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<div align="left" style="font-family: 'Times New Roman',Times,serif">   <div align="left"> </div> <div align="left" style="font-size: 8pt; padding: 10px; font-family: Helvetica,Arial,sans-serif; color: #0077c0"> <font style="margin-top: 10pt"><font style="font-size:9pt"><font color="#000000"><b></b></font></font> <font style="color: #000000; font-size: 8pt"></font> </font> </div> <div> <div align="left"> </div> <div align="left" style="font-size: 12pt; font-family: Helvetica,Arial,sans-serif; color: #0077c0; margin-top: 20pt"><b>Note 1</b> </div> <div align="left" style="font-size: 8pt; margin-top: 0pt; font-family: Helvetica,Arial,sans-serif; color: #0077c0">Summary of Significant Accounting Policies </div> <div align="left" style="font-size: 10pt; margin-top: 0pt"><font color="#e51837"><i>General </i></font>Upstream operations consist primarily of exploring for, developing and producing crude oil and natural gas; liquefaction, transportation and regasification associated with liquefied natural gas (LNG); transporting crude oil by major international oil export pipelines; processing, transporting, storage and marketing of natural gas; and a gas-to-liquids project. Downstream operations relate primarily to refining crude oil into petroleum products; marketing of crude oil and refined products; transporting crude oil and refined products by pipeline, marine vessel, motor equipment and rail car; and manufacturing and marketing of commodity petrochemicals, plastics for industrial uses, and additives for fuels and lubricant oils. </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">     The company’s Consolidated Financial Statements are prepared in accordance with accounting principles generally accepted in the United States of America. These require the use of estimates and assumptions that affect the assets, liabilities, revenues and expenses reported in the financial statements, as well as amounts included in the notes thereto, including discussion and disclosure of contingent liabilities. Although the company uses its best estimates and judgments, actual results could differ from these estimates as future confirming events occur. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt"><font color="#e51837"><i>Subsidiary and Affiliated Companies </i></font>The Consolidated Financial Statements include the accounts of controlled subsidiary companies more than 50 percent-owned and any variable-interest entities in which the company is the primary beneficiary. Undivided interests in oil and gas joint ventures and certain other assets are consolidated on a proportionate basis. Investments in and advances to affiliates in which the company has a substantial ownership interest of approximately 20 percent to 50 percent, or for which the company exercises significant influence but not control over policy decisions, are accounted for by the equity method. As part of that accounting, the company recognizes gains and losses that arise from the issuance of stock by an affiliate that results in changes in the company’s proportionate share of the dollar amount of the affiliate’s equity currently in income. </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">     Investments are assessed for possible impairment when events indicate that the fair value of the investment may be below the company’s carrying value. When such a condition is deemed to be other than temporary, the carrying value of the investment is written down to its fair value, and the amount of the write-down is included in net income. In making the determination as to whether a decline is other than temporary, the company considers such factors as the duration and extent of the decline, the investee’s financial performance, and the company’s ability and intention to retain its investment for a period that will be sufficient to allow for any anticipated recovery in the investment’s market value. The new cost basis of investments in these equity investees is not changed for subsequent recoveries in fair value. </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">      Differences between the company’s carrying value of an equity investment and its underlying equity in the net assets of the affiliate are assigned to the extent practicable to specific assets and liabilities based on the company’s analysis of the various factors giving rise to the difference. When appropriate, the company’s share of the affiliate’s reported earnings is adjusted quarterly to reflect the difference between these allocated values and the affiliate’s historical book values. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt"><font color="#e51837"><i>Derivatives </i></font>The majority of the company’s activity in derivative commodity instruments is intended to manage the financial risk posed by physical transactions. For some of this derivative activity, generally limited to large, discrete or infrequently occurring transactions, the company may elect to apply fair value or cash flow hedge accounting. For other similar derivative instruments, generally because of the short-term nature of the contracts or their limited use, the company does not apply hedge accounting, and changes in the fair value of those contracts are reflected in current income. For the company’s commodity trading activity, gains and losses from derivative instruments are reported in current income. The company may enter into interest rate swaps from time to time as part of its overall strategy to manage the interest rate risk on its debt. Interest rate swaps related to a portion of the company’s fixed-rate debt, if any, may be accounted for as fair value hedges. Interest rate swaps related to floating-rate debt, if any, are recorded at fair value on the balance sheet with resulting gains and losses reflected in income. Where Chevron is a party to master netting arrangements, fair value receivable and payable amounts recognized for derivative instruments executed with the same counterparty are generally offset on the balance sheet. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt"><font color="#e51837"><i>Short-Term Investments </i></font>All short-term investments are classified as available for sale and are in highly liquid debt securities. Those investments that are part of the company’s cash management portfolio and have original maturities of three months or less are reported as “Cash equivalents.” Bank time deposits with maturities greater than 90 days are reported as “Time deposits.” The balance of short-term investments is reported as “Marketable securities” and is marked-to-market, with any unrealized gains or losses included in “Other comprehensive income.” </div> <div align="left" style="font-size: 10pt; margin-top: 6pt"><font color="#e51837"><i>Inventories </i></font>Crude oil, petroleum products and chemicals inventories are generally stated at cost, using a last-in, first-out method. In the aggregate, these costs are below market. “Materials, supplies and other” inventories generally are stated at average cost. </div> </div> <div> <div align="left" style="font-size: 10pt; margin-top: 6pt"><font color="#e51837"><i>Properties, Plant and Equipment </i></font>The successful efforts method is used for crude oil and natural gas exploration and production activities. All costs for development wells, related plant and equipment, proved mineral interests in crude oil and natural gas properties, and related asset retirement obligation (ARO) assets are capitalized. Costs of exploratory wells are capitalized pending determination of whether the wells found proved reserves. Costs of wells that are assigned proved reserves remain capitalized. Costs also are capitalized for exploratory wells that have found crude oil and natural gas reserves even if the reserves cannot be classified as proved when the drilling is completed, provided the exploratory well has found a sufficient quantity of reserves to justify its completion as a producing well and the company is making sufficient progress assessing the reserves and the economic and operating viability of the project. All other exploratory wells and costs are expensed. Refer to Note 19, beginning on page FS-47, for additional discussion of accounting for suspended exploratory well costs. </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">     Long-lived assets to be held and used, including proved crude oil and natural gas properties, are assessed for possible impairment by comparing their carrying values with their associated undiscounted, future net before-tax cash flows. Events that can trigger assessments for possible impairments include write-downs of proved reserves based on field performance, significant decreases in the market value of an asset, significant change in the extent or manner of use of or a physical change in an asset, and a more-likely-than-not expectation that a long-lived asset or asset group will be sold or otherwise disposed of significantly sooner than the end of its previously estimated useful life. Impaired assets are written down to their estimated fair values, generally their discounted future net before-tax cash flows. For proved crude oil and natural gas properties in the United States, the company generally performs the impairment review on an individual field basis. Outside the United States, reviews are performed on a country, concession, development area or field basis, as appropriate. In Downstream, impairment reviews are performed on the basis of a refinery, a plant, a marketing/lubricants area or distribution area, as appropriate. Impairment amounts are recorded as incremental “Depreciation, depletion and amortization” expense. </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">     Long-lived assets that are held for sale are evaluated for possible impairment by comparing the carrying value of the asset with its fair value less the cost to sell. If the net book value exceeds the fair value less cost to sell, the asset is considered impaired and adjusted to the lower value. Refer to Note 9, beginning on page FS-34, relating to fair value measurements. </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">     The fair value of a liability for an ARO is recorded as an asset and a liability when there is a legal obligation associated with the retirement of a long-lived asset and the amount can be reasonably estimated. Refer also to Note 25, on page FS-58, relating to AROs. </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">     Depreciation and depletion of all capitalized costs of proved crude oil and natural gas producing properties, except mineral interests, are expensed using the unit-of-production method, generally by individual field, as the proved developed reserves are produced. Depletion expenses for capitalized costs of proved mineral interests are recognized using the unit-of-production method by individual field as the related proved reserves are produced. Periodic valuation provisions for impairment of capitalized costs of unproved mineral interests are expensed. </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">     The capitalized costs of all other plant and equipment are depreciated or amortized over their estimated useful lives. In general, the declining-balance method is used to depreciate plant and equipment in the United States; the straight-line method is generally used to depreciate international plant and equipment and to amortize all capitalized leased assets. </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">     Gains or losses are not recognized for normal retirements of properties, plant and equipment subject to composite group amortization or depreciation. Gains or losses from abnormal retirements are recorded as expenses, and from sales as “Other income.” </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">     Expenditures for maintenance (including those for planned major maintenance projects), repairs and minor renewals to maintain facilities in operating condition are generally expensed as incurred. Major replacements and renewals are capitalized. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt"><font color="#e51837"><i>Goodwill </i></font>Goodwill resulting from a business combination is not subject to amortization. As required by accounting standards for goodwill (ASC 350), the company tests such goodwill at the reporting unit level for impairment on an annual basis and between annual tests if an event occurs or circumstances change that would more likely than not reduce the fair value of the reporting unit below its carrying amount. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt"><font color="#e51837"><i>Environmental Expenditures </i></font>Environmental expenditures that relate to ongoing operations or to conditions caused by past operations are expensed. Expenditures that create future benefits or contribute to future revenue generation are capitalized. </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">     Liabilities related to future remediation costs are recorded when environmental assessments or cleanups or both are probable and the costs can be reasonably estimated. For the company’s U.S. and Canadian marketing facilities, the accrual is based in part on the probability that a future remediation commitment will be required. For crude oil, natural gas and mineral-producing properties, a liability for an ARO is made in accordance with accounting standards for asset retirement and environmental obligations. Refer to Note 25, on page FS-58, for a discussion of the company’s AROs. </div> </div> <div> <div align="left" style="font-size: 10pt; margin-top: 6pt">     For federal Superfund sites and analogous sites under state laws, the company records a liability for its designated share of the probable and estimable costs and probable amounts for other potentially responsible parties when mandated by the regulatory agencies because the other parties are not able to pay their respective shares. </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">     The gross amount of environmental liabilities is based on the company’s best estimate of future costs using currently available technology and applying current regulations and the company’s own internal environmental policies. Future amounts are not discounted. Recoveries or reimbursements are recorded as assets when receipt is reasonably assured. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt"><font color="#e51837"><i>Currency Translation </i></font>The U.S. dollar is the functional currency for substantially all of the company’s consolidated operations and those of its equity affiliates. For those operations, all gains and losses from currency remeasurement are included in current period income. The cumulative translation effects for those few entities, both consolidated and affiliated, using functional currencies other than the U.S. dollar are included in “Currency translation adjustment” on the Consolidated Statement of Equity. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt"><font color="#e51837"><i>Revenue Recognition </i></font>Revenues associated with sales of crude oil, natural gas, coal, petroleum and chemicals products, and all other sources are recorded when title passes to the customer, net of royalties, discounts and allowances, as applicable. Revenues from natural gas production from properties in which Chevron has an interest with other producers are generally recognized on the entitlement method. Excise, value-added and similar taxes assessed by a governmental authority on a revenue-producing transaction between a seller and a customer are presented on a gross basis. The associated amounts are shown as a footnote to the Consolidated Statement of Income, on page FS-23. Purchases and sales of inventory with the same counterparty that are entered into in contemplation of one another (including buy/sell arrangements) are combined and recorded on a net basis and reported in “Purchased crude oil and products” on the Consolidated Statement of Income. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt"><font color="#e51837"><i>Stock Options and Other Share-Based Compensation </i></font>The company issues stock options and other share-based compensation to its employees and accounts for these transactions under the accounting standards for share-based compensation (ASC 718). For equity awards, such as stock options, total compensation cost is based on the grant date fair value, and for liability awards, such as stock appreciation rights, total compensation cost is based on the settlement value. The company recognizes stock-based compensation expense for all awards over the service period required to earn the award, which is the shorter of the vesting period or the time period an employee becomes eligible to retain the award at retirement. Stock options and stock appreciation rights granted under the company’s Long-Term Incentive Plan have graded vesting provisions by which one-third of each award vests on the first, second and third anniversaries of the date of grant. The company amortizes these graded awards on a straight-line basis. </div> <div align="left"> </div> </div> </div>

<div align="left" style="font-family: 'Times New Roman',Times,serif"> <div> <div align="left" style="font-size: 12pt; font-family: Helvetica,Arial,sans-serif; color: #0077c0; margin-top: 10pt"><b>Note 2</b> </div> <div align="left" style="font-size: 8pt; margin-top: 0pt; font-family: Helvetica,Arial,sans-serif; color: #0077c0">Acquisition of Atlas Energy, Inc. </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">On February 17, 2011, the company acquired Atlas Energy, Inc. (Atlas), which held one of the premier acreage positions in the Marcellus Shale, concentrated in southwestern Pennsylvania. The aggregate purchase price of Atlas was approximately $4,500, which included $3,009 cash for all the common shares of Atlas, a $403 cash advance to facilitate Atlas’ purchase of a 49 percent interest in Laurel Mountain Midstream LLC and about $1,100 of assumed debt. Subsequent to the close of the transaction, the company paid off the assumed debt and made payments of $184 in connection with Atlas equity awards. As part of the acquisition, Chevron assumed the terms of a carry arrangement whereby Reliance Marcellus, LLC, funds 75 percent of Chevron’s drilling costs, up to $1,300. </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">     The acquisition was accounted for as a business combination (ASC 805) which, among other things, requires assets acquired and liabilities assumed to be measured at their acquisition date fair values. Provisional fair value measurements were made in first quarter 2011 for acquired assets and assumed liabilities, and the measurement process was finalized in fourth quarter 2011. </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">     Proforma financial information is not presented as it would not be materially different from the information presented in the Consolidated Statement of Income. </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">     The following table summarizes the measurement of the assets acquired and liabilities assumed: </div> <div align="center"> <table style="font-size: 8pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="88%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td nowrap="nowrap" align="left"><i>Millions of Dollars</i></td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">At February 17, 2011</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="4" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Current assets </div></td> <td> </td> <td align="right">$</td> <td align="right">155</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Investments and long-term receivables </div></td> <td> </td> <td> </td> <td align="right">456</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Properties </div></td> <td> </td> <td> </td> <td align="right">6,051</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Goodwill </div></td> <td> </td> <td> </td> <td align="right">27</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Other assets </div></td> <td> </td> <td> </td> <td align="right">5</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="4" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Total assets acquired </div></td> <td> </td> <td> </td> <td align="right">6,694</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="4" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Current liabilities </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(560</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Long-term debt and capital leases </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(761</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Deferred income taxes </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(1,915</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Other liabilities </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(25</td> <td nowrap="nowrap">)</td> </tr> <tr style="font-size: 1px"> <td colspan="4" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Total liabilities assumed </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(3,261</td> <td nowrap="nowrap">)</td> </tr> <tr style="font-size: 1px"> <td colspan="4" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Net assets acquired </div></td> <td> </td> <td align="right">$</td> <td align="right">3,433</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="4" align="left" style="border-top: 3px solid #0077c0"> </td> <td> </td> </tr>  </table> </div> </div> <div> <div align="left" style="font-size: 10pt; margin-top: 6pt">     Properties were measured primarily using an income approach. The fair values of the acquired oil and gas properties were based on significant inputs not observable in the market and thus represent Level 3 measurements. Refer to Note 9, beginning on page FS-34 for a definition of fair value hierarchy levels. Significant inputs included estimated resource volumes, assumed future production profiles, estimated future commodity prices, a discount rate of 8 percent, and assumptions on the timing and amount of future operating and development costs. All the properties are in the United States and are included in the Upstream segment. </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">     The acquisition date fair value of the consideration transferred was $3,400 in cash. The $27 of goodwill was assigned to the Upstream segment and represents the amount of the consideration transferred in excess of the values assigned to the individual assets acquired and liabilities assumed. Goodwill represents the future economic benefits arising from other assets acquired that could not be individually identified and separately recognized. None of the goodwill is deductible for tax purposes. Goodwill recorded in the acquisition is not subject to amortization, but will be tested periodically for impairment as required by the applicable accounting standard (ASC 350). </div> <div align="left"> </div> </div> </div>

<div align="left" style="font-family: 'Times New Roman',Times,serif"> <div> <div align="left" style="font-size: 12pt; font-family: Helvetica,Arial,sans-serif; color: #0077c0; margin-top: 10pt"><b>Note 3</b> </div> <div align="left" style="font-size: 8pt; margin-top: 0pt; font-family: Helvetica,Arial,sans-serif; color: #0077c0">Noncontrolling Interests </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">The company adopted the accounting standard for noncontrolling interests (ASC 810) in the consolidated financial statements effective January 1, 2009, and retroactive to the earliest period presented. Ownership interests in the company’s subsidiaries held by parties other than the parent are presented separately from the parent’s equity on the Consolidated Balance Sheet. The amount of consolidated net income attributable to the parent and the noncontrolling interests are both presented on the face of the Consolidated Statement of Income. The term “earnings” is defined as “Net Income Attributable to Chevron Corporation.” </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">     Activity for the equity attributable to noncontrolling interests for 2011, 2010 and 2009 is as follows: </div> <div align="center"> <table style="font-size: 8pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="65%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2011</b></td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2010</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2009</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Balance at January 1 </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>730</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left">$</td> <td align="right">647</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">469</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Net income </div></td> <td> </td> <td> </td> <td align="right"><b>113</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">112</td> <td> </td> <td> </td> <td> </td> <td align="right">80</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Distributions to noncontrolling interests </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(71</b></td> <td nowrap="nowrap"><b>)</b></td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(72</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(71</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Other changes, net </div></td> <td> </td> <td> </td> <td align="right"><b>27</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">43</td> <td> </td> <td> </td> <td> </td> <td align="right">169</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="7" align="left" style="border-top: 1px solid #0077c0"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Balance at December 31 </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>799</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left">$</td> <td align="right">730</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">647</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-bottom: 3px solid #0077c0"> </td> <td colspan="7" align="left" style="border-bottom: 3px solid #0077c0"> </td> </tr>  </table> </div> </div> <div> <div align="left"> </div> </div> </div>

<div align="left" style="font-family: 'Times New Roman',Times,serif"> <div> <div align="left" style="font-size: 12pt; font-family: Helvetica,Arial,sans-serif; color: #0077c0; margin-top: 10pt"><b>Note 4</b> </div> <div align="left" style="font-size: 8pt; margin-top: 0pt; font-family: Helvetica,Arial,sans-serif; color: #0077c0">Information Relating to the Consolidated Statement of Cash Flows </div> <div align="center"> <table style="font-size: 8pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="65%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%">   </td> <td width="2%"> </td> <td width="2%">   </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%">   </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="11" style="border-bottom: 1px solid #0077c0">Year ended December 31</td> <td> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2011</b></td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2010</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2009</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Net decrease (increase) in operating <br /> working capital was composed of the <br /> following: </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Increase in accounts and <br /> notes receivable </div></td> <td> </td> <td nowrap="nowrap" align="left"><b>$</b></td> <td align="right"><b>(2,156</b></td> <td nowrap="nowrap"><b>)</b></td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(2,767</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(1,476</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">(Increase) decrease in inventories </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(404</b></td> <td nowrap="nowrap"><b>)</b></td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">15</td> <td> </td> <td> </td> <td> </td> <td align="right">1,213</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Increase in prepaid expenses and <br /> other current assets </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(853</b></td> <td nowrap="nowrap"><b>)</b></td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(542</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(264</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Increase (decrease) in accounts <br /> payable and accrued liabilities </div></td> <td> </td> <td> </td> <td align="right"><b>3,839</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">3,049</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(1,121</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Increase (decrease) in income and <br /> other taxes payable </div></td> <td> </td> <td> </td> <td align="right"><b>1,892</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">321</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(653</td> <td nowrap="nowrap">)</td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Net decrease (increase) in operating <br /> working capital </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>2,318</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left">$</td> <td align="right">76</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(2,301</td> <td nowrap="nowrap">)</td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 3px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 3px solid #0077c0"> </td> <td align="left" style="border-top: 3px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 3px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Net cash provided by operating <br /> activities includes the following <br /> cash payments for interest and <br /> income taxes: </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Interest paid on debt <br /> (net of capitalized interest) </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>–</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left">$</td> <td align="right">34</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">–</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Income taxes </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>17,374</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left">$</td> <td align="right">11,749</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">7,537</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 3px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 3px solid #0077c0"> </td> <td align="left" style="border-top: 3px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 3px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Net sales of marketable securities <br /> consisted of the following <br /> gross amounts: </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Marketable securities purchased </div></td> <td> </td> <td nowrap="nowrap" align="left"><b>$</b></td> <td align="right"><b>(112</b></td> <td nowrap="nowrap"><b>)</b></td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(90</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(30</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Marketable securities sold </div></td> <td> </td> <td> </td> <td align="right"><b>38</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">41</td> <td> </td> <td> </td> <td> </td> <td align="right">157</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Net (purchases) sales of marketable <br /> securities </div></td> <td> </td> <td nowrap="nowrap" align="left"><b>$</b></td> <td align="right"><b>(74</b></td> <td nowrap="nowrap"><b>)</b></td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(49</td> <td nowrap="nowrap">)</td> <td> </td> <td align="left">$</td> <td align="right">127</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 3px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 3px solid #0077c0"> </td> <td align="left" style="border-top: 3px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 3px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Net purchases of time deposits <br /> consisted of the following <br /> gross amounts: </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Time deposits purchased </div></td> <td> </td> <td nowrap="nowrap" align="left"><b>$</b></td> <td align="right"><b>(6,439</b></td> <td nowrap="nowrap"><b>)</b></td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(5,060</td> <td nowrap="nowrap">)</td> <td> </td> <td align="left">$</td> <td align="right">–</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Time deposits matured </div></td> <td> </td> <td> </td> <td align="right"><b>5,335</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">2,205</td> <td> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Net purchases of time deposits </div></td> <td> </td> <td nowrap="nowrap" align="left"><b>$</b></td> <td align="right"><b>(1,104</b></td> <td nowrap="nowrap"><b>)</b></td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(2,855</td> <td nowrap="nowrap">)</td> <td> </td> <td align="left">$</td> <td align="right">–</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-bottom: 3px solid #0077c0"> </td> <td colspan="6" align="left" style="border-bottom: 3px solid #0077c0"> </td> <td> </td> </tr>  </table> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">In accordance with accounting standards for cash-flow classifications for stock options (ASC 718), the “Net decrease (increase) in operating working capital” includes reductions of $121, $67 and $25 for excess income tax benefits associated with stock options exercised during 2011, 2010 and 2009, respectively. These amounts are offset by an equal amount in “Net (purchases) sales of treasury shares.” </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">     The “Acquisition of Atlas Energy” reflects the $3,009 of cash paid for all the common shares of Atlas. An “Advance to Atlas Energy” of $403 was made to facilitate the purchase of a 49 percent interest in Laurel Mountain Midstream LLC on the day of closing. The “Net decrease (increase) in operating working capital” includes $184 for payments made in connection with Atlas equity awards subsequent to the acquisition. Refer to Note 2, beginning on page FS-30 for additional discussion of the Atlas acquisition. </div> </div> <div> <div align="left" style="font-size: 10pt; margin-top: 6pt">     The “Repayments of long-term debt and other financing obligations” includes $761 for repayment of Atlas debt and $271 for payoff of the Atlas revolving credit facility. </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">     The “Net (purchases) sales of treasury shares” represents the cost of common shares acquired less the cost of shares issued for share-based compensation plans. Purchases totaled $4,262, $775 and $6 in 2011, 2010 and 2009, respectively. In 2011 and 2010, the company purchased 42.3 million and 8.8 million common shares for $4,250 and $750 under its ongoing share repurchase program, respectively. </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">     In 2011 and 2010, “Net sales (purchases) of other short-term investments” consist of restricted cash associated with capital-investment projects at the company’s Pascagoula and El Segundo refineries, acquisitions pending tax deferred exchanges, and Upstream abandonment activities that was invested in short-term securities and reclassified from “Cash and cash equivalents” to “Deferred charges and other assets” on the Consolidated Balance Sheet. The company issued $374, $1,250 and $350 in 2011, 2010 and 2009, respectively, of tax exempt bonds as a source of funds for U.S. refinery projects, which is included in “Proceeds from issuance of long-term debt.” </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">     The Consolidated Statement of Cash Flows excludes changes to the Consolidated Balance Sheet that did not affect cash. In 2009, payments related to “Accrued liabilities” were excluded from “Net decrease (increase) in operating working capital” and were reported as “Capital expenditures.” The “Accrued liabilities” were related to upstream operating agreements outside the United States recorded in 2008. Refer also to Note 25, on page FS-58, for a discussion of revisions to the company’s AROs that also did not involve cash receipts or payments for the three years ending December 31, 2011. </div> </div> <div> <div align="left" style="font-size: 10pt; margin-top: 6pt">     The major components of “Capital expenditures” and the reconciliation of this amount to the reported capital and exploratory expenditures, including equity affiliates, are presented in the following table: </div> <div align="center"> <table style="font-size: 8pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="65%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="11" style="border-bottom: 1px solid #0077c0">Year ended December 31</td> <td> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2011</b></td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2010</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2009</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Additions to properties, plant <br /> and equipment<sup style="font-size: 85%; vertical-align: text-top">1</sup> </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>25,440</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left">$</td> <td align="right">18,474</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">16,107</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Additions to investments </div></td> <td> </td> <td> </td> <td align="right"><b>900</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">861</td> <td> </td> <td> </td> <td> </td> <td align="right">942</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Current year dry hole expenditures </div></td> <td> </td> <td> </td> <td align="right"><b>332</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">414</td> <td> </td> <td> </td> <td> </td> <td align="right">468</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Payments for other liabilities <br /> and assets, net<sup style="font-size: 85%; vertical-align: text-top">2</sup> </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(172</b></td> <td nowrap="nowrap"><b>)</b></td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(137</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">2,326</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Capital expenditures </div></td> <td> </td> <td> </td> <td align="right"><b>26,500</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">19,612</td> <td> </td> <td> </td> <td> </td> <td align="right">19,843</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Expensed exploration expenditures </div></td> <td> </td> <td> </td> <td align="right"><b>839</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">651</td> <td> </td> <td> </td> <td> </td> <td align="right">790</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Assets acquired through capital <br /> lease obligations and other <br /> financing obligations </div></td> <td> </td> <td> </td> <td align="right"><b>32</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">104</td> <td> </td> <td> </td> <td> </td> <td align="right">19</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Capital and exploratory expenditures, <br /> excluding equity affiliates </div></td> <td> </td> <td> </td> <td align="right"><b>27,371</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">20,367</td> <td> </td> <td> </td> <td> </td> <td align="right">20,652</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Company’s share of expenditures <br /> by equity affiliates </div></td> <td> </td> <td> </td> <td align="right"><b>1,695</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">1,388</td> <td> </td> <td> </td> <td> </td> <td align="right">1,585</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Capital and exploratory expenditures, <br /> including equity affiliates </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>29,066</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left">$</td> <td align="right">21,755</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">22,237</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-bottom: 3px solid #0077c0"> </td> <td colspan="6" align="left" style="border-bottom: 3px solid #0077c0"> </td> <td> </td> </tr>  </table> </div> <div style="margin-top: 3pt"> <table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 7pt; text-align: left"> <tr> <td width="3%"></td> <td width="1%"></td> <td width="96%"></td> </tr> <tr valign="top"> <td colspan="3" nowrap="nowrap"><sup style="font-size: 85%; vertical-align: text-top">1</sup> Excludes noncash additions of $945 in 2011, $2,753 in 2010 and $985 in 2009.</td> </tr> <tr style="font-size: 1pt"> <td> </td> </tr> <tr valign="top"> <td colspan="3" nowrap="nowrap"><sup style="font-size: 85%; vertical-align: text-top">2</sup> 2009 includes payments of $2,450 for accruals recorded in 2008.</td> </tr> </table> </div> <div align="left"> </div> </div> </div>

