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

3 Months Ended

Mar. 31, 2020

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 refining, marketing, and 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:

	Three Months Ended March 31
	2020		2019
	(Millions of dollars)
Sales and other operating revenues	$	22,039	$	25,942
Costs and other deductions	21,281		25,757
Net income attributable to CUSA	$	860	$	181

	At March 31, 2020		At December 31, 2019
	(Millions of dollars)
Current assets	$	10,773	$	13,059
Other assets	51,449		50,796
Current liabilities	16,143		18,291
Other liabilities	12,630		12,565
Total CUSA net equity	$	33,449	$	32,999
Memo: Total debt	$	3,219	$	3,222