Chevron 2006 Annual Report Download - page 2

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Demand for energy
continues to rise,
posing a clear challenge for our industry:
how to develop new and better ways to produce,
process, use and deliver all forms of energy —
from conventional crude oil and natural gas to
the emerging sources of the future.
At Chevron, we recognize the world needs all
the energy we can develop, in every potential form.
We’re managing our energy portfolio to deliver that
energy — and to create growth and value for our
stockholders, our customers, our business partners
and the communities where we do business.
LETTER TO STOCKHOLDERS 2
THE ENERGY PORTFOLIO:
CONVENTIONAL ENERGY 6
UNCONVENTIONAL ENERGY 8
EMERGING ENERGY 10
EFFICIENT ENERGY 12
HUMAN ENERGY 14
CHEVRON PERSPECTIVES 16
OPERATING HIGHLIGHTS 18
GLOSSARY OF ENERGY
AND FINANCIAL TERMS 24
FINANCIAL REVIEW 25
FIVE-YEAR OPERATING SUMMARY 85
FIVE-YEAR FINANCIAL SUMMARY 86
BOARD OF DIRECTORS 1 0 1
CORPORATE OFFICERS 102