<div align="left" style="font-family: 'Times New Roman',Times,serif"> <div> <div align="left" style="font-size: 12pt; font-family: Helvetica,Arial,sans-serif; color: #0077c0; margin-top: 10pt"><b>Note 5</b> </div> <div align="left" style="font-size: 8pt; margin-top: 0pt; font-family: Helvetica,Arial,sans-serif; color: #0077c0">Summarized Financial Data – Chevron U.S.A. Inc. </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">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. </div> </div> <div> <div align="left" style="font-size: 10pt; margin-top: 6pt">     The summarized financial information for CUSA and its consolidated subsidiaries is as follows: </div> <div align="center"> <table style="font-size: 8pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="65%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="11" style="border-bottom: 1px solid #0077c0">Year ended December 31</td> <td> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2011</b></td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2010</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2009</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Sales and other operating <br />revenues </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>187,917</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left">$</td> <td align="right">145,381</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">121,553</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total costs and other deductions </div></td> <td> </td> <td> </td> <td align="right"><b>178,498</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">139,984</td> <td> </td> <td> </td> <td> </td> <td align="right">120,053</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Net income attributable to CUSA </div></td> <td> </td> <td> </td> <td align="right"><b>6,899</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">4,159</td> <td> </td> <td> </td> <td> </td> <td align="right">1,141</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-bottom: 3px solid #0077c0"> </td> <td colspan="6" align="left" style="border-bottom: 3px solid #0077c0"> </td> <td> </td> </tr>  </table> </div> <div align="center"> <table style="font-size: 8pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="75%"> </td> <td width="5%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="1%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="7%">  </td> <td width="1%"> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="7" style="border-bottom: 1px solid #0077c0">At December 31</td> <td> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2011</b></td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2010</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="2" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Current assets </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>34,478</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left">$</td> <td align="right">29,211</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Other assets </div></td> <td> </td> <td> </td> <td align="right"><b>47,556</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">35,294</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Current liabilities </div></td> <td> </td> <td> </td> <td align="right"><b>19,082</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">18,098</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Other liabilities </div></td> <td> </td> <td> </td> <td align="right"><b>26,153</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">16,785</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="2" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total CUSA net equity </div></td> <td> </td> <td> </td> <td align="right"><b>36,799</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">29,622</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 3px solid #0077c0"> </td> <td align="left" style="border-right: 0px solid #0077c0; border-top: 3px solid #0077c0"> </td> <td align="left" style="border-top: 3px solid #0077c0"> </td> <td colspan="2" align="left" style="border-top: 3px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom" style="font-size: 6pt"> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-right: 0px solid #0077c0"> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Memo: Total debt </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>14,763</b></td> <td> </td> <td style="border-right: 0px solid #0077c0"> </td> <td> </td> <td align="left">$</td> <td align="right">8,284</td> <td> </td> </tr>  </table> </div> <div align="left"> </div> </div> </div>   <div align="left" style="font-family: 'Times New Roman',Times,serif"> <div> <div align="left" style="font-size: 12pt; font-family: Helvetica,Arial,sans-serif; color: #0077c0; margin-top: 10pt"><b>Note 6</b> </div> <div align="left" style="font-size: 8pt; margin-top: 0pt; font-family: Helvetica,Arial,sans-serif; color: #0077c0">Summarized Financial Data – Chevron Transport Corporation Ltd. </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">Chevron Transport Corporation Ltd. (CTC), incorporated in Bermuda, is an indirect, wholly owned subsidiary of Chevron Corporation. CTC is the principal operator of Chevron’s international tanker fleet and is engaged in the marine transportation of crude oil and refined petroleum products. Most of CTC’s shipping revenue is derived from providing transportation services to other Chevron companies. Chevron Corporation has fully and unconditionally guaranteed this subsidiary’s obligations in connection with certain debt securities issued by a third party. Summarized financial information for CTC and its consolidated subsidiaries is as follows: </div> <div align="center"> <table style="font-size: 8pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="65%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="11" style="border-bottom: 1px solid #0077c0">Year ended December 31</td> <td> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2011</b></td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2010</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2009</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Sales and other operating revenues </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>793</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left">$</td> <td align="right">885</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">683</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total costs and other deductions </div></td> <td> </td> <td> </td> <td align="right"><b>974</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">1,008</td> <td> </td> <td> </td> <td> </td> <td align="right">810</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Net loss attributable to CTC </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(177</b></td> <td nowrap="nowrap"><b>)</b></td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(116</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(124</td> <td nowrap="nowrap">)</td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-bottom: 3px solid #0077c0"> </td> <td colspan="6" align="left" style="border-bottom: 3px solid #0077c0"> </td> <td> </td> </tr>  </table> </div> <div align="center"> <table style="font-size: 8pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="77%"> </td> <td width="5%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="6%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="6%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="7" style="border-bottom: 1px solid #0077c0">At December 31</td> <td> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2011</b></td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2010*</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="2" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Current assets </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>290</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left">$</td> <td align="right">309</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Other assets </div></td> <td> </td> <td> </td> <td align="right"><b>228</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">201</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Current liabilities </div></td> <td> </td> <td> </td> <td align="right"><b>114</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">101</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Other liabilities </div></td> <td> </td> <td> </td> <td align="right"><b>346</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">175</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="2" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total CTC net equity </div></td> <td> </td> <td> </td> <td align="right"><b>58</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">234</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-bottom: 3px solid #0077c0"> </td> <td colspan="2" align="left" style="border-bottom: 3px solid #0077c0"> </td> <td> </td> </tr>  </table> </div> <div style="margin-top: 3pt"> <table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 7pt; text-align: left"> <tr> <td width="1%"></td> <td width="1%"></td> <td width="98%"></td> </tr> <tr valign="top"> <td nowrap="nowrap" align="left">*</td> <td> </td> <td>2010 current assets and other liabilities conformed with 2011 presentation.</td> </tr> </table> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">     There were no restrictions on CTC’s ability to pay dividends or make loans or advances at December 31, 2011. </div> </div> <div> <div align="left"> </div> </div> </div>   <div align="left" style="font-family: 'Times New Roman',Times,serif"> <div> <div align="left" style="font-size: 12pt; font-family: Helvetica,Arial,sans-serif; color: #0077c0; margin-top: 10pt"><b>Note 7</b> </div> <div align="left" style="font-size: 8pt; margin-top: 0pt; font-family: Helvetica,Arial,sans-serif; color: #0077c0">Summarized Financial Data – Tengizchevroil LLP </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">Chevron has a 50 percent equity ownership interest in Tengizchevroil LLP (TCO). Refer to Note 12, on page FS-39, for a discussion of TCO operations. </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">     Summarized financial information for 100 percent of TCO is presented in the following table: </div> <div align="center"> <table style="font-size: 8pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="65%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="11" style="border-bottom: 1px solid #0077c0">Year ended December 31</td> <td> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2011</b></td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2010</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2009</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Sales and other operating revenues </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>25,278</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left">$</td> <td align="right">17,812</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">12,013</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Costs and other deductions </div></td> <td> </td> <td> </td> <td align="right"><b>10,941</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">8,394</td> <td> </td> <td> </td> <td> </td> <td align="right">6,044</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Net income attributable to TCO </div></td> <td> </td> <td> </td> <td align="right"><b>10,039</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">6,593</td> <td> </td> <td> </td> <td> </td> <td align="right">4,178</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-bottom: 3px solid #0077c0"> </td> <td colspan="6" align="left" style="border-bottom: 3px solid #0077c0"> </td> <td> </td> </tr>  </table> </div> <div align="center"> <table style="font-size: 8pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="77%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="7" style="border-bottom: 1px solid #0077c0">At December 31</td> <td> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2011</b></td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2010</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="2" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Current assets </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>3,477</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left">$</td> <td align="right">3,376</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Other assets </div></td> <td> </td> <td> </td> <td align="right"><b>11,619</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">11,813</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Current liabilities </div></td> <td> </td> <td> </td> <td align="right"><b>2,995</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">2,402</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Other liabilities </div></td> <td> </td> <td> </td> <td align="right"><b>3,759</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">4,130</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="2" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total TCO net equity </div></td> <td> </td> <td> </td> <td align="right"><b>8,342</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">8,657</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-bottom: 3px solid #0077c0"> </td> <td colspan="2" align="left" style="border-bottom: 3px solid #0077c0"> </td> <td> </td> </tr>  </table> </div> <div align="left"> </div> </div> </div>

<div align="left" style="font-family: 'Times New Roman',Times,serif"> <div> <div align="left" style="font-size: 12pt; font-family: Helvetica,Arial,sans-serif; color: #0077c0; margin-top: 10pt"><b>Note 8</b> </div> <div align="left" style="font-size: 8pt; margin-top: 0pt; font-family: Helvetica,Arial,sans-serif; color: #0077c0">Lease Commitments </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">Certain noncancelable leases are classified as capital leases, and the leased assets are included as part of “Properties, plant and equipment, at cost” on the Consolidated Balance Sheet. Such leasing arrangements involve crude oil production and processing equipment, service stations, bareboat charters, office buildings, and other facilities. Other leases are classified as operating leases and are not capitalized. The payments on such leases are recorded as expense. Details of the capitalized leased assets are as follows: </div> <div align="center"> <table style="font-size: 8pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="77%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="7" style="border-bottom: 1px solid #0077c0">At December 31</td> <td> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2011</b></td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2010</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="2" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Upstream </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>585</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left">$</td> <td align="right">561</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Downstream </div></td> <td> </td> <td> </td> <td align="right"><b>316</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">316</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">All Other </div></td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">169</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="2" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Total </div></td> <td> </td> <td> </td> <td align="right"><b>901</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">1,046</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Less: Accumulated amortization </div></td> <td> </td> <td> </td> <td align="right"><b>568</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">573</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="2" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Net capitalized leased assets </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>333</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left">$</td> <td align="right">473</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-bottom: 3px solid #0077c0"> </td> <td colspan="2" align="left" style="border-bottom: 3px solid #0077c0"> </td> <td> </td> </tr>  </table> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">     Rental expenses incurred for operating leases during 2011, 2010 and 2009 were as follows: </div> <div align="center"> <table style="font-size: 8pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="65%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="4%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="2%"> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="11" style="border-bottom: 1px solid #0077c0">Year ended December 31</td> <td> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2011</b></td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2010*</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2009*</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Minimum rentals </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>892</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left">$</td> <td align="right">931</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">933</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Contingent rentals </div></td> <td> </td> <td> </td> <td align="right"><b>11</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">10</td> <td> </td> <td> </td> <td> </td> <td align="right">7</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Total </div></td> <td> </td> <td> </td> <td align="right"><b>903</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">941</td> <td> </td> <td> </td> <td> </td> <td align="right">940</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Less: Sublease rental income </div></td> <td> </td> <td> </td> <td align="right"><b>39</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">41</td> <td> </td> <td> </td> <td> </td> <td align="right">41</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Net rental expense </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>864</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left">$</td> <td align="right">900</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">899</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-bottom: 3px solid #0077c0"> </td> <td colspan="6" align="left" style="border-bottom: 3px solid #0077c0"> </td> <td> </td> </tr>  </table> </div> <div style="margin-top: 3pt"> <table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 7pt; text-align: left"> <tr> <td width="1%"></td> <td width="1%"></td> <td width="98%"></td> </tr> <tr valign="top"> <td nowrap="nowrap" align="left">*</td> <td> </td> <td>Prior years have been adjusted to exclude cost of certain charters from rental expenses.</td> </tr> </table> </div> </div> <div> <div align="left" style="font-size: 10pt; margin-top: 6pt">     Contingent rentals are based on factors other than the passage of time, principally sales volumes at leased service stations. Certain leases include escalation clauses for adjusting rentals to reflect changes in price indices, renewal options ranging up to 25 years, and options to purchase the leased property during or at the end of the initial or renewal lease period for the fair market value or other specified amount at that time. </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">     At December 31, 2011, the estimated future minimum lease payments (net of noncancelable sublease rentals) under operating and capital leases, which at inception had a noncancelable term of more than one year, were as follows: </div> <div align="center"> <table style="font-size: 8pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="77%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="7" style="border-bottom: 1px solid #0077c0">At December 31</td> <td> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">Operating</td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">Capital</td> <td> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">Leases</td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">Leases</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="2" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Year:  2012 </div></td> <td> </td> <td> </td> <td align="right">693</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">70</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:43px; text-indent:-15px">2013 </div></td> <td> </td> <td> </td> <td align="right">632</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">47</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:43px; text-indent:-15px">2014 </div></td> <td> </td> <td> </td> <td align="right">523</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">32</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:43px; text-indent:-15px">2015 </div></td> <td> </td> <td> </td> <td align="right">475</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">21</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:43px; text-indent:-15px">2016 </div></td> <td> </td> <td> </td> <td align="right">393</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">13</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Thereafter </div></td> <td> </td> <td> </td> <td align="right">793</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">68</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="2" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total </div></td> <td> </td> <td align="left">$</td> <td align="right">3,509</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left">$</td> <td align="right">251</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 3px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 3px solid #0077c0"> </td> <td align="left" style="border-top: 3px solid #0077c0"> </td> <td colspan="2" align="left" style="border-top: 3px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Less: Amounts representing interest <br /> and executory costs </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(55</td> <td nowrap="nowrap">)</td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="2" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Net present values </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">196</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Less: Capital lease obligations <br /> included in short-term debt </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(68</td> <td nowrap="nowrap">)</td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="2" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Long-term capital lease obligations </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left">$</td> <td align="right">128</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-bottom: 3px solid #0077c0"> </td> <td colspan="2" align="left" style="border-bottom: 3px solid #0077c0"> </td> <td> </td> </tr>  </table> </div> <div align="left"> </div> </div> </div>

<div align="left" style="font-family: 'Times New Roman',Times,serif"> <div> <div align="left" style="font-size: 12pt; font-family: Helvetica,Arial,sans-serif; color: #0077c0; margin-top: 10pt"><b>Note 9</b> </div> <div align="left" style="font-size: 8pt; margin-top: 0pt; font-family: Helvetica,Arial,sans-serif; color: #0077c0">Fair Value Measurements </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">Accounting standards for fair value measurement (ASC 820) establish a framework for measuring fair value and stipulate disclosures about fair value measurements. The standards apply to recurring and nonrecurring fair value measurements of financial and nonfinancial assets and liabilities. Among the required disclosures is the fair value hierarchy of inputs the company uses to value an asset or a liability. The three levels of the fair value hierarchy are described as follows: </div> <div align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">Level 1: Quoted prices (unadjusted) in active markets for identical assets and liabilities. For the company, Level 1 inputs include exchange-traded futures contracts for which the parties are willing to transact at the exchange-quoted price and marketable securities that are actively traded. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">Level 2: Inputs other than Level 1 that are observable, either directly or indirectly. For the company, Level 2 inputs include quoted prices for similar assets or liabilities, prices obtained through third-party broker quotes and prices that can be corroborated with other observable inputs for substantially the complete term of a contract. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">Level 3: Unobservable inputs. The company does not use Level 3 inputs for any of its recurring fair value measurements. Level 3 inputs may be required for the determination of fair value associated with certain nonrecurring measurements of nonfinancial assets and liabilities. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The table below shows the fair value hierarchy for assets and liabilities measured at fair value on a recurring basis at December 31, 2011 and December 31, 2010. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt"><font color="#e51837"><i>Marketable Securities </i></font>The company calculates fair value for its marketable securities based on quoted market prices for identical assets and liabilities. The fair values reflect the cash that would have been received if the instruments were sold at December 31, 2011. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt"><font color="#e51837"><i>Derivatives </i></font>The company records its derivative instruments – other than any commodity derivative contracts that are designated as normal purchase and normal sale – on the Consolidated Balance Sheet at fair value, with the offsetting amount to the Consolidated Statement of Income. For derivatives with identical or similar provisions as contracts that are publicly traded on a regular basis, the company uses the market values of the publicly traded instruments as an input for fair value calculations. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">     The company’s derivative instruments principally include futures, swaps, options and forward contracts for crude oil, natural gas and refined products. Derivatives classified as Level 1 include futures, swaps and options contracts traded in active markets such as the New York Mercantile Exchange. </div> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt"><font color="#e51837"><i>Assets and Liabilities Measured at Fair Value on a Recurring Basis</i></font> </div> <div align="center"> <table style="font-size: 8pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="21%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="14" style="border-bottom: 1px solid #0077c0">At December 31, 2011</td> <td nowrap="nowrap" align="right" colspan="0" style="border-bottom: 1px solid #0077c0"> </td> <td nowrap="nowrap" align="right" colspan="0" style="border-bottom: 1px solid #0077c0"> </td> <td nowrap="nowrap" align="right" colspan="0" style="border-bottom: 1px solid #0077c0"> </td> <td nowrap="nowrap" align="right" colspan="14" style="border-bottom: 1px solid #0077c0">At December 31, 2010</td> <td> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">Total</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">Level 1</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">Level 2</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">Level 3</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">Total</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">Level 1</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">Level 2</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">Level 3</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="14" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Marketable securities </div></td> <td> </td> <td> </td> <td align="right"><b>249</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>249</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">155</td> <td> </td> <td> </td> <td> </td> <td align="right">155</td> <td> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Derivatives </div></td> <td> </td> <td> </td> <td align="right"><b>208</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>104</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>104</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">122</td> <td> </td> <td> </td> <td> </td> <td align="right">11</td> <td> </td> <td> </td> <td> </td> <td align="right">111</td> <td> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="14" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px"><b>Total Assets at Fair Value</b> </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>457</b></td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>353</b></td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>104</b></td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>–</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left">$</td> <td align="right">277</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">166</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">111</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">–</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Derivatives </div></td> <td> </td> <td> </td> <td align="right"><b>102</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>101</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>1</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">171</td> <td> </td> <td> </td> <td> </td> <td align="right">75</td> <td> </td> <td> </td> <td> </td> <td align="right">96</td> <td> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="14" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px"><b>Total Liabilities at Fair Value</b> </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>102</b></td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>101</b></td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>1</b></td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>–</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left">$</td> <td align="right">171</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">75</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">96</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">–</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-bottom: 3px solid #0077c0"> </td> <td colspan="14" align="left" style="border-bottom: 3px solid #0077c0"> </td> <td> </td> </tr>  </table> </div> <div> <div align="left" style="font-size: 10pt; margin-top: 6pt">     Derivatives classified as Level 2 include swaps, options, and forward contracts principally with financial institutions and other oil and gas companies, the fair values of which are obtained from third-party broker quotes, industry pricing services and exchanges. The company obtains multiple sources of pricing information for the Level 2 instruments. Since this pricing information is generated from observable market data, it has historically been very consistent. The company does not materially adjust this information. The company incorporates internal review, evaluation and assessment procedures, including a comparison of Level 2 fair values derived from the company’s internally developed forward curves (on a sample basis) with the pricing information to document reasonable, logical and supportable fair value determinations and proper level of classification. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt"><font color="#e51837"><i>Impairments of “Properties, plant and equipment” </i></font>The company did not have any material long-lived assets measured at fair value on a nonrecurring basis to report in 2011 or 2010. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt"><font color="#e51837"><i>Impairments of “Investments and advances” </i></font>The company did not have any material investments and advances measured at fair value on a nonrecurring basis to report in 2011 or 2010. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt"><font color="#e51837"><i>Assets and Liabilities Not Required to Be Measured at Fair Value </i></font>The company holds cash equivalents and bank time deposits in U.S. and non-U.S. portfolios. The instruments classified as cash equivalents are primarily bank time deposits with maturities of 90 days or less and money market funds. “Cash and cash equivalents” had carrying/fair values of $15,864 and $14,060 at December 31, 2011, and December 31, 2010, respectively. The instruments held in “Time deposits” are bank time deposits with maturities greater than 90 days, and had carrying/fair values of $3,958 and $2,855 at December 31, 2011, and December 31, 2010, respectively. The fair values of cash, cash equivalents and bank time deposits reflect the cash that would have been received if the instruments were settled at December 31, 2011. </div> </div> <div> <div align="left" style="font-size: 10pt; margin-top: 6pt">     “Cash and cash equivalents” do not include investments with a carrying/fair value of $1,240 and $855 at December 31, 2011, and December 31, 2010, respectively. At December 31, 2011, these investments include restricted funds related to various capital-investment projects, acquisitions pending tax deferred exchanges, and Upstream abandonment activities which are reported in “Deferred charges and other assets” on the Consolidated Balance Sheet. Long-term debt of $4,101 and $5,636 at December 31, 2011, and December 31, 2010, had estimated fair values of $4,928 and $6,311, respectively. </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">     The carrying values of short-term financial assets and liabilities on the Consolidated Balance Sheet approximate their fair values. Fair value remeasurements of other financial instruments at December 31, 2011 and 2010 were not material. </div> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">     The fair value hierarchy for assets and liabilities measured at fair value on a nonrecurring basis at December 31, 2011, is as follows: </div> <div align="left" style="font-size: 10pt; margin-top: 6pt"><font color="#e51837"><i>Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis</i></font> </div> <div align="center"> <table style="font-size: 8pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="21%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="1%"> </td> <td width="1%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="18" style="border-bottom: 1px solid #0077c0">At December 31</td> <td nowrap="nowrap" align="right" colspan="0" style="border-bottom: 1px solid #0077c0"> </td> <td nowrap="nowrap" align="right" colspan="0" style="border-bottom: 1px solid #0077c0"> </td> <td nowrap="nowrap" align="right" colspan="0" style="border-bottom: 1px solid #0077c0"> </td> <td nowrap="nowrap" align="right" colspan="18" style="border-bottom: 1px solid #0077c0">At December 31</td> <td> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="left" colspan="2">Before-Tax</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="left" colspan="2">Before-Tax</td> <td> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="left" colspan="2">Loss</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="left" colspan="2">Loss</td> <td> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">Total</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">Level 1</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">Level 2</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">Level 3</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left" colspan="2">Year 2011</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">Total</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">Level 1</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">Level 2</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">Level 3</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left" colspan="2">Year 2010</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="18" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Properties, plant and <br /> equipment, net <br /> (held and used) </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>67</b></td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>–</b></td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>–</b></td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>67</b></td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>81</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left">$</td> <td align="right">57</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">–</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">–</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">57</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">85</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Properties, plant and <br /> equipment, net <br /> (held for sale) </div></td> <td> </td> <td> </td> <td align="right"><b>167</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>167</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>54</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">13</td> <td> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> <td> </td> <td> </td> <td align="right">13</td> <td> </td> <td> </td> <td> </td> <td align="right">36</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Investments and advances </div></td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>108</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> <td> </td> <td> </td> <td align="right">15</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="18" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Total Nonrecurring<br /> Assets at Fair Value</b> </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>234</b></td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>–</b></td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>167</b></td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>67</b></td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>243</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left">$</td> <td align="right">70</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">–</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">–</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">70</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">136</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-bottom: 3px solid #0077c0"> </td> <td colspan="18" align="left" style="border-bottom: 3px solid #0077c0"> </td> <td> </td> </tr>  </table> </div> <div> <div align="left"> </div> </div> </div>

<div align="left" style="font-family: 'Times New Roman',Times,serif"> <div> <div align="left" style="font-size: 12pt; font-family: Helvetica,Arial,sans-serif; color: #0077c0; margin-top: 10pt"><b>Note 10</b> </div> <div align="left" style="font-size: 8pt; margin-top: 0pt; font-family: Helvetica,Arial,sans-serif; color: #0077c0"> Financial and Derivative Instruments </div> <div align="left" style="font-size: 10pt"><font color="#e51837"><i>Derivative Commodity Instruments</i></font> Chevron is exposed to market risks related to price volatility of crude oil, refined products, natural gas, natural gas liquids, liquefied natural gas and refinery feedstocks. </div> <div align="left" style="font-size: 10pt">     The company uses derivative commodity instruments to manage these exposures on a portion of its activity, including firm commitments and anticipated transactions for the purchase, sale and storage of crude oil, refined products, natural gas, natural gas liquids and feedstock for company refineries. From time to time, the company also uses derivative commodity instruments for limited trading purposes. </div> <div align="left" style="font-size: 10pt">     The company’s derivative commodity instruments principally include crude oil, natural gas and refined product futures, swaps, options, and forward contracts. None of the company’s derivative instruments is designated as a hedging instrument, although certain of the company’s affiliates make such designation. The company’s derivatives are not material to the company’s financial position, results of operations or liquidity. The company believes it has no material market or credit risks to its operations, financial position or liquidity as a result of its commodity derivative activities. </div> <div align="left" style="font-size: 10pt">     The company uses International Swaps and Derivatives Association agreements to govern derivative contracts with certain counterparties to mitigate credit risk. Depending on the nature of the derivative transactions, bilateral collateral arrangements may also be required. When the company is engaged in more than one outstanding derivative transaction with the same counterparty and also has a legally enforceable netting agreement with that counterparty, the net mark-to-market exposure represents the netting of the positive and negative exposures with that counterparty and is a reasonable measure of the company’s credit risk exposure. The company also uses other netting agreements with certain counterparties with which it conducts significant transactions to mitigate credit risk. </div> </div> <div> <div align="left" style="font-size: 10pt; margin-top: 6pt">     Derivative instruments measured at fair value at December 31, 2011, December 31, 2010, and December 31, 2009, and their classification on the Consolidated Balance Sheet and Consolidated Statement of Income are as follows: </div> <div align="left" style="font-size: 10pt; margin-top: 12pt"><font color="#e51837"><i>Consolidated Balance Sheet: Fair Value of Derivatives Not Designated as Hedging Instruments</i></font> </div> <div align="center"> <table style="font-size: 8pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="1%"> </td> <td width="8%"> </td> <td width="1%"> </td> <td width="14%"> </td> <td width="41%"> </td> <td width="5%"> </td> <td width="4%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="2%"> </td> <td width="4%"> </td> <td width="2%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="left">Balance Sheet</td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">At December 31</td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">At December 31</td> <td> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td nowrap="nowrap" align="right" colspan="2">Type of Contract</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left">Classification</td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2011</b></td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2010</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-bottom: 1px solid #0077c0"> </td> <td align="left" style="border-bottom: 1px solid #0077c0"> </td> <td align="left" style="border-bottom: 1px solid #0077c0"> </td> <td colspan="2" align="left" style="border-bottom: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td colspan="3" valign="top" align="left">Commodity</td> <td> </td> <td> <div style="margin-left:15px; text-indent:-15px">Accounts and<br /> notes receivable, net </div></td> <td> </td> <td align="right"><b>$</b></td> <td align="right"><b>133</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="right">$</td> <td align="right">58</td> <td> </td> </tr> <tr valign="bottom"> <td colspan="3" valign="top" align="left">Commodity</td> <td> </td> <td> <div style="margin-left:15px; text-indent:-15px">Long-term<br /> receivables, net </div></td> <td> </td> <td> </td> <td align="right"><b>75</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">64</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="2" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td colspan="5" align="left"> <div style="margin-left:30px; text-indent:-15px">Total Assets at Fair Value </div></td> <td> </td> <td align="right"><b>$</b></td> <td align="right"><b>208</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="right">$</td> <td align="right">122</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="2" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td colspan="3" valign="top" align="left">Commodity</td> <td> </td> <td> <div style="margin-left:15px; text-indent:-15px">Accounts payable </div></td> <td> </td> <td align="right"><b>$</b></td> <td align="right"><b>36</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="right">$</td> <td align="right">131</td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td colspan="3" valign="top" align="left">Commodity</td> <td> </td> <td nowrap="nowrap"> <div style="margin-left:15px; text-indent:-15px">Deferred credits and other<br /> noncurrent obligations </div></td> <td> </td> <td> </td> <td align="right"><b>66</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">40</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="2" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td colspan="5" align="left"> <div style="margin-left:30px; text-indent:-15px">Total Liabilities at Fair Value </div></td> <td> </td> <td align="right"><b>$</b></td> <td align="right"><b>102</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="right">$</td> <td align="right">171</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 3px solid #0077c0"> </td> <td align="left" style="border-right: 0px solid #0077c0; border-top: 3px solid #0077c0"> </td> <td align="left" style="border-top: 3px solid #0077c0"> </td> <td colspan="2" align="left" style="border-top: 3px solid #0077c0"> </td> <td> </td> </tr>  </table> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt"><font color="#e51837"><i>Consolidated Statement of Income: The Effect of Derivatives Not Designated as Hedging Instruments</i></font> </div> <div align="center"> <table style="font-size: 8pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="53%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="11">Gain/(Loss)</td> <td> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td nowrap="nowrap" align="right" colspan="2">Type of Derivative</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left">Statement of</td> <td> </td> <td nowrap="nowrap" align="right" colspan="11" style="border-bottom: 1px solid #0077c0">Year ended December 31</td> <td> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td nowrap="nowrap" align="right" colspan="2">Contract</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left">Income Classification</td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2011</b></td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2010</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2009</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-bottom: 1px solid #0077c0"> </td> <td align="left" style="border-bottom: 1px solid #0077c0"> </td> <td align="left" style="border-bottom: 1px solid #0077c0"> </td> <td colspan="6" align="left" style="border-bottom: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td nowrap="nowrap" colspan="3" valign="top" align="left">Foreign Exchange</td> <td> </td> <td> <div style="margin-left:15px; text-indent:-15px">Other income </div></td> <td> </td> <td align="right"><b>$</b></td> <td align="right"><b>–</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="right">$</td> <td align="right">–</td> <td> </td> <td> </td> <td align="right">$</td> <td align="right">26</td> <td> </td> </tr> <tr valign="bottom"> <td colspan="3" valign="top" align="left">Commodity</td> <td> </td> <td> <div style="margin-left:15px; text-indent:-15px">Sales and other<br /> operating revenues </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(255</b></td> <td nowrap="nowrap"><b>)</b></td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(98</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(94</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom" style="background: #ffffff"> <td colspan="3" nowrap="nowrap" valign="top" align="left">Commodity</td> <td> </td> <td> <div style="margin-left:15px; text-indent:-15px">Purchased crude oil <br />and products </div></td> <td> </td> <td> </td> <td align="right"><b>15</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(36</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(353</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom"> <td colspan="3" nowrap="nowrap" valign="top" align="left">Commodity</td> <td> </td> <td> <div style="margin-left:15px; text-indent:-15px">Other income </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(2</b></td> <td nowrap="nowrap"><b>)</b></td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(1</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td valign="top" align="left"> </td> <td valign="top" align="right"> </td> <td valign="top"> </td> <td> </td> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td nowrap="nowrap" align="left"><b>$</b></td> <td align="right"><b>(242</b></td> <td nowrap="nowrap"><b>)</b></td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(135</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(421</td> <td nowrap="nowrap">)</td> </tr> <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 3px solid #0077c0"> </td> <td align="left" style="border-right: 0px solid #0077c0; border-top: 3px solid #0077c0"> </td> <td align="left" style="border-top: 3px solid #0077c0"> </td> <td colspan="6" nowrap="nowrap" align="left" style="border-top: 3px solid #0077c0"> </td> <td> </td> </tr>  </table> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt"><font color="#e51837"><i>Foreign Currency</i></font> The company may enter into currency derivative contracts to manage some of its foreign currency exposures. These exposures include revenue and anticipated purchase transactions, including foreign currency capital expenditures and lease commitments. The currency derivative contracts, if any, are recorded at fair value on the balance sheet with resulting gains and losses reflected in income. There were no open currency derivative contracts at December 31, 2011 or 2010. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt"><font color="#e51837"><i>Interest Rates</i></font> The company may enter into interest rate swaps from time to time as part of its overall strategy to manage the interest rate risk on its debt. Interest rate swaps related to a portion of the company’s fixed-rate debt, if any, may be accounted for as fair value hedges. Interest rate swaps related to floating-rate debt, if any, are recorded at fair value on the balance sheet with resulting gains and losses reflected in income. At year-end 2011 and 2010, the company had no interest rate swaps. </div> </div> <div> <div align="left" style="font-size: 10pt; margin-top: 6pt"><font color="#e51837"><i>Concentrations of Credit Risk</i></font> The company’s financial instruments that are exposed to concentrations of credit risk consist primarily of its cash equivalents, time deposits, marketable securities, derivative financial instruments and trade receivables. The company’s short-term investments are placed with a wide array of financial institutions with high credit ratings. Company investment policies limit the company’s exposure both to credit risk and to concentrations of credit risk. Similar policies on diversification and creditworthiness are applied to the company’s counterparties in derivative instruments. </div> <div align="left" style="font-size: 10pt">     The trade receivable balances, reflecting the company’s diversified sources of revenue, are dispersed among the company’s broad customer base worldwide. As a result, the company believes concentrations of credit risk are limited. The company routinely assesses the financial strength of its customers. When the financial strength of a customer is not considered sufficient, requiring Letters of Credit is a principal method used to support sales to customers. </div> <div align="left"> </div> </div> </div>

