Chevron Files 8-K on Operations & Financial Condition

TL;DR

**Chevron filed a standard 8-K on Jan 2, 2024, for operational and financial condition updates.**

AI Summary

Chevron Corporation filed an 8-K on January 2, 2024, to report an event related to its Results of Operations and Financial Condition. This filing indicates that Chevron's common stock, with a par value of $0.75 per share, is registered on the New York Stock Exchange under the trading symbol CVX. For investors, this filing primarily serves as a procedural update, confirming the company's compliance with SEC reporting requirements regarding its operational and financial status, which is important for maintaining transparency and investor confidence.

Why It Matters

This filing is a routine disclosure by Chevron, confirming its compliance with SEC regulations and providing transparency on its operational and financial reporting, which is crucial for investor confidence.

Risk Assessment

Risk Level: low — This 8-K is a routine administrative filing and does not contain any new material information that would significantly alter Chevron's risk profile.

Analyst Insight

This filing is purely administrative and does not contain new financial or operational data. Investors should await Chevron's next earnings report or specific news for actionable insights.

Key Numbers

• $0.75 — Par value per share (The stated par value of Chevron's common stock.)

Key Players & Entities

• Chevron Corporation (company) — the registrant filing the 8-K
• New York Stock Exchange (company) — where Chevron's common stock is registered
• $0.75 (dollar_amount) — par value per share of common stock
• January 2, 2024 (date) — date of earliest event reported and filing date

Forward-Looking Statements

• Chevron will continue to file routine 8-K reports for administrative updates. (Chevron Corporation) — high confidence, target: 2024-12-31

FAQ

From the Filing

0000093410-24-000002.txt : 20240102 0000093410-24-000002.hdr.sgml : 20240102 20240102080035 ACCESSION NUMBER: 0000093410-24-000002 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20240102 ITEM INFORMATION: Results of Operations and Financial Condition FILED AS OF DATE: 20240102 DATE AS OF CHANGE: 20240102 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CHEVRON CORP CENTRAL INDEX KEY: 0000093410 STANDARD INDUSTRIAL CLASSIFICATION: PETROLEUM REFINING [2911] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 940890210 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-00368 FILM NUMBER: 24500284 BUSINESS ADDRESS: STREET 1: 6001 BOLLINGER CANYON ROAD CITY: SAN RAMON STATE: CA ZIP: 94583 BUSINESS PHONE: 925-842-1000 MAIL ADDRESS: STREET 1: 6001 BOLLINGER CANYON ROAD CITY: SAN RAMON STATE: CA ZIP: 94583 FORMER COMPANY: FORMER CONFORMED NAME: CHEVRONTEXACO CORP DATE OF NAME CHANGE: 20011009 FORMER COMPANY: FORMER CONFORMED NAME: CHEVRON CORP DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: STANDARD OIL CO OF CALIFORNIA DATE OF NAME CHANGE: 19840705 8-K 1 cvx-20240102.htm 8-K cvx-20240102 0000093410 false 0000093410 FALSE 0000093410 2024-01-02 2024-01-02 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 2, 2024      Chevron Corporation    (Exact name of registrant as specified in its charter)   Delaware      001-00368    94-0890210 (State or other jurisdiction of incorporation )      (Commission File Number)    (I.R.S. Employer Identification No.)   6001 Bollinger Canyon Road, San Ramon, CA    94583 (Address of Principal Executive Offices)    (Zip Code) Registrant’s telephone number, including area code: ( 925 ) 842-1000   N/A (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions: ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol Name of each exchange on which registered Common stock, par value $.75 per share CVX New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 ( §230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter ). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ Item 2.02     Results of Operations and Financial Condition On January 2, 2024, Chevron Corporation announced that for fourth quarter 2023, the Company will be impairing a portion of its U.S. upstream assets, primarily in California, due to continuing regulatory challenges in the state that have resulted in lower anticipated future investment levels in its business plans. The Company expects to continue operating the impacted assets for many y