Summarized Financial Data - Chevron U.S.A. Inc. (Chevron U.S.A. Inc. [Member])

6 Months Ended

Jun. 30, 2012

Chevron U.S.A. Inc. [Member]

Summarized Financial Data - Chevron U.S.A. Inc.

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 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.

During 2012, Chevron implemented legal reorganizations in which certain Chevron subsidiaries transferred assets to or under CUSA. The summarized financial information for CUSA and its consolidated subsidiaries presented in this table below gives retroactive effect to the reorganizations as if they had occurred on January 1, 2011. However, the financial information in the following table may not reflect the financial position and operating results in the periods presented if the reorganization had occurred on that date.

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

	Six Months Ended June 30
	2012			2011
	(Millions of dollars)
Sales and other operating revenues		$	94,474		$	94,918
Costs and other deductions			89,571			89,971
Net income attributable to CUSA			3,529			3,690

	At June  30 2012			At December  31 2011
	(Millions of dollars)
Current assets		$	20,850		$	34,490
Other assets			48,744			47,556
Current liabilities			19,326			19,088
Other liabilities			26,655			26,153
Total CUSA net equity		$	23,613		$	36,805
Memo: Total debt		$	14,641		$	14,763