Summarized Financial Data — Chevron U.S.A. Inc.

Chevron U.S.A. Inc. (CUSA) is a major subsidiary of Chevron Corporation. CUSA and its subsidiaries manage and operate most of Chevron’s U.S. businesses. Assets include those related to the exploration and production of crude oil, natural gas and natural gas liquids and those associated with refining, marketing, and supply and distribution of products derived from petroleum, excluding most of the regulated pipeline operations of Chevron. CUSA also holds the company’s investment in the Chevron Phillips Chemical Company LLC joint venture, which is accounted for using the equity method.

The summarized financial information for CUSA and its consolidated subsidiaries is as follows:



	Three Months Ended March 31
	2018		2017
	(Millions of dollars)
Sales and other operating revenues^*	$	28,058	$	24,408
Costs and other deductions^*	27,596		24,099
Net income attributable to CUSA	697		421
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^* 2017 includes excise, value-added and similar taxes collected on behalf of third parties of $1,207 million. Beginning in 2018, these taxes are netted in "Taxes other than on income" in accordance with ASU 2014-09.



	At March 31 2018		At December 31 2017
	(Millions of dollars)
Current assets	$	13,406	$	12,163
Other assets	55,482		54,994
Current liabilities	17,606		17,379
Other liabilities	12,623		12,541
Total CUSA net equity	$	38,659	$	37,237
Memo: Total debt	$	3,050	$	3,056