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Chevron Corp. (CVX) | Income Statement

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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

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  12 months ended Dec 31, 2011 Dec 31, 2010 Dec 31, 2009 Dec 31, 2008 Dec 31, 2007
chart Sales and other operating revenues
chart Income from equity affiliates
chart Other income
chart Revenues and other income
chart Purchased crude oil and products
chart Operating expenses
chart Selling, general and administrative expenses
chart Exploration expenses
chart Depreciation, depletion and amortization
chart Excise and similar taxes on products and merchandise
chart Import duties and other levies
chart Property and other miscellaneous taxes
chart Payroll taxes
chart Taxes on production
chart Taxes other than on income
chart Income before interest and income tax expense
chart Interest and debt expense
chart Income before income tax expense
chart Income tax expense
chart Net income
chart Net income attributable to noncontrolling interests
chart Net income attributable to Chevron Corporation
Source: Chevron Corp., Annual Reports
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 increased from 2009 to 2010 and from 2010 to 2011.
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 increased from 2009 to 2010 and from 2010 to 2011.
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 increased from 2009 to 2010 and from 2010 to 2011.
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 increased from 2009 to 2010 and from 2010 to 2011.
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 increased from 2009 to 2010 and from 2010 to 2011.

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