Summarized Financial Data — Chevron Transport Corporation

Chevron Transport Corporation Limited (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.

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



	Three months ended March 31
	2014			2013
	(Millions of dollars)
Sales and other operating revenues	$	173		$	131
Costs and other deductions	199			172
Net loss attributable to CTC	(26		)	(41		)



	At March 31 2014			At December 31 2013
	(Millions of dollars)
Current assets	$	234		$	221
Other assets	582			549
Current liabilities	174			94
Other liabilities	900			911
Total CTC net deficit	$	(258	)	$	(235	)

There were no restrictions on CTC’s ability to pay dividends or make loans or advances at March 31, 2014.