Did Chevron have recorded goodwill on its financial statements as of September 30, 2013?

Introduction to Goodwill in Financial Statements

Goodwill is an intangible asset that represents the excess of the purchase price of a company over the fair market value of its identifiable net assets. When one company acquires another for a price higher than the fair market value of the acquired company's assets minus its liabilities, the difference is recorded as goodwill on the acquirer's financial statements.

Chevron's Goodwill Status as of September 30, 2013

As of September 30, 2013, Chevron did not have any recorded goodwill on its financial statements. This means that during that period, Chevron did not acquire any company for a price greater than the fair market value of the acquired company's assets minus liabilities. Alternatively, it could indicate that any acquisition made by Chevron did not result in the recognition of goodwill due to the purchase price being equal to or less than the fair market value of the acquired company's net assets.

Therefore, the statement that "As of September 30, 2013, Chevron had no recorded goodwill on its financial statements" is true based on the absence of goodwill in Chevron's financial records for that particular period.