Summarized Financial Data - Chevron U.S.A. Inc.

12 Months Ended

Dec. 31, 2019

Summarized Financial Data of Subsidiary One [Abstract]

Summarized Financial Data - Chevron U.S.A. Inc.

Summarized Financial Data – Chevron U.S.A. Inc.

Chevron U.S.A. Inc. (CUSA) is a major subsidiary of Chevron Corporation. CUSA and its subsidiaries manage and operate most of Chevron’s U.S. businesses. Assets include those related to the exploration and production of crude oil, natural gas and natural gas liquids and those associated with the refining, marketing, supply and distribution of products derived from petroleum, excluding most of the regulated pipeline operations of Chevron. CUSA also holds the company’s investment in the Chevron Phillips Chemical Company LLC joint venture, which is accounted for using the equity method. The summarized financial information for CUSA and its consolidated subsidiaries is as follows:

	Year ended December 31
	2019			2018		2017
Sales and other operating revenues	$	109,314		$	125,076	$	104,054
Total costs and other deductions	116,365			121,351		103,904
Net income (loss) attributable to CUSA	(5,061		)	4,334		4,842

	At December 31
	2019		2018
Current assets	$	13,059	$	12,819
Other assets	50,796		55,814
Current liabilities	18,291		16,376
Other liabilities	12,565		12,906
Total CUSA net equity	$	32,999	$	39,351
Memo: Total debt	$	3,222	$	3,049

Summarized Financial Data – Chevron Phillips Chemical Company LLC

Chevron has a 50 percent equity ownership interest in Chevron Phillips Chemical Company LLC (CPChem). Refer to Note 13, on page 72, for a discussion of CPChem operations. Summarized financial information for 100 percent of CPChem is presented in the table below:

	Year ended December 31
	2019		2018		2017
Sales and other operating revenues	$	9,333	$	11,310	$	9,063
Costs and other deductions	7,863		9,812		8,126
Net income attributable to CPChem	1,760		2,069		1,446

	At December 31
	2019		2018
Current assets	$	2,554	$	2,820
Other assets	14,314		13,790
Current liabilities	1,247		1,281
Other liabilities	3,174		2,892
Total CPChem net equity	$	12,447	$	12,437