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Consolidated Statement of Income (USD $)
In Millions, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Revenues and Other Income      
Sales and other operating revenues $ 220,156 [1] $ 230,590 [1] $ 244,371 [1]
Income from equity affiliates 7,527 6,889 7,363
Other income 1,165 4,430 1,972
Total Revenues and Other Income 228,848 241,909 253,706
Costs and Other Deductions      
Purchased crude oil and products 134,696 140,766 149,923
Operating expenses 24,627 22,570 21,649
Selling, general and administrative expenses 4,510 4,724 4,745
Exploration expenses 1,861 1,728 1,216
Depreciation, depletion and amortization 14,186 [2],[3] 13,413 [2],[3] 12,911 [2],[3]
Taxes other than on income 13,063 [1] 12,376 [1] 15,628 [1]
Total Costs and Other Deductions 192,943 195,577 206,072
Income Before Income Tax Expense 35,905 46,332 47,634
Income Tax Expense 14,308 19,996 20,626
Net Income 21,597 26,336 27,008
Less: Net income attributable to noncontrolling interests 174 157 113
Net Income Attributable to Chevron Corporation $ 21,423 $ 26,179 [4] $ 26,895 [4]
Per Share of Common Stock      
Net Income Attributable to Chevron Corporation - Basic $ 11.18 $ 13.42 $ 13.54
Net Income Attributable to Chevron Corporation - Diluted $ 11.09 $ 13.32 $ 13.44
[1] *Includes excise, value-added and similar taxes.$8,492 $8,010 $8,085See accompanying Notes to the Consolidated Financial Statements.
[2] Depreciation expense includes accretion expense of $627, $629 and $628 in 2013, 2012 and 2011, respectively.
[3] Other than the United States, Australia and Nigeria, no other country accounted for 10 percent or more of the company’s net properties, plant and equipment (PP&E) in 2013. Australia had $31,464, $21,770 and $12,423 in 2013, 2012, and 2011, respectively. Nigeria had PP&E of $18,429, $17,485 and $15,601 for 2013, 2012 and 2011, respectively.
[4] There was no effect of dividend equivalents paid on stock units or dilutive impact of employee stock-based awards on earnings.