Fundamental Accounting Concepts

Entity Registrant Name CHEVRON CORP
CIK 0000093410
Accession number 0000093410-14-000011
Link to XBRL instance http://www.sec.gov/Archives/edgar/data/93410/000009341014000011/cvx-20131231.xml
Fiscal year end --12-31
Fiscal year focus 2013
Fiscal period focus FY
Current balance sheet date 2013-12-31
Current year-to-date income statement start date 2013-01-01
Report frame code COMID-BSC-CF1-ISS-IEMIR-OILN

Commentary

BALANCE SHEET


BS1: Equity = Equity Attributable to Parent + Equity Attributable to Noncontrolling Interest

Description Fact value US GAAP XBRL Concept
Equity Attributable to Parent 149,113,000,000 us-gaap:StockholdersEquity
Equity Attributable to Noncontrolling Interest 1,314,000,000 us-gaap:MinorityInterest
Equity 150,427,000,000 us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
CHECK 0

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BS2: Assets = Liabilities and Equity

Description Fact value US GAAP XBRL Concept
Assets 253,753,000,000 us-gaap:Assets
Liabilities and Equity 253,753,000,000 us-gaap:LiabilitiesAndStockholdersEquity
CHECK 0

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BS3: Assets = Current Assets + Noncurrent Assets (classified balance sheet)

Description Fact value US GAAP XBRL Concept
Current assets 50,250,000,000 us-gaap:AssetsCurrent
Noncurrent assets 203,503,000,000
Assets 253,753,000,000 us-gaap:Assets
CHECK 0

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BS4: Liabilities = Current Liabilities + Noncurrent Liabilities (classified balance sheet)

Description Fact value US GAAP XBRL Concept
Current Liabilities 33,018,000,000 us-gaap:LiabilitiesCurrent
Noncurrent Liabilities 70,308,000,000
Liabilities 103,326,000,000 us-gaap:Liabilities
CHECK 0

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BS5: Liabilities and Equity = Liabilities + Commitments and Contingencies + Temporary Equity + Redeemable Noncontrolling Interest + Equity

Description Fact value US GAAP XBRL Concept
Liabilities 103,326,000,000 us-gaap:Liabilities
Commitments and Contingencies 0
Temporary Equity 0
Redeemable Noncontrolling Interest 0
Equity 150,427,000,000 us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
Liabilities and Equity 253,753,000,000 us-gaap:LiabilitiesAndStockholdersEquity
CHECK 0

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INCOME STATEMENT

IS1: Gross Profit = Revenues - Cost Of Revenue (Income statement is single-step, rule IS1 is not applicable)

IS2: Operating Income (Loss) = Gross Profit - Operating Expenses + Other Operating Income (Expenses) (Multi-step approach) (Income statement is single-step, rule IS1 is not applicable)


IS3: Income (Loss) from Continuing Operations Before Equity Method Investments = Operating Income (Loss) + Nonoperating Income (Loss) - Interest And Debt Expense

Description Fact value US GAAP XBRL Concept
Operating Income (Loss) (CREDIT) 0
Nonoperating Income (Expense) (CREDIT) 0
Interest and Debt Expense (DEBIT) 0
Income (Loss) from Continuing Operations Before Equity Method Investments (CREDIT) 35,905,000,000 us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
CHECK 0

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Reporting entity might not report Operating Income (Loss)

Reporting entity might not report total for Nonoperating Income (Expense)

Reporting entity might not report total for Interest and Debt Expense


IS4: Income (Loss) from Continuing Operations Before Tax = Income (Loss) from Continuing Operations Before Equity Method Investments + Income (Loss) from Equity Method Investments

Description Fact value US GAAP XBRL Concept
Income (Loss) from Continuing Operations Before Equity Method Investments (CREDIT) 35,905,000,000 us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Income (Loss) from Equity Method Investments (CREDIT) 7,527,000,000 us-gaap:IncomeLossFromEquityMethodInvestments
Income (Loss) from Continuing Operations after Tax (CREDIT) 35,905,000,000 us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
CHECK 0

*

Reporting entity might not report Income (Loss) from Equity Method Investments in this location on the income statement


IS5: Income (Loss) from Continuing Operations after Tax = Income (Loss) from Continuing Operations Before Tax - Income Tax Expense (Benefit)

Description Fact value US GAAP XBRL Concept
Income (Loss) from Continuing Operations Before Tax (CREDIT) 35,905,000,000 us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Income Tax Expense (Benefit) (DEBIT) -14,308,000,000 us-gaap:IncomeTaxExpenseBenefit
Income (Loss) from Continuing Operations after Tax (CREDIT) 21,597,000,000
CHECK 0

*


IS6: Net Income (Loss) = Income (Loss) from Continuing Operations After Tax + Income (Loss) from Discontinued Operations, Net of Tax + Extraordinary Items, Gain (Loss)

Description Fact value US GAAP XBRL Concept
Income (Loss) from Continuing Operations After Tax (CREDIT) 21,597,000,000
Income (Loss) from Discontinued Operations, Net of Tax (CREDIT) 0
Extraordinary Items, Gain (Loss) (CREDIT) 0
Net Income (Loss) (CREDIT) 21,597,000,000 us-gaap:ProfitLoss
CHECK 0

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IS7: Net Income (Loss) = Net Income (Loss) Attributable to Parent + Net Income (Loss) Attributable to Noncontrolling Interest

