Operating Segments and Geographic Data (Tables)

9 Months Ended

Sep. 30, 2018

Earnings by major operating area for the three- and nine-month periods ended September 30, 2018 and 2017, are presented in the following table:



	Three Months Ended September 30						Nine Months Ended September 30
Segment Earnings	2018			2017			2018			2017
	(Millions of dollars)
Upstream
United States	$	828		$	(26	)	$	2,314		$	(48	)
International	2,551			515			7,712			2,907
Total Upstream	3,379			489			10,026			2,859
Downstream
United States	748			640			1,847			1,743
International	625			1,174			1,092			2,192
Total Downstream	1,373			1,814			2,939			3,935
Total Segment Earnings	4,752			2,303			12,965			6,794
All Other
Interest expense	(171		)	(30		)	(524		)	(115		)
Interest income	37			13			84			42
Other	(571		)	(334		)	(1,431		)	(637		)
Net Income Attributable to Chevron Corporation	$	4,047		$	1,952		$	11,094		$	6,084

Segment Assets

Segment assets at September 30, 2018, and December 31, 2017, are as follows:



Segment Assets	At September 30 2018		At December 31 2017
	(Millions of dollars)
Upstream
United States	$	42,126	$	40,770
International	155,396		159,612
Goodwill	4,518		4,531
Total Upstream	202,040		204,913
Downstream
United States	24,141		23,202
International	17,628		17,434
Total Downstream	41,769		40,636
Total Segment Assets	243,809		245,549
All Other
United States	5,353		4,938
International	7,444		3,319
Total All Other	12,797		8,257
Total Assets — United States	71,620		68,910
Total Assets — International	180,468		180,365
Goodwill	4,518		4,531
Total Assets	$	256,606	$	253,806

Segment Sales and Other Operating Revenues



	Three Months Ended September 30						Nine Months Ended September 30
Sales and Other Operating Revenues	2018			2017			2018			2017
	(Millions of dollars)
Upstream
United States	$	6,784		$	3,245		$	16,405		$	9,620
International	10,312			7,191			27,848			20,624
Subtotal	17,096			10,436			44,253			30,244
Intersegment Elimination — United States	(4,277		)	(2,298		)	(10,219		)	(6,737		)
Intersegment Elimination — International	(4,045		)	(2,828		)	(10,681		)	(8,256		)
Total Upstream	8,774			5,310			23,353			15,251
Downstream *
United States	16,405			13,452			45,137			39,206
International	18,568			15,298			52,571			44,512
Subtotal	34,973			28,750			97,708			83,718
Intersegment Elimination — United States	(1,360		)	(5		)	(1,804		)	(11		)
Intersegment Elimination — International	(339		)	(216		)	(869		)	(818		)
Total Downstream	33,274			28,529			95,035			82,889
All Other
United States	264			260			759			773
International	6			6			16			19
Subtotal	270			266			775			792
Intersegment Elimination — United States	(207		)	(207		)	(583		)	(621		)
Intersegment Elimination — International	(6		)	(6		)	(16		)	(18		)
Total All Other	57			53			176			153
Sales and Other Operating Revenues
United States	23,454			16,957			62,302			49,599
International	28,885			22,495			80,434			65,155
Subtotal	52,339			39,452			142,736			114,754
Intersegment Elimination — United States	(5,844		)	(2,510		)	(12,606		)	(7,369		)
Intersegment Elimination — International	(4,390		)	(3,050		)	(11,566		)	(9,092		)
Total Sales and Other Operating Revenues	$	42,105		$	33,892		$	118,564		$	98,293
_____________________________
* The three-month and nine-month comparative periods ended September 30, 2017, include excise, value-added and similar taxes of $1,867 million and $5,315 million, respectively, collected on behalf of third parties. Beginning in 2018, these taxes are netted in "Taxes other than on income" in accordance with ASU 2014-09. Refer to Note 17, "Revenue" beginning on page 24.