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:



	Nine Months Ended September 30
	2012		2011
	(Millions of dollars)
Sales and other operating revenues	$	139,107	$	143,014
Costs and other deductions	132,534		135,249
Net income attributable to CUSA	4,734		5,733



	At September 30 2012		At December 31 2011
	(Millions of dollars)
Current assets	$	20,105	$	34,490
Other assets	49,751		47,556
Current liabilities	18,577		19,081
Other liabilities	26,439		26,160
Total CUSA net equity	$	24,840	$	36,805
Memo: Total debt	$	14,475	$	14,763