CVX Chevron Corporation

"Based on the results of this evaluation, the company’s management concluded that internal control over financial reporting was effective as of December 31, 2025."

distress relevance: 0.73 market specificity: 0.42 score: 0.436 risk_factors

anchor: our internal controls over financial reporting are not effective

"Our audit of internal control over financial reporting included obtaining an understanding of internal control over financial reporting, assessing the risk that a material weakness exists, and testing and evaluating the design and operating effectiveness of internal control based on the assessed risk."

distress relevance: 0.77 market specificity: 0.35 score: 0.421 risk_factors

anchor: material weakness in internal control over financial reporting

"Definition and Limitations of Internal Control over Financial Reporting A company’s internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles."

distress relevance: 0.75 market specificity: 0.36 score: 0.414 risk_factors

anchor: material weakness in internal control over financial reporting

"We have also excluded Hess from our audit of internal control over financial reporting."

distress relevance: 0.62 market specificity: 0.51 score: 0.407 risk_factors

anchor: our internal controls over financial reporting are not effective

"A company’s internal control over financial reporting includes those policies and procedures that (i) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (ii) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance "

distress relevance: 0.71 market specificity: 0.37 score: 0.393 risk_factors

anchor: material weakness in internal control over financial reporting

"The fair values of cash and cash equivalents are classified as Level 1 and reflect the cash that would have been received if the instruments were settled at December 31, 2024."

distress relevance: 0.53 market specificity: 0.44 score: 0.321 mda

anchor: cash and cash equivalents declined significantly

"Management’s Report on Internal Control Over Financial Reporting The company’s management is responsible for establishing and maintaining adequate internal control over financial reporting, as defined in the Exchange Act Rules 13a-15(f) and 15d-15(f)."

distress relevance: 0.68 market specificity: 0.20 score: 0.300 mda

anchor: our internal controls over financial reporting are not effective

"“Cash and cash equivalents” do not include investments with a carrying/fair value of $ at December 31, 2024, and December 31, 2023, respectively."

distress relevance: 0.58 market specificity: 0.31 score: 0.299 mda

anchor: cash and cash equivalents declined significantly

"Based on the results of this evaluation, the company’s management concluded that internal control over financial reporting was effective as of December 31, 2024."

distress relevance: 0.73 market specificity: 0.15 score: 0.298 mda

anchor: our internal controls over financial reporting are not effective

"2023 also includes a loss related to decommissioning obligations from certain previously divested oil and gas production assets in the Gulf of America."

distress relevance: 0.47 market specificity: 0.47 score: 0.292 risk_factors

anchor: significant unrealized losses that would be realized if we sold securities

"We have also excluded PDC from our audit of internal control over financial reporting."

distress relevance: 0.62 market specificity: 0.42 score: 0.370 mda

anchor: our internal controls over financial reporting are not effective

"In 2018, the tribunal ruled in Chevron’s favor, finding that the Ecuadorian judgment was procured through fraud, bribery, and corruption and was based on environmental claims that Ecuador had already settled and released."

distress relevance: 0.45 market specificity: 0.57 score: 0.312 mda

anchor: we received a notice of investigation from regulators

"The fair values of cash and cash equivalents are classified as Level 1 and reflect the cash that would have been received if the instruments were settled at December 31, 2023."

distress relevance: 0.52 market specificity: 0.42 score: 0.310 mda

anchor: cash and cash equivalents declined significantly

"Based on the results of this evaluation, the company’s management concluded that internal control over financial reporting was effective as of December 31, 2023."

distress relevance: 0.73 market specificity: 0.15 score: 0.300 mda

anchor: our internal controls over financial reporting are not effective

"“Cash and cash equivalents” do not include investments with a carrying/fair value of $ at December 31, 2023, and December 31, 2022, respectively."

distress relevance: 0.57 market specificity: 0.31 score: 0.298 mda

anchor: cash and cash equivalents declined significantly

"The fair values of cash and cash equivalents are classified as Level 1 and reflect the cash that would have been received if the instruments were settled at December 31, 2022."

distress relevance: 0.53 market specificity: 0.47 score: 0.331 mda

anchor: cash and cash equivalents declined significantly

"“Cash and cash equivalents” do not include investments with a carrying/fair value of $ at December 31, 2022, and December 31, 2021, respectively."

distress relevance: 0.60 market specificity: 0.33 score: 0.319 mda

anchor: cash and cash equivalents declined significantly

"For example, the company is currently subject to implemented programs in certain jurisdictions, such as the Renewable Fuel Standard program in the U.S., California’s Cap-and-Trade Program and Low Carbon Fuel Standard, and newly approved mandates such as the California Air Resources Board Advanced Clean Cars II regulations, as well as other indirect regulation of GHG emissions, which may, among oth"

distress relevance: 0.55 market specificity: 0.35 score: 0.298 risk_factors

anchor: we are subject to formal regulatory enforcement action

"Based on the results of this evaluation, the company’s management concluded that internal control over financial reporting was effective as of December 31, 2022."

