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Summarized Financial Data – Chevron Phillips Chemical Company LLC
 12 Months Ended
Dec. 31, 2020
Summarized Financial Data of Subsidiary Two [Abstract]  
Summarized Financial Data – Chevron Phillips Chemical Company LLC
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 the refining, marketing, 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:
Year ended December 31
202020192018
Sales and other operating revenues
$67,950 $109,314 $125,076 
Total costs and other deductions
72,575 116,365 121,351 
Net income (loss) attributable to CUSA
(2,676)(5,061)4,334 
At December 31
20202019
Current assets$10,555 $13,059 
Other assets48,054 50,796 
Current liabilities12,403 18,291 
Other liabilities14,102 12,565 
Total CUSA net equity$32,104 $32,999 
Memo: Total debt$7,133 $3,222 
Summarized Financial Data – Chevron Phillips Chemical Company LLC
Chevron has a 50 percent equity ownership interest in Chevron Phillips Chemical Company LLC (CPChem). Refer to Note 13, on page 77, for a discussion of CPChem operations. Summarized financial information for 100 percent of CPChem is presented in the table below:

Year ended December 31
202020192018
Sales and other operating revenues$8,407 $9,333 $11,310 
Costs and other deductions7,221 7,863 9,812 
Net income attributable to CPChem1,260 1,760 2,069 
At December 31
20202019
Current assets$2,816 $2,554 
Other assets14,210 14,314 
Current liabilities1,394 1,247 
Other liabilities3,380 3,174 
Total CPChem net equity$12,252 $12,447