XML 14 R2.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONSOLIDATED STATEMENT OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenues and Other Income        
Sales and other operating revenues [1] $ 42,105   $ 118,564  
Sales and other operating revenues [1]   $ 33,892   $ 98,293
Income from equity affiliates 1,555 1,036 4,685 3,502
Other income 327 1,277 738 2,311
Total Revenues and Other Income 43,987 36,205 123,987 104,106
Costs and Other Deductions        
Purchased crude oil and products 24,681 18,776 70,658 54,607
Operating expenses [2] 4,985 4,849 14,899 14,021
Selling, general and administrative expenses [2] 1,018 1,107 2,758 2,848
Exploration expenses 625 239 960 508
Depreciation, depletion and amortization 5,380 5,109 14,167 14,614
Taxes other than on income [1] 1,259 3,213 3,966 9,149
Interest and debt expense 182 35 558 134
Other components of net periodic benefit costs [2] 158 219 344 485
Total Costs and Other Deductions 38,288 33,547 108,310 96,366
Income Before Income Tax Expense 5,699 2,658 15,677 7,740
Income Tax Expense 1,643 672 4,540 1,589
Net Income 4,056 1,986 11,137 6,151
Less: Net income attributable to noncontrolling interests 9 34 43 67
Net Income Attributable to Chevron Corporation $ 4,047 $ 1,952 $ 11,094 $ 6,084
Per Share of Common Stock:        
Net Income Attributable to Chevron Corporation - Basic (in dollars per share) $ 2.13 $ 1.03 $ 5.84 $ 3.23
Net Income Attributable to Chevron Corporation - Diluted (in dollars per share) $ 2.11 $ 1.03 $ 5.79 $ 3.21
Weighted Average Number of Shares Outstanding        
Basic (in shares) 1,900,717 1,882,650 1,899,044 1,881,026
Diluted (in shares) 1,917,474 1,895,879 1,916,562 1,894,764
[1] The three-month and nine-month comparative periods ended September 30, 2017, include excise, value-added and similar taxes of $1,867 million and $5,315 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.