Chevron 2004 Annual Report Download - page 7

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5
CHEVRONTEXACO OPERATING HIGHLIGHTS1
 2003 % Change
Net production of crude oil and natural gas liquids (Thousands฀of฀barrels฀per฀day)  1,808 (5)%
Net production of natural gas (Millions฀of฀cubic฀feet฀per฀day)   4,292 (8)%
Net oil-equivalent production (Thousands฀of฀oil-equivalent฀barrels฀per฀day)  2,637 (5)%
Refi nery input (Thousands฀of฀barrels฀per฀day)  1,991 (2)%
Sales of refi ned products (Thousands฀of฀barrels฀per฀day) 3,738 5 %
Net proved reserves of crude oil, condensate and natural gas liquids2(Millions฀of฀barrels)
– Consolidated companies 6,280 (12)%
– Affi liated companies  2,319 6 %
Net proved reserves of natural gas2(Billions฀of฀cubic฀feet)
– Consolidated companies  17,553 (8)%
– Affi liated companies  2,638 34 %
Net proved oil-equivalent reserves2(Millions฀of฀barrels)
– Consolidated companies   9,206 (11)%
– Affi liated companies  2,758 11 %
Number of employees at year-end350,582 (7)%
1 Includes equity in affi liates, except number of employees
2 At the end of the year
3 Excludes service station personnel
0.00
2.00
1.50
1.00
0.50
0100 02 03 


Dollars per share
The฀company฀increased฀its฀annual฀
dividend฀payout฀for฀the฀17th฀con-
secutive฀year.

0
60
45
30
15
0100 02 03 




Dollars per share
The฀company’s฀stock฀price฀rose฀
22฀percent฀during฀2004,฀outpacing฀
the฀broader฀market฀indexes.
�Adjusted฀for฀stock฀split฀in฀2004

0
30
24
18
12
6
0100 02 03 



Percentage
Higher฀net฀income฀helped฀boost฀
ChevronTexaco’s฀return฀on฀capital฀
employed฀to฀25.8฀percent.

0.0
12.0
6.0
9.0
3.0
0100 02 03 04
8.2
3.1
Net proved reserves for consoli-
dated companies declined 11
percent in 2004, while affiliated
companies’ reserves climbed by
11 percent.
*Barrels of oil-equivalent
NET PROVED RESERVES
Billions of BOE*
Other International
Asia-Pacific
Indonesia
Africa
United States
Affiliates
#14A – Net Proved Reserves (front) – v7