Chevron 2013 Annual Report Download - page 36

Download and view the complete annual report

Please find page 36 of the 2013 Chevron annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 88

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88

34 Chevron Corporation 2013 Annual Report
Consolidated Statement of Equity
Shares in thousands; amounts in millions of dollars
2013 2012 2011
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 $ 15,497 $ 15,156 $ 14,796
Treasury stock transactions 216 341 360
Balance at December 31 $ 15,713 $ 15,497 $ 15,156
Retained Earnings
Balance at January 1 $ 159,730 $ 140,399 $ 119,641
Net income attributable to Chevron Corporation 21,423 26,179 26,895
Cash dividends on common stock (7,474) (6,844) (6,136)
Stock dividends (3) (3) (3)
Tax (charge) benet from dividends paid on
unallocated ESOP shares and other 1 (1) 2
Balance at December 31 $ 173,677 $ 159,730 $ 140,399
Accumulated Other Comprehensive Loss
Currency translation adjustment
Balance at January 1 $ (65) $ (88) $ (105)
Change during year 42 23 17
Balance at December 31 $ (23) $ (65) $ (88)
Unrealized net holding (loss) gain on securities
Balance at January 1 $ 1 $ – $ 11
Change during year (7) 1 (11)
Balance at December 31 $ (6) $ 1 $ –
Net derivatives gain (loss) on hedge transactions
Balance at January 1 $ 125 $ 122 $ 103
Change during year (73) 3 19
Balance at December 31 $ 52 $ 125 $ 122
Pension and other postretirement benet plans
Balance at January 1 $ (6,430) $ (6,056) $ (4,475)
Change during year 2,828 (374) (1,581)
Balance at December 31 $ (3,602) $ (6,430) $ (6,056)
Balance at December 31 $ (3,579) $ (6,369) $ (6,022)
Deferred Compensation and Benet Plan Trust
Deferred Compensation
Balance at January 1 $ (42) $ (58) $ (71)
Net reduction of ESOP debt and other 42 16 13
Balance at December 31 – (42) (58)
Benet Plan Trust (Common Stock) 14,168 (240) 14,168 (240) 14,168 (240)
Balance at December 31 14,168 $ (240) 14,168 $ (282) 14,168 $ (298)
Treasury Stock at Cost
Balance at January 1 495,979 $
(33,884) 461,510 $ (29,685) 435,196 $ (26,411)
Purchases 41,676 (5,004) 46,669 (5,004) 42,424 (4,262)
Issuances – mainly employee benefit plans (8,581) 598 (12,200) 805 (16,110) 988
Balance at December 31 529,074 $ (38,290) 495,979 $ (33,884) 461,510 $ (29,685)
Total Chevron Corporation Stockholders’ Equity $ 149,113 $ 136,524 $ 121,382
at December 31
Noncontrolling Interests
$ 1,314 $ 1,308 $ 799
Total Equity $ 150,427 $ 137,832 $ 122,181
See accompanying Notes to the Consolidated Financial Statements.