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Summarized Financial Data - Chevron Transport Corporation (Chevron Transport Corporation [Member])
9 Months Ended
Sep. 30, 2012
Chevron Transport Corporation [Member]
 
Summarized Financial Data - Chevron Transport Corporation
Summarized Financial Data — Chevron Transport Corporation
Chevron Transport Corporation Limited (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. Summarized financial information for CTC and its consolidated subsidiaries is as follows:
 
Three Months Ended
September 30
 
Nine Months Ended
September 30
 
2012
 
2011
 
2012
 
2011
 
(Millions of dollars)
Sales and other operating revenues
$
119

 
$
182

 
$
513

 
$
604

Costs and other deductions
179

 
232

 
631

 
721

Net loss attributable to CTC
(58
)
 
(47
)
 
(114
)
 
(114
)



At September 30
2012

At December 31
2011
 
(Millions of dollars)
Current assets
$
237

 
$
290

Other assets
256

 
228

Current liabilities
134

 
114

Other liabilities
415

 
346

Total CTC net (deficit) equity
$
(56
)

$
58


There were no restrictions on CTC’s ability to pay dividends or make loans or advances at September 30, 2012.