Chevron Corporation – Revenue Analysis

The company recorded total revenues of $220,904 million in the financial year ended December 2007(FY2007), an increase of 5.1% over the financial year ended December 2006 (FY2006); while it recorded sales and other operating revenues of $214,091 million in the FY2007, an increase of 4.5% over FY2006.

For the FY2007, the US, the company’s largest geographic market, accounted for 50.7% of the total revenues.

Chevron Corporation (Chevron) generates sales and other operating revenues through four business divisions: downstream (72.2% of the sales and operating revenues before eliminations of intersegment revenues in the FY2007), upstream (26.3%), chemicals (0.8%), and all other (0.7%).

Revenues by Division

In the FY2007, the downstream division recorded revenues of $178,274 million, an increase of 4.4% over FY2006.

The upstream division recorded revenues of $65,221 million in the FY2007, an increase of 9% over FY2006.

The chemicals division recorded revenues of $1,959 million in the FY2007, an increase of 8.9% over FY2006.

The all other division recorded revenues of $1,606 million in the FY2007, an increase of 23.2% over FY2006.

Revenues by Geography

The US, Chevron’s largest geographical market, accounted for 43.9% of the sales and operating revenues before eliminations in the FY2007. Revenues from the US reached $108,482 million in FY2007, an increase of 3.6% over FY2006.

Other international countries accounted for 56.1% of the sales and operating revenues before eliminations in the FY2007. Revenues from other international countries reached $138,578 million in FY2007, an increase of 7.5% over FY2006.