Note 6

Summarized Financial Data – Chevron Transport Corporation Ltd.

Chevron Transport Corporation Ltd. (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 issued by a third party. Summarized financial information for CTC and its consolidated subsidiaries is as follows:


	Year ended December 31
	2011			2010			2009

Sales and other operating revenues	$	793		$	885		$	683
Total costs and other deductions		974			1,008			810
Net loss attributable to CTC		(177	)		(116	)		(124	)


	At December 31
	2011		2010*

Current assets	$	290	$	309
Other assets		228		201
Current liabilities		114		101
Other liabilities		346		175

Total CTC net equity		58		234


*		2010 current assets and other liabilities conformed with 2011 presentation.

There were no restrictions on CTC’s ability to pay dividends or make loans or advances at December 31, 2011.