<div align="left" style="font-family: 'Times New Roman',Times,serif"> <div> <div align="left" style="font-size: 12pt; font-family: Helvetica,Arial,sans-serif; color: #0077c0; margin-top: 10pt"><b>Note 11</b> </div> <div align="left" style="font-size: 8pt; margin-top: 0pt; font-family: Helvetica,Arial,sans-serif; color: #0077c0">Operating Segments and Geographic Data </div> <div align="left" style="font-size: 10pt"> Although each subsidiary of Chevron is responsible for its own affairs, Chevron Corporation manages its investments in these subsidiaries and their affiliates. The investments are grouped into two business segments, Upstream and Downstream, representing the company’s “reportable segments” and “operating segments” as defined in accounting standards for segment reporting (ASC 280). Upstream operations consist primarily of exploring for, developing and producing crude oil and natural gas; liquefaction, transportation and regasification associated with liquefied natural gas (LNG); transporting crude oil by major international oil export pipelines; processing, transporting, storage and marketing of natural gas; and a gas-to-liquids project. Downstream operations consist primarily of refining of crude oil into petroleum products; marketing of crude oil and refined products; transporting of crude oil and refined products by pipeline, marine vessel, motor equipment and rail car; and manufacturing and marketing of commodity petrochemicals, plastics for industrial uses, and fuel and lubricant additives. All Other activities of the company include mining operations, power generation businesses, worldwide cash management and debt financing activities, corporate administrative functions, insurance operations, real estate activities, energy services, alternative fuels and technology. </div> </div> <div> <div align="left" style="font-size: 10pt; margin-top: 6pt">     The segments are separately managed for investment purposes under a structure that includes “segment managers” who report to the company’s “chief operating decision maker” (CODM) (terms as defined in ASC 280). The CODM is the company’s Executive Committee (EXCOM), a committee of senior officers that includes the Chief Executive Officer, and EXCOM reports to the Board of Directors of Chevron Corporation. </div> <div align="left" style="font-size: 10pt">     The operating segments represent components of the company, as described in accounting standards for segment reporting (ASC 280), that engage in activities (a) from which revenues are earned and expenses are incurred; (b) whose operating results are regularly reviewed by the CODM, which makes decisions about resources to be allocated to the segments and assesses their performance; and (c) for which discrete financial information is available. </div> <div align="left" style="font-size: 10pt">     Segment managers for the reportable segments are directly accountable to and maintain regular contact with the company’s CODM to discuss the segment’s operating activities and financial performance. The CODM approves annual capital and exploratory budgets at the reportable segment level, as well as reviews capital and exploratory funding for major projects and approves major changes to the annual capital and exploratory budgets. However, business-unit managers within the operating segments are directly responsible for decisions relating to project implementation and all other matters connected with daily operations. Company officers who are members of the EXCOM also have individual management responsibilities and participate in other committees for purposes other than acting as the CODM. </div> <div align="left" style="font-size: 10pt">     The company’s primary country of operation is the United States of America, its country of domicile. Other components of the company’s operations are reported as “International” (outside the United States). </div> <div align="left" style="font-size: 10pt; margin-top: 6pt"><font color="#e51837"><i>Segment Earnings</i></font> The company evaluates the performance of its operating segments on an after-tax basis, without considering the effects of debt financing interest expense or investment interest income, both of which are managed by the company on a worldwide basis. Corporate administrative costs and assets are not allocated to the operating segments. However, operating segments are billed for the direct use of corporate services. Nonbillable costs remain at the corporate level in “All Other.” Earnings by major operating area are presented in the following table: </div> <div align="center"> <table style="font-size: 8pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="65%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="11" style="border-bottom: 1px solid #0077c0">Year ended December 31</td> <td> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2011</b></td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2010</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2009</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-bottom: 1px solid #0077c0"> </td> <td align="left" style="border-bottom: 1px solid #0077c0"> </td> <td align="left" style="border-bottom: 1px solid #0077c0"> </td> <td colspan="6" align="left" style="border-bottom: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Segment Earnings</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Upstream</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:30px; text-indent:-15px">United States </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>6,512</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left">$</td> <td align="right">4,122</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">2,262</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">International </div></td> <td> </td> <td> </td> <td align="right"><b>18,274</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">13,555</td> <td> </td> <td> </td> <td> </td> <td align="right">8,670</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Total Upstream</b> </div></td> <td> </td> <td> </td> <td align="right"><b>24,786</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">17,677</td> <td> </td> <td> </td> <td> </td> <td align="right">10,932</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Downstream</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:30px; text-indent:-15px">United States </div></td> <td> </td> <td> </td> <td align="right"><b>1,506</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">1,339</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(121</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">International </div></td> <td> </td> <td> </td> <td align="right"><b>2,085</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">1,139</td> <td> </td> <td> </td> <td> </td> <td align="right">594</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Total Downstream</b> </div></td> <td> </td> <td> </td> <td align="right"><b>3,591</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">2,478</td> <td> </td> <td> </td> <td> </td> <td align="right">473</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Total Segment Earnings</b> </div></td> <td> </td> <td> </td> <td align="right"><b>28,377</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">20,155</td> <td> </td> <td> </td> <td> </td> <td align="right">11,405</td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px"><b>All Other</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Interest expense </div></td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(41</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(22</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:30px; text-indent:-15px">Interest income </div></td> <td> </td> <td> </td> <td align="right"><b>78</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">70</td> <td> </td> <td> </td> <td> </td> <td align="right">46</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Other </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(1,560</b></td> <td nowrap="nowrap"><b>)</b></td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(1,160</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(946</td> <td nowrap="nowrap">)</td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Net Income Attributable<br />to Chevron Corporation</b> </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>26,895</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left">$</td> <td align="right">19,024</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">10,483</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 3px solid #0077c0"> </td> <td align="left" style="border-right: 0px solid #0077c0; border-top: 3px solid #0077c0"> </td> <td align="left" style="border-top: 3px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 3px solid #0077c0"> </td> <td> </td> </tr>  </table> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt"><font color="#e51837"><i>Segment Assets</i></font> Segment assets do not include intercompany investments or intercompany receivables. Segment assets at year-end 2011 and 2010 are as follows: </div> <div align="center"> <table style="font-size: 8pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="77%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="7" style="border-bottom: 1px solid #0077c0">At December 31</td> <td> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2011</b></td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2010</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-bottom: 1px solid #0077c0"> </td> <td align="left" style="border-bottom: 1px solid #0077c0"> </td> <td align="left" style="border-bottom: 1px solid #0077c0"> </td> <td colspan="2" align="left" style="border-bottom: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Upstream</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">United States </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>37,108</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left">$</td> <td align="right">26,319</td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:30px; text-indent:-15px">International </div></td> <td> </td> <td> </td> <td align="right"><b>98,540</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">89,306</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Goodwill </div></td> <td> </td> <td> </td> <td align="right"><b>4,642</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">4,617</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="2" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Total Upstream</b> </div></td> <td> </td> <td> </td> <td align="right"><b>140,290</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">120,242</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="2" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Downstream</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:30px; text-indent:-15px">United States </div></td> <td> </td> <td> </td> <td align="right"><b>22,182</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">21,406</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">International </div></td> <td> </td> <td> </td> <td align="right"><b>20,517</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">20,559</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="2" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Total Downstream</b> </div></td> <td> </td> <td> </td> <td align="right"><b>42,699</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">41,965</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="2" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Total Segment Assets</b> </div></td> <td> </td> <td> </td> <td align="right"><b>182,989</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">162,207</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="2" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px"><b>All Other*</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">United States </div></td> <td> </td> <td> </td> <td align="right"><b>8,824</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">11,125</td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:30px; text-indent:-15px">International </div></td> <td> </td> <td> </td> <td align="right"><b>17,661</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">11,437</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="2" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Total All Other</b> </div></td> <td> </td> <td> </td> <td align="right"><b>26,485</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">22,562</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="2" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Total Assets – United States</b> </div></td> <td> </td> <td> </td> <td align="right"><b>68,114</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">58,850</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Total Assets – International</b> </div></td> <td> </td> <td> </td> <td align="right"><b>136,718</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">121,302</td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Goodwill</b> </div></td> <td> </td> <td> </td> <td align="right"><b>4,642</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">4,617</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="2" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Total Assets</b> </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>209,474</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left">$</td> <td align="right">184,769</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 3px solid #0077c0"> </td> <td align="left" style="border-right: 0px solid #0077c0; border-top: 3px solid #0077c0"> </td> <td align="left" style="border-top: 3px solid #0077c0"> </td> <td colspan="2" align="left" style="border-top: 3px solid #0077c0"> </td> <td> </td> </tr>  </table> </div> <div style="margin-top: 3pt"> <table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 7pt; text-align: left"> <tr> <td width="1%"></td> <td width="1%"></td> <td width="98%"></td> </tr> <tr valign="top"> <td colspan="1">*</td> <td colspan="1"> </td> <td colspan="0">“All Other” assets consist primarily of worldwide cash, cash equivalents, time deposits and marketable securities, real estate, energy services, information systems, mining operations, power generation businesses, alternative fuels and technology companies, and assets of the corporate administrative functions.</td> </tr> </table> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt"><font color="#e51837"><i>Segment Sales and Other Operating Revenues</i></font> Operating segment sales and other operating revenues, including internal transfers, for the years 2011, 2010 and 2009, are presented in the table that follows. Products are transferred between operating segments at internal product values that approximate market prices. </div> </div> <div> <div align="left" style="font-size: 10pt; margin-top: 6pt">     Revenues for the upstream segment are derived primarily from the production and sale of crude oil and natural gas, as well as the sale of third-party production of natural gas. Revenues for the downstream segment are derived from the refining and marketing of petroleum products such as gasoline, jet fuel, gas oils, lubricants, residual fuel oils and other products derived from crude oil. This segment also generates revenues from the manufacture and sale of additives for fuels and lubricant oils and the transportation and trading of refined products, crude oil and natural gas liquids. “All Other” activities include revenues from mining operations, power generation businesses, insurance operations, real estate activities, energy services, alternative fuels and technology companies. </div> <div align="left" style="font-size: 10pt">     Other than the United States, no single country accounted for 10 percent or more of the company’s total sales and other operating revenues in 2011, 2010 and 2009. </div> <div align="center"> <table style="font-size: 8pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="65%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="11" style="border-bottom: 1px solid #0077c0">Year ended December 31</td> <td> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2011</b></td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2010</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2009*</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-bottom: 1px solid #0077c0"> </td> <td align="left" style="border-bottom: 1px solid #0077c0"> </td> <td align="left" style="border-bottom: 1px solid #0077c0"> </td> <td colspan="6" align="left" style="border-bottom: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Upstream</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">United States </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>9,623</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left">$</td> <td align="right">10,316</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">9,225</td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:30px; text-indent:-15px">Intersegment </div></td> <td> </td> <td> </td> <td align="right"><b>18,115</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">13,839</td> <td> </td> <td> </td> <td> </td> <td align="right">10,297</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Total United States </div></td> <td> </td> <td> </td> <td align="right"><b>27,738</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">24,155</td> <td> </td> <td> </td> <td> </td> <td align="right">19,522</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px">International </div></td> <td> </td> <td> </td> <td align="right"><b>20,086</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">17,300</td> <td> </td> <td> </td> <td> </td> <td align="right">13,463</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Intersegment </div></td> <td> </td> <td> </td> <td align="right"><b>35,012</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">23,834</td> <td> </td> <td> </td> <td> </td> <td align="right">18,477</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:30px; text-indent:-15px">Total International </div></td> <td> </td> <td> </td> <td align="right"><b>55,098</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">41,134</td> <td> </td> <td> </td> <td> </td> <td align="right">31,940</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Total Upstream</b> </div></td> <td> </td> <td> </td> <td align="right"><b>82,836</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">65,289</td> <td> </td> <td> </td> <td> </td> <td align="right">51,462</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Downstream</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">United States </div></td> <td> </td> <td> </td> <td align="right"><b>86,793</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">70,436</td> <td> </td> <td> </td> <td> </td> <td align="right">58,056</td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:30px; text-indent:-15px">Excise and similar taxes </div></td> <td> </td> <td> </td> <td align="right"><b>4,199</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">4,484</td> <td> </td> <td> </td> <td> </td> <td align="right">4,573</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Intersegment </div></td> <td> </td> <td> </td> <td align="right"><b>86</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">115</td> <td> </td> <td> </td> <td> </td> <td align="right">98</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:30px; text-indent:-15px">Total United States </div></td> <td> </td> <td> </td> <td align="right"><b>91,078</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">75,035</td> <td> </td> <td> </td> <td> </td> <td align="right">62,727</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">International </div></td> <td> </td> <td> </td> <td align="right"><b>119,254</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">90,922</td> <td> </td> <td> </td> <td> </td> <td align="right">77,845</td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:30px; text-indent:-15px">Excise and similar taxes </div></td> <td> </td> <td> </td> <td align="right"><b>3,886</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">4,107</td> <td> </td> <td> </td> <td> </td> <td align="right">3,536</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Intersegment </div></td> <td> </td> <td> </td> <td align="right"><b>81</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">93</td> <td> </td> <td> </td> <td> </td> <td align="right">87</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:30px; text-indent:-15px">Total International </div></td> <td> </td> <td> </td> <td align="right"><b>123,221</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">95,122</td> <td> </td> <td> </td> <td> </td> <td align="right">81,468</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Total Downstream</b> </div></td> <td> </td> <td> </td> <td align="right"><b>214,299</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">170,157</td> <td> </td> <td> </td> <td> </td> <td align="right">144,195</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px"><b>All Other</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">United States </div></td> <td> </td> <td> </td> <td align="right"><b>526</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">610</td> <td> </td> <td> </td> <td> </td> <td align="right">665</td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:30px; text-indent:-15px">Intersegment </div></td> <td> </td> <td> </td> <td align="right"><b>1,072</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">947</td> <td> </td> <td> </td> <td> </td> <td align="right">964</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Total United States </div></td> <td> </td> <td> </td> <td align="right"><b>1,598</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">1,557</td> <td> </td> <td> </td> <td> </td> <td align="right">1,629</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px">International </div></td> <td> </td> <td> </td> <td align="right"><b>4</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">23</td> <td> </td> <td> </td> <td> </td> <td align="right">39</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Intersegment </div></td> <td> </td> <td> </td> <td align="right"><b>42</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">39</td> <td> </td> <td> </td> <td> </td> <td align="right">33</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:30px; text-indent:-15px">Total International </div></td> <td> </td> <td> </td> <td align="right"><b>46</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">62</td> <td> </td> <td> </td> <td> </td> <td align="right">72</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Total All Other</b> </div></td> <td> </td> <td> </td> <td align="right"><b>1,644</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">1,619</td> <td> </td> <td> </td> <td> </td> <td align="right">1,701</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Segment Sales and Other<br /> Operating Revenues</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">United States </div></td> <td> </td> <td> </td> <td align="right"><b>120,414</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">100,747</td> <td> </td> <td> </td> <td> </td> <td align="right">83,878</td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:30px; text-indent:-15px">International </div></td> <td> </td> <td> </td> <td align="right"><b>178,365</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">136,318</td> <td> </td> <td> </td> <td> </td> <td align="right">113,480</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Total Segment Sales and Other <br /> Operating Revenues</b> </div></td> <td> </td> <td> </td> <td align="right"><b>298,779</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">237,065</td> <td> </td> <td> </td> <td> </td> <td align="right">197,358</td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px">Elimination of intersegment sales </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(54,408</b></td> <td nowrap="nowrap"><b>)</b></td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(38,867</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(29,956</td> <td nowrap="nowrap">)</td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Total Sales and Other <br /> Operating Revenues</b> </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>244,371</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left">$</td> <td align="right">198,198</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">167,402</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 3px solid #0077c0"> </td> <td align="left" style="border-right: 0px solid #0077c0; border-top: 3px solid #0077c0"> </td> <td align="left" style="border-top: 3px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 3px solid #0077c0"> </td> <td> </td> </tr>  </table> </div> <div style="margin-top: 3pt"> <table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 7pt; text-align: left"> <tr> <td width="1%"></td> <td width="2%"></td> <td width="99%"></td> </tr> <tr valign="top"> <td nowrap="nowrap" align="left">*</td> <td colspan="2">2009 conformed with 2010 and 2011 presentation.</td> </tr> </table> </div> </div> <div> <div align="left" style="font-size: 10pt; margin-top: 12pt"><font color="#e51837"><i>Segment Income Taxes</i></font> Segment income tax expense for the years 2011, 2010 and 2009 is as follows: </div> <div align="center"> <table style="font-size: 8pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="65%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="11" style="border-bottom: 1px solid #0077c0">Year ended December 31</td> <td> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2011</b></td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2010</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2009</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 1px solid #0077c0"> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Upstream</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">United States </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>3,701</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left">$</td> <td align="right">2,285</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,251</td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:30px; text-indent:-15px">International </div></td> <td> </td> <td> </td> <td align="right"><b>16,743</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">10,480</td> <td> </td> <td> </td> <td> </td> <td align="right">7,451</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 1px solid #0077c0"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Total Upstream</b> </div></td> <td> </td> <td> </td> <td align="right"><b>20,444</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">12,765</td> <td> </td> <td> </td> <td> </td> <td align="right">8,702</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 1px solid #0077c0"> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Downstream</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">United States </div></td> <td> </td> <td> </td> <td align="right"><b>785</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">680</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(83</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:30px; text-indent:-15px">International </div></td> <td> </td> <td> </td> <td align="right"><b>416</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">462</td> <td> </td> <td> </td> <td> </td> <td align="right">463</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 1px solid #0077c0"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Total Downstream</b> </div></td> <td> </td> <td> </td> <td align="right"><b>1,201</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">1,142</td> <td> </td> <td> </td> <td> </td> <td align="right">380</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 1px solid #0077c0"> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px"><b>All Other</b> </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(1,019</b></td> <td nowrap="nowrap"><b>)</b></td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(988</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(1,117</td> <td nowrap="nowrap">)</td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 1px solid #0077c0"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Total Income Tax Expense</b> </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>20,626</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left">$</td> <td align="right">12,919</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">7,965</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 3px solid #0077c0"> </td> <td align="left" style="border-right: 0px solid #0077c0; border-top: 3px solid #0077c0"> </td> <td align="left" style="border-top: 3px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 3px solid #0077c0"> </td> </tr>  </table> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt"><font color="#e51837"><i>Other Segment Information</i></font> Additional information for the segmentation of major equity affiliates is contained in Note 12, beginning on page FS-39. Information related to properties, plant and equipment by segment is contained in Note 13, on page FS-41. </div> </div> <div> <div align="left"> </div> </div> </div>

<div align="left" style="font-family: 'Times New Roman',Times,serif"> <div> <div align="left" style="font-size: 12pt; font-family: Helvetica,Arial,sans-serif; color: #0077c0; margin-top: 12pt"><b>Note 12</b> </div> <div align="left" style="font-size: 8pt; font-family: Helvetica,Arial,sans-serif; color: #0077c0; margin-top: 0pt">Investments and Advances </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">Equity in earnings, together with investments in and advances to companies accounted for using the equity method and other investments accounted for at or below cost, is shown in the following table. For certain equity affiliates, Chevron pays its share of some income taxes directly. For such affiliates, the equity in earnings does not include these taxes, which are reported on the Consolidated Statement of Income as “Income tax expense.” </div> <div align="center"> <table style="font-size: 8pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="41%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="6">Investments and Advances</td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="10">Equity in Earnings</td> <td> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #0077c0">At December 31</td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="10" style="border-bottom: 1px solid #0077c0">Year ended December 31</td> <td> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2011</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2010</td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2011</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2010</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2009</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-bottom: 1px solid #0077c0"> </td> <td align="left" style="border-bottom: 1px solid #0077c0"> </td> <td align="left" style="border-bottom: 1px solid #0077c0"> </td> <td colspan="10" align="left" style="border-bottom: 1px solid #0077c0"> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Upstream</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Tengizchevroil </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>5,306</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">5,789</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left"><b>$ </b></td> <td align="right"><b>5,097</b></td> <td> </td> <td> </td> <td align="left">$ </td> <td align="right">3,398</td> <td> </td> <td> </td> <td align="left">$ </td> <td align="right">2,216</td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:30px; text-indent:-15px">Petropiar </div></td> <td> </td> <td> </td> <td align="right"><b>909</b></td> <td> </td> <td> </td> <td> </td> <td align="right">973</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>116</b></td> <td> </td> <td> </td> <td> </td> <td align="right">262</td> <td> </td> <td> </td> <td> </td> <td align="right">122</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Caspian Pipeline Consortium </div></td> <td> </td> <td> </td> <td align="right"><b>1,094</b></td> <td> </td> <td> </td> <td> </td> <td align="right">974</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>122</b></td> <td> </td> <td> </td> <td> </td> <td align="right">124</td> <td> </td> <td> </td> <td> </td> <td align="right">105</td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:30px; text-indent:-15px">Petroboscan </div></td> <td> </td> <td> </td> <td align="right"><b>1,032</b></td> <td> </td> <td> </td> <td> </td> <td align="right">937</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>247</b></td> <td> </td> <td> </td> <td> </td> <td align="right">222</td> <td> </td> <td> </td> <td> </td> <td align="right">171</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Angola LNG Limited </div></td> <td> </td> <td> </td> <td align="right"><b>2,921</b></td> <td> </td> <td> </td> <td> </td> <td align="right">2,481</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(42</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(21</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(12</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:30px; text-indent:-15px">Other </div></td> <td> </td> <td> </td> <td align="right"><b>2,420</b></td> <td> </td> <td> </td> <td> </td> <td align="right">1,922</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>166</b></td> <td> </td> <td> </td> <td> </td> <td align="right">319</td> <td> </td> <td> </td> <td> </td> <td align="right">287</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="10" align="left" style="border-top: 1px solid #0077c0"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px"><b>Total Upstream</b> </div></td> <td> </td> <td> </td> <td align="right"><b>13,682</b></td> <td> </td> <td> </td> <td> </td> <td align="right">13,076</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>5,706</b></td> <td> </td> <td> </td> <td> </td> <td align="right">4,304</td> <td> </td> <td> </td> <td> </td> <td align="right">2,889</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="10" align="left" style="border-top: 1px solid #0077c0"> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Downstream</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">GS Caltex Corporation </div></td> <td> </td> <td> </td> <td align="right"><b>2,572</b></td> <td> </td> <td> </td> <td> </td> <td align="right">2,496</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>248</b></td> <td> </td> <td> </td> <td> </td> <td align="right">158</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(191</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:30px; text-indent:-15px">Chevron Phillips Chemical Company LLC </div></td> <td> </td> <td> </td> <td align="right"><b>2,909</b></td> <td> </td> <td> </td> <td> </td> <td align="right">2,419</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>985</b></td> <td> </td> <td> </td> <td> </td> <td align="right">704</td> <td> </td> <td> </td> <td> </td> <td align="right">328</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Star Petroleum Refining Company Ltd. </div></td> <td> </td> <td> </td> <td align="right"><b>1,022</b></td> <td> </td> <td> </td> <td> </td> <td align="right">947</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>75</b></td> <td> </td> <td> </td> <td> </td> <td align="right">122</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(4</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:30px; text-indent:-15px">Caltex Australia Ltd. </div></td> <td> </td> <td> </td> <td align="right"><b>819</b></td> <td> </td> <td> </td> <td> </td> <td align="right">767</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>117</b></td> <td> </td> <td> </td> <td> </td> <td align="right">101</td> <td> </td> <td> </td> <td> </td> <td align="right">11</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Colonial Pipeline Company </div></td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td> </td> <td> </td> <td align="right">43</td> <td> </td> <td> </td> <td> </td> <td align="right">51</td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:30px; text-indent:-15px">Other </div></td> <td> </td> <td> </td> <td align="right"><b>630</b></td> <td> </td> <td> </td> <td> </td> <td align="right">602</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>183</b></td> <td> </td> <td> </td> <td> </td> <td align="right">151</td> <td> </td> <td> </td> <td> </td> <td align="right">149</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="10" align="left" style="border-top: 1px solid #0077c0"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px"><b>Total Downstream</b> </div></td> <td> </td> <td> </td> <td align="right"><b>7,952</b></td> <td> </td> <td> </td> <td> </td> <td align="right">7,231</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>1,608</b></td> <td> </td> <td> </td> <td> </td> <td align="right">1,279</td> <td> </td> <td> </td> <td> </td> <td align="right">344</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="10" align="left" style="border-top: 1px solid #0077c0"> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px"><b>All Other</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Other </div></td> <td> </td> <td> </td> <td align="right"><b>516</b></td> <td> </td> <td> </td> <td> </td> <td align="right">509</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>49</b></td> <td> </td> <td> </td> <td> </td> <td align="right">54</td> <td> </td> <td> </td> <td> </td> <td align="right">83</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="10" align="left" style="border-top: 1px solid #0077c0"> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:30px; text-indent:-15px">Total equity method </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>22,150</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">20,816</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>7,363</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">5,637</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">3,316</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Other at or below cost </div></td> <td> </td> <td> </td> <td align="right"><b>718</b></td> <td> </td> <td> </td> <td> </td> <td align="right">704</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 1px solid #0077c0"> </td> <td style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:30px; text-indent:-15px">Total investments and advances </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>22,868</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">21,520</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="10" align="left" style="border-top: 1px solid #0077c0"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total United States </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>4,847</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">3,769</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>1,119</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">846</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">511</td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px">Total International </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>18,021</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">17,751</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>6,244</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">4,791</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">2,805</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-bottom: 3px solid #0077c0"> </td> <td colspan="10" align="left" style="border-bottom: 3px solid #0077c0"> </td> </tr>  </table> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">     Descriptions of major affiliates, including significant differences between the company’s carrying value of its investments and its underlying equity in the net assets of the affiliates, are as follows: </div> <div align="left" style="font-size: 10pt; margin-top: 6pt"><font color="#e51837"><i>Tengizchevroil</i></font> Chevron has a 50 percent equity ownership interest in Tengizchevroil (TCO), a joint venture formed in 1993 to develop the Tengiz and Korolev crude oil fields in Kazakhstan over a 40-year period. At December 31, 2011, the company’s carrying value of its investment in TCO was about $180 higher than the amount of underlying equity in TCO’s net assets. This difference results from Chevron acquiring a portion of its interest in TCO at a value greater than the underlying book value for that portion of TCO’s net assets. See Note 7, on page FS-33, for summarized financial information for 100 percent of TCO. </div> </div> <div> <div align="left" style="font-size: 10pt; margin-top: 6pt"><font color="#e51837"><i>Petropiar</i></font> Chevron has a 30 percent interest in Petropiar, a joint stock company formed in 2008 to operate the Hamaca heavy-oil production and upgrading project. The project, located in Venezuela’s Orinoco Belt, has a 25-year contract term. Prior to the formation of Petropiar, Chevron had a 30 percent interest in the Hamaca project. At December 31, 2011, the company’s carrying value of its investment in Petropiar was approximately $180 less than the amount of underlying equity in Petropiar’s net assets. The difference represents the excess of Chevron’s underlying equity in Petropiar’s net assets over the net book value of the assets contributed to the venture. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt"><font color="#e51837"><i>Caspian Pipeline Consortium</i></font> Chevron has a 15 percent interest in the Caspian Pipeline Consortium, a variable interest entity, which provides the critical export route for crude oil from both TCO and Karachaganak. The company joined the consortium in 1997 and has investments and advances totaling $1,094 which includes long-term loans of $l,111 at year-end 2011. The loans were provided to fund 30 percent of the initial pipeline construction. The company is not the primary beneficiary of the consortium because it does not direct activities of the consortium and only receives its proportionate share of the financial returns. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt"><font color="#e51837"><i>Petroboscan</i></font> Chevron has a 39 percent interest in Petroboscan, a joint stock company formed in 2006 to operate the Boscan Field in Venezuela until 2026. Chevron previously operated the field under an operating service agreement. At December 31, 2011, the company’s carrying value of its investment in Petroboscan was approximately $220 higher than the amount of underlying equity in Petroboscan’s net assets. The difference reflects the excess of the net book value of the assets contributed by Chevron over its underlying equity in Petroboscan’s net assets. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt"><font color="#e51837"><i>Angola LNG Ltd.</i></font> Chevron has a 36 percent interest in Angola LNG Ltd., which will process and liquefy natural gas produced in Angola for delivery to international markets. </div> </div> <div> <div align="left" style="font-size: 10pt; margin-top: 6pt"><font color="#e51837"><i>GS Caltex Corporation</i></font> Chevron owns 50 percent of GS Caltex Corporation, a joint venture with GS Holdings. The joint venture imports, refines and markets petroleum products and petrochemicals, predominantly in South Korea. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt"><font color="#e51837"><i>Chevron Phillips Chemical Company LLC</i></font> Chevron owns 50 percent of Chevron Phillips Chemical Company LLC. The other half is owned by ConocoPhillips Corporation. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt"><font color="#e51837"><i>Star Petroleum Refining Company Ltd.</i></font> Chevron has a 64 percent equity ownership interest in Star Petroleum Refining Company Ltd. (SPRC), which owns the Star Refinery in Thailand. PTT Public Company Limited owns the remaining 36 percent of SPRC. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt"><font color="#e51837"><i>Caltex Australia Ltd.</i></font> Chevron has a 50 percent equity ownership interest in Caltex Australia Ltd. (CAL). The remaining 50 percent of CAL is publicly owned. At December 31, 2011, the fair value of Chevron’s share of CAL common stock was approximately $1,600. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt"><font color="#e51837"><i>Other Information</i></font> “Sales and other operating revenues” on the Consolidated Statement of Income includes $20,164, $13,672 and $10,391 with affiliated companies for 2011, 2010 and 2009, respectively. “Purchased crude oil and products” includes $7,489, $5,559 and $4,631 with affiliated companies for 2011, 2010 and 2009, respectively. </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">     “Accounts and notes receivable” on the Consolidated Balance Sheet includes $1,968 and $1,718 due from affiliated companies at December 31, 2011 and 2010, respectively. “Accounts payable” includes $519 and $377 due to affiliated companies at December 31, 2011 and 2010, respectively. </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">     The following table provides summarized financial information on a 100 percent basis for all equity affiliates as well as Chevron’s total share, which includes Chevron loans to affiliates of $957, $1,543 and $2,422 at December 31, 2011, 2010 and 2009, respectively. </div> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">       </div> <div align="center"> <table style="font-size: 8pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="29%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="10" style="border-bottom: 1px solid #0077c0">Affiliates</td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="10" style="border-bottom: 1px solid #0077c0">Chevron Share</td> <td> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td nowrap="nowrap" align="left"><b>Year ended December 31</b></td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2011</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2010</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2009</td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2011</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2010</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2009</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-bottom: 1px solid #0077c0"> </td> <td align="left" style="border-bottom: 1px solid #0077c0"> </td> <td align="left" style="border-bottom: 1px solid #0077c0"> </td> <td colspan="10" align="left" style="border-bottom: 1px solid #0077c0"> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px">Total revenues </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>140,107</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">107,505</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">81,995</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>68,632</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">52,088</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">39,280</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Income before income tax expense </div></td> <td> </td> <td> </td> <td align="right"><b>23,054</b></td> <td> </td> <td> </td> <td> </td> <td align="right">18,468</td> <td> </td> <td> </td> <td> </td> <td align="right">11,083</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>10,555</b></td> <td> </td> <td> </td> <td> </td> <td align="right">7,966</td> <td> </td> <td> </td> <td> </td> <td align="right">4,511</td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px">Net income attributable to affiliates </div></td> <td> </td> <td> </td> <td align="right"><b>16,663</b></td> <td> </td> <td> </td> <td> </td> <td align="right">12,831</td> <td> </td> <td> </td> <td> </td> <td align="right">8,261</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>7,413</b></td> <td> </td> <td> </td> <td> </td> <td align="right">5,683</td> <td> </td> <td> </td> <td> </td> <td align="right">3,285</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 3px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 3px solid #0077c0"> </td> <td align="left" style="border-top: 3px solid #0077c0"> </td> <td colspan="10" align="left" style="border-top: 3px solid #0077c0"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px"><b>At December 31</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="10" align="left" style="border-top: 1px solid #0077c0"> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px">Current assets </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>35,573</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">30,335</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">27,111</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>14,695</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">12,845</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">11,009</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 0px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 0px solid #0077c0"> </td> <td align="left" style="border-top: 0px solid #0077c0"> </td> <td colspan="10" align="left" style="border-top: 0px solid #0077c0"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Noncurrent assets </div></td> <td> </td> <td> </td> <td align="right"><b>61,855</b></td> <td> </td> <td> </td> <td> </td> <td align="right">57,491</td> <td> </td> <td> </td> <td> </td> <td align="right">55,363</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>22,422</b></td> <td> </td> <td> </td> <td> </td> <td align="right">21,401</td> <td> </td> <td> </td> <td> </td> <td align="right">21,361</td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px">Current liabilities </div></td> <td> </td> <td> </td> <td align="right"><b>24,671</b></td> <td> </td> <td> </td> <td> </td> <td align="right">20,428</td> <td> </td> <td> </td> <td> </td> <td align="right">17,450</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>11,040</b></td> <td> </td> <td> </td> <td> </td> <td align="right">9,363</td> <td> </td> <td> </td> <td> </td> <td align="right">7,833</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 0px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 0px solid #0077c0"> </td> <td align="left" style="border-top: 0px solid #0077c0"> </td> <td colspan="10" align="left" style="border-top: 0px solid #0077c0"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Noncurrent liabilities </div></td> <td> </td> <td> </td> <td align="right"><b>19,267</b></td> <td> </td> <td> </td> <td> </td> <td align="right">19,749</td> <td> </td> <td> </td> <td> </td> <td align="right">21,531</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>4,491</b></td> <td> </td> <td> </td> <td> </td> <td align="right">4,459</td> <td> </td> <td> </td> <td> </td> <td align="right">5,106</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="10" align="left" style="border-top: 1px solid #0077c0"> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px">Total affiliates’ net equity </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>53,490</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">47,649</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">43,493</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>21,586</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">20,424</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">19,431</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-bottom: 3px solid #0077c0"> </td> <td colspan="10" align="left" style="border-bottom: 3px solid #0077c0"> </td> </tr>  </table> </div> <div align="left"> </div> </div>

