Chevron 2004 Annual Report Download - page 51
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Please find page 51 of the 2004 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. CHEVRONTEXACO CORPORATION 2004 ANNUAL REPORT 49
Year ended December 31
2003 2002
Sales and other operating revenues1,2 $ 119,575 $ 98,340
Income (loss) from equity affiliates 1,029 (25)
Other income 308 222
Gain from exchange of Dynegy preferred stock 365 –
121,277 98,537
Purchased crude oil and products2 71,310 57,051
Operating expenses 8,500 7,795
Selling, general and administrative expenses 4,440 4,155
Exploration expenses 570 591
Depreciation, depletion and amortization 5,326 5,169
Taxes other than on income1 17,901 16,682
Interest and debt expense 474 565
Minority interests 80 57
Write-down of investments in Dynegy Inc. – 1,796
Merger-related expenses – 576
108,601 94,437
12,676 4,100
5,294 2,998
7,382 1,102
44 30
$ 7,426 $ 1,132
Cumulative effect of changes in accounting principles (196) –
$ 7,230 $ 1,132
$ 3.55 $ 0.52
$ 3.55 $ 0.52
$ 0.02 $ 0.01
$ 0.02 $ 0.01
$ (0.09) $ –
$ (0.09) $ –
$ 3.48 $ 0.53
$ 3.48 $ 0.53
1 Includes consumer excise taxes: $ 7,095 $ 7,006
2 Includes amounts in revenues for buy/sell contracts (associated costs are in “Purchased crude oil and products”)
See Note 16 on page 65: $ 14,246 $ 7,963
3
All periods reflect a two-for-one stock split effected as a 100 percent stock dividend in September 2004.
See accompanying Notes to the Consolidated Financial Statements.
Consolidated Statement of Income
Millionsofdollars,exceptper-shareamounts