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CHEVRON CORPORATION 2005 ANNUAL REPORT 101
Consolidated Companies
United States International
Gulf of Total Asia- Total Affi liated Companies
Millions of dollars Calif. Mexico Other U.S. Africa Pacifi c Indonesia Other Int’l. Total TCO Hamaca
AT DECEMBER 31, 2005
Future cash infl ows
from production $ 50,771 $ 29,422 $ 50,039 $ 130,232 $ 101,912 $ 73,612 $ 32,538 $ 44,680 $ 252,742 $ 382,974 $ 97,707 $ 20,616
Future production costs (15,719) (5,758) (12,767) (34,244) (11,366) (12,459) (18,260) (11,908) (53,993) (88,237) (7,399) (2,101)
Future devel. costs (2,274) (2,467) (873) (5,614) (8,197) (5,840) (1,730) (2,439) (18,206) (23,820) (5,996) (762)
Future income taxes (11,092) (7,173) (12,317) (30,582) (50,894) (21,509) (5,709) (13,917) (92,029) (122,611) (23,818) (6,036)
Undiscounted future
net cash fl ows 21,686 14,024 24,082 59,792 31,455 33,804 6,839 16,416 88,514 148,306 60,494 11,717
10 percent midyear annual
discount for timing of
estimated cash fl ows (10,947) (4,520) (10,838) (26,305) (14,881) (14,929) (2,269) (5,635) (37,714) (64,019) (37,674) (7,768)
STANDARDIZED MEASURE
NET CASH FLOWS $ 10,739 $ 9,504 $ 13,244 $ 33,487 $ 16,574 $ 18,875 $ 4,570 $ 10,781 $ 50,800 $ 84,287 $ 22,820 $ 3,949
AT DECEMBER 31, 2004
Future cash infl ows
from production $ 32,793 $ 19,043 $ 28,676 $ 80,512 $ 64,628 $ 35,960 $ 25,313 $ 30,061 $ 155,962 $ 236,474 $ 61,875 $ 12,769
Future production costs (11,245) (3,840) (7,343) (22,428) (10,662) (8,604) (12,830) (7,884) (39,980) (62,408) (7,322) (3,734)
Future devel. costs (1,731) (2,389) (667) (4,787) (6,355) (2,531) (717) (1,593) (11,196) (15,983) (5,366) (407)
Future income taxes (6,706) (4,336) (6,991) (18,033) (29,519) (9,731) (5,354) (9,914) (54,518) (72,551) (13,895) (2,934)
Undiscounted future
net cash fl ows 13,111 8,478 13,675 35,264 18,092 15,094 6,412 10,670 50,268 85,532 35,292 5,694
10 percent midyear annual
discount for timing of
estimated cash fl ows (6,656) (2,715) (6,110) (15,481) (9,035) (6,966) (2,465) (3,451) (21,917) (37,398) (22,249) (3,817)
STANDARDIZED MEASURE
NET CASH FLOWS $ 6,455 $ 5,763 $ 7,565 $ 19,783 $ 9,057 $ 8,128 $ 3,947 $ 7,219 $ 28,351 $ 48,134 $ 13,043 $ 1,877
AT DECEMBER 31, 2003
Future cash infl ows
from production $ 30,307 $ 23,521 $ 33,251 $ 87,079 $ 55,532 $ 33,031 $ 26,288 $ 29,987 $ 144,838 $ 231,917 $ 56,485 $ 9,018
Future production costs (10,692) (5,003) (9,354) (25,049) (8,237) (6,389) (11,387) (6,334) (32,347) (57,396) (6,099) (1,878)
Future devel. costs (1,668) (1,550) (990) (4,208) (4,524) (2,432) (1,729) (1,971) (10,656) (14,864) (6,066) (463)
Future income taxes (6,073) (5,742) (7,752) (19,567) (25,369) (9,932) (5,993) (7,888) (49,182) (68,749) (12,520) (2,270)
Undiscounted future
net cash fl ows 11,874 11,226 15,155 38,255 17,402 14,278 7,179 13,794 52,653 90,908 31,800 4,407
10 percent midyear annual
discount for timing of
estimated cash fl ows (6,050) (3,666) (7,461) (17,177) (8,482) (6,392) (3,013) (5,039) (22,926) (40,103) (20,140) (2,949)
STANDARDIZED MEASURE
NET CASH FLOWS $ 5,824 $ 7,560 $ 7,694 $ 21,078 $ 8,920 $ 7,886 $ 4,166 $ 8,755 $ 29,727 $ 50,805 $ 11,660 $ 1,458
TABLE VI – STANDARDIZED MEASURE OF DISCOUNTED FUTURE NET CASH FLOWS RELATED TO PROVED OIL AND GAS RESERVES – Continued