
Note 6.	Summarized Financial Data — Chevron Transport Corporation

Chevron Transport Corporation Limited (CTC), incorporated in Bermuda, is an indirect, wholly owned subsidiary of Chevron Corporation. CTC is the principal operator of Chevron’s international tanker fleet and is engaged in the marine transportation of crude oil and refined petroleum products. Most of CTC’s shipping revenue is derived by providing transportation services to other Chevron companies. Chevron Corporation has fully and unconditionally guaranteed this subsidiary’s obligations in connection with certain debt securities issued by a third party. Summarized financial information for CTC and its consolidated subsidiaries is as follows:


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

Sales and other operating revenues	$	196		$	250		$	422		$	494
Costs and other deductions		227			264			489			527
Net loss attributable to CTC		(32	)		(5	)		(67	)		(26	)


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

Current assets		$ 64		$209
Other assets		252		201
Current liabilities		78		101
Other liabilities		70		75

Total CTC net equity		$168		$234

There were no restrictions on CTC’s ability to pay dividends or make loans or advances at June 30, 2011.