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Chevron Corporation 2009 Annual Report 83
Tot a l
Consolidated
Consolidated Companies Affiliated Companies and Affiliated
Millions of dollars U.S. Africa Asia Other Total TCO Other Companies
At December 31, 2009
Future cash inflows from production1 $ 81,332 $ 75,338 $ 91,993 $ 101,114 $ 349,777 $ 97,793 $ 23,825 $ 471,395
Future production costs (35,295) (22,459) (31,843) (42,206) (131,803) (6,923) (4,765) (143,491)
Future development costs (7,027) (14,715) (12,884) (16,643) (51,269) (8,190) (3,986) (63,445)
Future income taxes (13,662) (22,503) (18,905) (17,427) (72,497) (23,357) (7,774) (103,628)
Undiscounted future net cash flows 25,348 15,661 28,361 24,838 94,208 59,323 7,300 160,831
10 percent midyear annual discount
for timing of estimated cash flows (8,822) (5,882) (11,722) (17,506) (43,932) (34,937) (4,450) (83,319)
Standardized Measure
Net Cash Flows $ 16,526 $ 9,779 $ 16,639 $ 7,332 $ 50,276 $ 24,386 $ 2,850 $ 77,512
At December 31, 2008
Future cash inflows from production2 $ 66,174 $ 52,344 $ 75,855 $ 37,408 $ 231,781 $ 51,252 $ 13,968 $ 297,001
Future production costs (45,738) (20,302) (33,817) (15,363) (115,220) (14,502) (2,319) (132,041)
Future development costs (6,099) (19,001) (15,298) (3,408) (43,806) (10,140) (1,551) (55,497)
Future income taxes (5,091) (9,581) (10,278) (7,593) (32,543) (7,517) (5,223) (45,283)
Undiscounted future net cash flows 9,246 3,460 16,462 11,044 40,212 19,093 4,875 64,180
10 percent midyear annual discount
for timing of estimated cash flows (2,318) (1,139) (7,042) (4,052) (14,551) (11,261) (2,966) (28,778)
Standardized Measure
Net Cash Flows $ 6,928 $ 2,321 $ 9,420 $ 6,992 $ 25,661 $ 7,832 $ 1,909 $ 35,402
At December 31, 2007
Future cash inflows from production2 $ 162,138 $132,450 $ 110,749 $ 62,883 $ 468,220 $159,078 $ 29,845 $ 657,143
Future production costs (41,861) (15,707) (29,150) (17,132) (103,850) (10,408) (1,529) (115,787)
Future development costs (8,080) (11,516) (10,989) (4,754) (35,339) (8,580) (1,175) (45,094)
Future income taxes (39,840) (74,172) (29,367) (18,791) (162,170) (39,575) (13,600) (215,345)
Undiscounted future net cash flows 72,357 31,055 41,243 22,206 166,861 100,515 13,541 280,917
10 percent midyear annual discount
for timing of estimated cash flows (31,133) (14,171) (16,091) (8,417) (69,812) (64,519) (7,779) (142,110)
Standardized Measure
Net Cash Flows $ 41,224 $ 16,884 $ 25,152 $ 13,789 $ 97,049 $ 35,996 $ 5,762 $ 138,807
1 Based on 12-month average price.
2 Based on year-end prices.
Table VI Standardized Measure of Discounted Future Net Cash
Flows Related to Proved Oil and Gas Reserves – Continued