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Consolidated Statement of Income (USD $)
In Millions, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Revenues and Other Income      
Sales and other operating revenues $ 230,590 [1] $ 244,371 [1] $ 198,198 [1]
Income from equity affiliates 6,889 7,363 5,637
Other income 4,430 1,972 1,093
Total Revenues and Other Income 241,909 253,706 204,928
Costs and Other Deductions      
Purchased crude oil and products 140,766 149,923 116,467
Operating expenses 22,570 21,649 19,188
Selling, general and administrative expenses 4,724 4,745 4,767
Exploration expenses 1,728 1,216 1,147
Depreciation, depletion and amortization 13,413 [2],[3] 12,911 [2],[3] 13,063 [2],[3]
Taxes other than on income 12,376 [1] 15,628 [1] 18,191 [1]
Interest and debt expense 0 0 50
Total Costs and Other Deductions 195,577 206,072 172,873
Income Before Income Tax Expense 46,332 47,634 32,055
Income Tax Expense 19,996 20,626 12,919
Net Income 26,336 27,008 19,136
Less: Net income attributable to noncontrolling interests 157 113 112
Net Income Attributable to Chevron Corporation 26,179 [4] 26,895 [4] 19,024 [4]
Per Share of Common Stock      
Net Income Attributable to Chevron Corporation - Basic $ 13.42 $ 13.54 $ 9.53
Net Income Attributable to Chevron Corporation - Diluted $ 13.32 $ 13.44 $ 9.48
Includes excise, value-added and similar taxes. $ 8,010 $ 8,085 $ 8,591
[1] *Includes excise, value-added and similar taxes.$8,010 $8,085 $8,591See accompanying Notes to the Consolidated Financial Statements.
[2] Other than the United States, Nigeria and Australia, no other country accounted for 10 percent or more of the company’s net properties, plant and equipment (PP&E) in 2012. Nigeria had PP&E of $17,485, $15,601 and $13,896 for 2012, 2011 and 2010, respectively. Australia had $21,770 and $12,423 in 2012 and 2011, respectively.
[3] Depreciation expense includes accretion expense of $629, $628 and $513 in 2012, 2011 and 2010, respectively.
[4] There was no effect of dividend equivalents paid on stock units or dilutive impact of employee stock-based awards on earnings.