Summarized Financial Data – Chevron Phillips Chemical Company LLC

12 Months Ended

Dec. 31, 2021

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
	2021		2020		2019
Sales and other operating revenues	$	120,380	$	67,950	$	109,314
Total costs and other deductions	114,641		72,575		116,365
Net income (loss) attributable to CUSA	6,904		(2,676)		(5,061)


	At December 31
	2021		2020
Current assets	$	20,216	$	10,555
Other assets	47,355		48,054
Current liabilities	17,824		12,403
Other liabilities	18,438		14,102
Total CUSA net equity	$	31,309	$	32,104
Memo: Total debt	$	11,693	$	7,133

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 15 Investments and Advances for a discussion of CPChem operations. Summarized financial information for 100 percent of CPChem is presented in the table below:


	Year ended December 31
	2021		2020		2019
Sales and other operating revenues	$	14,104	$	8,407	$	9,333
Costs and other deductions	10,862		7,221		7,863
Net income attributable to CPChem	3,684		1,260		1,760


	At December 31
	2021		2020
Current assets	$	3,381	$	2,816
Other assets	14,396		14,210
Current liabilities	1,854		1,394
Other liabilities	3,160		3,380
Total CPChem net equity	$	12,763	$	12,252