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CONSOLIDATED STATEMENT OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues and Other Income        
Sales and other operating revenues $ 36,323 $ 40,491 $ 70,512 $ 76,459
Income from equity affiliates 1,196 1,493 2,258 3,130
Other income (loss) 1,331 252 1,280 411
Total Revenues and Other Income 38,850 42,236 74,050 80,000
Costs and Other Deductions        
Purchased crude oil and products 20,835 24,744 40,538 45,977
Operating expenses 5,187 5,213 10,073 9,914
Selling, general and administrative expenses 1,076 1,017 2,060 1,740
Exploration expenses 141 177 330 335
Depreciation, depletion and amortization 4,334 4,498 8,428 8,787
Taxes other than on income 1,047 1,363 2,108 2,707
Interest and debt expense 198 217 423 376
Other components of net periodic benefit costs 97 102 198 186
Total Costs and Other Deductions 32,915 37,331 64,158 70,022
Income Before Income Tax Expense 5,935 4,905 9,892 9,978
Income Tax Expense 1,645 1,483 2,960 2,897
Net Income 4,290 3,422 6,932 7,081
Less: Net income (loss) attributable to noncontrolling interests (15) 13 (22) 34
Net Income Attributable to Chevron Corporation $ 4,305 $ 3,409 $ 6,954 $ 7,047
Per Share of Common Stock:        
Net Income Attributable to Chevron Corporation - Basic (in dollars per share) $ 2.28 $ 1.79 $ 3.68 $ 3.71
Net Income Attributable to Chevron Corporation - Diluted (in dollars per share) $ 2.27 $ 1.78 $ 3.66 $ 3.68
Weighted Average Number of Shares Outstanding        
Basic (in shares) 1,889,265 1,900,375 1,888,637 1,898,194
Diluted (in shares) 1,902,977 1,918,949 1,901,869 1,916,099