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 refining, marketing, and 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.

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



	Three Months Ended March 31
	2017		2016
	(Millions of dollars)
Sales and other operating revenues	$	24,408	$	16,864
Costs and other deductions	24,099		17,996
Net income (loss) attributable to CUSA	421		(444		)



	At March 31 2017		At December 31 2016
	(Millions of dollars)
Current assets	$	10,936	$	11,266
Other assets	55,452		55,722
Current liabilities	16,284		16,660
Other liabilities	15,497		21,701
Total CUSA net equity	$	34,607	$	28,627
Memo: Total debt	$	3,054	$	9,418