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Summarized Financial Data – Chevron Phillips Chemical Company LLC | 12 Months Ended
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Dec. 31, 2020
Summarized Financial Data of Subsidiary Two [Abstract] |
Summarized Financial Data – Chevron Phillips Chemical Company LLC | 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 the refining, marketing, 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:
| Year ended December 31
| 2020 |  |  | 2019 |  | 2018
Sales and other operating revenues | $ | 67,950 |  |  |  | $ | 109,314 |  |  | $ | 125,076 |
Total costs and other deductions | 72,575 |  |  |  | 116,365 |  |  | 121,351 |
Net income (loss) attributable to CUSA | (2,676) |  |  |  | (5,061) |  |  | 4,334 |
| At December 31
| 2020 |  |  | 2019
Current assets | $ | 10,555 |  |  |  | $ | 13,059 |
Other assets | 48,054 |  |  |  | 50,796 |
Current liabilities | 12,403 |  |  |  | 18,291 |
Other liabilities | 14,102 |  |  |  | 12,565 |
Total CUSA net equity | $ | 32,104 |  |  |  | $ | 32,999 |
Memo: Total debt | $ | 7,133 |  |  |  | $ | 3,222 |
Summarized Financial Data – Chevron Phillips Chemical Company LLC Chevron has a 50 percent equity ownership interest in Chevron Phillips Chemical Company LLC (CPChem). Refer to Note 13, on page 77, for a discussion of CPChem operations. Summarized financial information for 100 percent of CPChem is presented in the table below:
| Year ended December 31
| 2020 |  | 2019 |  | 2018
Sales and other operating revenues | $ | 8,407 |  |  | $ | 9,333 |  |  | $ | 11,310 |
Costs and other deductions | 7,221 |  |  | 7,863 |  |  | 9,812 |
Net income attributable to CPChem | 1,260 |  |  | 1,760 |  |  | 2,069 |
| At December 31
| 2020 |  | 2019
Current assets | $ | 2,816 |  |  | $ | 2,554 |
Other assets | 14,210 |  |  | 14,314 |
Current liabilities | 1,394 |  |  | 1,247 |
Other liabilities | 3,380 |  |  | 3,174 |
Total CPChem net equity | $ | 12,252 |  |  | $ | 12,447 |

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