Note 5

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
	2011		2010		2009

Sales and other operating revenues	$	187,917	$	145,381	$	121,553
Total costs and other deductions		178,498		139,984		120,053
Net income attributable to CUSA		6,899		4,159		1,141


	At December 31
	2011		2010

Current assets	$	34,478	$	29,211
Other assets		47,556		35,294
Current liabilities		19,082		18,098
Other liabilities		26,153		16,785

Total CUSA net equity		36,799		29,622


Memo: Total debt	$	14,763	$	8,284