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.

During 2012, CTC implemented legal reorganizations in which certain Chevron business units transferred assets out of CTC. The summarized financial information for CTC and its consolidated subsidiaries presented in the table below gives retroactive effect to the reorganizations as if they had occurred on January 1, 2012. 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. Summarized income statement information for CTC and its consolidated subsidiaries is as follows:



	Three Months Ended June 30						Six Months Ended June 30
	2013			2012			2013			2012
	(Millions of dollars)
Sales and other operating revenues	$	120		$	193		$	251		$	337
Costs and other deductions	164			214			336			398
Net loss attributable to CTC	(43		)	(21		)	(84		)	(59		)

Summarized balance sheet information for CTC and its consolidated subsidiaries is as follows:



	At June 30 2013			At December 31 2012
	(Millions of dollars)
Current assets	$	183		$	199
Other assets	385			313
Current liabilities	297			154
Other liabilities	413			415
Total CTC net (deficit) equity	$	(142	)	$	(57	)

There were no restrictions on CTC’s ability to pay dividends or make loans or advances at June 30, 2013.