<div align="left" style="font-family: 'Times New Roman',Times,serif"> <p> </p> <div align="left" style="font-size: 12pt; font-family: Helvetica,Arial,sans-serif; color: #0077c0; margin-top: 0pt"><b>Note 13</b> </div> <div align="left" style="font-size: 8pt; font-family: Helvetica,Arial,sans-serif; color: #0077c0; margin-top: 0pt">Properties, Plant and Equipment<sup style="font-size: 85%; vertical-align: text-top">1</sup> </div> <div align="center"> <table style="font-size: 8pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="19%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="1%"> </td> <td width="1%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="1%"> </td> <td width="1%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="1%"> </td> <td width="1%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="23" style="border-bottom: 1px solid #0077c0">At December 31</td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="23" style="border-bottom: 1px solid #0077c0">Year ended December 31</td> <td> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="10" style="border-bottom: 1px solid #0077c0">Gross Investment at Cost</td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="10" style="border-bottom: 1px solid #0077c0">Net Investment</td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="10" style="border-bottom: 1px solid #0077c0">Additions at Cost<sup style="font-size: 85%; vertical-align: text-top">2,3</sup></td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="10" style="border-bottom: 1px solid #0077c0">Depreciation Expense<sup style="font-size: 85%; vertical-align: text-top">4</sup></td> <td> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2011</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2010</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2009</td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2011</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2010</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2009</td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2011</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2010</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2009</td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2011</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2010</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2009</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-bottom: 1px solid #0077c0"> </td> <td align="left" style="border-bottom: 1px solid #0077c0"> </td> <td align="left" style="border-bottom: 1px solid #0077c0"> </td> <td colspan="11" align="left" style="border-bottom: 1px solid #0077c0"> </td> <td align="left" style="border-bottom: 1px solid #0077c0"> </td> <td align="left" style="border-bottom: 1px solid #0077c0"> </td> <td colspan="11" align="left" style="border-bottom: 1px solid #0077c0"> </td> <td align="left" style="border-bottom: 1px solid #0077c0"> </td> <td align="left" style="border-bottom: 1px solid #0077c0"> </td> <td colspan="10" align="left" style="border-bottom: 1px solid #0077c0"> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Upstream</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">United States </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>74,369</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">62,523</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">58,328</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>33,461</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">23,277</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">22,273</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>14,404</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">4,934</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">3,518</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>3,870</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">4,078</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">3,992</td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:30px; text-indent:-15px">International </div></td> <td> </td> <td> </td> <td align="right"><b>125,795</b></td> <td> </td> <td> </td> <td> </td> <td align="right">110,578</td> <td> </td> <td> </td> <td> </td> <td align="right">96,557</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>72,543</b></td> <td> </td> <td> </td> <td> </td> <td align="right">64,388</td> <td> </td> <td> </td> <td> </td> <td align="right">57,450</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>15,722</b></td> <td> </td> <td> </td> <td> </td> <td align="right">14,381</td> <td> </td> <td> </td> <td> </td> <td align="right">10,803</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>7,590</b></td> <td> </td> <td> </td> <td> </td> <td align="right">7,448</td> <td> </td> <td> </td> <td> </td> <td align="right">6,669</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="11" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="11" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="10" align="left" style="border-top: 1px solid #0077c0"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Total Upstream</b> </div></td> <td> </td> <td> </td> <td align="right"><b>200,164</b></td> <td> </td> <td> </td> <td> </td> <td align="right">173,101</td> <td> </td> <td> </td> <td> </td> <td align="right">154,885</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>106,004</b></td> <td> </td> <td> </td> <td> </td> <td align="right">87,665</td> <td> </td> <td> </td> <td> </td> <td align="right">79,723</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>30,126</b></td> <td> </td> <td> </td> <td> </td> <td align="right">19,315</td> <td> </td> <td> </td> <td> </td> <td align="right">14,231</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>11,460</b></td> <td> </td> <td> </td> <td> </td> <td align="right">11,526</td> <td> </td> <td> </td> <td> </td> <td align="right">10,661</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="11" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="11" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="10" align="left" style="border-top: 1px solid #0077c0"> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Downstream</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">United States </div></td> <td> </td> <td> </td> <td align="right"><b>20,699</b></td> <td> </td> <td> </td> <td> </td> <td align="right">19,820</td> <td> </td> <td> </td> <td> </td> <td align="right">18,962</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>10,723</b></td> <td> </td> <td> </td> <td> </td> <td align="right">10,379</td> <td> </td> <td> </td> <td> </td> <td align="right">10,032</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>1,226</b></td> <td> </td> <td> </td> <td> </td> <td align="right">1,199</td> <td> </td> <td> </td> <td> </td> <td align="right">1,874</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>776</b></td> <td> </td> <td> </td> <td> </td> <td align="right">741</td> <td> </td> <td> </td> <td> </td> <td align="right">666</td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:30px; text-indent:-15px">International </div></td> <td> </td> <td> </td> <td align="right"><b>7,422</b></td> <td> </td> <td> </td> <td> </td> <td align="right">9,697</td> <td> </td> <td> </td> <td> </td> <td align="right">9,852</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>2,995</b></td> <td> </td> <td> </td> <td> </td> <td align="right">3,948</td> <td> </td> <td> </td> <td> </td> <td align="right">4,154</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>443</b></td> <td> </td> <td> </td> <td> </td> <td align="right">361</td> <td> </td> <td> </td> <td> </td> <td align="right">456</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>332</b></td> <td> </td> <td> </td> <td> </td> <td align="right">451</td> <td> </td> <td> </td> <td> </td> <td align="right">454</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="11" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="11" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="10" align="left" style="border-top: 1px solid #0077c0"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Total Downstream</b> </div></td> <td> </td> <td> </td> <td align="right"><b>28,121</b></td> <td> </td> <td> </td> <td> </td> <td align="right">29,517</td> <td> </td> <td> </td> <td> </td> <td align="right">28,814</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>13,718</b></td> <td> </td> <td> </td> <td> </td> <td align="right">14,327</td> <td> </td> <td> </td> <td> </td> <td align="right">14,186</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>1,669</b></td> <td> </td> <td> </td> <td> </td> <td align="right">1,560</td> <td> </td> <td> </td> <td> </td> <td align="right">2,330</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>1,108</b></td> <td> </td> <td> </td> <td> </td> <td align="right">1,192</td> <td> </td> <td> </td> <td> </td> <td align="right">1,120</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="11" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="11" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="10" align="left" style="border-top: 1px solid #0077c0"> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px"><b>All Other</b><sup style="font-size: 85%; vertical-align: text-top"><b>5</b></sup> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">United States </div></td> <td> </td> <td> </td> <td align="right"><b>5,117</b></td> <td> </td> <td> </td> <td> </td> <td align="right">4,722</td> <td> </td> <td> </td> <td> </td> <td align="right">4,569</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>2,872</b></td> <td> </td> <td> </td> <td> </td> <td align="right">2,496</td> <td> </td> <td> </td> <td> </td> <td align="right">2,548</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>591</b></td> <td> </td> <td> </td> <td> </td> <td align="right">259</td> <td> </td> <td> </td> <td> </td> <td align="right">354</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>338</b></td> <td> </td> <td> </td> <td> </td> <td align="right">341</td> <td> </td> <td> </td> <td> </td> <td align="right">325</td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:30px; text-indent:-15px">International </div></td> <td> </td> <td> </td> <td align="right"><b>30</b></td> <td> </td> <td> </td> <td> </td> <td align="right">27</td> <td> </td> <td> </td> <td> </td> <td align="right">20</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>14</b></td> <td> </td> <td> </td> <td> </td> <td align="right">16</td> <td> </td> <td> </td> <td> </td> <td align="right">11</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>5</b></td> <td> </td> <td> </td> <td> </td> <td align="right">11</td> <td> </td> <td> </td> <td> </td> <td align="right">3</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>5</b></td> <td> </td> <td> </td> <td> </td> <td align="right">4</td> <td> </td> <td> </td> <td> </td> <td align="right">4</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="11" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="11" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="10" align="left" style="border-top: 1px solid #0077c0"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Total All Other</b> </div></td> <td> </td> <td> </td> <td align="right"><b>5,147</b></td> <td> </td> <td> </td> <td> </td> <td align="right">4,749</td> <td> </td> <td> </td> <td> </td> <td align="right">4,589</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>2,886</b></td> <td> </td> <td> </td> <td> </td> <td align="right">2,512</td> <td> </td> <td> </td> <td> </td> <td align="right">2,559</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>596</b></td> <td> </td> <td> </td> <td> </td> <td align="right">270</td> <td> </td> <td> </td> <td> </td> <td align="right">357</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>343</b></td> <td> </td> <td> </td> <td> </td> <td align="right">345</td> <td> </td> <td> </td> <td> </td> <td align="right">329</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="11" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="11" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="10" align="left" style="border-top: 1px solid #0077c0"> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px">Total United States </div></td> <td> </td> <td> </td> <td align="right"><b>100,185</b></td> <td> </td> <td> </td> <td> </td> <td align="right">87,065</td> <td> </td> <td> </td> <td> </td> <td align="right">81,859</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>47,056</b></td> <td> </td> <td> </td> <td> </td> <td align="right">36,152</td> <td> </td> <td> </td> <td> </td> <td align="right">34,853</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>16,221</b></td> <td> </td> <td> </td> <td> </td> <td align="right">6,392</td> <td> </td> <td> </td> <td> </td> <td align="right">5,746</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>4,984</b></td> <td> </td> <td> </td> <td> </td> <td align="right">5,160</td> <td> </td> <td> </td> <td> </td> <td align="right">4,983</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total International </div></td> <td> </td> <td> </td> <td align="right"><b>133,247</b></td> <td> </td> <td> </td> <td> </td> <td align="right">120,302</td> <td> </td> <td> </td> <td> </td> <td align="right">106,429</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>75,552</b></td> <td> </td> <td> </td> <td> </td> <td align="right">68,352</td> <td> </td> <td> </td> <td> </td> <td align="right">61,615</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>16,170</b></td> <td> </td> <td> </td> <td> </td> <td align="right">14,753</td> <td> </td> <td> </td> <td> </td> <td align="right">11,262</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>7,927</b></td> <td> </td> <td> </td> <td> </td> <td align="right">7,903</td> <td> </td> <td> </td> <td> </td> <td align="right">7,127</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="11" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="11" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="10" align="left" style="border-top: 1px solid #0077c0"> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:30px; text-indent:-15px"><b>Total</b> </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>233,432</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">207,367</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">188,288</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>122,608</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">104,504</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">96,468</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>32,391</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">21,145</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">17,008</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>12,911</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">13,063</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">12,110</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-bottom: 3px solid #0077c0"> </td> <td colspan="11" align="left" style="border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-bottom: 3px solid #0077c0"> </td> <td colspan="11" align="left" style="border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-bottom: 3px solid #0077c0"> </td> <td colspan="10" align="left" style="border-bottom: 3px solid #0077c0"> </td> </tr>  </table> </div> <div style="margin-top: 3pt"> <table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 7pt; text-align: left"> <tr> <td width="1%"></td> <td width="1%"></td> <td width="98%"></td> </tr> <tr valign="top"> <td nowrap="nowrap" align="left"><sup style="font-size: 85%; vertical-align: text-top">1</sup></td> <td colspan="2">Other than the United States, Nigeria and Australia, no other country accounted for 10 percent or more of the company’s net properties, plant and equipment (PP&E) in 2011. Nigeria had PP&E of $15,601, $13,896 and $12,463 for 2011, 2010 and 2009, respectively. Australia had $12,423 in 2011.</td> </tr> <tr style="font-size: 1pt"> <td> </td> </tr> <tr valign="top"> <td nowrap="nowrap" align="left"><sup style="font-size: 85%; vertical-align: text-top">2</sup></td> <td colspan="2">Net of dry hole expense related to prior years’ expenditures of $45, $82 and $84 in 2011, 2010 and 2009, respectively.</td> </tr> <tr style="font-size: 1pt"> <td> </td> </tr> <tr valign="top"> <td nowrap="nowrap" align="left"><sup style="font-size: 85%; vertical-align: text-top">3</sup></td> <td colspan="2">Includes properties acquired with the acquisition of Atlas Energy, Inc. in 2011.</td> </tr> <tr style="font-size: 1pt"> <td> </td> </tr> <tr valign="top"> <td nowrap="nowrap" align="left"><sup style="font-size: 85%; vertical-align: text-top">4</sup></td> <td colspan="2">Depreciation expense includes accretion expense of $628, $513 and $463 in 2011, 2010 and 2009, respectively.</td> </tr> <tr style="font-size: 1pt"> <td> </td> </tr> <tr valign="top"> <td nowrap="nowrap" align="left"><sup style="font-size: 85%; vertical-align: text-top">5</sup></td> <td colspan="2">Primarily mining operations, power generation businesses, real estate assets and management information systems.</td> </tr> </table> </div> <div> <div align="left"> </div> </div> </div>

<div align="left" style="font-family: 'Times New Roman',Times,serif"> <div> <div align="left" style="font-size: 12pt; font-family: Helvetica,Arial,sans-serif; color: #0077c0; margin-top: 0pt"><b>Note 14</b> </div> <div align="left" style="font-size: 8pt; font-family: Helvetica,Arial,sans-serif; color: #0077c0; margin-top: 0pt">Litigation </div> <div align="left" style="font-size: 10pt; margin-top: 0pt"><font color="#e51837"><i>MTBE</i></font> Chevron and many other companies in the petroleum industry have used methyl tertiary butyl ether (MTBE) as a gasoline additive. Chevron is a party to eight pending lawsuits and claims, the majority of which involve numerous other petroleum marketers and refiners. Resolution of these lawsuits and claims may ultimately require the company to correct or ameliorate the alleged effects on the environment of prior release of MTBE by the company or other parties. Additional lawsuits and claims related to the use of MTBE, including personal-injury claims, may be filed in the future. The company’s ultimate exposure related to pending lawsuits and claims is not determinable, but could be material to net income in any one period. The company no longer uses MTBE in the manufacture of gasoline in the United States. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt"><font color="#e51837"><i>Ecuador</i></font> Chevron is a defendant in a civil lawsuit before the Superior Court of Nueva Loja in Lago Agrio, Ecuador, brought in May 2003 by plaintiffs who claim to be representatives of certain residents of an area where an oil production consortium formerly had operations. The lawsuit alleges damage to the environment from the oil exploration and production operations and seeks unspecified damages to fund environmental remediation and restoration of the alleged environmental harm, plus a health monitoring program. Until 1992, Texaco Petroleum Company (Texpet), a subsidiary of Texaco Inc., was a minority member of this consortium with Petroecuador, the Ecuadorian state-owned oil company, as the majority partner; since 1990, the operations have been conducted solely by Petroecuador. At the conclusion of the consortium and following an independent third-party environmental audit of the concession area, Texpet entered into a formal agreement with the Republic of Ecuador and Petroecuador for Texpet to remediate specific sites assigned by the government in proportion to Texpet’s ownership share of the consortium. Pursuant to that agreement, Texpet conducted a three-year remediation program at a cost of $40. After certifying that the sites were properly remediated, the government granted Texpet and all related corporate entities a full release from any and all environmental liability arising from the consortium operations. </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">     Based on the history described above, Chevron believes that this lawsuit lacks legal or factual merit. As to matters of law, the company believes first, that the court lacks jurisdiction over Chevron; second, that the law under which plaintiffs bring the action, enacted in 1999, cannot be applied retroactively; third, that the claims are barred by the statute of limitations in Ecuador; and, fourth, that the lawsuit is also barred by the releases from liability previously given to Texpet by the Republic of Ecuador and Petroecuador and by the pertinent provincial and municipal governments. With regard to the facts, the company believes that the evidence confirms that Texpet’s remediation was properly conducted and that the remaining environmental damage reflects Petroecuador’s failure to timely fulfill its legal obligations and Petroecuador’s further conduct since assuming full control over the operations. </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">     In 2008, a mining engineer appointed by the court to identify and determine the cause of environmental damage, and to specify steps needed to remediate it, issued a report recommending that the court assess $18,900, which would, according to the engineer, provide financial compensation for purported damages, including wrongful death claims, and pay for, among other items, environmental remediation, health care systems and additional infrastructure for Petroecuador. The engineer’s report also asserted that an additional $8,400 could be assessed against Chevron for unjust enrichment. In 2009, following the disclosure by Chevron of evidence that the judge participated in meetings in which businesspeople and individuals holding themselves out as government officials discussed the case and its likely outcome, the judge presiding over the case was recused. In 2010, Chevron moved to strike the mining engineer’s report and to dismiss the case based on evidence obtained through discovery in the United States indicating that the report was prepared by consultants for the plaintiffs before being presented as the mining engineer’s independent and impartial work and showing further evidence of misconduct. In August 2010, the judge issued an order stating that he was not bound by the mining engineer’s report and requiring the parties to provide their positions on damages within 45 days. Chevron subsequently petitioned for recusal of the judge, claiming that he had disregarded evidence of fraud and misconduct and that he had failed to rule on a number of motions within the statutory time requirement. </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">     In September 2010, Chevron submitted its position on damages, asserting that no amount should be assessed against it. The plaintiffs’submission, which relied in part on the mining engineer’s report, took the position that damages are between approximately $16,000 and $76,000 and that unjust enrichment should be assessed in an amount between approximately $5,000 and $38,000. The next day, the judge issued an order closing the evidentiary phase of the case and notifying the parties that he had requested the case file so that he could prepare a judgment. Chevron petitioned to have that order declared a nullity in light of Chevron’s prior recusal petition, and because procedural and evidentiary matters remained unresolved. In October 2010, Chevron’s motion to recuse the judge was granted. A new judge took charge of the case and revoked the prior judge’s order closing the evidentiary phase of the case. On December 17, 2010, the judge issued an order closing the evidentiary phase of the case and notifying the parties that he had requested the case file so that he could prepare a judgment. </div> </div> <div> <div align="left" style="font-size: 10pt; margin-top: 6pt">     On February 14, 2011, the provincial court in Lago Agrio rendered an adverse judgment in the case. The court rejected Chevron’s defenses to the extent the court addressed them in its opinion. The judgment assessed approximately $8,600 in damages and approximately $900 as an award for the plaintiffs’ representatives. It also assessed an additional amount of approximately $8,600 in punitive damages unless the company issued a public apology within 15 days of the judgment, which Chevron did not do. On February 17, 2011, the plaintiffs appealed the judgment, seeking increased damages, and on March 11, 2011, Chevron appealed the judgment seeking to have the judgment nullified. On January 3, 2012, an appellate panel in the provincial court affirmed the February 14, 2011 decision and ordered that Chevron pay additional attorneys’ fees in the amount of “.10% of the values that are derived from the decisional act of this judgment.” The plaintiffs filed a petition to clarify and amplify the appellate decision on January 6, 2012, and the court issued a ruling in response on January 13, 2012, purporting to clarify and amplify its January 3, 2012 ruling, which included clarification that the deadline for the company to issue a public apology to avoid the additional amount of approximately $8,600 in punitive damages was within fifteen days of the clarification ruling, or February 3, 2012. Chevron did not issue an apology because doing so might be mischaracterized as an admission of liability and would be contrary to facts and evidence submitted at trial. On January 20, 2012, Chevron appealed (called a petition for cassation) the appellate panel’s decision to Ecuador’s National Court of Justice. As part of the appeal, Chevron requested the suspension of any requirement that Chevron post a bond to prevent enforcement under Ecuadorian law of the judgment during the cassation appeal. On February 17, 2012, the appellate panel of the provincial court admitted Chevron’s cassation appeal in a procedural step necessary for the National Court of Justice to hear the appeal. The provincial court appellate panel denied Chevron’s request for a suspension of the requirement that Chevron post a bond and stated that it would not comply with the first Interim Award of the international arbitration tribunal discussed below. Chevron continues to believe the provincial court’s judgment is illegitimate and unenforceable in Ecuador, the United States and other countries. The company also believes the judgment is the product of fraud, and contrary to the legitimate scientific evidence. Chevron cannot predict the timing or ultimate outcome of the appeals process in Ecuador. Chevron will continue a vigorous defense of any imposition of liability. Chevron has no assets in Ecuador and the Lago Agrio plaintiffs’ lawyers have stated in press releases and through other media that they will seek to enforce the Ecuadorian judgement in various countries and otherwise disrupt Chevron’s operations. Chevron expects to contest and defend against any such actions. </div> </div> <div> <div align="left" style="font-size: 10pt; margin-top: 6pt">     Chevron and Texpet filed an arbitration claim in September 2009 against the Republic of Ecuador before an arbitral tribunal presiding in the Permanent Court of Arbitration in The Hague under the Rules of the United Nations Commission on International Trade Law. The claim alleges violations of the Republic of Ecuador’s obligations under the United States–Ecuador Bilateral Investment Treaty (BIT) and breaches of the settlement and release agreements between the Republic of Ecuador and Texpet (described above), which are investment agreements protected by the BIT. Through the arbitration, Chevron and Texpet are seeking relief against the Republic of Ecuador, including a declaration that any judgment against Chevron in the Lago Agrio litigation constitutes a violation of Ecuador’s obligations under the BIT. On February 9, 2011, the Tribunal issued an Order for Interim Measures requiring the Republic of Ecuador to take all measures at its disposal to suspend or cause to be suspended the enforcement or recognition within and without Ecuador of any judgment against Chevron in the Lago Agrio case pending further order of the Tribunal. On January 25, 2012, the Tribunal converted the Order for Interim Measures into an Interim Award. Chevron filed a renewed application for further interim measures on January 4, 2012, and the Republic of Ecuador opposed Chevron’s application and requested that the existing Order for Interim Measures be vacated on January 9, 2012. On February 16, 2012, the Tribunal issued a second Interim Award mandating that the Republic of Ecuador take all measures necessary (whether by its judicial, legislative or executive branches) to suspend or cause to be suspended the enforcement and recognition within and without Ecuador of the judgment against Chevron and, in particular, to preclude any certification by the Republic of Ecuador that would cause the judgment to be enforceable against Chevron. Chevron expects to continue seeking permanent injunctive relief and monetary relief before the Tribunal. </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">     Through a series of recent U.S. court proceedings initiated by Chevron to obtain discovery relating to the Lago Agrio litigation and the BIT arbitration, Chevron has obtained evidence that it believes shows a pattern of fraud, collusion, corruption, and other misconduct on the part of several lawyers, consultants and others acting for the Lago Agrio plaintiffs. In February 2011, Chevron filed a civil lawsuit in the Federal District Court for the Southern District of New York against the Lago Agrio plaintiffs and several of their lawyers, consultants and supporters, alleging violations of the Racketeer Influenced and Corrupt Organizations Act and other state laws. Through the civil lawsuit, Chevron is seeking relief that includes an award of damages and a declaration that any judgment against Chevron in the Lago Agrio litigation is the result of fraud and other unlawful conduct and is therefore unenforceable. On March 7, 2011, the Federal District Court issued a preliminary injunction prohibiting the Lago Agrio plaintiffs and persons acting in concert with them from taking any action in furtherance of recognition or enforcement of any judgment against Chevron in the Lago Agrio case pending resolution of Chevron’s civil lawsuit by the Federal District Court. On May 31, 2011, the Federal District Court severed claims one through eight of Chevron’s complaint from the ninth claim for declaratory relief and imposed a discovery stay on claims one through eight pending a trial on the ninth claim for declaratory relief. On September 19, 2011, the U.S. Court of Appeals for the Second Circuit vacated the preliminary injunction, stayed the trial on Chevron’s ninth claim, a claim for declaratory relief, that had been set for November 14, 2011, and denied the defendants’ mandamus petition to recuse the judge hearing the lawsuit. The Second Circuit issued its opinion on January 26, 2012 ordering the dismissal of Chevron’s ninth claim for declaratory relief. On February 16, 2012, the Federal District Court lifted the stay on claims one through eight. </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">     The ultimate outcome of the foregoing matters, including any financial effect on Chevron, remains uncertain. Management does not believe an estimate of a reasonably possible loss (or a range of loss) can be made in this case. Due to the defects associated with the Ecuadorian judgment, the 2008 engineer’s report on alleged damages and the September 2010 plaintiffs’submission on alleged damages, management does not believe these documents have any utility in calculating a reasonably possible loss (or a range of loss). Moreover, the highly uncertain legal environment surrounding the case provides no basis for management to estimate a reasonably possible loss (or a range of loss). </div> <div align="left"> </div> </div> </div>

