Chevron 2012 Annual Report Download - page 33

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Chevron Corporation 2012 Annual Report 31
Consolidated Statement of Income
Millions of dollars, except per-share amounts
Year ended December 31
2012 2011 2010
Revenues and Other Income
Sales and other operating revenues* $ 230,590 $ 244,371 $ 198,198
Income from equity affiliates 6,889 7,363 5,637
Other income 4,430 1,972 1,093
Total Revenues and Other Income 241,909 253,706 204,928
Costs and Other Deductions
Purchased crude oil and products 140,766 149,923 116,467
Operating expenses 22,570 21,649 19,188
Selling, general and administrative expenses 4,724 4,745 4,767
Exploration expenses 1,728 1,216 1,147
Depreciation, depletion and amortization 13,413 12,911 13,063
Taxes other than on income* 12,376 15,628 18,191
Interest and debt expense – – 50
Total Costs and Other Deductions 195,577 206,072 172,873
Income Before Income Tax Expense 46,332 47,634 32,055
Income Tax Expense 19,996 20,626 12,919
Net Income 26,336 27,008 19,136
Less: Net income attributable to noncontrolling interests 157 113 112
Net Income Attributable to Chevron Corporation $ 26,179 $ 26,895 $ 19,024
Per Share of Common Stock
Net Income Attributable to Chevron Corporation
– Basic $ 13.42 $ 13.54 $ 9.53
– Diluted $ 13.32 $ 13.44 $ 9.48
*
Includes excise, value-added and similar taxes. $ 8,010 $ 8,085 $ 8,591
See accompanying Notes to the Consolidated Financial Statements.