Chevron 2011 Annual Report Download - page 37

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Chevron Corporation 2011 Annual Report 35Chevron Corporation 2011 Annual Report 35
Consolidated Statement of Equity
Shares in thousands; amounts in millions of dollars
2011 2010 2009
Shares Amount Shares Amount Shares Amount
Preferred Stock – $ – – $ – – $ –
Common Stock 2,442,677 $ 1,832 2,442,677 $ 1,832 2,442,677 $ 1,832
Capital in Excess of Par
Balance at January 1 $ 14,796 $ 14,631 $ 14,448
Treasury stock transactions 360 165 183
Balance at December 31 $ 15,156 $ 14,796 $ 14,631
Retained Earnings
Balance at January 1 $ 119,641 $ 106,289 $ 101,102
Net income attributable to Chevron Corporation 26,895 19,024 10,483
Cash dividends on common stock (6,139) (5,674) (5,302)
Tax benet from dividends paid on
unallocated ESOP shares and other 2 2 6
Balance at December 31 $ 140,399 $ 119,641 $ 106,289
Accumulated Other Comprehensive Loss
Currency translation adjustment
Balance at January 1 $ (105) $ (111) $ (171)
Change during year 17 6 60
Balance at December 31 $ (88) $ (105) $ (111)
Pension and other postretirement benet plans
Balance at January 1 $ (4,475) $ (4,308) $ (3,909)
Change during year (1,581) (167) (399)
Balance at December 31 $ (6,056) $ (4,475) $ (4,308)
Unrealized net holding gain on securities
Balance at January 1 $ 11 $ 15 $ 13
Change during year (11) (4) 2
Balance at December 31 $ – $ 11 $ 15
Net derivatives gain (loss) on hedge transactions
Balance at January 1 $ 103 $ 83 $ 143
Change during year 19 20 (60)
Balance at December 31 $ 122 $ 103 $ 83
Balance at December 31 $ (6,022) $ (4,466) $ (4,321)
Deferred Compensation and Benet Plan Trust
Deferred Compensation
Balance at January 1 $ (71) $ (109) $ (194)
Net reduction of ESOP debt and other 13 38 85
Balance at December 31 (58) (71) (109)
Benet Plan Trust (Common Stock) 14,168 (240) 14,168 (240) 14,168 (240)
Balance at December 31 14,168 $ (298) 14,168 $ (311) 14,168 $ (349)
Treasury Stock at Cost
Balance at January 1 435,196 $ (26,411) 434,955 $ (26,168) 438,445 $ (26,376)
Purchases 42,424 (4,262) 9,091 (775) 85 (6)
Issuances – mainly employee benefit plans (16,110) 988 (8,850) 532 (3,575) 214
Balance at December 31 461,510 $ (29,685) 435,196 $ (26,411) 434,955 $ (26,168)
Total Chevron Corporation Stockholders’ Equity $ 121,382 $ 105,081 $ 91,914
at December 31
Noncontrolling Interests
$ 799 $ 730 $ 647
Total Equity $ 122,181 $ 105,811 $ 92,561
See accompanying Notes to the Consolidated Financial Statements.