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CONSOLIDATED STATEMENT OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenues and Other Income        
Sales and other operating revenues [1] $ 40,491   $ 76,459  
Sales and other operating revenues [1]   $ 32,877   $ 64,401
Income from equity affiliates 1,493 1,316 3,130 2,466
Other income 252 287 411 1,034
Revenues 42,236 34,480 80,000 67,901
Costs and Other Deductions        
Purchased crude oil and products 24,744 18,325 45,977 35,831
Operating expenses [2] 5,213 4,590 9,914 9,176
Selling, general and administrative expenses [2] 1,017 927 1,740 1,737
Exploration expenses 177 125 335 269
Depreciation, depletion and amortization 4,498 5,311 8,787 9,505
Taxes other than on income [1] 1,363 3,065 2,707 5,936
Interest and debt expense 217 48 376 99
Other components of net periodic benefit costs [2] 102 136 186 266
Total Costs and Other Deductions 37,331 32,527 70,022 62,819
Income Before Income Tax Expense 4,905 1,953 9,978 5,082
Income Tax Expense 1,483 487 2,897 917
Net Income 3,422 1,466 7,081 4,165
Less: Net income attributable to noncontrolling interests 13 16 34 33
Net Income Attributable to Chevron Corporation $ 3,409 $ 1,450 $ 7,047 $ 4,132
Per Share of Common Stock:        
Net Income Attributable to Chevron Corporation - Basic (in dollars per share) $ 1.79 $ 0.77 $ 3.71 $ 2.20
Net Income Attributable to Chevron Corporation - Diluted (in dollars per share) 1.78 0.77 3.68 2.18
Dividends (in dollars per share) $ 1.12 $ 1.08 $ 2.24 $ 2.16
Weighted Average Number of Shares Outstanding        
Basic (in shares) 1,900,375 1,881,019 1,898,194 1,880,200
Diluted (in shares) 1,918,949 1,893,014 1,916,099 1,894,197
[1] The three-month and six-month comparative periods ended June 30, 2017, include excise, value-added and similar taxes of $1,771 million and $3,448 million, respectively, collected on behalf of third parties. Beginning in 2018, these taxes are netted in "Taxes other than on income" in accordance with ASU 2014-09. Refer to Note 17, "Revenue" beginning on page 24.
[2] 2017 adjusted to conform to ASU 2017-07. Refer to Note 5, "New Accounting Standards" beginning on page 10.