• Chevron average current ratio for 2023 was 1.35, a 3.57% decline from 2022.
• Chevron average current ratio for 2022 was 1.4, a 15.7% decline from 2021.
• Chevron average current ratio for 2021 was 1.21, a 5.22% increase from 2020.

Current ratio can be defined as a liquidity ratio that measures a company's ability to pay short-term obligations.