| Six Months Ended June 30, 2018 | Year Ended December 31 | ||||||||||||||||||
| 2017 | 2016 | 2015 | 2014 | ||||||||||||||||
| Net Income (Loss) Attributable to Chevron Corporation | $ | 7,047 | $ | 9,195 | $ | (497 | ) | $ | 4,587 | $ | 19,241 | ||||||||
| Income Tax Expense (Benefit) | 2,897 | (48 | ) | (1,729 | ) | 132 | 11,892 | ||||||||||||
| Distributions Less Than Equity in Earnings of Affiliates | (1,799 | ) | (2,214 | ) | (1,227 | ) | (760 | ) | (2,202 | ) | |||||||||
| Noncontrolling Interests | 34 | 74 | 66 | 123 | 69 | ||||||||||||||
| Previously Capitalized Interest Charged to Earnings During Period | 126 | 197 | 89 | 120 | 100 | ||||||||||||||
| Interest and Debt Expense | 376 | 307 | 201 | — | — | ||||||||||||||
Interest Portion of Rentals 1 | 132 | 240 | 313 | 345 | 356 | ||||||||||||||
| Earnings Before Provision for Taxes and Fixed Charges | $ | 8,813 | $ | 7,751 | $ | (2,784 | ) | $ | 4,547 | $ | 29,456 | ||||||||
| Interest and Debt Expense | 376 | 307 | 201 | — | — | ||||||||||||||
Interest Portion of Rentals 1 | 132 | 240 | 313 | 345 | 356 | ||||||||||||||
| Preferred Stock Dividends of Subsidiaries | — | — | — | — | — | ||||||||||||||
| Capitalized Interest | 88 | 595 | 552 | 495 | 358 | ||||||||||||||
| Total Fixed Charges | $ | 596 | $ | 1,142 | $ | 1,066 | $ | 840 | $ | 714 | |||||||||
Ratio of Earnings to Fixed Charges 2 | 14.79 | 6.79 | — | 5.41 | 41.25 | ||||||||||||||
| ___________________ | |||||||||||||||||||
1 Calculated as one-third of rentals. Considered a reasonable approximation of interest factor. | |||||||||||||||||||
2 The ratio coverage for the year ended December 31, 2016 was less than 1. Additional earnings of $3.9 billion would have been required to achieve a coverage of 1. | |||||||||||||||||||
