Summary by Moomoo AI
Chevron Corporation has submitted its annual Specialized Disclosure Report (Form SD) to the U.S. Securities and Exchange Commission, detailing payments made to governments for the commercial development of oil, natural gas, or minerals for the fiscal year ended December 31, 2023. The report, in compliance with the Resource Extraction Payment Rules, includes payments made by Chevron and its consolidated subsidiaries. Payments reported in U.S. dollars, with foreign currency payments converted at the time of payment, cover taxes, royalties, fees, production entitlements, and bonuses, but exclude dividends and infrastructure payments. The report also notes that certain payments related to exploratory activities and payments from the recently acquired PDC Energy, Inc. will be disclosed in the next fiscal year's report. The report's Exhibit 99.1 provides a detailed breakdown of payments by country and project, with significant payments made in countries such as Angola, Argentina, Australia, and Nigeria, among others.
