Summarized Financial Data – Chevron Transport Corporation Ltd.

Chevron Transport Corporation Ltd. (CTC), incorporated in Bermuda, is an indirect, wholly owned subsidiary of Chevron Corporation. CTC is the principal operator of Chevron’s international tanker fleet and is engaged in the marine transportation of crude oil and refined petroleum products. Most of CTC’s shipping revenue is derived from providing transportation services to other Chevron companies. Chevron Corporation has fully and unconditionally guaranteed this subsidiary’s obligations in connection with certain debt securities issued by a third party. Summarized financial information for CTC and its consolidated subsidiaries is as follows:



	Year ended December 31
	2013			2012			2011
Sales and other operating revenues	$	504		$	606		$	793
Total costs and other deductions	695			745			974
Net loss attributable to CTC	(191		)	(135		)	(177		)



	At December 31
	2013			2012
Current assets	$	221		$	199
Other assets	549			313
Current liabilities	94			154
Other liabilities	911			415
Total CTC net deficit	$	(235	)	$	(57	)

There were no restrictions on CTC's ability to pay dividends or make loans or advances at December 31, 2013.