Description Fact value US GAAP XBRL Concept
Net Income (Loss) Attributable to Parent (CREDIT) 21,423,000,000 us-gaap:NetIncomeLoss
Net Income (Loss) Attributable to Noncontrolling Interest (CREDIT) 174,000,000 us-gaap:NetIncomeLossAttributableToNoncontrollingInterest
Net Income (Loss) (CREDIT) 21,597,000,000 us-gaap:ProfitLoss
CHECK 0

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IS8: Net Income (Loss) Available to Common Stockholders, Basic = Net Income (Loss) Attributable to Parent - Preferred Stock Dividends and Other Adjustments

Description Fact value US GAAP XBRL Concept
Net Income (Loss) Attributable to Parent (CREDIT) 21,423,000,000 us-gaap:NetIncomeLoss
Preferred Stock Dividends and Other Adjustments (CREDIT) 0
Net Income (Loss) Available to Common Stockholders, Basic (CREDIT) 21,423,000,000
CHECK 0

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STATEMENT OF COMPREHENSIVE INCOME


IS9: Comprehensive Income (Loss) = Comprehensive Income (Loss) Attributable to Parent + Comprehensive Income (Loss) Attributable to Noncontrolling Interest

Description Fact value US GAAP XBRL Concept
Comprehensive Income (Loss) Attributable to Parent 24,213,000,000 us-gaap:ComprehensiveIncomeNetOfTax
Comprehensive Income (Loss) Attributable to Noncontrolling Interest 174,000,000 us-gaap:ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
Comprehensive Income (Loss) 24,387,000,000 us-gaap:ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
CHECK 0

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IS10: Comprehensive Income (Loss) = Net Income (Loss) + Other Comprehensive Income (Loss)

Description Fact value US GAAP XBRL Concept
Net Income (Loss) 21,597,000,000 us-gaap:ProfitLoss
Other Comprehensive Income (Loss) 2,790,000,000 us-gaap:OtherComprehensiveIncomeLossNetOfTax
Comprehensive Income (Loss) 24,387,000,000 us-gaap:ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
CHECK 0

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Note that this rule has an issue. Filers could use Net income (loss), or Net income (loss) attributable to parent as the starting point.

CASH FLOW STATEMENT


CF1: Net Cash Flow = Net Cash Flows, Operating + Net Cash Flows, Investing + Net Cash Flows, Financing + Exchange Gains (Losses)

Description Fact value US GAAP XBRL Concept
Net Cash Flows, Operating 35,002,000,000 us-gaap:NetCashProvidedByUsedInOperatingActivities
Net Cash Flows, Investing -35,609,000,000 us-gaap:NetCashProvidedByUsedInInvestingActivities
Net Cash Flows, Financing -3,821,000,000 us-gaap:NetCashProvidedByUsedInFinancingActivities
Exchange Gains (Losses) -266,000,000 us-gaap:EffectOfExchangeRateOnCashAndCashEquivalents
Net Cash Flow -4,694,000,000 us-gaap:CashAndCashEquivalentsPeriodIncreaseDecrease
CHECK 0

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CF2: Net Cash Flows, Continuing = Net Cash Flows, Operating, Continuing + Net Cash Flows, Investing, Continuing + Net Cash Flows, Financing, Continuing

Description Fact value US GAAP XBRL Concept
Net Cash Flows, Operating, Continuing 35,002,000,000
Net Cash Flows, Investing, Continuing -35,609,000,000
Net Cash Flows, Financing, Continuing -3,821,000,000
Net Cash Flows, Continuing -4,428,000,000
CHECK 0

*


CF3: Net Cash Flows, Discontinued = Net Cash Flows, Operating, Discontinued + Net Cash Flows, Investing, Discontinued + Net Cash Flows, Financing, Discontinued

Description Fact value US GAAP XBRL Concept
Net Cash Flow, Operating Activities, Discontinued 0
Net Cash Flow, Investing Activities, Discontinued 0
Net Cash Flow, Financing Activities, Discontinued 0
Net Cash Flow, Discontinued 0
CHECK 0

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CF4: Net Cash Flow, Operating = Net Cash Flows, Operating, Continuing + Net Cash Flows, Operating, Discontinued

Description Fact value US GAAP XBRL Concept
Net Cash Flow, Operating, Continuing 35,002,000,000
Net Cash Flow, Operating, Discontinued 0
Net Cash Flow, Operating 35,002,000,000 us-gaap:NetCashProvidedByUsedInOperatingActivities
CHECK 0

*


CF5: Net Cash Flow, Investing = Net Cash Flows, Investing, Continuing + Net Cash Flows, Investing, Discontinued

Description Fact value US GAAP XBRL Concept
Net Cash Flow, Investing, Continuing -35,609,000,000
Net Cash Flow, Investing, Discontinued 0
Net Cash Flow, Investing -35,609,000,000 us-gaap:NetCashProvidedByUsedInInvestingActivities
CHECK 0

*


CF6: Net Cash Flow, Financing = Net Cash Flows, Financing, Continuing + Net Cash Flows, Financing, Discontinued

Description Fact value US GAAP XBRL Concept
Net Cash Flow, Financing, Continuing -3,821,000,000
Net Cash Flow, Financing, Discontinued 0
Net Cash Flow, Financing -3,821,000,000 us-gaap:NetCashProvidedByUsedInFinancingActivities
CHECK 0

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