Noncontrolling Interests

9 Months Ended

Sep. 30, 2013

Ownership interests in the company’s subsidiaries held by parties other than the parent are presented separately from the parent’s equity on the Consolidated Balance Sheet. The amount of consolidated net income attributable to the parent and the noncontrolling interests are both presented on the face of the Consolidated Statement of Income.

Activity for the equity attributable to noncontrolling interests for the first nine months of 2013 and 2012 is as follows:



	2013									2012
	Chevron Corporation Stockholders’ Equity			Non-controlling Interest			Total Equity			Chevron Corporation Stockholders’ Equity			Non-controlling Interest			Total Equity
	(Millions of dollars)
Balance at January 1	$	136,524		$	1,308		$	137,832		$	121,382		$	799		$	122,181
Net income	16,493			146			16,639			18,934			105			19,039
Dividends	(5,573		)	—			(5,573		)	(5,102		)	—			(5,102		)
Distributions to noncontrolling interests	—			(93		)	(93		)	—			(23		)	(23		)
Treasury shares, net	(3,214		)	—			(3,214		)	(3,017		)	—			(3,017		)
Other changes, net*	549			(67		)	482			744			400			1,144
Balance at September 30	$	144,779		$	1,294		$	146,073		$	132,941		$	1,281		$	134,222

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* Includes components of comprehensive income, which are disclosed separately in the Consolidated Statement of Comprehensive Income.

- Definition

The entire disclosure for noncontrolling interest in consolidated subsidiaries, which could include the name of the subsidiary, the ownership percentage held by the parent, the ownership percentage held by the noncontrolling owners, the amount of the noncontrolling interest, the location of this amount on the balance sheet (when not reported separately), an explanation of the increase or decrease in the amount of the noncontrolling interest, the noncontrolling interest share of the net Income or Loss of the subsidiary, the location of this amount on the income statement (when not reported separately), the nature of the noncontrolling interest such as background information and terms, the amount of the noncontrolling interest represented by preferred stock, a description of the preferred stock, and the dividend requirements of the preferred stock.

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