
Note 5.	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:


	Six Months Ended
	June 30
	2011		2010
	(Millions of dollars)

Sales and other operating revenues	$	94,913	$	71,612
Costs and other deductions		89,966		68,934
Net income attributable to CUSA		3,690		2,019


	At June 30		At December 31
	2011		2010
	(Millions of dollars)

Current assets		$34,569		$29,211
Other assets		44,212		35,294
Current liabilities		20,890		18,098
Other liabilities		24,314		16,785

Total CUSA net equity		$33,577		$29,622

Memo: Total debt		$14,382		$ 8,284