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86 CHEVRONTEXACO CORPORATION 2004 ANNUAL REPORT
Consolidated Companies
United States International
Gulf of Total Asia- Total Affiliated Companies
Millions฀of฀dollars Calif. Mexico Other U.S. Africa Pacific Indonesia Other Int’l. Total TCO Hamaca

Revenues from net
production
Sales $ 359 $ 1,302 $ 1,076 $ 2,737 $ 1,121 $ 1,181 $ 229 $ 2,080 $ 4,611 $ 7,348 $ 955 $ 44
Transfers 1,621 1,611 1,193 4,425 1,663 1,560 1,530 1,202 5,955 10,380 – –
Total 1,980 2,913 2,269 7,162 2,784 2,741 1,759 3,282 10,566 17,728 955 44
Production expenses
excluding taxes (570) (630) (782) (1,982) (415) (330) (680) (606) (2,031) (4,013) (130) (4)
Taxes other than on
income (60) (53) (226) (339) (24) (114) – (77) (215) (554) (36) –
Proved producing properties:
depreciation and depletion (250) (844) (389) (1,483) (314) (345) (315) (654) (1,628) (3,111) (86) (5)
FAS 19 abandonment
provision3 (12) (70) (12) (94) (38) (16) 3 (40) (91) (185) (5) –
Exploration expenses 1 (179) (38) (216) (106) (89) (20) (160) (375) (591) – –
Unproved properties
valuation (2) (24) (9) (35) (14) (9) – (67) (90) (125) – –
Other (expense) income4 (58) (108) (193) (359) (179) (202) (31) 59 (353) (712) (5) (12)
Results before
income taxes 1,029 1,005 620 2,654 1,694 1,636 716 1,737 5,783 8,437 693 23
Income tax expense (362) (353) (218) (933) (1,202) (1,097) (337) (677) (3,313) (4,246) (208) –

  $ 667 $ 652 $ 402 $ 1,721 $ 492 $ 539 $ 379 $ 1,060 $ 2,470 $ 4,191 $ 485 $ 23
1 The value of owned production consumed on lease as fuel has been eliminated from revenues and production expenses, and the related volumes have been deducted from net pro-
duction in calculating the unit average sales price and production cost. This has no effect on the results of producing operations.
2 2002 includes certain reclassifications to conform to 2004 presentation.
3 See Note 25 on page 77, FAS 143, “Asset Retirement Obligations.”
4 Includes net sulfur income, foreign currency transaction gains and losses, certain significant impairment write-downs, miscellaneous expenses, etc. Also includes net income from
related oil and gas activities that do not have oil and gas reserves attributed to them (for example, net income from technical and operating service agreements) and items identi-
fied in the MD&A on pages 30 through 32.

Consolidated Companies
United States International
Gulf of Total Asia- Total Affiliated Companies
฀ ฀ ฀ ฀ Calif. Mexico Other U.S. Africa Pacific Indonesia Other Int’l. Total TCO Hamaca

Average sales prices
Liquids, per barrel               
Natural gas, per
thousand cubic feet                   
Average production
costs, per barrel                   

Average sales prices
Liquids, per barrel $ 25.77 $ 27.89 $ 26.48 $ 26.66 $ 28.54 $ 24.66 $ 25.10 $ 27.56 $ 26.70 $ 26.69 $ 22.07 $ 17.06
Natural gas, per
thousand cubic feet 5.04 5.56 4.51 5.01 0.04 3.64 2.26 2.58 2.87 4.08 0.68 0.33
Average production
costs, per barrel 7.01 4.47 6.40 5.82 4.42 2.49 9.30 3.99 4.41 4.99 2.04 3.24

Average sales prices
Liquids, per barrel $ 20.75 $ 22.22 $ 21.13 $ 21.34 $ 24.33 $ 21.52 $ 22.07 $ 23.31 $ 22.92 $ 22.36 $ 18.16 $ 18.91
Natural gas, per
thousand cubic feet 2.98 3.19 2.60 2.89 0.04 3.11 0.84 2.11 2.24 2.62 0.57 –
Average production
costs, per barrel3 5.91 4.49 6.24 5.48 3.49 2.50 7.94 3.59 4.03 4.63 2.19 1.58
1 The value of owned production consumed on lease as fuel has been eliminated from revenues and production expenses, and the related volumes have been deducted from net
production in calculating the unit average sales price and production cost. This has no effect on the results of producing operations.
2 Natural gas converted to oil-equivalent gas (OEG) barrels at a rate of 6 MCF = 1 OEG barrel.
3 Conformed to 2004 presentation to exclude taxes.
Supplemental Information on Oil and Gas Producing Activities – Continued
TABLE III – RESULTS OF OPERATIONS FOR OIL AND GAS PRODUCING ACTIVITIES1 – Continued