<div align="left" style="font-family: 'Times New Roman',Times,serif"> <div> <div align="left" style="font-size: 12pt; font-family: Helvetica,Arial,sans-serif; color: #0077c0; margin-top: 10pt"><b>Note 15</b> </div> <div align="left" style="font-size: 8pt; margin-top: 0pt; font-family: Helvetica,Arial,sans-serif; color: #0077c0">Taxes </div> <div align="left" style="font-size: 10pt"><i>Income Taxes</i> </div> <div align="center"> <table style="font-size: 8pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="65%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="11" style="border-bottom: 1px solid #0077c0">Year ended December 31</td> <td> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2011</b></td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2010</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2009</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px">Taxes on income </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">U.S. Federal </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:30px; text-indent:-15px">Current </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>1,893</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left">$</td> <td align="right">1,501</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">128</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Deferred </div></td> <td> </td> <td> </td> <td align="right"><b>877</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">162</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(147</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px">State and local </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Current </div></td> <td> </td> <td> </td> <td align="right"><b>596</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">376</td> <td> </td> <td> </td> <td> </td> <td align="right">216</td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:30px; text-indent:-15px">Deferred </div></td> <td> </td> <td> </td> <td align="right"><b>41</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">20</td> <td> </td> <td> </td> <td> </td> <td align="right">14</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total United States </div></td> <td> </td> <td> </td> <td align="right"><b>3,407</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">2,059</td> <td> </td> <td> </td> <td> </td> <td align="right">211</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px">International </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Current </div></td> <td> </td> <td> </td> <td align="right"><b>16,548</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">10,483</td> <td> </td> <td> </td> <td> </td> <td align="right">7,154</td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:30px; text-indent:-15px">Deferred </div></td> <td> </td> <td> </td> <td align="right"><b>671</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">377</td> <td> </td> <td> </td> <td> </td> <td align="right">600</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total International </div></td> <td> </td> <td> </td> <td align="right"><b>17,219</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">10,860</td> <td> </td> <td> </td> <td> </td> <td align="right">7,754</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px">Total taxes on income </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>20,626</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left">$</td> <td align="right">12,919</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">7,965</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-bottom: 3px solid #0077c0"> </td> <td colspan="6" align="left" style="border-bottom: 3px solid #0077c0"> </td> <td> </td> </tr>  </table> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">In 2011, before-tax income for U.S. operations, including related corporate and other charges, was $10,222, compared </div> </div> <div> <div align="left" style="font-size: 10pt; margin-top: 6pt">with before-tax income of $6,528 and $1,310 in 2010 and 2009, respectively. For international operations, before-tax income was $37,412, $25,527 and $17,218 in 2011, 2010 and 2009, respectively. U.S. federal income tax expense was reduced by $191, $162 and $204 in 2011, 2010 and 2009, respectively, for business tax credits.<br />      The reconciliation between the U.S. statutory federal income tax rate and the company’s effective income tax rate is detailed in the following table: </div> <div align="center"> <table style="font-size: 8pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="65%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="11" style="border-bottom: 1px solid #0077c0">Year ended December 31</td> <td style="border-bottom: 0px solid #0077c0"> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2011</b></td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2010</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2009</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 1px solid #0077c0"> </td> <td style="border-top: 0px solid #0077c0"> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px">U.S. statutory federal income tax rate </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>35.0</b></td> <td nowrap="nowrap"><b>%</b></td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">35.0</td> <td nowrap="nowrap">%</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">35.0</td> <td nowrap="nowrap">%</td> </tr> <tr valign="bottom"> <td nowrap="nowrap"> <div style="margin-left:15px; text-indent:-15px">Effect of income taxes from inter-<br /> national operations at rates different<br /> from the U.S. statutory rate </div></td> <td> </td> <td> </td> <td align="right"><b>7.5</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">5.2</td> <td> </td> <td> </td> <td> </td> <td align="right">10.4</td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td nowrap="nowrap"> <div style="margin-left:15px; text-indent:-15px">State and local taxes on income, net<br /> of U.S. federal income tax benefit </div></td> <td> </td> <td> </td> <td align="right"><b>0.9</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">0.8</td> <td> </td> <td> </td> <td> </td> <td align="right">0.9</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Prior year tax adjustments </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(0.1</b></td> <td nowrap="nowrap"><b>)</b></td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(0.6</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(0.3</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px">Tax credits </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(0.4</b></td> <td nowrap="nowrap"><b>)</b></td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(0.5</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(1.1</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Effects of changes in tax rates </div></td> <td> </td> <td> </td> <td align="right"><b>0.5</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> <td> </td> <td> </td> <td align="right">0.1</td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px">Other </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(0.1</b></td> <td nowrap="nowrap"><b>)</b></td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">0.4</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(2.0</td> <td nowrap="nowrap">)</td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Effective tax rate </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>43.3</b></td> <td nowrap="nowrap"><b>%</b></td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">40.3</td> <td nowrap="nowrap">%</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">43.0</td> <td nowrap="nowrap">%</td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-bottom: 3px solid #0077c0"> </td> <td colspan="6" align="left" style="border-bottom: 3px solid #0077c0"> </td> <td> </td> </tr>  </table> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">     The company’s effective tax rate increased from 40.3 percent in 2010 to 43.3 percent in 2011. This increase primarily reflected higher effective tax rates in international upstream jurisdictions. The higher international upstream effective tax rates were driven primarily by lower utilization of non-U.S. tax credits in 2011 and the effect of changes in income tax rates between periods, which were partially offset by foreign currency remeasurement impacts between periods. </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">     The company records its deferred taxes on a tax-jurisdiction basis and classifies those net amounts as current or noncurrent based on the balance sheet classification of the related assets or liabilities. The reported deferred tax balances are composed of the following: </div> <div align="center"> <table style="font-size: 8pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="77%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="7" style="border-bottom: 1px solid #0077c0">At December 31</td> <td> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2011</b></td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2010</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="2" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px">Deferred tax liabilities </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Properties, plant and equipment </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>23,597</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left">$</td> <td align="right">19,855</td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:30px; text-indent:-15px">Investments and other </div></td> <td> </td> <td> </td> <td align="right"><b>2,271</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">2,401</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="2" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total deferred tax liabilities </div></td> <td> </td> <td> </td> <td align="right"><b>25,868</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">22,256</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="2" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px">Deferred tax assets </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Foreign tax credits </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(8,476</b></td> <td nowrap="nowrap"><b>)</b></td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(6,669</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:30px; text-indent:-15px">Abandonment/environmental reserves </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(5,387</b></td> <td nowrap="nowrap"><b>)</b></td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(5,004</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Employee benefits </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(4,773</b></td> <td nowrap="nowrap"><b>)</b></td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(3,627</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:30px; text-indent:-15px">Deferred credits </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(1,548</b></td> <td nowrap="nowrap"><b>)</b></td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(2,176</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Tax loss carryforwards </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(828</b></td> <td nowrap="nowrap"><b>)</b></td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(882</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:30px; text-indent:-15px">Other accrued liabilities </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(531</b></td> <td nowrap="nowrap"><b>)</b></td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(486</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Inventory </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(360</b></td> <td nowrap="nowrap"><b>)</b></td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(483</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:30px; text-indent:-15px">Miscellaneous </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(1,595</b></td> <td nowrap="nowrap"><b>)</b></td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(1,676</td> <td nowrap="nowrap">)</td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="2" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total deferred tax assets </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(23,498</b></td> <td nowrap="nowrap"><b>)</b></td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(21,003</td> <td nowrap="nowrap">)</td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="2" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px">Deferred tax assets valuation allowance </div></td> <td> </td> <td> </td> <td align="right"><b>11,096</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">9,185</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="2" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total deferred taxes, net </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>13,466</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left">$</td> <td align="right">10,438</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-bottom: 3px solid #0077c0"> </td> <td colspan="2" align="left" style="border-bottom: 3px solid #0077c0"> </td> <td> </td> </tr>  </table> </div> </div> <div> <div align="left" style="font-size: 10pt; margin-top: 6pt">     Deferred tax liabilities at the end of 2011 increased by approximately $3,600 from year-end 2010. The increase was related to increased temporary differences for property, plant and equipment. </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">     Deferred tax assets increased by approximately $2,500 in 2011. Increases primarily related to additional foreign tax credits arising from earnings in high-tax-rate international jurisdictions (which were substantially offset by valuation allowances) and to increased temporary differences for employee benefits. These effects were partially offset by reductions in deferred credits resulting primarily from the usage of tax benefits in international tax jurisdictions. </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">     The overall valuation allowance relates to deferred tax assets for foreign tax credit carryforwards, tax loss carryforwards and temporary differences. It reduces the deferred tax assets to amounts that are, in management’s assessment, more likely than not to be realized. At the end of 2011, tax loss carryforwards were approximately $2,160, primarily related to various international tax jurisdictions. Whereas some of these tax loss carryforwards do not have an expiration date, others expire at various times from 2012 through 2036. Foreign tax credit carryforwards of $8,476 will expire between 2012 and 2021. </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">     At December 31, 2011 and 2010, deferred taxes were classified on the Consolidated Balance Sheet as follows: </div> <div align="center"> <table style="font-size: 8pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="77%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="7" style="border-bottom: 1px solid #0077c0">At December 31</td> <td> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2011</b></td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2010</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="2" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px">Prepaid expenses and other current assets </div></td> <td> </td> <td nowrap="nowrap" align="left"><b>$</b></td> <td align="right"><b>(1,149</b></td> <td nowrap="nowrap"><b>)</b></td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(1,624</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Deferred charges and other assets </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(1,224</b></td> <td nowrap="nowrap"><b>)</b></td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(851</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px">Federal and other taxes on income </div></td> <td> </td> <td> </td> <td align="right"><b>295</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">216</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Noncurrent deferred income taxes </div></td> <td> </td> <td> </td> <td align="right"><b>15,544</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">12,697</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="2" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px">Total deferred income taxes, net </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>13,466</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left">$</td> <td align="right">10,438</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-bottom: 3px solid #0077c0"> </td> <td colspan="2" align="left" style="border-bottom: 3px solid #0077c0"> </td> <td> </td> </tr>  </table> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">     Income taxes are not accrued for unremitted earnings of international operations that have been or are intended to be reinvested indefinitely. Undistributed earnings of international consolidated subsidiaries and affiliates for which no deferred income tax provision has been made for possible future remittances totaled $24,376 at December 31, 2011. This amount represents earnings reinvested as part of the company’s ongoing international business. It is not practicable to estimate the amount of taxes that might be payable on the possible remittance of earnings that are intended to be reinvested indefinitely. At the end of 2011, deferred income taxes were recorded for the undistributed earnings of certain international operations where indefinite reinvestment of the earnings is not planned. The company does not anticipate incurring significant additional taxes on remittances of earnings that are not indefinitely reinvested. </div> </div> <div> <div align="left" style="font-size: 10pt; margin-top: 0pt"><font color="#e51837"><i>Uncertain Income Tax Positions</i></font> Under accounting standards for uncertainty in income taxes (ASC 740-10), a company recognizes a tax benefit in the financial statements for an uncertain tax position only if management’s assessment is that the position is “more likely than not” (i.e., a likelihood greater than 50 percent) to be allowed by the tax jurisdiction based solely on the technical merits of the position. The term “tax position” in the accounting standards for income taxes refers to a position in a previously filed tax return or a position expected to be taken in a future tax return that is reflected in measuring current or deferred income tax assets and liabilities for interim or annual periods. </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">     The following table indicates the changes to the company’s unrecognized tax benefits for the years ended December 31, 2011, 2010 and 2009. The term “unrecognized tax benefits” in the accounting standards for income taxes refers to the differences between a tax position taken or expected to be taken in a tax return and the benefit measured and recognized in the financial statements. Interest and penalties are not included. </div> <div align="center"> <table style="font-size: 8pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="65%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2011</b></td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2010</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2009</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px">Balance at January 1 </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>3,507</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left">$</td> <td align="right">3,195</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">2,696</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Foreign currency effects </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(2</b></td> <td nowrap="nowrap"><b>)</b></td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">17</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(1</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px">Additions based on tax positions<br /> taken in current year </div></td> <td> </td> <td> </td> <td align="right"><b>469</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">334</td> <td> </td> <td> </td> <td> </td> <td align="right">459</td> <td> </td> </tr> <tr valign="bottom"> <td nowrap="nowrap"> <div style="margin-left:15px; text-indent:-15px">Reductions based on tax positions<br /> taken in current year </div></td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td nowrap="nowrap"> <div style="margin-left:15px; text-indent:-15px">Additions/reductions resulting from<br /> current-year asset acquisitions/sales </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(41</b></td> <td nowrap="nowrap"><b>)</b></td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Additions for tax positions taken<br />in prior years </div></td> <td> </td> <td> </td> <td align="right"><b>236</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">270</td> <td> </td> <td> </td> <td> </td> <td align="right">533</td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px">Reductions for tax positions taken<br /> in prior years </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(366</b></td> <td nowrap="nowrap"><b>)</b></td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(165</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(182</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Settlements with taxing authorities<br /> in current year </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(318</b></td> <td nowrap="nowrap"><b>)</b></td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(136</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(300</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom" style="background: #ffffff"> <td nowrap="nowrap"> <div style="margin-left:15px; text-indent:-15px">Reductions as a result of a lapse<br /> of the applicable statute of limitations </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(4</b></td> <td nowrap="nowrap"><b>)</b></td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(8</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(10</td> <td nowrap="nowrap">)</td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Balance at December 31 </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>3,481</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left">$</td> <td align="right">3,507</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">3,195</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-bottom: 3px solid #0077c0"> </td> <td colspan="6" align="left" style="border-bottom: 3px solid #0077c0"> </td> <td> </td> </tr>  </table> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">     Approximately 80 percent of the $3,481 of unrecognized tax benefits at December 31, 2011, would have an impact on the effective tax rate if subsequently recognized. Certain of these unrecognized tax benefits relate to tax carryforwards that may require a full valuation allowance at the time of any such recognition. </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">     Tax positions for Chevron and its subsidiaries and affiliates are subject to income tax audits by many tax jurisdictions throughout the world. For the company’s major tax jurisdictions, examinations of tax returns for certain prior tax years had not been completed as of December 31, 2011. For these jurisdictions, the latest years for which income tax examinations had been finalized were as follows: United States – 2007, Nigeria – 2000, Angola – 2001, Saudi Arabia – 2003 and Kazakhstan – 2005. </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">     The company engages in ongoing discussions with tax authorities regarding the resolution of tax matters in the various jurisdictions. Both the outcome of these tax matters and the timing of resolution and/or closure of the tax audits are highly uncertain. However, it is reasonably possible that developments on tax matters in certain tax jurisdictions may result in significant increases or decreases in the company’s total unrecognized tax benefits within the next 12 months. Given the number of years that still remain subject to examination and the number of matters being examined in the various tax jurisdictions, the company is unable to estimate the range of possible adjustments to the balance of unrecognized tax benefits. </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">     On the Consolidated Statement of Income, the company reports interest and penalties related to liabilities for uncertain tax positions as “Income tax expense.” As of December 31, 2011, accruals of $118 for anticipated interest and penalty obligations were included on the Consolidated Balance Sheet, compared with accruals of $225 as of year-end 2010. Income tax expense (benefit) associated with interest and penalties was $(64), $40 and $(20) in 2011, 2010 and 2009, respectively. </div> <div align="left" style="font-size: 10pt; margin-top: 12pt"><i>Taxes Other Than on Income</i> </div> <div align="center"> <table style="font-size: 8pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="65%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="11" style="border-bottom: 1px solid #0077c0">Year ended December 31</td> <td> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2011</b></td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2010</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2009</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px">United States </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td nowrap="nowrap"> <div style="margin-left:30px; text-indent:-15px">Excise and similar taxes<br /> on products and merchandise </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>4,199</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left">$</td> <td align="right">4,484</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">4,573</td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:30px; text-indent:-15px">Import duties and other levies </div></td> <td> </td> <td> </td> <td align="right"><b>4</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(4</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Property and other<br /> miscellaneous taxes </div></td> <td> </td> <td> </td> <td align="right"><b>726</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">567</td> <td> </td> <td> </td> <td> </td> <td align="right">584</td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:30px; text-indent:-15px">Payroll taxes </div></td> <td> </td> <td> </td> <td align="right"><b>236</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">219</td> <td> </td> <td> </td> <td> </td> <td align="right">223</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Taxes on production </div></td> <td> </td> <td> </td> <td align="right"><b>308</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">271</td> <td> </td> <td> </td> <td> </td> <td align="right">135</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px">Total United States </div></td> <td> </td> <td> </td> <td align="right"><b>5,473</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">5,541</td> <td> </td> <td> </td> <td> </td> <td align="right">5,511</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">International </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:30px; text-indent:-15px">Excise and similar taxes on<br /> products and merchandise </div></td> <td> </td> <td> </td> <td align="right"><b>3,886</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">4,107</td> <td> </td> <td> </td> <td> </td> <td align="right">3,536</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Import duties and other levies </div></td> <td> </td> <td> </td> <td align="right"><b>3,511</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">6,183</td> <td> </td> <td> </td> <td> </td> <td align="right">6,550</td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:30px; text-indent:-15px">Property and other<br /> miscellaneous taxes </div></td> <td> </td> <td> </td> <td align="right"><b>2,354</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">2,000</td> <td> </td> <td> </td> <td> </td> <td align="right">1,740</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Payroll taxes </div></td> <td> </td> <td> </td> <td align="right"><b>148</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">133</td> <td> </td> <td> </td> <td> </td> <td align="right">134</td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:30px; text-indent:-15px">Taxes on production </div></td> <td> </td> <td> </td> <td align="right"><b>256</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">227</td> <td> </td> <td> </td> <td> </td> <td align="right">120</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total International </div></td> <td> </td> <td> </td> <td align="right"><b>10,155</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">12,650</td> <td> </td> <td> </td> <td> </td> <td align="right">12,080</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px">Total taxes other than on income </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>15,628</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left">$</td> <td align="right">18,191</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">17,591</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-bottom: 3px solid #0077c0"> </td> <td colspan="6" align="left" style="border-bottom: 3px solid #0077c0"> </td> <td> </td> </tr>  </table> </div> </div> <div> <div align="left"> </div> </div> </div>

<div align="left" style="font-family: 'Times New Roman',Times,serif"> <div> <div align="left" style="font-size: 12pt; margin-top: 10pt; font-family: Helvetica,arial,sans-serif"><font color="#0077c0"><b>Note 16</b></font> </div> <div style="margin-top: 0pt"> <table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 8pt; text-align: left"> <tr valign="top" style="font-size: 10pt; color: #000000; background: transparent"> <td colspan="3"> <div align="left" style="font-size: 8pt; margin-top: 0pt; font-family: Helvetica,arial,sans-serif"> <font color="#0077c0">Short-Term Debt</font> </div></td> </tr> </table> </div> <div align="center"> <table style="font-size: 8pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="77%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="7" style="border-bottom: 1px solid #0077c0">At December 31</td> <td> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2011</b></td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2010</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="2" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px">Commercial paper* </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>2,498</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left">$</td> <td align="right">2,471</td> <td> </td> </tr> <tr valign="bottom"> <td nowrap="nowrap"> <div style="margin-left:15px; text-indent:-15px">Notes payable to banks and others with<br /> originating terms of one year or less </div></td> <td> </td> <td> </td> <td align="right"><b>40</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">43</td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px">Current maturities of long-term debt </div></td> <td> </td> <td> </td> <td align="right"><b>17</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">33</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Current maturities of long-term<br /> capital leases </div></td> <td> </td> <td> </td> <td align="right"><b>54</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">81</td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px">Redeemable long-term obligations </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Long-term debt </div></td> <td> </td> <td> </td> <td align="right"><b>3,317</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">2,943</td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:30px; text-indent:-15px">Capital leases </div></td> <td> </td> <td> </td> <td align="right"><b>14</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">16</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="2" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Subtotal </div></td> <td> </td> <td> </td> <td align="right"><b>5,940</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">5,587</td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px">Reclassified to long-term debt </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(5,600</b></td> <td nowrap="nowrap"><b>)</b></td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(5,400</td> <td nowrap="nowrap">)</td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="2" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total short-term debt </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>340</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left">$</td> <td align="right">187</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-bottom: 3px solid #0077c0"> </td> <td colspan="2" align="left" style="border-bottom: 3px solid #0077c0"> </td> <td> </td> </tr>  </table> </div> <div style="margin-top: 3pt"> <table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 7pt; text-align: left"> <tr> <td width="3%"></td> <td width="1%"></td> <td width="96%"></td> </tr> <tr valign="top"> <td nowrap="nowrap" align="left">*</td> <td> </td> <td>Weighted-average interest rates at December 31, 2011 and 2010, were 0.04 percent and 0.16 percent, respectively.</td> </tr> </table> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">Redeemable long-term obligations consist primarily of tax-exempt variable-rate put bonds that are included as current liabilities because they become redeemable at the option of the bondholders during the year following the balance sheet date. In 2011, $374 of tax-exempt bonds related to projects at the Pascagoula, Mississippi, refinery were issued. </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">     The company may periodically enter into interest rate swaps on a portion of its short-term debt. At December 31, 2011, the company had no interest rate swaps on short-term debt. </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">     At December 31, 2011, the company had $6,000 in committed credit facilities with various major banks, expiring in December 2016, that enable the refinancing of short-term obligations on a long-term basis. These facilities support commercial paper borrowing and can also be used for general corporate purposes. The company’s practice has been to continually replace expiring commitments with new commitments on substantially the same terms, maintaining levels management believes appropriate. Any borrowings under the facilities would be unsecured indebtedness at interest rates based on the London Interbank Offered Rate or an average of base lending rates published by specified banks and on terms reflecting the company’s strong credit rating. No borrowings were outstanding under these facilities at December 31, 2011. </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">     At December 31, 2011 and 2010, the company classified $5,600 and $5,400, respectively, of short-term debt as long-term. Settlement of these obligations is not expected to require the use of working capital within one year, as the company has both the intent and the ability, as evidenced by committed credit facilities, to refinance them on a long-term basis. </div> </div> <div> <div align="left"> </div> </div> </div>

<div align="left" style="font-family: 'Times New Roman',Times,serif"> <div> <div align="left" style="font-size: 12pt; margin-top: 10pt;font-family: Helvetica,arial,sans-serif"><font color="#0077c0"><b>Note 17</b></font> </div> <div align="left" style="font-size: 8pt; margin-top: 0pt; font-family: Helvetica,arial,sans-serif"><font color="#0077c0">Long-Term Debt</font> </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">Total long-term debt, excluding capital leases, at December 31, 2011, was $9,684. The company’s long-term debt outstanding at year-end 2011 and 2010 was as follows: </div> <div align="center"> <table style="font-size: 8pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="77%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="7" style="border-bottom: 1px solid #0077c0">At December 31</td> <td> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2011</b></td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2010</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="2" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px">3.95% notes due 2014 </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>1,998</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left">$</td> <td align="right">1,998</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">3.45% notes due 2012 </div></td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">1,500</td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px">4.95% notes due 2019 </div></td> <td> </td> <td> </td> <td align="right"><b>1,500</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">1,500</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">8.625% debentures due 2032 </div></td> <td> </td> <td> </td> <td align="right"><b>147</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">147</td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px">8.625% debentures due 2031 </div></td> <td> </td> <td> </td> <td align="right"><b>107</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">107</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">7.5% debentures due 2043 </div></td> <td> </td> <td> </td> <td align="right"><b>83</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">83</td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px">8% debentures due 2032 </div></td> <td> </td> <td> </td> <td align="right"><b>74</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">74</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">7.327% amortizing notes due 2014<sup style="font-size: 85%; vertical-align: text-top">1</sup> </div></td> <td> </td> <td> </td> <td align="right"><b>59</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">72</td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px">9.75% debentures due 2020 </div></td> <td> </td> <td> </td> <td align="right"><b>54</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">54</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">8.875% debentures due 2021 </div></td> <td> </td> <td> </td> <td align="right"><b>40</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">40</td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td nowrap="nowrap"> <div style="margin-left:15px; text-indent:-15px">Medium-term notes, maturing from<br /> 2021 to 2038 (6.02%)<sup style="font-size: 85%; vertical-align: text-top">2</sup> </div></td> <td> </td> <td> </td> <td align="right"><b>38</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">38</td> <td> </td> </tr> <tr valign="bottom"> <td nowrap="nowrap"> <div style="margin-left:15px; text-indent:-15px">Fixed interest rate notes, maturing 2011 (9.378%)<sup style="font-size: 85%; vertical-align: text-top">2</sup> </div></td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">19</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Other long-term debt (8.07%)<sup style="font-size: 85%; vertical-align: text-top">2</sup> </div></td> <td> </td> <td> </td> <td align="right"><b>1</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">4</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="2" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:30px; text-indent:-15px">Total including debt due within one year </div></td> <td> </td> <td> </td> <td align="right"><b>4,101</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">5,636</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:45px; text-indent:-15px">Debt due within one year </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(17</b></td> <td nowrap="nowrap"><b>)</b></td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(33</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:45px; text-indent:-15px">Reclassified from short-term debt </div></td> <td> </td> <td> </td> <td align="right"><b>5,600</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">5,400</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="2" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total long-term debt </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>9,684</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left">$</td> <td align="right">11,003</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-bottom: 3px solid #0077c0"> </td> <td colspan="2" align="left" style="border-bottom: 3px solid #0077c0"> </td> <td> </td> </tr>  </table> </div> <div style="margin-top: 3pt"> <table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 7pt; text-align: left"> <tr> <td width="3%"></td> <td width="1%"></td> <td width="96%"></td> </tr> <tr valign="top"> <td nowrap="nowrap" align="left"><sup style="font-size: 85%; vertical-align: text-top">1</sup></td> <td> </td> <td>Guarantee of ESOP debt.</td> </tr> <tr valign="top"> <td nowrap="nowrap" align="left"><sup style="font-size: 85%; vertical-align: text-top">2</sup></td> <td> </td> <td>Weighted-average interest rate at December 31, 2011 and 2010.</td> </tr> </table> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">     In March 2010, the company filed with the SEC an automatic registration statement that expires on February 28, 2013. This registration statement is for an unspecified amount of non-convertible debt securities issued or guaranteed by the company. </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">     Long-term debt of $4,101 matures as follows: 2012 – $17; 2013 – $20; 2014 – $2,021; 2015 - $0; 2016 – $0; and after 2016 – $2,043. </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">     In September 2011, $1,500 of Chevron Corp. bonds were redeemed early. In June 2010, $30 of Texaco Capital Inc. bonds matured. </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">     See Note 9, beginning on page FS-34, for information concerning the fair value of the company’s long-term debt. </div> </div> <div> <div align="left"> </div> </div> </div>

<div align="left" style="font-family: 'Times New Roman',Times,serif"> <div> <div align="left" style="font-size: 12pt; margin-top: 10pt;font-family: Helvetica,arial,sans-serif"><font color="#0077c0"><b>Note 18</b></font> </div> <div align="left" style="font-size: 8pt; margin-top: 0pt; font-family: Helvetica,arial,sans-serif"> <font color="#0077c0">New Accounting Standards</font> </div> <div align="left" style="font-size: 10pt; margin-top: 0pt"><font color="#e51837"><i>Fair Value Measurement (Topic 820), Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRS (ASU 2011-04)</i></font> In May 2011, the FASB issued ASU 2011-04, which becomes effective for the company on January 1, 2012. The amendments in ASU 2011-04 result in common fair value measurement and disclosure requirements in U.S. GAAP and IFRS. As a result of these amendments, the requirements in U.S. GAAP for measuring fair value and for disclosing information about fair value measurements were changed. The company does not anticipate changes to its existing classification and measurement of fair value when the amended standard becomes effective. However, the company’s disclosures on certain items not required to be measured at fair value are expected to be expanded when the amended standard becomes effective. </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">     <font color="#e51837"><i>Comprehensive Income (Topic 220) Presentation of Comprehensive Income (ASU 2011-05)</i></font> The FASB issued ASU 2011-05 in June 2011. This standard becomes effective for the company on January 1, 2012. ASU 2011-05 changes the presentation requirements for comprehensive income. Adoption of the standard is not expected to have a significant impact on the company’s current financial statement presentation. </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">     <font color="#e51837"><i>Intangibles</i>—<i>Goodwill and Other (Topic 350) Testing Goodwill for Impairment (ASU 2011-08)</i></font> In September 2011, the FASB issued ASU 2011-08, which becomes effective for the company on January 1, 2012. The standard simplifies how companies test goodwill for impairment. The company does not anticipate any impact to its results of operations, financial position or liquidity when the guidance becomes effective. </div> <div align="left"> </div> </div> </div>

<div align="left" style="font-family: 'Times New Roman',Times,serif"> <div> <div align="left" style="font-size: 12pt; margin-top: 10pt; font-family: Helvetica,arial,sans-serif"><font color="#0077c0"><b>Note 19</b></font> </div> <div align="left" style="font-size: 8pt; margin-top: 0pt; font-family: Helvetica,arial,sans-serif"><font color="#0077c0">Accounting for Suspended Exploratory Wells</font> </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">Accounting standards for the costs of exploratory wells (ASC 932) provide that exploratory well costs continue to be capitalized after the completion of drilling when (a) the well has found a sufficient quantity of reserves to justify completion as a producing well and (b) the entity is making sufficient progress assessing the reserves and the economic and operating viability of the project. If either condition is not met or if an enterprise obtains information that raises substantial doubt about the economic or operational viability of the project, the exploratory well would be assumed to be impaired, and its costs, net of any salvage value, would be charged to expense. (Note that an entity is not required to complete the exploratory well as a producing well.) The accounting standards provide a number of indicators that can assist an entity in demonstrating that sufficient progress is being made in assessing the reserves and economic viability of the project. The following table indicates the changes to the company’s suspended exploratory well costs for the three years ended December 31, 2011: </div> </div> <div align="center"> <table style="font-size: 8pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="65%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2011</b></td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2010</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2009</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px">Beginning balance at January 1 </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>2,718</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left">$</td> <td align="right">2,435</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">2,118</td> <td> </td> </tr> <tr valign="bottom"> <td nowrap="nowrap"> <div style="margin-left:15px; text-indent:-15px">Additions to capitalized exploratory<br /> well costs pending the <br /> determination of proved reserves </div></td> <td> </td> <td> </td> <td align="right"><b>652</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">482</td> <td> </td> <td> </td> <td> </td> <td align="right">663</td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td nowrap="nowrap"> <div style="margin-left:15px; text-indent:-15px">Reclassifications to wells, facilities<br /> and equipment based on the<br /> determination of proved reserves </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(828</b></td> <td nowrap="nowrap"><b>)</b></td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(129</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(174</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom"> <td nowrap="nowrap"> <div style="margin-left:15px; text-indent:-15px">Capitalized exploratory well costs<br /> charged to expense </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(45</b></td> <td nowrap="nowrap"><b>)</b></td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(70</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(172</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px">Other reductions* </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(63</b></td> <td nowrap="nowrap"><b>)</b></td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Ending balance at December 31 </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>2,434</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left">$</td> <td align="right">2,718</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">2,435</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-bottom: 3px solid #0077c0"> </td> <td colspan="6" align="left" style="border-bottom: 3px solid #0077c0"> </td> <td> </td> </tr>  </table> </div> <div style="margin-top: 3pt"> <table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 7pt; text-align: left"> <tr> <td width="3%"></td> <td width="1%"></td> <td width="96%"></td> </tr> <tr valign="top"> <td nowrap="nowrap" align="left">*</td> <td> </td> <td>Represents property sales.</td> </tr> </table> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">     The following table provides an aging of capitalized well costs and the number of projects for which exploratory well costs have been capitalized for a period greater than one year since the completion of drilling. </div> <div align="center"> <table style="font-size: 8pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="65%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="11" style="border-bottom: 1px solid #0077c0">At December 31</td> <td> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2011</b></td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2010</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2009</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td nowrap="nowrap"> <div style="margin-left:15px; text-indent:-15px">Exploratory well costs capitalized<br /> for a period of one year or less </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>557</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left">$</td> <td align="right">419</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">564</td> <td> </td> </tr> <tr valign="bottom"> <td nowrap="nowrap"> <div style="margin-left:15px; text-indent:-15px">Exploratory well costs capitalized<br /> for a period greater than one year </div></td> <td> </td> <td> </td> <td align="right"><b>1,877</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">2,299</td> <td> </td> <td> </td> <td> </td> <td align="right">1,871</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #000000; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px">Balance at December 31 </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>2,434</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left">$</td> <td align="right">2,718</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">2,435</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 3px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 3px solid #0077c0"> </td> <td align="left" style="border-top: 3px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 3px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td nowrap="nowrap"> <div style="margin-left:15px; text-indent:-15px">Number of projects with exploratory<br /> well costs that have been capitalized<br /> for a period greater than one year* </div></td> <td> </td> <td> </td> <td align="right"><b>47</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">53</td> <td> </td> <td> </td> <td> </td> <td align="right">46</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-bottom: 3px solid #0077c0"> </td> <td colspan="6" align="left" style="border-bottom: 3px solid #0077c0"> </td> <td> </td> </tr>  </table> </div> <div style="margin-top: 3pt"> <table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 7pt; text-align: left"> <tr> <td width="3%"></td> <td width="1%"></td> <td width="96%"></td> </tr> <tr valign="top"> <td nowrap="nowrap" align="left">*</td> <td> </td> <td>Certain projects have multiple wells or fields or both.</td> </tr> </table> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">     Of the $1,877 of exploratory well costs capitalized for more than one year at December 31, 2011, $939 (26 projects) is related to projects that had drilling activities under way or firmly planned for the near future. The $938 balance is related to 21 projects in areas requiring a major capital expenditure before production could begin and for which additional drilling efforts were not under way or firmly planned for the near future. Additional drilling was not deemed necessary because the presence of hydrocarbons had already been established, and other activities were in process to enable a future decision on project development. </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">     The projects for the $938 referenced above had the following activities associated with assessing the reserves and the projects’ economic viability: (a) $322 (six projects) – development alternatives under review; (b) $283 (five projects) – development concept under review by government; (c) $208 (seven projects) – undergoing front-end engineering and design with final investment decision expected within three years; (d) $111 (one project) – project sanction approved and construction is in progress, with initial recognition of proved reserves expected upon reaching “economic producibility” per SEC guidelines; (e) $14 – miscellaneous activities for two projects with smaller amounts suspended. While progress was being made on all 47 projects, the decision on the recognition of proved reserves under SEC rules in some cases may not occur for several years because of the complexity, scale and negotiations connected with the projects. The majority of these decisions are expected to occur in the next three years. </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">     The $1,877 of suspended well costs capitalized for a period greater than one year as of December 31, 2011, represents 161 exploratory wells in 47 projects. The tables below contain the aging of these costs on a well and project basis: </div> <div align="center"> <table style="font-size: 8pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="76%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">Number</td> <td> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td nowrap="nowrap" align="left"><i>Aging based on drilling completion date of individual wells:</i></td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">Amount</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">of wells</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="8" valign="top" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td valign="top"> <div style="margin-left:0px; text-indent:-0px">1997–2000 </div></td> <td> </td> <td nowrap="nowrap" align="right" valign="top">$</td> <td align="right" valign="top">49</td> <td nowrap="nowrap" valign="top"> </td> <td> </td> <td nowrap="nowrap" align="right" valign="top"> </td> <td align="right" valign="top">16</td> <td nowrap="nowrap" valign="top"> </td> </tr> <tr valign="bottom"> <td valign="top"> <div style="margin-left:0px; text-indent:-0px">2001–2005 </div></td> <td> </td> <td nowrap="nowrap" align="right" valign="top"> </td> <td align="right" valign="top">396</td> <td nowrap="nowrap" valign="top"> </td> <td> </td> <td nowrap="nowrap" align="right" valign="top"> </td> <td align="right" valign="top">47</td> <td nowrap="nowrap" valign="top"> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td valign="top"> <div style="margin-left:0px; text-indent:-0px">2006–2010 </div></td> <td> </td> <td nowrap="nowrap" align="right" valign="top"> </td> <td align="right" valign="top">1,432</td> <td nowrap="nowrap" valign="top"> </td> <td> </td> <td nowrap="nowrap" align="right" valign="top"> </td> <td align="right" valign="top">98</td> <td nowrap="nowrap" valign="top"> </td> </tr> <tr style="font-size: 1px"> <td colspan="8" valign="top" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td valign="top"> <div style="margin-left:0px; text-indent:-0px">Total </div></td> <td> </td> <td nowrap="nowrap" align="right" valign="top">$</td> <td align="right" valign="top">1,877</td> <td nowrap="nowrap" valign="top"> </td> <td> </td> <td nowrap="nowrap" align="right" valign="top"> </td> <td align="right" valign="top">161</td> <td nowrap="nowrap" valign="top"> </td> </tr> <tr style="font-size: 1px"> <td colspan="8" valign="top" align="left" style="border-top: 3px solid #0077c0"> </td> <td> </td> </tr> <tr style="font-size: 10pt"> <td valign="top"> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td nowrap="nowrap" align="left"><i>Aging based on drilling completion date of last</i></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">Number</td> <td> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td nowrap="nowrap" align="left" style="border-bottom: 0px solid #0077c0"><i>suspended well in project:</i></td> <td> </td> <td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 0px solid #0077c0">Amount</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 0px solid #0077c0">of projects</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="8" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px">1999 </div></td> <td> </td> <td align="left">$</td> <td align="right">8</td> <td> </td> <td> </td> <td> </td> <td align="right">1</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">2003–2006 </div></td> <td> </td> <td> </td> <td align="right">345</td> <td> </td> <td> </td> <td> </td> <td align="right">10</td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px">2007–2011 </div></td> <td> </td> <td> </td> <td align="right">1,524</td> <td> </td> <td> </td> <td> </td> <td align="right">36</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="8" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total </div></td> <td> </td> <td align="left">$</td> <td align="right">1,877</td> <td> </td> <td> </td> <td> </td> <td align="right">47</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="8" align="left" style="border-top: 3px solid #0077c0"> </td> <td> </td> </tr>  </table> </div> <div align="left"> </div> </div>

