---
schema_version: "secwatch.filing_event.v1"
accession: "0000093410-24-000002"
form_type: "8-K"
ticker: "CVX"
cik: "0000093410"
company_name: "CHEVRON CORP"
filed_at: "2024-01-02T23:59:59+00:00"
generated_at: "2026-06-07T05:41:55.489259+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Chevron announces Q4 2023 non-cash charges of $3.5-$4.0B from impairment and abandonment obligations

## Summary
- Non-cash after-tax charges estimated at $3.5B to $4.0B in Q4 2023, treated as special items.
- Impairment of U.S. upstream assets, primarily in California, due to ongoing regulatory challenges.
- Loss from abandonment obligations for previously sold Gulf of Mexico assets after buyers filed Chapter 11.
- Chevron expects to continue operating California assets for many years; decommissioning Gulf assets over next decade.

## SEC filing metadata
- accession: 0000093410-24-000002
- form_type: 8-K
- ticker: CVX
- cik: 0000093410
- company_name: CHEVRON CORP
- filed_at: 2024-01-02T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/93410/000009341024000002/0000093410-24-000002-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/93410/000009341024000002/cvx-20240102.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000093410-24-000002
- JSON: https://secwatch.observer/filing/0000093410-24-000002.json
- Plain text: https://secwatch.observer/filing/0000093410-24-000002.txt

## Key facts
- Earnings Releases
  CHEVRON CORP reported preliminary financial results for fourth quarter 2023.
  - Period: fourth quarter 2023
  - Result: preliminary results
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/93410/000009341024000002/0000093410-24-000002-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.