Summarized Financial Data – Chevron U.S.A. Inc.

Chevron U.S.A. Inc. (CUSA) is a major subsidiary of Chevron Corporation. CUSA and its subsidiaries manage and operate most of Chevron’s U.S. businesses. Assets include those related to the exploration and production of crude oil, natural gas and natural gas liquids and those associated with the refining, marketing, supply and distribution of products derived from petroleum, excluding most of the regulated pipeline operations of Chevron. CUSA also holds the company’s investment in the Chevron Phillips Chemical Company LLC joint venture, which is accounted for using the equity method.

During 2012, Chevron implemented legal reorganizations in which certain Chevron subsidiaries transferred assets to or under CUSA. The summarized financial information for CUSA and its consolidated subsidiaries presented in the following table gives retroactive effect to the reorganizations as if they had occurred on January 1, 2011. However, the financial information in the following table may not reflect the financial position and operating results in the periods presented if the reorganization had occurred on that date.

The summarized financial information for CUSA and its consolidated subsidiaries is as follows:



	Year ended December 31
	2013		2012		2011
Sales and other operating revenues	$	174,318	$	183,215	$	187,929
Total costs and other deductions	169,984		175,009		178,510
Net income attributable to CUSA	3,714		6,216		6,898



	At December 31
	2013		2012
Current assets	$	17,626	$	18,983
Other assets	57,288		52,082
Current liabilities	17,486		18,161
Other liabilities	28,119		26,472
Total CUSA net equity	29,309		26,432

Memo: Total debt	$	14,482	$	14,482