<div align="left" style="font-family: 'Times New Roman',Times,serif"> <div align="left" style="font-size: 12pt; margin-top: 10pt; font-family: Helvetica,arial,sans-serif"><font color="#0077c0"><b>Note 20</b></font> </div> <div align="left" style="font-size: 8pt; margin-top: 0pt; font-family: Helvetica,arial,sans-serif"><font color="#0077c0">Stock Options and Other Share-Based Compensation </font> </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">Compensation expense for stock options for 2011, 2010 and 2009 was $265 ($172 after tax), $229 ($149 after tax) and $182 ($119 after tax), respectively. In addition, compensation expense for stock appreciation rights, restricted stock, performance units and restricted stock units was $214 ($139 after tax), $194 ($126 after tax) and $170 ($110 after tax) for 2011, 2010 and 2009, respectively. No significant stock-based compensation cost was capitalized at December 31, 2011 and 2010. </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">     Cash received in payment for option exercises under all share-based payment arrangements for 2011, 2010 and 2009 was $948, $385 and $147, respectively. Actual tax benefits realized for the tax deductions from option exercises were $121, $66 and $25 for 2011, 2010 and 2009, respectively. </div> </div> <div style="font-family: 'Times New Roman',Times,serif"> <div> <div align="left" style="font-size: 10pt; margin-top: 6pt">     Cash paid to settle performance units and stock appreciation rights was $151, $140 and $89 for 2011, 2010 and 2009, respectively. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt"><font color="#e51837"><i>Chevron Long-Term Incentive Plan (LTIP)</i></font> Awards under the LTIP may take the form of, but are not limited to, stock options, restricted stock, restricted stock units, stock appreciation rights, performance units and nonstock grants. From April 2004 through January 2014, no more than 160 million shares may be issued under the LTIP, and no more than 64 million of those shares may be in a form other than a stock option, stock appreciation right or award requiring full payment for shares by the award recipient. For the major types of awards outstanding as of December 31, 2011, the contractual terms vary between three years for the performance units and 10 years for the stock options and stock appreciation rights. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt"><font color="#e51837"><i>Texaco Stock Incentive Plan (Texaco SIP)</i></font> On the closing of the acquisition of Texaco in October 2001, outstanding options granted under the Texaco SIP were converted to Chevron options. These options, which had 10-year contractual lives extending into 2011, retained a provision for being restored. This provision enabled a participant who exercised a stock option to receive new options equal to the number of shares exchanged or who had shares withheld to satisfy tax withholding obligations to receive new options equal to the number of shares exchanged or withheld. The restored options were fully exercisable six months after the date of grant, and the exercise price was the market value of the common stock on the day the restored option was granted. Beginning in 2007, restored options were issued under the LTIP. No further awards may be granted under the former Texaco plans. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt"><font color="#e51837"><i>Unocal Share-Based Plans (Unocal Plans)</i></font> When Chevron acquired Unocal in August 2005, outstanding stock options and stock appreciation rights granted under various Unocal Plans were exchanged for fully vested Chevron options and appreciation rights. These awards retained the same provisions as the original Unocal Plans. Unexercised awards began expiring in early 2010 and will continue to expire through early 2015. </div> </div> <div> <div align="left" style="font-size: 10pt; margin-top: 6pt">     The fair market values of stock options and stock appreciation rights granted in 2011, 2010 and 2009 were measured on the date of grant using the Black-Scholes option-pricing model, with the following weighted-average assumptions: </div> <div align="center"> <table style="font-size: 8pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="65%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="11" style="border-bottom: 1px solid #0077c0">Year ended December 31</td> <td> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2011</b></td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2010</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2009</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="1" align="left" style="border-top: 1px solid #0077c0; border-right: 1px solid #0077c0"> </td> <td colspan="7" align="left" style="border-top: 1px solid #0077c0"> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Stock Options</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Expected term in years<sup style="font-size: 85%; vertical-align: text-top">1</sup> </div></td> <td> </td> <td> </td> <td align="right"><b>6.2</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td></td> <td> </td> <td align="right">6.1</td> <td> </td> <td> </td> <td> </td> <td align="right">6.0</td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:30px; text-indent:-15px">Volatility<sup style="font-size: 85%; vertical-align: text-top">2</sup> </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>31.0</b></td> <td nowrap="nowrap"><b>%</b></td> <td style="border-right: 1px solid #0077c0"> </td> <td></td> <td nowrap="nowrap" align="left"> </td> <td align="right">30.8</td> <td nowrap="nowrap">%</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">30.2</td> <td nowrap="nowrap">%</td> </tr> <tr valign="bottom"> <td nowrap="nowrap"> <div style="margin-left:30px; text-indent:-15px">Risk-free interest rate based on<br /> zero coupon U.S. treasury note </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>2.6</b></td> <td nowrap="nowrap"><b>%</b></td> <td style="border-right: 1px solid #0077c0"> </td> <td></td> <td nowrap="nowrap" align="left"> </td> <td align="right">2.9</td> <td nowrap="nowrap">%</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">2.1</td> <td nowrap="nowrap">%</td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:30px; text-indent:-15px">Dividend yield </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>3.6</b></td> <td nowrap="nowrap"><b>%</b></td> <td style="border-right: 1px solid #0077c0"> </td> <td></td> <td nowrap="nowrap" align="left"> </td> <td align="right">3.9</td> <td nowrap="nowrap">%</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">3.2</td> <td nowrap="nowrap">%</td> </tr> <tr valign="bottom"> <td nowrap="nowrap"> <div style="margin-left:30px; text-indent:-15px">Weighted-average fair value per<br /> option granted </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>21.24</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td></td> <td align="left">$</td> <td align="right">16.28</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">15.36</td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Restored Options</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Expected term in years<sup style="font-size: 85%; vertical-align: text-top">1</sup> </div></td> <td> </td> <td> </td> <td align="right"><b>1.2</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td></td> <td> </td> <td align="right">1.2</td> <td> </td> <td> </td> <td> </td> <td align="right">1.2</td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:30px; text-indent:-15px">Volatility<sup style="font-size: 85%; vertical-align: text-top">2</sup> </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>20.6</b></td> <td nowrap="nowrap"><b>%</b></td> <td style="border-right: 1px solid #0077c0"> </td> <td></td> <td nowrap="nowrap" align="left"> </td> <td align="right">38.9</td> <td nowrap="nowrap">%</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">45.0</td> <td nowrap="nowrap">%</td> </tr> <tr valign="bottom"> <td nowrap="nowrap"> <div style="margin-left:30px; text-indent:-15px">Risk-free interest rate based on<br /> zero coupon U.S. treasury note </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>0.7</b></td> <td nowrap="nowrap"><b>%</b></td> <td style="border-right: 1px solid #0077c0"> </td> <td></td> <td nowrap="nowrap" align="left"> </td> <td align="right">0.6</td> <td nowrap="nowrap">%</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">1.1</td> <td nowrap="nowrap">%</td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:30px; text-indent:-15px">Dividend yield </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>3.4</b></td> <td nowrap="nowrap"><b>%</b></td> <td style="border-right: 1px solid #0077c0"> </td> <td></td> <td nowrap="nowrap" align="left"> </td> <td align="right">3.8</td> <td nowrap="nowrap">%</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">3.5</td> <td nowrap="nowrap">%</td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Weighted-average fair value per option granted </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>7.55</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td></td> <td align="left">$</td> <td align="right">12.91</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">12.38</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 3px solid #0077c0"> </td> </tr>  </table> </div> <div style="margin-top: 3pt"> <table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 7pt; text-align: left"> <tr> <td width="3%"></td> <td width="1%"></td> <td width="96%"></td> </tr> <tr valign="top"> <td nowrap="nowrap" align="left"><sup style="font-size: 85%; vertical-align: text-top">1</sup></td> <td> </td> <td>Expected term is based on historical exercise and postvesting cancellation data.</td> </tr> <tr style="font-size: 1pt"> <td> </td> </tr> <tr valign="top"> <td nowrap="nowrap" align="left"><sup style="font-size: 85%; vertical-align: text-top">2</sup></td> <td> </td> <td>Volatility rate is based on historical stock prices over an appropriate period, generally equal to the expected term.</td> </tr> </table> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">     A summary of option activity during 2011 is presented below: </div> <div align="center"> <table style="font-size: 8pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="52%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">Weighted-</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">Weighted-</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">Average</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">Average</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">Remaining</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">Aggregate</td> <td> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">Shares</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">Exercise</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">Contractual</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">Intrinsic</td> <td> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">(Thousands)</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">Price</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">Term</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">Value</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="16" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td nowrap="nowrap"> <div style="margin-left:8px; text-indent:-8px"><b>Outstanding at<br /> January 1, 2011</b> </div></td> <td> </td> <td> </td> <td align="right">74,852</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">67.04</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Granted </div></td> <td> </td> <td> </td> <td align="right">14,260</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">94.46</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:30px; text-indent:-15px">Exercised </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(15,844</td> <td nowrap="nowrap">)</td> <td> </td> <td align="left">$</td> <td align="right">60.20</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Restored </div></td> <td> </td> <td> </td> <td align="right">33</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">103.96</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:30px; text-indent:-15px">Forfeited </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(953</td> <td nowrap="nowrap">)</td> <td> </td> <td align="left">$</td> <td align="right">85.79</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td nowrap="nowrap"> <div style="margin-left:8px; text-indent:-8px"><b>Outstanding at<br /> December 31, 2011</b> </div></td> <td> </td> <td> </td> <td align="right">72,348</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">73.71</td> <td> </td> <td> </td> <td colspan="3" align="center">6.4 yrs</td> <td> </td> <td align="left">$</td> <td align="right">2,365</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="16" align="left" style="border-top: 3px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td nowrap="nowrap"> <div style="margin-left:8px; text-indent:-8px"><b>Exercisable at<br /> December 31, 2011</b> </div></td> <td> </td> <td> </td> <td align="right">45,494</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">67.84</td> <td> </td> <td> </td> <td colspan="3" align="center">5.3 yrs</td> <td> </td> <td align="left">$</td> <td align="right">1,755</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="16" align="left" style="border-top: 3px solid #0077c0"> </td> <td> </td> </tr>  </table> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">     The total intrinsic value (i.e., the difference between the exercise price and the market price) of options exercised during 2011, 2010 and 2009 was $668, $259 and $91, respectively. During this period, the company continued its practice of issuing treasury shares upon exercise of these awards. </div> </div> <div> <div align="left" style="font-size: 10pt; margin-top: 6pt">     As of December 31, 2011, there was $265 of total unrecognized before-tax compensation cost related to non-vested share-based compensation arrangements granted or restored under the plans. That cost is expected to be recognized over a weighted-average period of 1.7 years. </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">     At January 1, 2011, the number of LTIP performance units outstanding was equivalent to 2,727,874 shares. During 2011, 1,011,200 units were granted, 810,071 units vested with cash proceeds distributed to recipients and 47,167 units were forfeited. At December 31, 2011, units outstanding were 2,881,836, and the fair value of the liability recorded for these instruments was $294. In addition, outstanding stock appreciation rights and other awards that were granted under various LTIP and former Texaco and Unocal programs totaled approximately 2.2 million equivalent shares as of December 31, 2011. A liability of $62 was recorded for these awards. </div> <div align="left"> </div> </div> </div>

