Chevron 2004 Annual Report Download - page 27

FINANCIAL TABLE OF CONTENTS


Key Financial Results 
Income From Continuing Operations by
Major Operating Area 
Special Items 
Business Environment and Outlook 
Operating Developments 
Results of Operations 
Consolidated Statement of Income 
Selected Operating Data 
Information Related to Investment in Dynegy Inc. 
Liquidity and Capital Resources 
Financial Ratios 
Guarantees, Off-Balance-Sheet Arrangements
and Contractual Obligations, and
Other Contingencies 
Financial and Derivative Instruments 
Transactions With Related Parties 
Litigation and Other Contingencies 
Environmental Matters 
Critical Accounting Estimates and Assumptions 
New Accounting Standards 
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


 





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Note 1. Summary of Significant Accounting Policies 
Note 2. Special Items and Other Financial Information 
Note 3. Common Stock Split 
Note 4. Information Relating to the Consolidated
Statement of Cash Flows 
Note 5. Summarized Financial Data –
Chevron U.S.A. Inc. 
Note 6. Summarized Financial Data –
Chevron Transport Corporation Ltd. 
Note 7. Stockholders’ Equity 
Note 8. Financial and Derivative Instruments 
Note 9. Operating Segments and Geographic Data 
Note 10. Litigation 
Note 11. Lease Commitments 
Note 12. Restructuring and Reorganization Costs 
Note 13. Assets Held for Sale and
Discontinued Operations 
Note 14. Investments and Advances 
Note 15. Properties, Plant and Equipment 
Note 16. Accounting for Buy/Sell Contracts 
Note 17. Taxes 
Note 18. Short-Term Debt 
Note 19. Long-Term Debt 
Note 20. New Accounting Standards 
Note 21. Accounting for Suspended
Exploratory Wells 
Note 22. Employee Benefit Plans 
Note 23. Stock Options 
Note 24. Other Contingencies and Commitments
Note 25. FAS 143 – Asset Retirement Obligations
Note 26. Earnings Per Share

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 

The company has submitted to the New York Stock Exchange a certificate
of the Chief Executive Officer of the company certifying that he is not aware
of any violation by the company of New York Stock Exchange corporate
governance listing standards. The 302 certifications have been
filed in the Form 10-K.

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This Annual Report of ChevronTexaco Corporation contains forward-looking statements relating to ChevronTexaco’s operations that are based on management’s current
expectations, estimates and projections about the petroleum, chemicals and other energy-related industries. Words such as “anticipates,” “expects,” “intends,”
“plans,” “targets,” “projects,” “believes,” “seeks,” ”schedules,” “estimates” and similar expressions are intended to identify such forward-looking statements.
These statements are not guarantees of future performance and are subject to certain risks, uncertainties and other factors, some of which are beyond our control
and are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. You
should not place undue reliance on these forward-looking statements, which speak only as of the date of this report. Unless legally required, ChevronTexaco undertakes
no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.
Among the factors that could cause actual results to differ materially are crude oil and natural gas prices; refining margins and marketing margins; chemicals prices
and competitive conditions affecting supply and demand for aromatics, olefins and additives products; actions of competitors; the competitiveness of alternate energy
sources or product substitutes; technological developments; the results of operations and financial condition of equity affiliates; Dynegy Inc.’s ability to successfully
complete its recapitalization and restructuring plans; inability or failure of the company’s joint-venture partners to fund their share of operations and development
activities; potential failure to achieve expected production from existing and future oil and gas development projects; potential delays in the development, construction
or start-up of planned projects; potential disruption or interruption of the company’s production or manufacturing facilities due to war, accidents, political events, civil
unrest or severe weather; potential liability for remedial actions under existing or future environmental regulations and litigation; significant investment or product
changes under existing or future environmental regulations (including, particularly, regulations and litigation dealing with gasoline composition and characteristics);
potential liability resulting from pending or future litigation; the company’s ability to successfully implement the restructuring of its worldwide downstream organization
and other business units; the company’s ability to sell or dispose of assets or operations as expected; and the effects of changed accounting rules under generally
accepted accounting principles promulgated by rule-setting bodies. In addition, such statements could be affected by general domestic and international economic and
political conditions. Unpredictable or unknown factors not discussed herein also could have material adverse effects on forward-looking statements.