Chevron 2007 Annual Report Download - page 60

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58 58 
Consolidated Statement of Stockholders’ Equity

2007 2006 2005
Shares Amount Shares Amount Shares Amount
Preferred Stock – $ – – $ – – $ –
Common Stock
Balance at January 1 2,442,677 $ 1,832 2,442,677 $ 1,832 2,274,032 $ 1,706
Shares issued for Unocal acquisition – – – – 168,645 126
Balance at December 31 2,442,677 $ 1,832 2,442,677 $ 1,832 2,442,677 $ 1,832
Capital in Excess of Par
Balance at January 1 $ 14,126 $ 13,894 $ 4,160
Shares issued for Unocal acquisition – – 9,585
Treasury stock transactions 163 232 149
Balance at December 31 $ 14,289 $ 14,126 $ 13,894
Retained Earnings
Balance at January 1 $ 68,464 $ 55,738 $ 45,414
Net income 18,688 17,138 14,099
Cash dividends on common stock (4,791) (4,396) (3,778)
Adoption of EITF 04-6, “Accounting for Stripping Costs
Incurred during Production in the Mining Industry” – (19) –
Adoption of FIN 48, “Accounting for Uncertainty in Income Taxes” (35) – –
Tax benefit from dividends paid on
unallocated ESOP shares and other 3 3 3
Balance at December 31 $ 82,329 $ 68,464 $ 55,738
Notes Receivable – Key Employees $ (1) $ (2) $ (3)
Accumulated Other Comprehensive Loss
Currency translation adjustment
Balance at January 1 $ (90) $ (145) $ (140)
Change during year 31 55 (5)
Balance at December 31 $ (59) $ (90) $ (145)
Pension and other postretirement benefit plans
Balance at January 1 $ (2,585) $ (344) $ (402)
Change to defined benefit plans during year 685 (38) 58
Adoption of FAS 158, “Employers’ Accounting for
Defined Benefit Pension and Other Postretirement Plans” (108) (2,203) –
Balance at December 31 $ (2,008) $ (2,585) $ (344)
Unrealized net holding gain on securities
Balance at January 1 $ – $ 88 $ 120
Change during year 19 (88) (32)
Balance at December 31 $ 19 $ – $ 88
Net derivatives gain (loss) on hedge transactions
Balance at January 1 $ 39 $ (28) $ 103
Change during year (6) 67 (131)
Balance at December 31 $ 33 $ 39 $ (28)
Balance at December 31 $ (2,015) $ (2,636) $ (429)
Deferred Compensation and Benefit Plan Trust
Deferred Compensation
Balance at January 1 $ (214) $ (246) $ (367)
Net reduction of ESOP debt and other – 32 121
Balance at December 31 (214) (214) (246)
Benefit Plan Trust (Common Stock) 14,168 (240) 14,168 (240) 14,168 (240)
Balance at December 31 14,168 $ (454) 14,168 $ (454) 14,168 $ (486)
Treasury Stock at Cost
Balance at January 1 278,118 $ (12,395) 209,990 $ (7,870) 166,912 $ (5,124)
Purchases 85,429 (7,036) 80,369 (5,033) 52,013 (3,029)
Issuances – mainly employee benefit plans (11,304) 539 (12,241) 508 (8,935) 283
Balance at December 31 352,243 $ (18,892) 278,118 $ (12,395) 209,990 $ (7,870)
Total Stockholders’ Equity at December 31 $ 77,088 $ 68,935 $ 62,676
See accompanying Notes to the Consolidated Financial Statements.