<div style="font-family: 'Times New Roman',Times,serif"> <div> <div align="left" style="font-size: 12pt; margin-top: 10pt; font-family: Helvetica,Arial,sans-serif"><font color="#0077c0"><b>Note 21</b></font> </div> <div align="left" style="font-size: 8pt; margin-top: 0pt; font-family: Helvetica,arial,sans-serif"><font color="#0077c0">Employee Benefit Plans</font> </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">The company has defined benefit pension plans for many employees. The company typically prefunds defined benefit plans as required by local regulations or in certain situations where prefunding provides economic advantages. In the United States, all qualified plans are subject to the Employee Retirement Income Security Act (ERISA) minimum funding standard. The company does not typically fund U.S. nonqualified pension plans that are not subject to funding requirements under laws and regulations because contributions to these pension plans may be less economic and investment returns may be less attractive than the company’s other investment alternatives. </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">     The company also sponsors other postretirement (OPEB) plans that provide medical and dental benefits, as well as life insurance for some active and qualifying retired employees. The plans are unfunded, and the company and retirees share the costs. Medical coverage for Medicare-eligible retirees in the company’s main U.S. medical plan is secondary to Medicare (including Part D) and the increase to the company contribution for retiree medical coverage is limited to no more than 4 percent each year. Certain life insurance benefits are paid by the company. </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">     Under accounting standards for postretirement benefits (ASC 715), the company recognizes the overfunded or underfunded status of each of its defined benefit pension and OPEB plans as an asset or liability on the Consolidated Balance Sheet. </div> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">     The funded status of the company’s pension and other postretirement benefit plans for 2011 and 2010 follows: </div> <div align="center"> <table style="font-size: 8pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="30%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="15" style="border-bottom: 1px solid #0077c0">Pension Benefits</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="7"> </td> <td> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #0077c0"><b>2011</b></td> <td style="border-bottom: 1px solid #0077c0"> </td> <td style="border-bottom: 1px solid #0077c0"> </td> <td style="border-bottom: 1px solid #0077c0"> </td> <td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #0077c0">2010</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="7" style="border-bottom: 1px solid #0077c0">Other Benefits</td> <td> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">U.S.</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">Int’l.</td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">U.S.</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">Int’l.</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2011</b></td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2010</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td colspan="3" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="2" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Change in Benefit Obligation</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Benefit obligation at January 1 </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>10,271</b></td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>5,070</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left">$</td> <td align="right">9,664</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">4,715</td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>3,605</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left">$</td> <td align="right">3,065</td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:30px; text-indent:-15px">Service cost </div></td> <td> </td> <td> </td> <td align="right"><b>374</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>174</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">337</td> <td> </td> <td> </td> <td> </td> <td align="right">153</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>58</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">39</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Interest cost </div></td> <td> </td> <td> </td> <td align="right"><b>463</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>325</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">486</td> <td> </td> <td> </td> <td> </td> <td align="right">307</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>180</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">175</td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:30px; text-indent:-15px">Plan participants’ contributions </div></td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>6</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> <td> </td> <td> </td> <td align="right">7</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>148</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">147</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Plan amendments </div></td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>27</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">12</td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:30px; text-indent:-15px">Actuarial loss (gain) </div></td> <td> </td> <td> </td> <td align="right"><b>1,920</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>318</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">568</td> <td> </td> <td> </td> <td> </td> <td align="right">200</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>149</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">486</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Foreign currency exchange rate changes </div></td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(98</b></td> <td nowrap="nowrap"><b>)</b></td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(17</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(19</b></td> <td nowrap="nowrap"><b>)</b></td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">11</td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:30px; text-indent:-15px">Benefits paid </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(863</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(303</b></td> <td nowrap="nowrap"><b>)</b></td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(784</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(295</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(346</b></td> <td nowrap="nowrap"><b>)</b></td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(330</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Curtailment </div></td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(10</b></td> <td nowrap="nowrap"><b>)</b></td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td colspan="3" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="2" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px">Benefit obligation at December 31 </div></td> <td> </td> <td> </td> <td align="right"><b>12,165</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>5,519</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">10,271</td> <td> </td> <td> </td> <td> </td> <td align="right">5,070</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>3,765</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">3,605</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td colspan="3" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="2" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Change in Plan Assets</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:30px; text-indent:-15px">Fair value of plan assets at January 1 </div></td> <td> </td> <td> </td> <td align="right"><b>8,579</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>3,503</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">7,304</td> <td> </td> <td> </td> <td> </td> <td align="right">3,235</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Actual return on plan assets </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(143</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td> </td> <td align="right"><b>118</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">867</td> <td> </td> <td> </td> <td> </td> <td align="right">361</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:30px; text-indent:-15px">Foreign currency exchange rate changes </div></td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(66</b></td> <td nowrap="nowrap"><b>)</b></td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(63</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Employer contributions </div></td> <td> </td> <td> </td> <td align="right"><b>1,147</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>319</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">1,192</td> <td> </td> <td> </td> <td> </td> <td align="right">258</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>198</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">183</td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:30px; text-indent:-15px">Plan participants’ contributions </div></td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>6</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> <td> </td> <td> </td> <td align="right">7</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>148</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">147</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Benefits paid </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(863</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(303</b></td> <td nowrap="nowrap"><b>)</b></td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(784</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(295</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(346</b></td> <td nowrap="nowrap"><b>)</b></td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(330</td> <td nowrap="nowrap">)</td> </tr> <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td colspan="3" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="2" nowrap="nowrap" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px">Fair value of plan assets at December 31 </div></td> <td> </td> <td> </td> <td align="right"><b>8,720</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>3,577</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">8,579</td> <td> </td> <td> </td> <td> </td> <td align="right">3,503</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td colspan="3" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="2" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Funded Status at December 31</b> </div></td> <td> </td> <td nowrap="nowrap" align="left"><b>$</b></td> <td align="right"><b>(3,445</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td nowrap="nowrap" align="left"><b>$</b></td> <td align="right"><b>(1,942</b></td> <td nowrap="nowrap"><b>)</b></td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(1,692</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(1,567</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"><b>$</b></td> <td align="right"><b>(3,765</b></td> <td nowrap="nowrap"><b>)</b></td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(3,605</td> <td nowrap="nowrap">)</td> </tr> <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 3px solid #0077c0"> </td> <td align="left" style="border-right: 0px solid #000000; border-top: 3px solid #0077c0"> </td> <td align="left" style="border-top: 3px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 3px solid #0077c0"> </td> <td> </td> <td> </td> <td colspan="3" align="left" style="border-top: 3px solid #0077c0"> </td> <td align="left" style="border-right: 0px solid #000000; border-top: 3px solid #0077c0"> </td> <td align="left" style="border-top: 3px solid #0077c0"> </td> <td colspan="2" nowrap="nowrap" align="left" style="border-top: 3px solid #0077c0"> </td> <td> </td> </tr>  </table> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">     Amounts recognized on the Consolidated Balance Sheet for the company’s pension and other postretirement benefit plans at December 31, 2011 and 2010, include: </div> <div align="center"> <table style="font-size: 8pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="30%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="15" style="border-bottom: 1px solid #0077c0">Pension Benefits</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="7"> </td> <td> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #0077c0"><b>2011</b></td> <td style="border-bottom: 1px solid #0077c0"> </td> <td style="border-bottom: 1px solid #0077c0"> </td> <td style="border-bottom: 1px solid #0077c0"> </td> <td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #0077c0">2010</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="7" style="border-bottom: 1px solid #0077c0">Other Benefits</td> <td> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">U.S.</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">Int’l.</td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">U.S.</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">Int’l.</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2011</b></td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2010</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td colspan="3" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="2" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px">Deferred charges and other assets </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>5</b></td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>116</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left">$</td> <td align="right">7</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">77</td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>–</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left">$</td> <td align="right">–</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Accrued liabilities </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(72</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(84</b></td> <td nowrap="nowrap"><b>)</b></td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(134</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(71</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(222</b></td> <td nowrap="nowrap"><b>)</b></td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(225</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px">Reserves for employee benefit plans </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(3,378</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(1,974</b></td> <td nowrap="nowrap"><b>)</b></td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(1,565</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(1,573</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(3,543</b></td> <td nowrap="nowrap"><b>)</b></td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(3,380</td> <td nowrap="nowrap">)</td> </tr> <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td colspan="3" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="2" nowrap="nowrap" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Net amount recognized at December 31</b> </div></td> <td> </td> <td nowrap="nowrap" align="left"><b>$</b></td> <td align="right"><b>(3,445</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td nowrap="nowrap" align="left"><b>$</b></td> <td align="right"><b>(1,942</b></td> <td nowrap="nowrap"><b>)</b></td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(1,692</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(1,567</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"><b>$</b></td> <td align="right"><b>(3,765</b></td> <td nowrap="nowrap"><b>)</b></td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(3,605</td> <td nowrap="nowrap">)</td> </tr> <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 3px solid #0077c0"> </td> <td align="left" style="border-right: 0px solid #000000; border-top: 3px solid #0077c0"> </td> <td align="left" style="border-top: 3px solid #0077c0"> </td> <td colspan="11" align="left" style="border-top: 3px solid #0077c0"> </td> <td align="left" style="border-right: 0px solid #000000; border-top: 3px solid #0077c0"> </td> <td align="left" style="border-top: 3px solid #0077c0"> </td> <td colspan="2" align="left" style="border-top: 3px solid #0077c0"> </td> <td> </td> </tr>  </table> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">     Amounts recognized on a before-tax basis in “Accumulated other comprehensive loss” for the company’s pension and OPEB plans were $9,279 and $6,749 at the end of 2011 and 2010, respectively. These amounts consisted of: </div> <div align="center"> <table style="font-size: 8pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="30%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="15" style="border-bottom: 1px solid #0077c0">Pension Benefits</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="7"> </td> <td> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #0077c0"><b>2011</b></td> <td style="border-bottom: 1px solid #0077c0"> </td> <td style="border-bottom: 1px solid #0077c0"> </td> <td style="border-bottom: 1px solid #0077c0"> </td> <td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #0077c0">2010</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="7" style="border-bottom: 1px solid #0077c0">Other Benefits</td> <td> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 0px solid #0077c0">U.S.</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 0px solid #0077c0">Int’l.</td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 0px solid #0077c0">U.S.</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 0px solid #0077c0">Int’l.</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 0px solid #0077c0"><b>2011</b></td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 0px solid #0077c0">2010</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td colspan="3" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="2" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px">Net actuarial loss </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>5,982</b></td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>2,250</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left">$</td> <td align="right">3,919</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,903</td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>1,002</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left">$</td> <td align="right">935</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Prior service (credit) costs </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(44</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td> </td> <td align="right"><b>152</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(52</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">179</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(63</b></td> <td nowrap="nowrap"><b>)</b></td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(135</td> <td nowrap="nowrap">)</td> </tr> <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td colspan="3" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="2" nowrap="nowrap" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Total recognized at December 31</b> </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>5,938</b></td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>2,402</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left">$</td> <td align="right">3,867</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">2,082</td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>939</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left">$</td> <td align="right">800</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 3px solid #0077c0"> </td> <td align="left" style="border-right: 0px solid #000000; border-top: 3px solid #0077c0"> </td> <td align="left" style="border-top: 3px solid #0077c0"> </td> <td colspan="11" align="left" style="border-top: 3px solid #0077c0"> </td> <td align="left" style="border-right: 0px solid #000000; border-top: 3px solid #0077c0"> </td> <td align="left" style="border-top: 3px solid #0077c0"> </td> <td colspan="2" align="left" style="border-top: 3px solid #0077c0"> </td> <td> </td> </tr>  </table> </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">     The accumulated benefit obligations for all U.S. and international pension plans were $11,198 and $4,518, respectively, at December 31, 2011, and $9,535 and $4,161, respectively, at December 31, 2010. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">       </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">     Information for U.S. and international pension plans with an accumulated benefit obligation in excess of plan assets at December 31, 2011 and 2010, was: </div> <div> <div align="center"> <table style="font-size: 8pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="53%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="15" style="border-bottom: 1px solid #0077c0">Pension Benefits</td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #0077c0"><b>2011</b></td> <td style="border-bottom: 1px solid #0077c0"> </td> <td style="border-bottom: 1px solid #0077c0"> </td> <td style="border-bottom: 1px solid #0077c0"> </td> <td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #0077c0">2010</td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">U.S.</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">Int’l.</td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">U.S.</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">Int’l.</td> </tr>   <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 1px solid #0077c0"> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px">Projected benefit obligations </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>12,157</b></td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>4,207</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left">$</td> <td align="right">10,265</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">3,668</td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Accumulated benefit obligations </div></td> <td> </td> <td> </td> <td align="right"><b>11,191</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>3,586</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">9,528</td> <td> </td> <td> </td> <td> </td> <td align="right">3,113</td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Fair value of plan assets </div></td> <td> </td> <td> </td> <td align="right"><b>8,707</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>2,357</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">8,566</td> <td> </td> <td> </td> <td> </td> <td align="right">2,190</td> </tr> <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 3px solid #0077c0"> </td> <td align="left" style="border-right: 0px solid #000000; border-top: 3px solid #0077c0"> </td> <td align="left" style="border-top: 3px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 3px solid #0077c0"> </td> </tr>  </table> </div> </div> <div> <div align="left" style="font-size: 10pt; margin-top: 6pt">       </div> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">     The components of net periodic benefit cost and amounts recognized in other comprehensive income for 2011, 2010 and 2009 are shown in the table below: </div> <div align="center"> <table style="font-size: 8pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="19%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="4%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="4%"> </td> <td width="1%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="4%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="4%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="4%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="4%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="4%"> </td> <td width="1%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="4%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="4%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="7" style="border-bottom: 1px solid #0077c0"> </td> <td align="right" colspan="16" style="border-right: 0px solid #0077c0; border-bottom: 1px solid #0077c0">Pension Benefits</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" > </td> <td></td> <td></td> <td style="border-right: 0px solid #0077c0"> </td> <td></td> <td></td> <td></td> <td></td> <td></td> <td></td> <td></td> <td> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #0077c0"><b>2011</b></td> <td style="border-bottom: 1px solid #0077c0"> </td> <td style="border-right: 0px solid #0077c0; border-bottom: 1px solid #0077c0"> </td> <td style="border-bottom: 1px solid #0077c0"> </td> <td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #0077c0">2010</td> <td style="border-bottom: 1px solid #0077c0"> </td> <td style="border-bottom: 1px solid #0077c0"> </td> <td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #0077c0">2009</td> <td style="border-bottom: 0px solid #0077c0"> </td> <td style="border-bottom: 0px solid #0077c0"> </td> <td nowrap="nowrap" align="right" colspan="11" style="border-bottom: 1px solid #0077c0">Other Benefits</td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td style="border-bottom: 1px solid #0077c0"> </td> <td style="border-bottom: 1px solid #0077c0"> </td> <td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #0077c0">U.S.</td> <td style="border-bottom: 1px solid #0077c0"> </td> <td style="border-bottom: 1px solid #0077c0"> </td> <td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #0077c0">Int’l.</td> <td style="border-bottom: 1px solid #0077c0"> </td> <td style="border-right: 0px solid #0077c0; border-bottom: 1px solid #0077c0"> </td> <td style="border-bottom: 1px solid #0077c0"> </td> <td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #0077c0">U.S.</td> <td style="border-bottom: 1px solid #0077c0"> </td> <td style="border-bottom: 1px solid #0077c0"> </td> <td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #0077c0">Int’l.</td> <td style="border-bottom: 1px solid #0077c0"> </td> <td style="border-bottom: 1px solid #0077c0"> </td> <td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #0077c0">U.S.</td> <td style="border-bottom: 1px solid #0077c0"> </td> <td style="border-bottom: 1px solid #0077c0"> </td> <td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #0077c0">Int’l.</td> <td style="border-bottom: 0px solid #0077c0"> </td> <td style="border-bottom: 0px solid #0077c0"> </td> <td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #0077c0"><b>2011</b></td> <td style="border-bottom: 1px solid #0077c0"> </td> <td style="border-right: 0px solid #0077c0; border-bottom: 1px solid #0077c0"> </td> <td style="border-bottom: 1px solid #0077c0"> </td> <td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #0077c0">2010</td> <td style="border-bottom: 1px solid #0077c0"> </td> <td style="border-bottom: 1px solid #0077c0"> </td> <td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #0077c0">2009</td> <td> </td> </tr>   <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Net Periodic Benefit Cost</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Service cost </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>374</b></td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>174</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left">$</td> <td align="right">337</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">153</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">266</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">128</td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>58</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left">$</td> <td align="right">39</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">43</td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:30px; text-indent:-15px">Interest cost </div></td> <td> </td> <td> </td> <td align="right"><b>463</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>325</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">486</td> <td> </td> <td> </td> <td> </td> <td align="right">307</td> <td> </td> <td> </td> <td> </td> <td align="right">481</td> <td> </td> <td> </td> <td> </td> <td align="right">292</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>180</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">175</td> <td> </td> <td> </td> <td> </td> <td align="right">180</td> <td> </td> </tr> <tr valign="bottom"> <td nowrap="nowrap"> <div style="margin-left:30px; text-indent:-15px">Expected return on plan assets </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(613</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(283</b></td> <td nowrap="nowrap"><b>)</b></td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(538</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(241</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(395</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(203</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:30px; text-indent:-15px">Amortization of prior service (credits) costs </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(8</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td> </td> <td align="right"><b>19</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(8</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">22</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(7</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">23</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(72</b></td> <td nowrap="nowrap"><b>)</b></td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(75</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(81</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Recognized actuarial losses </div></td> <td> </td> <td> </td> <td align="right"><b>310</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>101</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">318</td> <td> </td> <td> </td> <td> </td> <td align="right">98</td> <td> </td> <td> </td> <td> </td> <td align="right">298</td> <td> </td> <td> </td> <td> </td> <td align="right">108</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>64</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">27</td> <td> </td> <td> </td> <td> </td> <td align="right">27</td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:30px; text-indent:-15px">Settlement losses </div></td> <td> </td> <td> </td> <td align="right"><b>298</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">186</td> <td> </td> <td> </td> <td> </td> <td align="right">6</td> <td> </td> <td> </td> <td> </td> <td align="right">141</td> <td> </td> <td> </td> <td> </td> <td align="right">1</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Curtailment losses (gains) </div></td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>35</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(10</b></td> <td nowrap="nowrap"><b>)</b></td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(5</td> <td nowrap="nowrap">)</td> </tr> <tr style="font-size: 1px"> <td align="left" colspan="9" style="border-top: 1px solid #0077c0"> </td> <td style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" colspan="15" style="border-top: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="left" colspan="3" style="border-top: 1px solid #0077c0"> </td> <td style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td nowrap="nowrap" align="left" colspan="7" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px">Total net periodic benefit cost </div></td> <td> </td> <td> </td> <td align="right"><b>824</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>371</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">781</td> <td> </td> <td> </td> <td> </td> <td align="right">345</td> <td> </td> <td> </td> <td> </td> <td align="right">784</td> <td> </td> <td> </td> <td> </td> <td align="right">349</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>220</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">166</td> <td> </td> <td> </td> <td> </td> <td align="right">164</td> <td> </td> </tr> <tr style="font-size: 1px"> <td align="left" colspan="9" style="border-top: 1px solid #0077c0"> </td> <td style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" colspan="15" style="border-top: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="left" colspan="3" style="border-top: 1px solid #0077c0"> </td> <td style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td nowrap="nowrap" align="left" colspan="7" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Changes Recognized in Other Comprehensive Income</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:30px; text-indent:-15px">Net actuarial loss during period </div></td> <td> </td> <td> </td> <td align="right"><b>2,671</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>448</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">242</td> <td> </td> <td> </td> <td> </td> <td align="right">118</td> <td> </td> <td> </td> <td> </td> <td align="right">823</td> <td> </td> <td> </td> <td> </td> <td align="right">194</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>131</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">497</td> <td> </td> <td> </td> <td> </td> <td align="right">82</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Amortization of actuarial loss </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(608</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(101</b></td> <td nowrap="nowrap"><b>)</b></td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(504</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(104</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(439</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(109</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(64</b></td> <td nowrap="nowrap"><b>)</b></td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(27</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(27</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:30px; text-indent:-15px">Prior service cost during period </div></td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>27</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> <td> </td> <td> </td> <td align="right">1</td> <td> </td> <td> </td> <td> </td> <td align="right">13</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">12</td> <td> </td> <td> </td> <td> </td> <td align="right">20</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Amortization of prior service credits (costs) </div></td> <td> </td> <td> </td> <td align="right"><b>8</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(54</b></td> <td nowrap="nowrap"><b>)</b></td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">8</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(22</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">7</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(23</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right"><b>72</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">75</td> <td> </td> <td> </td> <td> </td> <td align="right">81</td> <td> </td> </tr> <tr style="font-size: 1px"> <td align="left" colspan="9" style="border-top: 1px solid #0077c0"> </td> <td style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" colspan="15" style="border-top: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="left" colspan="3" style="border-top: 1px solid #0077c0"> </td> <td style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td nowrap="nowrap" align="left" colspan="7" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td nowrap="nowrap"> <div style="margin-left:15px; text-indent:-15px">Total changes recognized in other<br />comprehensive income </div></td> <td> </td> <td> </td> <td align="right"><b>2,071</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>320</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">(254</td> <td>)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(8</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">392</td> <td> </td> <td> </td> <td> </td> <td align="right">75</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>139</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">557</td> <td> </td> <td> </td> <td> </td> <td align="right">156</td> <td> </td> </tr> <tr style="font-size: 1px"> <td align="left" colspan="9" style="border-top: 1px solid #0077c0"> </td> <td style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" colspan="15" style="border-top: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="left" colspan="3" style="border-top: 1px solid #0077c0"> </td> <td style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td nowrap="nowrap" align="left" colspan="7" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td nowrap="nowrap"> <div style="margin-left:15px; text-indent:-15px"><b>Recognized in Net Periodic<br /> Benefit Cost and Other <br /> Comprehensive Income</b> </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>2,895</b></td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>691</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left">$</td> <td align="right">527</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">337</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,176</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">424</td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>359</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left">$</td> <td align="right">723</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">320</td> <td> </td> </tr> <tr style="font-size: 1px"> <td align="left" colspan="9" style="border-top: 3px solid #0077c0"> </td> <td style="border-right: 0px solid #0077c0; border-top: 3px solid #0077c0"> </td> <td align="left" colspan="15" style="border-top: 3px solid #0077c0"> </td> <td style="border-top: 3px solid #0077c0"> </td> <td style="border-top: 3px solid #0077c0"> </td> <td nowrap="nowrap" align="left" colspan="3" style="border-top: 3px solid #0077c0"> </td> <td style="border-right: 0px solid #0077c0; border-top: 3px solid #0077c0"> </td> <td nowrap="nowrap" align="left" colspan="7" style="border-top: 3px solid #0077c0"> </td> <td style="border-top: 0px solid #0077c0"> </td> </tr>  </table> </div> <div> <div align="left" style="font-size: 10pt; margin-top: 6pt">     Net actuarial losses recorded in “Accumulated other comprehensive loss” at December 31, 2011, for the company’s U.S. pension, international pension and OPEB plans are being amortized on a straight-line basis over approximately 10, 12 and eight years, respectively. These amortization periods represent the estimated average remaining service of employees expected to receive benefits under the plans. These losses are amortized to the extent they exceed 10 percent of the higher of the projected benefit obligation or market-related value of plan assets. The amount subject to amortization is determined on a plan-by-plan basis. During 2012, the company estimates actuarial losses of $476, $142 and $75 will be amortized from “Accumulated other comprehensive loss” for U.S. pension, international pension and OPEB plans, respectively. In addition, the company estimates an additional $260 will be recognized from “Accumulated other comprehensive loss” during 2012 related to lump-sum settlement costs from U.S. pension plans. </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">     The weighted average amortization period for recognizing prior service costs (credits) recorded in “Accumulated other comprehensive loss” at December 31, 2011, was approximately six and seven years for U.S. and international pension plans, respectively, and two years for other postretirement benefit plans. During 2012, the company estimates prior service (credits) costs of $(8), $21 and $(72) will be amortized from “Accumulated other comprehensive loss” for U.S. pension, international pension and OPEB plans, respectively. </div> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt"><font color="#e51837"><i>Assumptions</i></font> The following weighted-average assumptions were used to determine benefit obligations and net periodic benefit costs for years ended December 31: </div> <div align="center"> <table style="font-size: 8.5pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="21%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="4%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="4%"> </td> <td width="1%"> </td> <td width="1%"> </td> <td width="1%"> </td> <td width="1%"> </td> <td width="4%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="4%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="4%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="4%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="4%"> </td> <td width="1%"> </td> <td width="1%"> </td> <td width="1%"> </td> <td width="1%"> </td> <td width="4%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="4%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="23" style="border-bottom: 1px solid #0077c0">Pension Benefits</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="11"> </td> <td> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td style="border-bottom: 1px solid #0077c0"> </td> <td style="border-bottom: 1px solid #0077c0"> </td> <td style="border-bottom: 1px solid #0077c0"> </td> <td style="border-bottom: 1px solid #0077c0"> </td> <td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #0077c0"><b>2011</b></td> <td style="border-bottom: 1px solid #0077c0"> </td> <td style="border-bottom: 1px solid #0077c0"> </td> <td style="border-bottom: 1px solid #0077c0"> </td> <td style="border-bottom: 1px solid #0077c0"> </td> <td style="border-bottom: 1px solid #0077c0"> </td> <td style="border-bottom: 1px solid #0077c0"> </td> <td style="border-bottom: 1px solid #0077c0"> </td> <td nowrap="nowrap" style="border-bottom: 1px solid #0077c0" align="right" colspan="2">2010</td> <td style="border-bottom: 1px solid #0077c0"> </td> <td style="border-bottom: 1px solid #0077c0"> </td> <td style="border-bottom: 1px solid #0077c0"> </td> <td style="border-bottom: 1px solid #0077c0"> </td> <td style="border-bottom: 1px solid #0077c0"> </td> <td style="border-bottom: 1px solid #0077c0"> </td> <td style="border-bottom: 1px solid #0077c0" nowrap="nowrap" align="right" colspan="2">2009</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="11" style="border-bottom: 1px solid #0077c0">Other Benefits</td> <td> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">U.S.</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">Int’l.</td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">U.S.</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">Int’l.</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">U.S.</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">Int’l.</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2011</b></td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2010</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2009</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="14" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td colspan="3" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px">Assumptions used to determine benefit obligations: </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:45px; text-indent:-15px">Discount rate </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>3.8</b></td> <td nowrap="nowrap"><b>%</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>5.9</b></td> <td nowrap="nowrap"><b>%</b></td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">4.8</td> <td nowrap="nowrap">%</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">6.5</td> <td nowrap="nowrap">%</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">5.3</td> <td nowrap="nowrap">%</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">6.8</td> <td nowrap="nowrap">%</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>4.2</b></td> <td nowrap="nowrap"><b>%</b></td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">5.2</td> <td nowrap="nowrap">%</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">5.9</td> <td nowrap="nowrap">%</td> </tr> <tr valign="bottom" style="background: #ffffff"> <td nowrap="nowrap"> <div style="margin-left:45px; text-indent:-15px">Rate of compensation increase </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>4.5</b></td> <td nowrap="nowrap"><b>%</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>5.7</b></td> <td nowrap="nowrap"><b>%</b></td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">4.5</td> <td nowrap="nowrap">%</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">6.7</td> <td nowrap="nowrap">%</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">4.5</td> <td nowrap="nowrap">%</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">6.3</td> <td nowrap="nowrap">%</td> <td> </td> <td> </td> <td align="right"><b>N/A</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">N/A</td> <td> </td> <td> </td> <td> </td> <td align="right">N/A</td> <td> </td> </tr> <tr valign="bottom"> <td nowrap="nowrap"> <div style="margin-left:15px; text-indent:-15px">Assumptions used to determine<br /> net periodic benefit cost: </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:45px; text-indent:-15px">Discount rate </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>4.8</b></td> <td nowrap="nowrap"><b>%</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>6.5</b></td> <td nowrap="nowrap"><b>%</b></td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">5.3</td> <td nowrap="nowrap">%</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">6.8</td> <td nowrap="nowrap">%</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">6.3</td> <td nowrap="nowrap"><b>%</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">7.5</td> <td nowrap="nowrap">%</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>5.2</b></td> <td nowrap="nowrap"><b>%</b></td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">5.9</td> <td nowrap="nowrap">%</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">6.3</td> <td nowrap="nowrap">%</td> </tr> <tr valign="bottom"> <td nowrap="nowrap"> <div style="margin-left:45px; text-indent:-15px">Expected return on plan assets </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>7.8</b></td> <td nowrap="nowrap"><b>%</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>7.8</b></td> <td nowrap="nowrap"><b>%</b></td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">7.8</td> <td nowrap="nowrap">%</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">7.8</td> <td nowrap="nowrap">%</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">7.8</td> <td nowrap="nowrap"><b>%</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">7.5</td> <td nowrap="nowrap">%</td> <td> </td> <td> </td> <td align="right"><b>N/A</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">N/A</td> <td> </td> <td> </td> <td> </td> <td align="right">N/A</td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td nowrap="nowrap"> <div style="margin-left:45px; text-indent:-15px">Rate of compensation increase </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>4.5</b></td> <td nowrap="nowrap"><b>%</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>6.7</b></td> <td nowrap="nowrap"><b>%</b></td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">4.5</td> <td nowrap="nowrap">%</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">6.3</td> <td nowrap="nowrap">%</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">4.5</td> <td nowrap="nowrap"><b>%</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">6.8</td> <td nowrap="nowrap">%</td> <td> </td> <td> </td> <td align="right"><b>N/A</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">N/A</td> <td> </td> <td> </td> <td> </td> <td align="right">N/A</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="38" align="left" style="border-top: 3px solid #0077c0"> </td> <td> </td> </tr>  </table> </div> <div> <div align="left" style="font-size: 10pt; margin-top: 6pt"><font color="#e51837"><i>Expected Return on Plan Assets</i></font> The company’s estimated long-term rates of return on pension assets are driven primarily by actual historical asset-class returns, an assessment of expected future performance, advice from external actuarial firms and the incorporation of specific asset-class risk factors. Asset allocations are periodically updated using pension plan asset/liability studies, and the company’s estimated long-term rates of return are consistent with these studies. </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">     There have been no changes in the expected long-term rate of return on plan assets since 2002 for U.S. plans, which account for 70 percent of the company’s pension plan assets. At December 31, 2011, the estimated long-term rate of return on U.S. pension plan assets was 7.8 percent. </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">     The market-related value of assets of the major U.S. pension plan used in the determination of pension expense was based on the market values in the three months preceding the year-end measurement date, as opposed to the maximum allowable period of five years under U.S. accounting rules. Management considers the three-month time period long enough to minimize the effects of distortions from day-to-day market volatility and still be contemporaneous to the end of the year. For other plans, market value of assets as of year-end is used in calculating the pension expense. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt"><font color="#e51837"><i>Discount Rate</i></font> The discount rate assumptions used to determine U.S. and international pension and postretirement benefit plan obligations and expense reflect the prevailing rates available on high-quality, fixed-income debt instruments. At December 31, 2011, the company selected a 3.8 percent discount rate for the U.S. pension plans and 4.0 percent for the U.S. postretirement benefit plan. This rate was based on a cash flow analysis that matched estimated future benefit payments to the Citigroup Pension Discount Yield Curve as of year-end 2011. The discount rates at the end of 2010 and 2009 were 4.8 and 5.3 percent and 5.0 and 5.8 percent for the U.S. pension plans and the U.S. OPEB plan, respectively. </div> </div> <div> <div align="left" style="font-size: 10pt; margin-top: 6pt"><font color="#e51837"><i>Other Benefit Assumptions</i></font> For the measurement of accumulated postretirement benefit obligation at December 31, 2011, for the main U.S. postretirement medical plan, the assumed health care cost-trend rates start with 8 percent in 2012 and gradually decline to 5 percent for 2023 and beyond. For this measurement at December 31, 2010, the assumed health care cost-trend rates started with 8 percent in 2011 and gradually declined to 5 percent for 2018 and beyond. In both measurements, the annual increase to company contributions was capped at 4 percent. </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">     Assumed health care cost-trend rates can have a significant effect on the amounts reported for retiree health care costs. The impact is mitigated by the 4 percent cap on the company’s medical contributions for the primary U.S. plan. A one-percentage-point change in the assumed health care cost-trend rates would have the following effects: </div> <div align="center"> <table style="font-size: 8pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="76%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">1 Percent</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">1 Percent</td> <td> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">Increase</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">Decrease</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="8" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px">Effect on total service and interest cost components </div></td> <td> </td> <td align="left">$</td> <td align="right">17</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(15</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px">Effect on postretirement benefit obligation </div></td> <td> </td> <td align="left">$</td> <td align="right">177</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(150</td> <td nowrap="nowrap">)</td> </tr> <tr style="font-size: 1px"> <td colspan="8" align="left" style="border-top: 3px solid #0077c0"> </td> <td> </td> </tr>  </table> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt"><font color="#e51837"><i>Plan Assets and Investment Strategy</i></font> The fair value hierarchy of inputs the company uses to value the pension assets is divided into three levels: </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">     Level 1: Fair values of these assets are measured using unadjusted quoted prices for the assets or the prices of identical assets in active markets that the plans have the ability to access. </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">     Level 2: Fair values of these assets are measured based on quoted prices for similar assets in active markets; quoted prices for identical or similar assets in inactive markets; inputs other than quoted prices that are observable for the asset; and inputs that are derived principally from or corroborated by observable market data through correlation or other means. If the asset has a contractual term, the Level 2 input is observable for substantially the full term of the asset. The fair values for Level 2 assets are generally obtained from third-party broker quotes, independent pricing services and exchanges. </div> </div> <div> <div align="left" style="font-size: 10pt; margin-top: 6pt">     Level 3: Inputs to the fair value measurement are unobservable for these assets. Valuation may be performed using a financial model with estimated inputs entered into the model. </div> </div> <div> <div align="left" style="font-size: 10pt; margin-top: 6pt">     The fair value measurements of the company’s pension plans for 2011 and 2010 are below: </div> </div> <div align="center"> <table style="font-size: 8pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="21%"> </td> <td width="3%"> </td> <td width="2%"> </td> <td width="4%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="1%"> </td> <td width="1%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="14" style="border-bottom: 1px solid #0077c0">U.S.</td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="14" style="border-bottom: 1px solid #0077c0">Int’l.</td> <td> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">Total Fair Value</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">Level 1</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">Level 2</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">Level 3</td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">Total Fair Value</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">Level 1</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">Level 2</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">Level 3</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="14" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px"><b>At December 31, 2011</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Equities</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:30px; text-indent:-15px">U.S.<sup style="font-size: 85%; vertical-align: text-top">1</sup> </div></td> <td> </td> <td align="right"><b>$</b></td> <td align="right"><b>1,470</b></td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>1,470</b></td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>–</b></td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>–</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>497</b></td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>497</b></td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>–</b></td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>–</b></td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">International </div></td> <td> </td> <td> </td> <td align="right"><b>1,203</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>1,203</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>693</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>693</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:30px; text-indent:-15px">Collective Trusts/Mutual Funds<sup style="font-size: 85%; vertical-align: text-top">2</sup> </div></td> <td> </td> <td> </td> <td align="right"><b>2,633</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>14</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>2,619</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>596</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>28</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>568</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Fixed Income</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:30px; text-indent:-15px">Government </div></td> <td> </td> <td> </td> <td align="right"><b>622</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>146</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>476</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>635</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>25</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>610</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Corporate </div></td> <td> </td> <td> </td> <td align="right"><b>338</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>338</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>319</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>16</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>276</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>27</b></td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:30px; text-indent:-15px">Mortgage-Backed Securities </div></td> <td> </td> <td> </td> <td align="right"><b>107</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>107</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>2</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>2</b></td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Other Asset Backed </div></td> <td> </td> <td> </td> <td align="right"><b>61</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>61</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>5</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>5</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:30px; text-indent:-15px">Collective Trusts/Mutual Funds<sup style="font-size: 85%; vertical-align: text-top">2</sup> </div></td> <td> </td> <td> </td> <td align="right"><b>1,046</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>1,046</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>345</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>61</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>284</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Mixed Funds</b><sup style="font-size: 85%; vertical-align: text-top"><b>3</b></sup> </div></td> <td> </td> <td> </td> <td align="right"><b>10</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>10</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>102</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>13</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>89</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Real Estate</b><sup style="font-size: 85%; vertical-align: text-top"><b>4</b></sup> </div></td> <td> </td> <td> </td> <td align="right"><b>843</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>843</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>155</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>155</b></td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Cash and Cash Equivalents</b> </div></td> <td> </td> <td> </td> <td align="right"><b>404</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>404</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>211</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>211</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Other</b><sup style="font-size: 85%; vertical-align: text-top"><b>5</b></sup> </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(17</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(79</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td> </td> <td align="right"><b>8</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>54</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>17</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(2</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td> </td> <td align="right"><b>17</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>2</b></td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="14" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Total at December 31, 2011</b> </div></td> <td> </td> <td align="right"><b>$</b></td> <td align="right"><b>8,720</b></td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>3,168</b></td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>4,655</b></td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>897</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>3,577</b></td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>1,542</b></td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>1,849</b></td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>186</b></td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 3px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 3px solid #0077c0"> </td> <td align="left" style="border-top: 3px solid #0077c0"> </td> <td colspan="14" align="left" style="border-top: 3px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px"><b>At December 31, 2010</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Equities</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:30px; text-indent:-15px">U.S.<sup style="font-size: 85%; vertical-align: text-top">1</sup> </div></td> <td> </td> <td align="right">$</td> <td align="right">2,121</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">2,121</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right"><b>–</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">–</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left">$</td> <td align="right">465</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">465</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right"><b>–</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">–</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">International </div></td> <td> </td> <td> </td> <td align="right">1,405</td> <td> </td> <td> </td> <td> </td> <td align="right">1,405</td> <td> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">721</td> <td> </td> <td> </td> <td> </td> <td align="right">721</td> <td> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:30px; text-indent:-15px">Collective Trusts/Mutual Funds<sup style="font-size: 85%; vertical-align: text-top">2</sup> </div></td> <td> </td> <td> </td> <td align="right">2,068</td> <td> </td> <td> </td> <td> </td> <td align="right">5</td> <td> </td> <td> </td> <td> </td> <td align="right">2,063</td> <td> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">578</td> <td> </td> <td> </td> <td> </td> <td align="right">80</td> <td> </td> <td> </td> <td> </td> <td align="right">498</td> <td> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Fixed Income</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:30px; text-indent:-15px">Government </div></td> <td> </td> <td> </td> <td align="right">659</td> <td> </td> <td> </td> <td> </td> <td align="right">19</td> <td> </td> <td> </td> <td> </td> <td align="right">640</td> <td> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">568</td> <td> </td> <td> </td> <td> </td> <td align="right">38</td> <td> </td> <td> </td> <td> </td> <td align="right">530</td> <td> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Corporate </div></td> <td> </td> <td> </td> <td align="right">314</td> <td> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> <td> </td> <td> </td> <td align="right">314</td> <td> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">351</td> <td> </td> <td> </td> <td> </td> <td align="right">24</td> <td> </td> <td> </td> <td> </td> <td align="right">299</td> <td> </td> <td> </td> <td> </td> <td align="right">28</td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:30px; text-indent:-15px">Mortgage-Backed Securities </div></td> <td> </td> <td> </td> <td align="right">82</td> <td> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> <td> </td> <td> </td> <td align="right">82</td> <td> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">2</td> <td> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> <td> </td> <td> </td> <td align="right">2</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Other Asset Backed </div></td> <td> </td> <td> </td> <td align="right">74</td> <td> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> <td> </td> <td> </td> <td align="right">74</td> <td> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">16</td> <td> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> <td> </td> <td> </td> <td align="right">16</td> <td> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:30px; text-indent:-15px">Collective Trusts/Mutual Funds<sup style="font-size: 85%; vertical-align: text-top">2</sup> </div></td> <td> </td> <td> </td> <td align="right">1,064</td> <td> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> <td> </td> <td> </td> <td align="right">1,064</td> <td> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">332</td> <td> </td> <td> </td> <td> </td> <td align="right">19</td> <td> </td> <td> </td> <td> </td> <td align="right">313</td> <td> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Mixed Funds</b><sup style="font-size: 85%; vertical-align: text-top"><b>3</b></sup> </div></td> <td> </td> <td> </td> <td align="right">9</td> <td> </td> <td> </td> <td> </td> <td align="right">9</td> <td> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">105</td> <td> </td> <td> </td> <td> </td> <td align="right">16</td> <td> </td> <td> </td> <td> </td> <td align="right">89</td> <td> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Real Estate</b><sup style="font-size: 85%; vertical-align: text-top"><b>4</b></sup> </div></td> <td> </td> <td> </td> <td align="right">596</td> <td> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> <td> </td> <td> </td> <td align="right">596</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">142</td> <td> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> <td> </td> <td> </td> <td align="right">142</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Cash and Cash Equivalents</b> </div></td> <td> </td> <td> </td> <td align="right">213</td> <td> </td> <td> </td> <td> </td> <td align="right">213</td> <td> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">217</td> <td> </td> <td> </td> <td> </td> <td align="right">217</td> <td> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Other</b><sup style="font-size: 85%; vertical-align: text-top"><b>5</b></sup> </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(26</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(87</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">8</td> <td> </td> <td> </td> <td> </td> <td align="right">53</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">6</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(5</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">9</td> <td> </td> <td> </td> <td> </td> <td align="right">2</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="14" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Total at December 31, 2010</b> </div></td> <td> </td> <td align="right">$</td> <td align="right">8,579</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">3,685</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">4,245</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">649</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left">$</td> <td align="right">3,503</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,575</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,754</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">174</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-bottom: 3px solid #0077c0"> </td> <td colspan="14" align="left" style="border-bottom: 3px solid #0077c0"> </td> <td> </td> </tr>  </table> </div> <div style="margin-top: 3pt"> <table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 7pt; text-align: left"> <tr> <td width="1%"></td> <td width="99"></td> </tr> <tr valign="top"> <td nowrap="nowrap" align="left"><sup style="font-size: 85%; vertical-align: text-top">1</sup></td> <td>U.S. equities include investments in the company’s common stock in the amount of $35 at December 31, 2011, and $38 at December 31, 2010.</td> </tr> <tr style="font-size: 1pt"> <td> </td> </tr> <tr valign="top"> <td nowrap="nowrap" align="left"><sup style="font-size: 85%; vertical-align: text-top">2</sup></td> <td>Collective Trusts/Mutual Funds for U.S. plans are entirely index funds; for International plans, they are mostly index funds. For these index funds, the Level 2 designation is partially based on the restriction that advance notification of redemptions, typically two business days, is required.</td> </tr> <tr style="font-size: 1pt"> <td> </td> </tr> <tr valign="top"> <td nowrap="nowrap" align="left"><sup style="font-size: 85%; vertical-align: text-top">3</sup></td> <td>Mixed funds are composed of funds that invest in both equity and fixed-income instruments in order to diversify and lower risk.</td> </tr> <tr style="font-size: 1pt"> <td> </td> </tr> <tr valign="top"> <td nowrap="nowrap" align="left"><sup style="font-size: 85%; vertical-align: text-top">4</sup></td> <td>The year-end valuations of the U.S. real estate assets are based on internal appraisals by the real estate managers, which are updates of third-party appraisals that occur at least once a year for each property in the portfolio.</td> </tr> <tr style="font-size: 1pt"> <td> </td> </tr> <tr valign="top"> <td nowrap="nowrap" align="left"><sup style="font-size: 85%; vertical-align: text-top">5</sup></td> <td>The “Other” asset class includes net payables for securities purchased but not yet settled (Level 1); dividends and interest- and tax-related receivables (Level 2); insurance contracts and investments in private-equity limited partnerships (Level 3).</td> </tr> </table> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">     The effects of fair value measurements using significant unobservable inputs on changes in Level 3 plan assets for the period are outlined below: </div> <div align="center"> <table style="font-size: 8pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="44%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="7" style="border-bottom: 1px solid #0077c0">Fixed Income</td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">Mortgage-Backed</td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">Corporate</td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">Securities</td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">Real Estate</td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">Other</td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">Total</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 0px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="3" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 0px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="3" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 0px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="3" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 0px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="2" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Total at December 31, 2009</b> </div></td> <td> </td> <td align="left"> </td> <td align="right">$       18</td> <td> </td> <td style="border-right: 0px solid #0077c0"> </td> <td> </td> <td align="left"> </td> <td align="right">$          2</td> <td> </td> <td style="border-right: 0px solid #0077c0"> </td> <td> </td> <td align="left"> </td> <td align="right">$       610</td> <td> </td> <td style="border-right: 0px solid #0077c0"> </td> <td> </td> <td align="left"> </td> <td align="right">$   52</td> <td> </td> <td style="border-right: 0px solid #0077c0"> </td> <td> </td> <td align="left"> </td> <td align="right">$   682</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Actual Return on Plan Assets: </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-right: 0px solid #0077c0"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-right: 0px solid #0077c0"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-right: 0px solid #0077c0"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-right: 0px solid #0077c0"> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:30px; text-indent:-15px">Assets held at the reporting date </div></td> <td> </td> <td> </td> <td align="right">3</td> <td> </td> <td style="border-right: 0px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> <td style="border-right: 0px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">34</td> <td> </td> <td style="border-right: 0px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">1</td> <td> </td> <td style="border-right: 0px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">38</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Assets sold during the period </div></td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> <td style="border-right: 0px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> <td style="border-right: 0px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">1</td> <td> </td> <td style="border-right: 0px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> <td style="border-right: 0px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">1</td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px">Purchases, Sales and Settlements </div></td> <td> </td> <td> </td> <td align="right">7</td> <td> </td> <td style="border-right: 0px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> <td style="border-right: 0px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">93</td> <td> </td> <td style="border-right: 0px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">2</td> <td> </td> <td style="border-right: 0px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">102</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Transfers in and/or out of Level 3 </div></td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> <td style="border-right: 0px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> <td style="border-right: 0px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> <td style="border-right: 0px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> <td style="border-right: 0px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 0px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="3" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 0px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="3" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 0px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="3" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 0px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="2" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Total at December 31, 2010</b> </div></td> <td> </td> <td align="left"> </td> <td align="right">$       28</td> <td> </td> <td style="border-right: 0px solid #0077c0"> </td> <td> </td> <td align="left"> </td> <td align="right">$          2</td> <td> </td> <td style="border-right: 0px solid #0077c0"> </td> <td> </td> <td align="left"> </td> <td align="right">$       738</td> <td> </td> <td style="border-right: 0px solid #0077c0"> </td> <td> </td> <td align="left"> </td> <td align="right">$   55</td> <td> </td> <td style="border-right: 0px solid #0077c0"> </td> <td> </td> <td align="left"> </td> <td align="right">$   823</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 0px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="3" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 0px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="3" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 0px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="3" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 0px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="2" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Actual Return on Plan Assets: </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-right: 0px solid #0077c0"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-right: 0px solid #0077c0"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-right: 0px solid #0077c0"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-right: 0px solid #0077c0"> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:30px; text-indent:-15px">Assets held at the reporting date </div></td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td style="border-right: 0px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td style="border-right: 0px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>103</b></td> <td> </td> <td style="border-right: 0px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>4</b></td> <td> </td> <td style="border-right: 0px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>107</b></td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Assets sold during the period </div></td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td style="border-right: 0px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td style="border-right: 0px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>1</b></td> <td> </td> <td style="border-right: 0px solid #0077c0"> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(2</b></td> <td nowrap="nowrap"><b>)</b></td> <td style="border-right: 0px solid #0077c0"> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(1</b></td> <td nowrap="nowrap"><b>)</b></td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px">Purchases, Sales and Settlements </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(1</b></td> <td nowrap="nowrap"><b>)</b></td> <td style="border-right: 0px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td style="border-right: 0px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>156</b></td> <td> </td> <td style="border-right: 0px solid #0077c0"> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(1</b></td> <td nowrap="nowrap"><b>)</b></td> <td style="border-right: 0px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>154</b></td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Transfers in and/or out of Level 3 </div></td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td style="border-right: 0px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td style="border-right: 0px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td style="border-right: 0px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td style="border-right: 0px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 0px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="3" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 0px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="3" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 0px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="3" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 0px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="2" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Total at December 31, 2011</b> </div></td> <td> </td> <td align="left"><b> </b></td> <td align="right">$       <b>27</b></td> <td> </td> <td style="border-right: 0px solid #0077c0"> </td> <td> </td> <td align="left"><b> </b></td> <td align="right">$          <b>2</b></td> <td> </td> <td style="border-right: 0px solid #0077c0"> </td> <td> </td> <td align="left"><b> </b></td> <td align="right">$       <b>998</b></td> <td> </td> <td style="border-right: 0px solid #0077c0"> </td> <td> </td> <td align="left"><b> </b></td> <td align="right">$   <b>56</b></td> <td> </td> <td style="border-right: 0px solid #0077c0"> </td> <td> </td> <td align="left"><b> </b></td> <td align="right">$<b>1,083</b></td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-bottom: 3px solid #0077c0"> </td> <td colspan="3" align="left" style="border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-bottom: 3px solid #0077c0"> </td> <td colspan="3" align="left" style="border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-bottom: 3px solid #0077c0"> </td> <td colspan="3" align="left" style="border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-bottom: 3px solid #0077c0"> </td> <td colspan="2" align="left" style="border-bottom: 3px solid #0077c0"> </td> <td> </td> </tr>  </table> </div> <div> <div align="left" style="font-size: 10pt; margin-top: 6pt">     The primary investment objectives of the pension plans are to achieve the highest rate of total return within prudent levels of risk and liquidity, to diversify and mitigate potential downside risk associated with the investments, and to provide adequate liquidity for benefit payments and portfolio management. </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">     The company’s U.S. and U.K. pension plans comprise 86 percent of the total pension assets. Both the U.S. and U.K. plans have an Investment Committee that regularly meets during the year to review the asset holdings and their returns. To assess the plans’ investment performance, long-term asset allocation policy benchmarks have been established. </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">     For the primary U.S. pension plan, the Chevron Board of Directors has established the following approved asset allocation ranges: Equities 40–70 percent, Fixed Income and Cash 20–65 percent, Real Estate 0–15 percent, and Other 0–5 percent. For the U.K. pension plan, the U.K. Board of Trustees has established the following asset allocation guidelines, which are reviewed regularly: Equities 60–80 percent and Fixed Income and Cash 20–40 percent. The other significant international pension plans also have established maximum and minimum asset allocation ranges that vary by plan. Actual asset allocation within approved ranges is based on a variety of current economic and market conditions and consideration of specific asset class risk. To mitigate concentration and other risks, assets are invested across multiple asset classes with active investment managers and passive index funds. </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">     The company does not prefund its OPEB obligations. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt"><font color="#e51837"><i>Cash Contributions and Benefit Payments</i></font> In 2011, the company contributed $1,147 and $319 to its U.S. and international pension plans, respectively. In 2012, the company expects contributions to be approximately $600 and $300 to its U.S. and international pension plans, respectively. Actual contribution amounts are dependent upon investment returns, changes in pension obligations, regulatory environments and other economic factors. Additional funding may ultimately be required if investment returns are insufficient to offset increases in plan obligations. </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">     The company anticipates paying other postretirement benefits of approximately $223 in 2012, compared with $198 paid in 2011. </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">     The following benefit payments, which include estimated future service, are expected to be paid by the company in the next 10 years: </div> <div align="center"> <table style="font-size: 8pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="64%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #0077c0">Pension Benefits</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">Other</td> <td> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">U.S.</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">Int’l.</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">Benefits</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="8" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td colspan="2" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px">2012 </div></td> <td> </td> <td align="left">$</td> <td align="right">1,053</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">268</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">223</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">2013 </div></td> <td> </td> <td align="left">$</td> <td align="right">1,043</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">316</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">229</td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px">2014 </div></td> <td> </td> <td align="left">$</td> <td align="right">1,046</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">320</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">234</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">2015 </div></td> <td> </td> <td align="left">$</td> <td align="right">1,050</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">344</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">240</td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px">2016 </div></td> <td> </td> <td align="left">$</td> <td align="right">1,062</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">375</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">245</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">2017–2021 </div></td> <td> </td> <td align="left">$</td> <td align="right">5,261</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">2,153</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,287</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="12" align="left" style="border-top: 3px solid #0077c0"> </td> <td> </td> </tr>  </table> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt"><font color="#e51837"><i>Employee Savings Investment Plan</i></font> Eligible employees of Chevron and certain of its subsidiaries participate in the Chevron Employee Savings Investment Plan (ESIP). </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">     Charges to expense for the ESIP represent the company’s contributions to the plan, which are funded either through the purchase of shares of common stock on the open market or through the release of common stock held in the leveraged employee stock ownership plan (LESOP), which is described in the section that follows. Total company matching contributions to employee accounts within the ESIP were $263, $253 and $257 in 2011, 2010 and 2009, respectively. This cost was reduced by the value of shares released from the </div> </div> <div> <div align="left" style="font-size: 10pt; margin-top: 6pt">LESOP totaling $38, $97 and $184 in 2011, 2010 and 2009, respectively. The remaining amounts, totaling $225, $156 and $73 in 2011, 2010 and 2009, respectively, represent open market purchases. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt"><font color="#e51837"><i>Employee Stock Ownership Plan</i></font> Within the Chevron ESIP is an employee stock ownership plan (ESOP). In 1989, Chevron established a LESOP as a constituent part of the ESOP. The LESOP provides partial prefunding of the company’s future commitments to the ESIP. </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">     As permitted by accounting standards for share-based compensation (ASC 718), the debt of the LESOP is recorded as debt, and shares pledged as collateral are reported as “Deferred compensation and benefit plan trust” on the Consolidated Balance Sheet and the Consolidated Statement of Equity. </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">     The company reports compensation expense equal to LESOP debt principal repayments less dividends received and used by the LESOP for debt service. Interest accrued on LESOP debt is recorded as interest expense. Dividends paid on LESOP shares are reflected as a reduction of retained earnings. All LESOP shares are considered outstanding for earnings-per-share computations. </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">     Total credits to expense for the LESOP were $1, $1 and $3 in 2011, 2010 and 2009, respectively. The net credit for the respective years was composed of credits to compensation expense of $5, $6 and $15 and charges to interest expense for LESOP debt of $4, $5 and $12. </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">     Of the dividends paid on the LESOP shares, $18, $46 and $110 were used in 2011, 2010 and 2009, respectively, to service LESOP debt. No contributions were required in 2011, 2010 or 2009, as dividends received by the LESOP were sufficient to satisfy LESOP debt service. </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">     Shares held in the LESOP are released and allocated to the accounts of plan participants based on debt service deemed to be paid in the year in proportion to the total of current-year and remaining debt service. LESOP shares as of December 31, 2011 and 2010, were as follows: </div> <div align="center"> <table style="font-size: 8pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="77%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td nowrap="nowrap" align="left"><i>Thousands</i></td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2011</b></td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2010</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="2" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px">Allocated shares </div></td> <td> </td> <td> </td> <td align="right"><b>19,047</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">20,718</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Unallocated shares </div></td> <td> </td> <td> </td> <td align="right"><b>1,864</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">2,374</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="2" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px">Total LESOP shares </div></td> <td> </td> <td> </td> <td align="right"><b>20,911</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">23,092</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-bottom: 3px solid #0077c0"> </td> <td colspan="2" align="left" style="border-bottom: 3px solid #0077c0"> </td> <td> </td> </tr>  </table> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt"><font color="#e51837"><i>Benefit Plan Trusts</i></font> Prior to its acquisition by Chevron, Texaco established a benefit plan trust for funding obligations under some of its benefit plans. At year-end 2011, the trust contained 14.2 million shares of Chevron treasury stock. The trust will sell the shares or use the dividends from the shares to pay benefits only to the extent that the company does not pay such benefits. The company intends to continue to pay its obligations under the benefit plans. The trustee will vote the shares held in the trust as instructed by the trust’s beneficiaries. The shares held in the trust are not considered outstanding for earnings-per-share purposes until distributed or sold by the trust in payment of benefit obligations. </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">     Prior to its acquisition by Chevron, Unocal established various grantor trusts to fund obligations under some of its benefit plans, including the deferred compensation and supplemental retirement plans. At December 31, 2011 and 2010, trust assets of $51 and $57, respectively, were invested primarily in interest-earning accounts. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt"><font color="#e51837"><i>Employee Incentive Plans</i></font> The Chevron Incentive Plan is an annual cash bonus plan for eligible employees that links awards to corporate, unit and individual performance in the prior year. Charges to expense for cash bonuses were $1,217, $766 and $561 in 2011, 2010 and 2009, respectively. Chevron also has the LTIP for officers and other regular salaried employees of the company and its subsidiaries who hold positions of significant responsibility. Awards under the LTIP consist of stock options and other share-based compensation that are described in Note 20, beginning on page FS-48. </div> <div align="left"> </div> </div> </div>

