Chevron 2009 Annual Report Download - page 36

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FS-PB
34 Chevron Corporation 2009 Annual Report
Consolidated Statement of Income
Millions of dollars, except per-share amounts
Year ended December 31
2009 2008 2007
Revenues and Other Income
Sales and other operating revenues* $ 167,402 $ 264,958 $ 214,091
Income from equity afliates 3,316 5,366 4,144
Other income 918 2,681 2,669
Total Revenues and Other Income 171,636 273,005 220,904
Costs and Other Deductions
Purchased crude oil and products 99,653 171,397 133,309
Operating expenses 17,857 20,795 16,932
Selling, general and administrative expenses 4,527 5,756 5,926
Exploration expenses 1,342 1,169 1,323
Depreciation, depletion and amortization 12,110 9,528 8,708
Taxes other than on income* 17,591 21,303 22,266
Interest and debt expense 28 166
Total Costs and Other Deductions 153,108 229,948 188,630
Income Before Income Tax Expense 18,528 43,057 32,274
Income Tax Expense 7,965 19,026 13,479
Net Income 10,563 24,031 18,795
Less: Net income attributable to noncontrolling interests 80 100 107
Net Income Attributable to Chevron Corporation $ 10,483 $ 23,931 $ 18,688
Per-Share of Common Stock
Net Income Attributable to Chevron Corporation
Basic $ 5.26 $ 11.74 $ 8.83
Diluted $ 5.24 $ 11.67 $ 8.77
*
Includes excise, value-added and similar taxes. $ 8,109 $ 9,846 $ 10,121
See accompanying Notes to the Consolidated Financial Statements.