Chevron 2011 Annual Report Download - page 30

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28 Chevron Corporation 2011 Annual Report
Quarterly Results and Stock Market Data
Unaudited
2011 2010
Millions of dollars, except per-share amounts 4th Q 3rd Q 2nd Q 1st Q 4th Q 3rd Q 2nd Q 1st Q
Revenues and Other Income
Sales and other operating revenues1 $ 58,027 $ 61,261 $ 66,671 $ 58,412 $ 51,852 $ 48,554 $ 51,051 $ 46,741
Income from equity affiliates 1,567 2,227 1,882 1,687 1,510 1,242 1,650 1,235
Other income 391 944 395 242 665 (78) 303 203
Total Revenues and Other Income 59,985 64,432 68,948 60,341 54,027 49,718 53,004 48,179
Costs and Other Deductions
Purchased crude oil and products 36,363 37,600 40,759 35,201 30,109 28,610 30,604 27,144
Operating expenses 5,948 5,378 5,260 5,063 5,343 4,665 4,591 4,589
Selling, general and administrative expenses 1,330 1,115 1,200 1,100 1,408 1,181 1,136 1,042
Exploration expenses 386 240 422 168 335 420 212 180
Depreciation, depletion and amortization 3,313 3,215 3,257 3,126 3,439 3,401 3,141 3,082
Taxes other than on income1 2,680 3,544 4,843 4,561 4,623 4,559 4,537 4,472
Interest and debt expense – – – – 4 9 17 20
Total Costs and Other Deductions 50,020 51,092 55,741 49,219 45,261 42,845 44,238 40,529
Income Before Income Tax Expense 9,965 13,340 13,207 11,122 8,766 6,873 8,766 7,650
Income Tax Expense 4,813 5,483 5,447 4,883 3,446 3,081 3,322 3,070
Net Income $ 5,152 $ 7,857 $ 7,760 $ 6,239 $ 5,320 $ 3,792 $ 5,444 $ 4,580
Less: Net income attributable to
noncontrolling interests 29 28 28 28 25 24 35 28
Net Income Attributable to Chevron Corporation $ 5,123 $ 7,829 $ 7,732 $ 6,211 $ 5,295 $ 3,768 $ 5,409 $ 4,552
Per Share of Common Stock
Net Income Attributable to Chevron Corporation
Basic $ 2.61 $ 3.94 $ 3.88 $ 3.11 $ 2.65 $ 1.89 $ 2.71 $ 2.28
Diluted $ 2.58 $ 3.92 $ 3.85 $ 3.09 $ 2.64 $ 1.87 $ 2.70 $ 2.27
Dividends $ 0.81 $ 0.78 $ 0.78 $ 0.72 $ 0.72 $ 0.72 $ 0.72 $ 0.68
Common Stock Price Range – High2 $ 110.01 $ 109.75 $ 109.94 $ 109.65 $ 92.39 $ 82.19 $ 83.41 $ 81.09
Low2 $ 86.68 $ 87.30 $ 97.00 $ 90.12 $ 80.41 $ 66.83 $ 67.80 $ 69.55
1 Includes excise, value-added and similar taxes: $ 1,713 $ 1,974 $ 2,264 $ 2,134 $ 2,136 $ 2,182 $ 2,201 $ 2,072
2 Intraday price.
e company’s common stock is listed on the New York Stock Exchange (trading symbol: CVX). As of February 13, 2012, stockholders
of record numbered approximately 178,000. ere are no restrictions on the company’s ability to pay dividends.