Large Language Models (LLMs) have shown promise in multiple software engineering tasks including code generation, code summarisation, test generation and code repair. Fault localisation is essential for facilitating automatic program debugging and repair, and is demonstrated as a highlight at ChatGPT-4's launch event. Nevertheless, there has been little work understanding LLMs' capabilities for fault localisation in large-scale open-source programs. To fill this gap, this paper presents an in-depth investigation into the capability of ChatGPT-3.5 and ChatGPT-4, the two state-of-the-art LLMs, on fault localisation. Using the widely-adopted Defects4J dataset, we compare the two LLMs with the existing fault localisation techniques. We also investigate the stability and explanation of LLMs in fault localisation, as well as how prompt engineering and the length of code context affect the fault localisation effectiveness. Our findings demonstrate that within a limited code context, ChatGPT-4 outperforms all the existing fault localisation methods. Additional error logs can further improve ChatGPT models' localisation accuracy and stability, with an average 46.9% higher accuracy over the state-of-the-art baseline SmartFL in terms of TOP-1 metric. However, performance declines dramatically when the code context expands to the class-level, with ChatGPT models' effectiveness becoming inferior to the existing methods overall. Additionally, we observe that ChatGPT's explainability is unsatisfactory, with an accuracy rate of only approximately 30%. These observations demonstrate that while ChatGPT can achieve effective fault localisation performance under certain conditions, evident limitations exist. Further research is imperative to fully harness the potential of LLMs like ChatGPT for practical fault localisation applications.

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