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The income statement presents information on the financial results of a company's business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.
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Chevron Corp., Consolidated Income Statement
USD $ in millions
| Item | Description | The company |
|---|---|---|
| Sales and other operating revenues | Aggregate revenue recognized during the period (derived from goods sold, services rendered, insurance premiums, or other activities that constitute an entity's earning process). For financial services companies, also includes investment and interest income, and sales and trading gains. | Chevron Corp.'s sales and other operating revenues declined from 2008 to 2009 but then slightly increased from 2009 to 2010. |
| Income before interest and income tax expense | The net result for the period of deducting operating expenses from operating revenues. | Chevron Corp.'s income before interest and income tax expense declined from 2008 to 2009 but then increased from 2009 to 2010 not reaching 2008 level. |
| Income before income tax expense | Sum of operating profit and nonoperating income (expense) before income (loss) from equity method investments, income taxes, extraordinary items, cumulative effects of changes in accounting principles, and noncontrolling interest. | Chevron Corp.'s income before income tax expense declined from 2008 to 2009 but then increased from 2009 to 2010 not reaching 2008 level. |
| Net income | The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. | Chevron Corp.'s net income declined from 2008 to 2009 but then increased from 2009 to 2010 not reaching 2008 level. |
| Net income attributable to Chevron Corporation | The portion of consolidated profit or loss for the period, net of income taxes, which is attributable to the parent. If the entity does not present consolidated financial statements, the amount of profit or loss for the period, net of income taxes. | Chevron Corp.'s net income attributable to Chevron Corporation declined from 2008 to 2009 but then increased from 2009 to 2010 not reaching 2008 level. |
February 8, 2012
