuses | Community & social responsibility | Fees | Production entitlements | Royalties | Taxes | Total | ||||||||||||||||||
| Staatsolie Maatschappij Suriname NV | USD | 4,643 | — | 1,570 | — | — | — | 6,212 | ||||||||||||||||||
| Total | 4,643 | — | 1,570 | — | — | — | 6,212 | |||||||||||||||||||
(Amounts in thousands of U.S. dollars)
| Project | Payment Currency | Bonuses | Community & social responsibility | Fees | Production entitlements | Royalties | Taxes | Total | ||||||||||||||||||
| Offshore-Shallow water/Paramaribo/Oil/Well | USD | — | — | 1,570 | — | — | — | 1,570 | ||||||||||||||||||
| Entity-level payments | USD | 4,643 | — | — | — | — | — | 4,643 | ||||||||||||||||||
| Total | 4,643 | — | 1,570 | — | — | — | 6,212 | |||||||||||||||||||
Chevron Corporation 2025 Resource Extraction Payment Report
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Thailand
(Amounts in thousands of U.S. dollars)
| Government Payee | Payment Currency | Bonuses | Community & social responsibility | Fees | Production entitlements | Royalties | Taxes | Total | ||||||||||||||||||
| Government of Thailand - Ministry of Energy - Department of Mineral Fuels | THB | 498 | — | — | — | 106,816 | — | 107,314 | ||||||||||||||||||
| Ministry of Finance, Revenue Department | THB | — | — | — | — | — | 21,727 | 21,727 | ||||||||||||||||||
| Total | 498 | — | — | — | 106,816 | 21,727 | 129,040 | |||||||||||||||||||
(Amounts in thousands of U.S. dollars)
| Project | Payment Currency | Bonuses | Community & social responsibility | Fees | Production entitlements | Royalties | Taxes | Total | ||||||||||||||||||
| Offshore-Gulf of Thailand/Krung Thep Maha Nakhon/Oil/Natural Gas/Well | THB | 498 | — | — | — | 106,816 | 21,727 | 129,040 | ||||||||||||||||||
| Total | 498 | — | — | — | 106,816 | 21,727 | 129,040 | |||||||||||||||||||
Chevron Corporation 2025 Resource Extraction Payment Report
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United Kingdom
(Amounts in thousands of U.S. dollars)
| Government Payee | Payment Currency | Bonuses | Community & social responsibility | Fees | Production entitlements | Royalties | Taxes | Total | ||||||||||||||||||
| HM Revenue & Customs (HMRC) | GBP | — | — | — | — | — | 94,166 | 94,166 | ||||||||||||||||||
| Total | — | — | — | — | — | 94,166 | 94,166 | |||||||||||||||||||
(Amounts in thousands of U.S. dollars)
| Project | Payment Currency | Bonuses | Community & social responsibility | Fees | Production entitlements | Royalties | Taxes | Total | ||||||||||||||||||
| Offshore-North Sea/Aberdeen City/Oil/Natural Gas/Well | GBP | — | — | — | — | — | 97,693 | 97,693 | ||||||||||||||||||
| Entity-level payments | GBP | — | — | — | — | — | (3,527) | (3,527) | ||||||||||||||||||
| Total | — | — | — | — | — | 94,166 | 94,166 | |||||||||||||||||||
Chevron Corporation 2025 Resource Extraction Payment Report
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United States
(Amounts in thousands of U.S. dollars)
| Government Payee | Payment Currency | Bonuses | Community & social responsibility | Fees | Production entitlements | Royalties | Taxes | Total | ||||||||||||||||||
| Bureau of Land Management | USD | — | — | 1,478 | — | — | — | 1,478 | ||||||||||||||||||
| Department of the Interior | USD | 10,619 | — | 1,151 | — | — | — | 11,770 | ||||||||||||||||||
| Internal Revenue Service1 | USD | — | — | — | — | — | 143,139 | 143,139 | ||||||||||||||||||
| Office of Natural Resources Revenue | USD | — | — | 19,357 | — | 1,081,698 | — | 1,101,056 | ||||||||||||||||||
| US Dept of the Interior | USD | — | — | 125 | — | — | — | 125 | ||||||||||||||||||
| Total | 10,619 | — | 22,112 | — | 1,081,698 | 143,139 | 1,257,569 | |||||||||||||||||||
(Amounts in thousands of U.S. dollars)
| Project | Payment Currency | Bonuses | Community & social responsibility | Fees | Production entitlements | Royalties | Taxes | Total | ||||||||||||||||||
| California/Oil/Well | USD | — | — | — | — | 8,845 | — | 8,845 | ||||||||||||||||||
| Colorado/Oil/Natural Gas/Well | USD | — | — | — | — | 6,872 | — | 6,872 | ||||||||||||||||||
| Federal Government/Oil/Natural Gas/Well | USD | — | — | 576 | — | 7,915 | — | 8,491 | ||||||||||||||||||
| New Mexico/Oil/Natural Gas/Well | USD | — | — | 903 | — | 386,916 | — | 387,818 | ||||||||||||||||||
| Wyoming/Oil/Natural Gas/Well | USD | — | — | — | — | — | — | — | ||||||||||||||||||
| Offshore-Gulf of America/Federal Government/Oil/Natural Gas/Well | USD | — | — | 1,049 | — | 57,084 | — | 58,133 | ||||||||||||||||||
| Offshore-Gulf of America/Gulf of America/Oil/Natural Gas/Well | USD | — | — | — | — | 614,066 | — | 614,066 | ||||||||||||||||||
| Offshore-Gulf of America/Louisiana/Oil/Natural Gas/Well | USD | 10,619 | — | 1,151 | — | — | — | 11,770 | ||||||||||||||||||
| Oklahoma/Oil/Natural Gas/Well | USD | — | — | — | — | — | — | — | ||||||||||||||||||
| Entity-level payments | USD | — | — | 18,434 | — | — | 143,139 | 161,573 | ||||||||||||||||||
| Total | 10,619 | — | 22,112 | — | 1,081,698 | 143,139 | 1,257,569 | |||||||||||||||||||
1 U.S. Federal taxes paid are affected by accelerated depreciation and the immediate expensing of research and development costs provided by the One Big Beautiful Bill Act of 2025, as well as net operating loss carryforwards, tax credits from biofuels production and other lower carbon activities, and prior year overpayments
Chevron Corporation 2025 Resource Extraction Payment Report
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