Chevron 2011 Annual Report Download - page 33

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Chevron Corporation 2011 Annual Report 31Chevron Corporation 2011 Annual Report 31
Consolidated Statement of Income
Millions of dollars, except per-share amounts
Year ended December 31
2011 2010 2009
Revenues and Other Income
Sales and other operating revenues* $ 244,371 $ 198,198 $ 167,402
Income from equity affiliates 7,363 5,637 3,316
Other income 1,972 1,093 918
Total Revenues and Other Income 253,706 204,928 171,636
Costs and Other Deductions
Purchased crude oil and products 149,923 116,467 99,653
Operating expenses 21,649 19,188 17,857
Selling, general and administrative expenses 4,745 4,767 4,527
Exploration expenses 1,216 1,147 1,342
Depreciation, depletion and amortization 12,911 13,063 12,110
Taxes other than on income* 15,628 18,191 17,591
Interest and debt expense – 50 28
Total Costs and Other Deductions 206,072 172,873 153,108
Income Before Income Tax Expense 47,634 32,055 18,528
Income Tax Expense 20,626 12,919 7,965
Net Income 27,008 19,136 10,563
Less: Net income attributable to noncontrolling interests 113 112 80
Net Income Attributable to Chevron Corporation $ 26,895 $ 19,024 $ 10,483
Per Share of Common Stock
Net Income Attributable to Chevron Corporation
– Basic $ 13.54 $ 9.53 $ 5.26
– Diluted $ 13.44 $ 9.48 $ 5.24
*
Includes excise, value-added and similar taxes. $ 8,085 $ 8,591 $ 8,109
See accompanying Notes to the Consolidated Financial Statements.