distress relevance: 0.73 market specificity: 0.15 score: 0.298 mda

anchor: our internal controls over financial reporting are not effective

"The company relies on existing liquidity, financial resources and borrowing capacity to meet short-term obligations that would arise from such an event or series of events."

distress relevance: 0.57 market specificity: 0.30 score: 0.291 risk_factors

anchor: we may not have sufficient liquidity to meet our obligations

"The company relies on existing liquidity, financial resources and borrowing capacity to meet short-term obligations that would arise from such an event or series of events."

distress relevance: 0.57 market specificity: 0.39 score: 0.324 risk_factors

anchor: we may not have sufficient liquidity to meet our obligations

"The fair values of cash and cash equivalents are classified as Level 1 and reflect the cash that would have been received if the instruments were settled at December 31, 2021."

distress relevance: 0.54 market specificity: 0.41 score: 0.319 mda

anchor: cash and cash equivalents declined significantly

"“Cash and cash equivalents” do not include investments with a carrying/fair value of $ at December 31, 2021, and December 31, 2020, respectively."

distress relevance: 0.60 market specificity: 0.32 score: 0.317 mda

anchor: cash and cash equivalents declined significantly

"Based on the results of this evaluation, the company’s management concluded that internal control over financial reporting was effective as of December 31, 2021."

distress relevance: 0.73 market specificity: 0.14 score: 0.292 mda

anchor: our internal controls over financial reporting are not effective

"Our selection of disclosure frameworks that seek to align with various voluntary reporting standards may change from time to time and may result in a lack of comparative data from period to period."

distress relevance: 0.47 market specificity: 0.45 score: 0.288 risk_factors

anchor: material weakness in internal control over financial reporting

"The company relies on existing liquidity, financial resources and borrowing capacity to meet short-term obligations that would arise from such an event or series of events."

distress relevance: 0.57 market specificity: 0.40 score: 0.330 risk_factors

anchor: we may not have sufficient liquidity to meet our obligations

"As described in Management’s Report on Internal Control Over Financial Reporting, management has excluded Noble Energy, Inc."

distress relevance: 0.55 market specificity: 0.43 score: 0.330 mda

anchor: our internal controls over financial reporting are not effective

"The company excluded Noble from our assessment of internal control over financial reporting as of December 31, 2020 because it was acquired by the company in a business combination during 2020."

distress relevance: 0.48 market specificity: 0.52 score: 0.320 mda

anchor: our internal controls over financial reporting are not effective

"“Cash and cash equivalents” do not include investments with a carrying/fair value of $ at December 31, 2020, and December 31, 2019, respectively."

distress relevance: 0.58 market specificity: 0.34 score: 0.315 mda

anchor: cash and cash equivalents declined significantly

"is a wholly-owned subsidiary whose total assets and total revenues excluded from management’s assessment and our audit of internal control over financial reporting represent eight percent and one percent, respectively, of the related consolidated financial statement amounts as of and for the year ended December 31, 2020."

distress relevance: 0.58 market specificity: 0.31 score: 0.302 mda

anchor: our internal controls over financial reporting are not effective

"The fair values of cash, cash equivalents and bank time deposits are classified as Level 1 and reflect the cash that would have been received if the instruments were settled at December 31, “Cash and cash equivalents” do not include investments with a carrying/fair value of , respectively."

distress relevance: 0.58 market specificity: 0.39 score: 0.332 mda

anchor: cash and cash equivalents declined significantly

"“Cash and cash equivalents” had carrying/fair values of Notes to the Consolidated Financial Statements Millions of dollars, except per-share amounts , respectively."

distress relevance: 0.59 market specificity: 0.35 score: 0.323 mda

anchor: cash and cash equivalents declined significantly

"The company relies on existing liquidity, financial resources and borrowing capacity to meet short-term obligations that would arise from such an event or series of events."

distress relevance: 0.57 market specificity: 0.36 score: 0.313 risk_factors

anchor: we may not have sufficient liquidity to meet our obligations

"Changes in management’s estimates and assumptions may have a material impact on the company’s consolidated financial statements and financial or operational performance in any given period In preparing the company’s periodic reports under the Securities Exchange Act of 1934, including its financial statements, Chevron’s management is required under applicable rules and regulations to make estimate"

distress relevance: 0.50 market specificity: 0.42 score: 0.297 risk_factors

anchor: material weakness in internal control over financial reporting

"The company did not have any individually material impairments of investments and advances in Assets and Liabilities Measured at Fair Value on a Recurring Basis Total liabilities at fair value Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis Properties, plant and equipment, net (held and used) Properties, plant and equipment, net (held for sale) Total nonrecurring assets at fa"

distress relevance: 0.58 market specificity: 0.30 score: 0.296 mda

anchor: material impairment charges on our investment portfolio