Chevron 2004 Annual Report Download - page 84
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Please find page 84 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.82 CHEVRONTEXACO CORPORATION 2004 ANNUAL REPORT
andchangesinestimateddiscountedfuturenetcashflows.The
AfricageographicareaincludesactivitiesprincipallyinNigeria,
Angola,Chad,RepublicofCongoandtheDemocraticRepublic
oftheCongo(soldin2004).TheAsia-Pacificgeographicarea
includesactivitiesprincipallyinAustralia,China,Kazakhstan,
thePartitionedNeutralZonebetweenKuwaitandSaudiArabia,
PapuaNewGuinea(soldin2003),thePhilippines,andThailand.
Theinternational“Other”geographiccategoryincludesactivi-
tiesintheUnitedKingdom,Canada,Denmark,theNetherlands,
Norway,TrinidadandTobago,Colombia,Venezuela,Brazil,
Argentina,andothercountries.Amountsshownforaffili-
atedcompaniesareChevronTexaco’s50percentequityshareof
TCO,anexplorationandproductionpartnershipoperatingin
theRepublicofKazakhstan,anda30percentequityshareof
Hamaca,anexplorationandproductionpartnershipoperating
inVenezuela.
Amountsinthetablesexcludethecumulativeeffect
adjustmentfortheadoptionofFAS143,“AssetRetirement
Obligations.”RefertoNote25onpage77.
Consolidated Companies
United States International
Gulf of Total Asia- Total Affiliated Companies
Millionsofdollars Calif. Mexico Other U.S. Africa Pacific Indonesia Other Int’l. Total TCO Hamaca
Exploration
Wells
Geological and
geophysical
Rentals and other
Total exploration
Property acquisitions
Proved2
Unproved
Total property
acquisitions
Development3
ARO Asset
Exploration
Wells $ – $ 415 $ 9 $ 424 $ 116 $ 43 $ 2 $ 72 $ 233 $ 657 $ – $ –
Geological and
geophysical – 16 23 39 75 9 5 30 119 158 – –
Rentals and other – 64 (20) 44 12 58 – 46 116 160 – –
Total exploration – 495 12 507 203 110 7 148 468 975 – –
Property acquisitions
Proved2 – 15 3 18 – 20 – 7 27 45 – –
Unproved – 30 3 33 51 6 – 14 71 104 – –
Total property
acquisitions – 45 6 51 51 26 – 21 98 149 – –
Development 264 434 350 1,048 974 605 363 461 2,403 3,451 551 199
$ 264 $ 974 $ 368 $ 1,606 $ 1,228 $ 741 $ 370 $ 630 $ 2,969 $ 4,575 $ 551 $ 199
Exploration
Wells $ 25 $ 413 $ 39 $ 477 $ 131 $ 32 $ 16 $ 92 $ 271 $ 748 $ – $ –
Geological and
geophysical – 86 9 95 69 30 13 53 165 260 – –
Rentals and other – 30 5 35 29 37 1 43 110 145 – –
Total exploration 25 529 53 607 229 99 30 188 546 1,153 – –
Property acquisitions
Proved2 – 96 10 106 – – – – – 106 – –
Unproved – 48 3 51 6 2 – 1 9 60 – –
Total property
acquisitions – 144 13 157 6 2 – 1 9 166 – –
Development 221 475 395 1,091 661 593 424 926 2,604 3,695 447 353
$ 246 $ 1,148 $ 461 $ 1,855 $ 896 $ 694 $ 454 $ 1,115 $ 3,159 $ 5,014 $ 447 $ 353
1 Includes costs incurred whether capitalized or expensed. Excludes general support equipment expenditures. See Note 25, FAS 143, “Asset Retirement Obligations,” on page 77.
2 Includes wells, equipment and facilities associated with proved reserves. Does not include properties acquired through property exchanges.
3 Includes $63 costs incurred prior to assignment of proved reserves.
Supplemental Information on Oil and Gas Producing Activities – Continued