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30 Chevron Corporation 2013 Annual Report
Consolidated Statement of Income
Millions of dollars, except per-share amounts
Year ended December 31
2013 2012 2011
Revenues and Other Income
Sales and other operating revenues* $ 220,156 $ 230,590 $ 244,371
Income from equity affiliates 7,527 6,889 7,363
Other income 1,165 4,430 1,972
Total Revenues and Other Income 228,848 241,909 253,706
Costs and Other Deductions
Purchased crude oil and products 134,696 140,766 149,923
Operating expenses 24,627 22,570 21,649
Selling, general and administrative expenses 4,510 4,724 4,745
Exploration expenses 1,861 1,728 1,216
Depreciation, depletion and amortization 14,186 13,413 12,911
Taxes other than on income* 13,063 12,376 15,628
Total Costs and Other Deductions 192,943 195,577 206,072
Income Before Income Tax Expense 35,905 46,332 47,634
Income Tax Expense 14,308 19,996 20,626
Net Income 21,597 26,336 27,008
Less: Net income attributable to noncontrolling interests 174 157 113
Net Income Attributable to Chevron Corporation $ 21,423 $ 26,179 $ 26,895
Per Share of Common Stock
Net Income Attributable to Chevron Corporation
 Basic $ 11.18 $ 13.42 $ 13.54
 Diluted $ 11.09 $ 13.32 $ 13.44
*
Includes excise, value-added and similar taxes. $ 8,492 $ 8,010 $ 8,085
See accompanying Notes to the Consolidated Financial Statements.