Chevron 2004 Annual Report Download - page 48

Download and view the complete annual report

Please find page 48 of the 2004 Chevron annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 98

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98

46 CHEVRONTEXACO CORPORATION 2004 ANNUAL REPORT
Quarterly Results and Stock Market Data
Unaudited
 20031
Millions฀of฀dollars,฀except฀per-share฀amount        4TH Q 3RD Q 2ND Q 1ST Q

Sales and other operating revenues2,3     $ 30,018 $ 30,058 $ 28,982 $ 30,517
Income from equity affiliates        262 287 216 264
Other income        67 147 52 42
Gain from exchange of Dynegy securities       – 365 – –
        30,347 30,857 29,250 30,823

Purchased crude oil and products        17,907 18,024 17,187 18,192
Operating expenses        2,488 2,227 1,853 1,932
Selling, general and administrative expenses        1,172 1,198 1,061 1,009
Exploration expenses        138 130 147 155
Depreciation, depletion and amortization       1,309 1,394 1,400 1,223
Taxes other than on income2        4,643 4,417 4,511 4,330
Interest and debt expense        111 115 118 130
Minority interests        14 24 20 22
        27,782 27,529 26,297 26,993

         2,565 3,328 2,953 3,830
        837 1,363 1,363 1,731
        1,728 1,965 1,590 2,099
        7 10 10 17

          $ 1,735 $ 1,975 $ 1,600 $ 2,116

        – – – (196)
         $ 1,735 $ 1,975 $ 1,600 $ 1,920

 
         $ 0.82 $ 1.006 $ 0.75 $ 0.98
         $ 0.82 $ 1.006 $ 0.75 $ 0.98
 
         $ – $ 0.01 $ – $ 0.01
         $ – $ 0.01 $ – $ 0.01
 
  
         $ – $ – $ – $ (0.09)
         $ – $ – $ – $ (0.09)
 
         $ 0.82 $ 1.016 $ 0.75 $ 0.90
         $ 0.82 $ 1.016 $ 0.75 $ 0.90
         $ 0.37 $ 0.36 $ 0.35 $ 0.35
      $ 43.49 $ 37.28 $ 38.11 $ 35.20
     $ 35.57 $ 35.02 $ 31.06 $ 30.65
1 2003 conformed to the 2004 presentation for
discontinued operations.
2 Includes consumer excise taxes:     $ 1,825 $ 1,814 $ 1,765 $ 1,691
3 Includes amounts for buy/sell contracts:     $ 3,538 $ 3,734 $ 3,751 $ 3,223
4 Net benefits (charges) for special items included in
“Net Income”:         $ 89 $ 14 $ (117) $ (39)
5 The amounts in all periods reflect a two-for-one stock split effected as a 100 percent stock dividend in September 2004.
6 Includes a benefit of $0.08 for the company’s share of a capital stock transaction of its Dynegy Inc. affiliate, which, under the applicable accounting rules, was recorded directly to
retained earnings and not included in the net income for the period.
The฀company’s฀common฀stock฀is฀listed฀on฀the฀New฀York฀Stock฀Exchange฀(trading฀symbol:฀CVX)฀and฀on฀the฀Pacific฀Exchange.฀As฀of฀February฀
25,฀2005,฀stockholders฀of฀record฀numbered฀approximately฀227,000.฀There฀are฀no฀restrictions฀on฀the฀company’s฀ability฀to฀pay฀dividends.