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Appendix: reconciliation of non-GAAP measures Net debt ratio $MM Short term debt Long term debt* Total Debt 2018 2019 2020 2021 2022 5,726 3,282 1,548 256 1,964 28,733 23,691 42,767 31,113 21,375 34,459 26,973 44,315 31,369 23,339 Less: Cash and cash equivalents 9,342 5,686 5,596 5,640 17,678 Less: Time deposits 950 0 0 0 0 Less: Marketable securities Total Adjusted Debt 53 63 31 35 223 24,114 21,224 38,688 25,694 5,438 Total Chevron Stockholder's Equity 154,554 144,213 131,688 139,067 159,282 Total Adjusted Debt plus Total Chevron Stockholder's Equity 178,668 165,437 170,376 164,761 164,720 Net Debt Ratio 13.5% 12.8% 22.7% 15.6% 3.3% * Includes capital lease obligations / finance lease liabilities. Note: Numbers may not sum due to rounding. © 2023 Chevron Chevron 40 40

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