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CONSOLIDATED STATEMENT OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues and Other Income        
Sales and other operating revenues $ 34,779 $ 42,105 $ 105,291 $ 118,564
Income from equity affiliates 1,172 1,555 3,430 4,685
Other income (loss) 165 327 1,445 738
Total Revenues and Other Income 36,116 43,987 110,166 123,987
Costs and Other Deductions        
Purchased crude oil and products 19,882 24,681 60,420 70,658
Operating expenses 5,325 4,985 15,398 14,899
Selling, general and administrative expenses 954 1,018 3,014 2,758
Exploration expenses 168 625 498 960
Depreciation, depletion and amortization 4,361 5,380 12,789 14,167
Taxes other than on income 1,059 1,259 3,167 3,966
Interest and debt expense 197 182 620 558
Other components of net periodic benefit costs 121 158 319 344
Total Costs and Other Deductions 32,067 38,288 96,225 108,310
Income Before Income Tax Expense 4,049 5,699 13,941 15,677
Income Tax Expense 1,469 1,643 4,429 4,540
Net Income 2,580 4,056 9,512 11,137
Less: Net income (loss) attributable to noncontrolling interests 0 9 (22) 43
Net Income Attributable to Chevron Corporation $ 2,580 $ 4,047 $ 9,534 $ 11,094
Per Share of Common Stock:        
Net Income Attributable to Chevron Corporation - Basic (in dollars per share) $ 1.38 $ 2.13 $ 5.06 $ 5.84
Net Income Attributable to Chevron Corporation - Diluted (in dollars per share) $ 1.36 $ 2.11 $ 5.02 $ 5.79
Weighted Average Number of Shares Outstanding        
Basic (in shares) 1,880,607 1,900,717 1,885,931 1,899,044
Diluted (in shares) 1,893,928 1,917,474 1,899,193 1,916,562