Chevron 2012 Annual Report Download - page 37

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Chevron Corporation 2012 Annual Report 35
Consolidated Statement of Equity
Shares in thousands; amounts in millions of dollars
2012 2011 2010
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 $ 15,156 $ 14,796 $ 14,631
Treasury stock transactions 341 360 165
Balance at December 31 $ 15,497 $ 15,156 $ 14,796
Retained Earnings
Balance at January 1 $ 140,399 $ 119,641 $ 106,289
Net income attributable to Chevron Corporation 26,179 26,895 19,024
Cash dividends on common stock (6,844) (6,136) (5,669)
Stock dividends (3) (3) (5)
Tax (charge) benet from dividends paid on
unallocated ESOP shares and other (1) 2 2
Balance at December 31 $ 159,730 $ 140,399 $ 119,641
Accumulated Other Comprehensive Loss
Currency translation adjustment
Balance at January 1 $ (88) $ (105) $ (111)
Change during year 23 17 6
Balance at December 31 $ (65) $ (88) $ (105)
Pension and other postretirement benet plans
Balance at January 1 $ (6,056) $ (4,475) $ (4,308)
Change during year (374) (1,581) (167)
Balance at December 31 $ (6,430) $ (6,056) $ (4,475)
Unrealized net holding gain on securities
Balance at January 1 $ – $ 11 $ 15
Change during year 1 (11) (4)
Balance at December 31 $ 1 $ – $ 11
Net derivatives gain (loss) on hedge transactions
Balance at January 1 $ 122 $ 103 $ 83
Change during year 3 19 20
Balance at December 31 $ 125 $ 122 $ 103
Balance at December 31 $ (6,369) $ (6,022) $ (4,466)
Deferred Compensation and Benet Plan Trust
Deferred Compensation
Balance at January 1 $ (58) $ (71) $ (109)
Net reduction of ESOP debt and other 16 13 38
Balance at December 31 (42) (58) (71)
Benet Plan Trust (Common Stock) 14,168 (240) 14,168 (240) 14,168 (240)
Balance at December 31 14,168 $ (282) 14,168 $ (298) 14,168 $ (311)
Treasury Stock at Cost
Balance at January 1 461,510 $ (29,685) 435,196 $ (26,411) 434,955 $ (26,168)
Purchases 46,669 (5,004) 42,424 (4,262) 9,091 (775)
Issuances – mainly employee benefit plans (12,200) 805 (16,110) 988 (8,850) 532
Balance at December 31 495,979 $ (33,884) 461,510 $ (29,685) 435,196 $ (26,411)
Total Chevron Corporation Stockholders’ Equity $ 136,524 $ 121,382 $ 105,081
at December 31
Noncontrolling Interests
$ 1,308 $ 799 $ 730
Total Equity $ 137,832 $ 122,181 $ 105,811
See accompanying Notes to the Consolidated Financial Statements.