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Consolidated Statement of Income - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Revenues and Other Income      
Sales and other operating revenues [1] $ 129,925 $ 200,494 $ 220,156
Income from equity affiliates 4,684 7,098 7,527
Other income 3,868 4,378 1,165
Total Revenues and Other Income 138,477 211,970 228,848
Costs and Other Deductions      
Purchased crude oil and products 69,751 119,671 134,696
Operating expenses 23,034 25,285 24,627
Selling, general and administrative expenses 4,443 4,494 4,510
Exploration expenses 3,340 1,985 1,861
Depreciation, depletion and amortization [2],[3] 21,037 16,793 14,186
Taxes other than on income [1] 12,030 12,540 13,063
Total Costs and Other Deductions 133,635 180,768 192,943
Income Before Income Tax Expense 4,842 31,202 35,905
Income Tax Expense 132 11,892 14,308
Net Income 4,710 19,310 21,597
Less: Net income attributable to noncontrolling interests 123 69 174
Net Income Attributable to Chevron Corporation [4] $ 4,587 $ 19,241 $ 21,423
Net Income Attributable to Chevron Corporation      
– Basic (per share) $ 2.46 $ 10.21 $ 11.18
– Diluted (per share) $ 2.45 $ 10.14 $ 11.09
[1] Includes excise, value-added and similar taxes. $7,359; $8,186; $8,492.
[2] Depreciation expense includes accretion expense of $715, $882 and $627 in 2015, 2014 and 2013, respectively
[3] Other than the United States, Australia and Nigeria, no other country accounted for 10 percent or more of the company’s net properties, plant and equipment (PP&E) in 2015. Australia had $49,205, $41,012 and $31,464 in 2015, 2014, and 2013, respectively. Nigeria had PP&E of $18,773, $19,214 and $18,429 for 2015, 2014 and 2013, respectively.
[4] There was no effect of dividend equivalents paid on stock units or dilutive impact of employee stock-based awards on earnings.