Abstract187Re‐187Os systematics, abundances of highly siderophile elements (HSE: Re, PGE, and Au), chalcogen elements (Te, Se, and S), and some major and minor elements were determined in physically separated components of the Allende (CV3) and Murchison (CM2) carbonaceous chondrites. Substantial differences exist in the absolute and relative abundances of elements in the components, but the similarity of calculated and literature bulk rock abundances of HSE and chalcogens indicate that chemical complementarity exists among the components, with CI chondrite‐like ratios for many elements. Despite subsequent alteration and oxidation, the overall cosmochemical behavior of most moderately to highly siderophile elements during high‐temperature processing has been preserved in components of Allende at the sampling scale of the present study. The 187Re‐187Os systematics and element variations of Allende are less disturbed compared with Murchison, which reflects different degrees of oxidation and alteration of these meteorites. The HSE systematics (with the exception of Au) is controlled by two types of materials: Pd‐depleted condensates and CI chondrite‐like material. Enrichment and heterogeneous distribution of Au among the components is likely the result of hydrothermal alteration. Chalcogen elements are depleted compared with HSE in all components, presumably due to their higher volatility. Small systematic variations of S, Se, and Te in components bear the signature of fractional condensation/partial evaporation and metal–sulfide–silicate partitioning.