Chevron 2014 Annual Report Download - page 6

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Millions of dollars, except per-share amounts 2014 201 3 % Change
Net income attributable to Chevron Corporation $ 19,241 $ 21,423 (10.2) %
Sales and other operating revenues $ 200,494 $ 220,156 (8.9) %
Noncontrolling interests income $ 69 $ 174 (60.3) %
Interest expense (after tax) $ — $ — 0.0 %
Capital and exploratory expenditures* $ 40,316 $ 41,877 (3.7) %
Total assets at year-end $ 266,026 $ 253,753 4.8 %
Total debt and capital lease obligations at year-end $ 27,818 $ 20,431 36.2 %
Noncontrolling interests $ 1,163 $ 1,314 (11.5) %
Chevron Corporation stockholders’ equity at year-end $ 155,028 $ 149,113 4.0 %
Cash provided by operating activities $ 31,475 $ 35,002 (10.1) %
Common shares outstanding at year-end (Thousands) 1,865,481 1,899,435 (1.8) %
Per-share data
Net income attributable to Chevron Corporation — diluted $ 10.14 $ 11.09 (8.6) %
Cash dividends $ 4.21 $ 3.90 7.9 %
Chevron Corporation stockholders’ equity $ 83.10 $ 78.50 5.9 %
Common stock price at year-end $ 112.18 $ 124.91 (10.2) %
Total debt to total debt-plus-equity ratio 15.2% 12.1%
Return on average Chevron Corporation stockholders’ equity 12.7% 15.0%
Return on capital employed (ROCE) 10.9% 13.5%
Chevron Financial Highlights
*Includes equity in affiliates
0.0
30.0
20.0
15.0
5.0
10.0
25.0
Net Income Attributable
to Chevron Corporation
Billions of dollars
The decrease in 2014 was due to
lower earnings in upstream as a
result of lower crude oil margins
and higher depreciation expense,
partially offset by higher earnings
in downstream and higher gains
on asset sales.
10 12 13 14
$19.2
11
0.00
5.00
4.00
3.00
1.00
2.00
Annual Cash Dividends
Dollars per share
The company’s annual dividend
increased for the 27th
consecutive year.
11
10 12 13 14
$4.21
0
150
120
90
60
30
Chevron Year-End
Common Stock Price
Dollars per share
The company’s stock price
declined 10.2 percent in 2014.
1110 12 13 14
$112.18
0
25
20
15
10
5
Return on Capital Employed
Percent
Chevron’s return on capital
employed declined to 10.9 percent
on lower earnings and higher
capital employed.
1110 12 13 14
10.9%
4 Chevron Corporation 2014 Annual Report