<div style="font-family: 'Times New Roman',Times,serif"> <div> <div align="left" style="font-size: 12pt; font-family: Helvetica,Arial,sans-serif; color: #0077c0; margin-top: 10pt"><b>Note 22</b> </div> <div align="left" style="font-size: 8pt; margin-top: 0pt; font-family: Helvetica,Arial,sans-serif; color: #0077c0">Equity </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">Retained earnings at December 31, 2011 and 2010, included approximately $10,127 and $9,159, respectively, for the company’s share of undistributed earnings of equity affiliates. </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">     At December 31, 2011, about 67 million shares of Chevron’s common stock remained available for issuance from the 160 million shares that were reserved for issuance under the Chevron LTIP. In addition, approximately 258,000 shares remain available for issuance from the 800,000 shares of the company’s common stock that were reserved for awards under the Chevron Corporation Non-Employee Directors’ Equity Compensation and Deferral Plan. </div> <div align="left"> </div> </div> </div>

<div style="font-family: 'Times New Roman',Times,serif"> <div> <div align="left" style="font-size: 12pt; font-family: Helvetica,Arial,sans-serif; color: #0077c0; margin-top: 10pt"><b>Note 23</b> </div> <div align="left" style="font-size: 8pt; margin-top: 0pt; font-family: Helvetica,Arial,sans-serif; color: #0077c0">Restructuring and Reorganization </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">In the first quarter 2010, the company announced employee reduction programs related to the restructuring and reorganization of its downstream businesses and corporate staffs. Total terminations under the programs are expected to be approximately 2,700 employees. About 1,300 of the affected employees are located in the United States. About 2,500 employees have been terminated through December 31, 2011, and the programs were substantially completed by the end of 2011. Substantially all of the remaining employees designated for termination under the programs are expected to leave in 2012. </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">     A before-tax charge of $244 was recorded in first quarter 2010 associated with these programs, of which $138 remained outstanding at December 31, 2010. During 2011, the company made payments of $74 associated with these liabilities. The majority of the payments were in Downstream. The balance at December 31, 2011, was classified as a current liability on the Consolidated Balance Sheet. </div> <div align="center"> <table style="font-size: 8pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="88%"> </td> <td width="5%"> </td> <td width="3%"> </td> <td width="3%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">Amounts Before Tax</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="4" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px">Balance at January 1, 2011 </div></td> <td> </td> <td align="right">$</td> <td align="right">138</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Adjustments </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(28</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px">Payments </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(74</td> <td nowrap="nowrap">)</td> </tr> <tr style="font-size: 1px"> <td colspan="4" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Balance at December 31, 2011 </div></td> <td> </td> <td align="right">$</td> <td align="right">36</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="4" align="left" style="border-top: 3px solid #0077c0"> </td> <td> </td> </tr>  </table> </div> <div align="left"> </div> </div> </div>

<div style="font-family: 'Times New Roman',Times,serif"> <div> <div align="left" style="font-size: 12pt; font-family: Helvetica,Arial,sans-serif; color: #0077c0; margin-top: 10pt"><b>Note 24</b> </div> <div align="left" style="font-size: 8pt; margin-top: 0pt; font-family: Helvetica,Arial,sans-serif; color: #0077c0">Other Contingencies and Commitments </div> <div align="left" style="font-size: 10pt; margin-top: 0pt"><font color="#e51837"><i>Income Taxes</i></font> The company calculates its income tax expense and liabilities quarterly. These liabilities generally are subject to audit and are not finalized with the individual taxing authorities until several years after the end of the annual period for which income taxes have been calculated. Refer to Note 15, beginning on page FS-43, for a discussion of the periods for which tax returns have been audited for the company’s major tax jurisdictions and a discussion for all tax jurisdictions of the differences between the amount of tax benefits recognized in the financial statements and the amount taken or expected to be taken in a tax return. The company does not expect settlement of income tax liabilities associated with uncertain tax positions to have a material effect on its results of operations, consolidated financial position or liquidity. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt"><font color="#e51837"><i>Guarantees</i></font> The company’s guarantee of approximately $600 is associated with certain payments under a terminal use agreement entered into by a company affiliate. The terminal commenced operations in third quarter 2011. Over the approximate 16-year term of the guarantee, the maximum guarantee amount will be reduced over time as certain fees are paid by the affiliate. There are numerous cross-indemnity agreements with the affiliate and the other partners to permit recovery of amounts paid under the guarantee. Chevron has recorded no liability for its obligation under this guarantee. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt"><font color="#e51837"><i>Indemnifications</i></font> The company provided certain indemnities of contingent liabilities of Equilon and Motiva to Shell and Saudi Refining, Inc., in connection with the February 2002 sale of the company’s interests in those investments. Through the end of 2011, the company paid $48 under these indemnities and continues to be obligated up to $250 for possible additional indemnification payments in the future. </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">     The company has also provided indemnities relating to contingent environmental liabilities of assets originally contributed by Texaco to the Equilon and Motiva joint ventures and environmental conditions that existed prior to the formation of Equilon and Motiva, or that occurred during the period of Texaco’s ownership interest in the joint ventures. In general, the environmental conditions or events that are subject to these indemnities must have arisen prior to December 2001. Claims had to be asserted by February 2009 for Equilon indemnities and must be asserted no later than February 2012 for Motiva indemnities. In February 2012, Motiva Enterprises LLC delivered a letter to the company purporting to preserve unmatured claims for certain Motiva indemnities. The letter itself provides no estimate of the ultimate claim amount. Management does not believe this letter or any other information provides a basis to estimate the amount, if any, of a range of loss or potential range of loss with respect to either the Equilon or the Motiva indemnities. Under the terms of these indemnities, there is no maximum limit on the amount of potential future payments. The company posts no assets as collateral and has made no payments under the indemnities. </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">     The amounts payable for the indemnities described in the preceding paragraph are to be net of amounts recovered from insurance carriers and others and net of liabilities recorded by Equilon or Motiva prior to September 30, 2001, for any applicable incident. </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">     In the acquisition of Unocal, the company assumed certain indemnities relating to contingent environmental liabilities associated with assets that were sold in 1997. The acquirer of those assets shared in certain environmental remediation costs up to a maximum obligation of $200, which had been reached at December 31, 2009. Under the indemnification agreement, after reaching the $200 obligation, Chevron is solely responsible until April 2022, when the indemnification expires. The environmental conditions or events that are subject to these indemnities must have arisen prior to the sale of the assets in 1997. </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">     Although the company has provided for known obligations under this indemnity that are probable and reasonably estimable, the amount of additional future costs may be material to results of operations in the period in which they are recognized. The company does not expect these costs will have a material effect on its consolidated financial position or liquidity. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt"><font color="#e51837"><i>Long-Term Unconditional Purchase Obligations and Commitments, Including Throughput and Take-or-Pay Agreements</i></font> The company and its subsidiaries have certain other contingent liabilities with respect to long-term unconditional purchase obligations and commitments, including throughput and take-or-pay agreements, some of which relate to suppliers’ financing arrangements. The agreements typically provide goods and services, such as pipeline and storage capacity, drilling rigs, utilities, and petroleum products, to be used or sold in the ordinary course of the company’s business. The aggregate approximate amounts of required payments under these various commitments are: 2012 – $6,000; 2013 – $4,000; 2014 – $3,900; 2015 – $3,200; 2016 – $1,900; 2017 and after – $7,400. A portion of these commitments may ultimately be shared with project partners. Total payments under the agreements were approximately $6,600 in 2011, $6,500 in 2010 and $8,100 in 2009. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt"><font color="#e51837"><i>Environmental</i></font> The company is subject to loss contingencies pursuant to laws, regulations, private claims and legal proceedings related to environmental matters that are subject to legal settlements or that in the future may require the company to take action to correct or ameliorate the effects on the environment of prior release of chemicals or petroleum substances, including MTBE, by the company or other parties. Such contingencies may exist for various sites, including, but not limited to, federal Superfund sites and analogous sites under state laws, refineries, crude oil fields, service stations, terminals, land development areas, and mining operations, whether operating, closed or divested. These future costs are not fully determinable due to such factors as the unknown magnitude of possible contamination, the unknown timing and extent of the corrective actions that may be required, the determination of the company’s liability in proportion to other responsible parties, and the extent to which such costs are recoverable from third parties. </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">     Although the company has provided for known environmental obligations that are probable and reasonably estimable, the amount of additional future costs may be material to results of operations in the period in which they are recognized. The company does not expect these costs will have a material effect on its consolidated financial position or liquidity. Also, the company does not believe its obligations to make such expenditures have had, or will have, any significant impact on the company’s competitive position relative to other U.S. or international petroleum or chemical companies. </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">     Chevron’s environmental reserve as of December 31, 2011, was $1,404. Included in this balance were remediation activities at approximately 180 sites for which the company had been identified as a potentially responsible party or otherwise involved in the remediation by the U.S. Environmental Protection Agency (EPA) or other regulatory agencies under the provisions of the federal Superfund law or analogous state laws. The company’s remediation reserve for these sites at year-end 2011 was $185. The federal Superfund law and analogous state laws provide for joint and several liability for all responsible parties. Any future actions by the EPA or other regulatory agencies to require Chevron to assume other potentially responsible parties’ costs at designated hazardous waste sites are not expected to have a material effect on the company’s results of operations, consolidated financial position or liquidity. </div> </div> <div> <div align="left" style="font-size: 10pt; margin-top: 6pt">     Of the remaining year-end 2011 environmental reserves balance of $1,219, $675 related to the company’s U.S. downstream operations, including refineries and other plants, marketing locations (i.e., service stations and terminals), chemical facilities, and pipelines. The remaining $544 was associated with various sites in international downstream ($95), upstream ($368) and other businesses ($81). Liabilities at all sites, whether operating, closed or divested, were primarily associated with the company’s plans and activities to remediate soil or groundwater contamination or both. These and other activities include one or more of the following: site assessment; soil excavation; offsite disposal of contaminants; onsite containment, remediation and/or extraction of petroleum hydrocarbon liquid and vapor from soil; groundwater extraction and treatment; and monitoring of the natural attenuation of the contaminants. </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">     The company manages environmental liabilities under specific sets of regulatory requirements, which in the United States include the Resource Conservation and Recovery Act and various state and local regulations. No single remediation site at year-end 2011 had a recorded liability that was material to the company’s results of operations, consolidated financial position or liquidity. </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">     It is likely that the company will continue to incur additional liabilities, beyond those recorded, for environmental remediation relating to past operations. These future costs are not fully determinable due to such factors as the unknown magnitude of possible contamination, the unknown timing and extent of the corrective actions that may be required, the determination of the company’s liability in proportion to other responsible parties, and the extent to which such costs are recoverable from third parties. </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">     Refer to Note 25 on page FS-58 for a discussion of the company’s asset retirement obligations. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt"><font color="#e51837"><i>Other Contingencies</i></font> On April 26, 2010, a California appeals court issued a ruling related to the adequacy of an Environmental Impact Report (EIR) supporting the issuance of certain permits by the city of Richmond, California, to replace and upgrade certain facilities at Chevron’s refinery in Richmond. Settlement discussions with plaintiffs in the case ended late fourth quarter 2010, and on March 3, 2011, the trial court entered a final judgment and peremptory writ ordering the City to set aside the project EIR and conditional use permits and enjoining Chevron from any further work. On May 23, 2011, the company filed an application with the City Planning Department for a conditional use permit for a revised project to complete construction of the hydrogen plant, certain sulfur removal facilities and related infrastructure. On June 10, 2011, the City published its Notice of Preparation of the revised EIR for the project. The revised and recirculated EIR is intended to comply with the appeals court decision. Management believes the outcomes associated with the project are uncertain. Due to the uncertainty of the company’s future course of action, or potential outcomes of any action or combination of actions, management does not believe an estimate of the financial effects, if any, can be made at this time. However, the company’s ultimate exposure may be significant to net income in any one future period. </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">     Chevron receives claims from and submits claims to customers; trading partners; U.S. federal, state and local regulatory bodies; governments; contractors; insurers; and suppliers. The amounts of these claims, individually and in the aggregate, may be significant and take lengthy periods to resolve. </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">     The company and its affiliates also continue to review and analyze their operations and may close, abandon, sell, exchange, acquire or restructure assets to achieve operational or strategic benefits and to improve competitiveness and profitability. These activities, individually or together, may result in gains or losses in future periods. </div> <div align="left"> </div> </div> </div>

<div style="font-family: 'Times New Roman',Times,serif"> <div> <div align="left" style="font-size: 12pt; font-family: Helvetica,Arial,sans-serif; color: #0077c0; margin-top: 10pt"><b>Note 25</b> </div> <div align="left" style="font-size: 8pt; margin-top: 0pt; font-family: Helvetica,Arial,sans-serif; color: #0077c0">Asset Retirement Obligations </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">The company records the fair value of a liability for an asset retirement obligation (ARO) as an asset and liability when there is a legal obligation associated with the retirement of a tangible long-lived asset and the liability can be reasonably estimated. The legal obligation to perform the asset retirement activity is unconditional, even though uncertainty may exist about the timing and/or method of settlement that may be beyond the company’s control. This uncertainty about the timing and/or method of settlement is factored into the measurement of the liability when sufficient information exists to reasonably estimate fair value. Recognition of the ARO includes: (1) the present value of a liability and offsetting asset, (2) the subsequent accretion of that liability and depreciation of the asset, and (3) the periodic review of the ARO liability estimates and discount rates. </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">     AROs are primarily recorded for the company’s crude oil and natural gas producing assets. No significant AROs associated with any legal obligations to retire downstream long-lived assets have been recognized, as indeterminate settlement dates for the asset retirements prevent estimation of the fair value of the associated ARO. The company performs periodic reviews of its downstream long-lived assets for any changes in facts and circumstances that might require recognition of a retirement obligation. </div> </div> <div> <div align="left" style="font-size: 10pt; margin-top: 6pt">     The following table indicates the changes to the company’s before-tax asset retirement obligations in 2011, 2010 and 2009: </div> <div align="center"> <table style="font-size: 8pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="59%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="8%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="8%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="8%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2011</b></td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2010</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2009</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px">Balance at January 1 </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>12,488</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left">$</td> <td align="right">10,175</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">9,395</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Liabilities incurred </div></td> <td> </td> <td> </td> <td align="right"><b>62</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">129</td> <td> </td> <td> </td> <td> </td> <td align="right">144</td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px">Liabilities settled </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(1,316</b></td> <td nowrap="nowrap"><b>)</b></td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(755</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(757</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Accretion expense </div></td> <td> </td> <td> </td> <td align="right"><b>628</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">513</td> <td> </td> <td> </td> <td> </td> <td align="right">463</td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px">Revisions in estimated cash flows </div></td> <td> </td> <td> </td> <td align="right"><b>905</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">2,426</td> <td> </td> <td> </td> <td> </td> <td align="right">930</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Balance at December 31 </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>12,767</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left">$</td> <td align="right">12,488</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">10,175</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-bottom: 3px solid #0077c0"> </td> <td colspan="6" align="left" style="border-bottom: 3px solid #0077c0"> </td> <td> </td> </tr>  </table> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">     The long-term portion of the $12,767 balance at the end of 2011 was $11,999. </div> <div align="left"> </div> </div> </div>

<div style="font-family: 'Times New Roman',Times,serif"> <div> <div align="left" style="font-size: 12pt; font-family: Helvetica,Arial,sans-serif; color: #0077c0; margin-top: 10pt"><b>Note 26</b> </div> <div align="left" style="font-size: 8pt; margin-top: 0pt; font-family: Helvetica,Arial,sans-serif; color: #0077c0">Other Financial Information </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">Earnings in 2011 included gains of approximately $1,300 relating to the sale of nonstrategic properties. Of this amount, approximately $800 and $500 related to downstream and upstream assets, respectively. Earnings in 2010 included gains of approximately $700 relating to the sale of nonstrategic properties. Of this amount, approximately $400 and $300 related to downstream and upstream assets, respectively. The revenues and earnings contributions of these assets were not material to periods presented. </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">     Other financial information is as follows: </div> <div align="center"> <table style="font-size: 8pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="59%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="8%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="8%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="8%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="11" style="border-bottom: 1px solid #0077c0">Year ended December 31</td> <td> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2011</b></td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2010</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2009</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px">Total financing interest and debt costs </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>288</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left">$</td> <td align="right">317</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">301</td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px">Less: Capitalized interest </div></td> <td> </td> <td> </td> <td align="right"><b>288</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">267</td> <td> </td> <td> </td> <td> </td> <td align="right">273</td> <td> </td> </tr> <tr style="font-size: 1px"> <td> </td> <td> </td> <td colspan="3" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Interest and debt expense </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>–</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left">$</td> <td align="right">50</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">28</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 3px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 3px solid #0077c0"> </td> <td align="left" style="border-top: 3px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 3px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px">Research and development expenses </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>627</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left">$</td> <td align="right">526</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">603</td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px">Foreign currency effects* </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>121</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(423</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(744</td> <td nowrap="nowrap">)</td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-bottom: 3px solid #0077c0"> </td> <td colspan="6" align="left" style="border-bottom: 3px solid #0077c0"> </td> <td> </td> </tr>  </table> </div> <div style="margin-top: 3pt"> <table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 7pt; text-align: left"> <tr> <td width="1%"></td> <td width="99"></td> </tr> <tr valign="top"> <td nowrap="nowrap" align="left"><sup style="font-size: 85%; vertical-align: text-top">*</sup>  </td> <td>Includes $(27), $(71) and $(194) in 2011, 2010 and 2009, respectively, for the company’s share of equity affiliates’ foreign currency effects.</td> </tr> </table> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">     The excess of replacement cost over the carrying value of inventories for which the last-in, first-out (LIFO) method is used was $9,025 and $6,975 at December 31, 2011 and 2010, respectively. Replacement cost is generally based on average acquisition costs for the year. LIFO profits (charges) of $193, $21 and $(168) were included in earnings for the years 2011, 2010 and 2009, respectively. </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">     The company has $4,642 in goodwill on the Consolidated Balance Sheet related to the 2005 acquisition of Unocal and to the 2011 acquisition of Atlas Energy, Inc. Under the accounting standard for goodwill (ASC 350), the company tested this goodwill for impairment during 2011 and concluded no impairment was necessary. </div> </div> <div> <div align="left"> </div> </div> </div>

<div style="font-family: 'Times New Roman',Times,serif"> <div> <div align="left" style="font-size: 12pt; font-family: Helvetica,Arial,sans-serif; color: #0077c0; margin-top: 10pt"><b>Note 27</b> </div> <div align="left" style="font-size: 8pt; margin-top: 0pt; font-family: Helvetica,Arial,sans-serif; color: #0077c0">Earnings Per Share </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">Basic earnings per share (EPS) is based upon “Net Income Attributable to Chevron Corporation” (“earnings”) and includes the effects of deferrals of salary and other compensation awards that are invested in Chevron stock units by certain officers and employees of the company. Diluted EPS includes the effects of these items as well as the dilutive effects of outstanding stock options awarded under the company’s stock option programs (refer to Note 20, “Stock Options and Other Share-Based Compensation,” beginning on page FS-48). The table below sets forth the computation of basic and diluted EPS: </div> </div> <div align="center"> <table style="font-size: 8pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="65%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="11" style="border-bottom: 1px solid #0077c0">Year ended December 31</td> <td> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2011</b></td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2010</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2009</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Basic EPS Calculation</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Earnings available to common stockholders – Basic* </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>26,895</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left">$</td> <td align="right">19,024</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">10,483</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 3px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 3px solid #0077c0"> </td> <td align="left" style="border-top: 3px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 3px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px">Weighted-average number of common shares outstanding </div></td> <td> </td> <td> </td> <td align="right"><b>1,986</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">1,996</td> <td> </td> <td> </td> <td> </td> <td align="right">1,991</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Add: Deferred awards held as stock units </div></td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">1</td> <td> </td> <td> </td> <td> </td> <td align="right">1</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px">Total weighted-average number of common shares outstanding </div></td> <td> </td> <td> </td> <td align="right"><b>1,986</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">1,997</td> <td> </td> <td> </td> <td> </td> <td align="right">1,992</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 3px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 3px solid #0077c0"> </td> <td align="left" style="border-top: 3px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 3px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Earnings per share of common stock – Basic </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>13.54</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left">$</td> <td align="right">9.53</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">5.26</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 3px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 3px solid #0077c0"> </td> <td align="left" style="border-top: 3px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 3px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Diluted EPS Calculation</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Earnings available to common stockholders – Diluted* </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>26,895</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left">$</td> <td align="right">19,024</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">10,483</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 3px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 3px solid #0077c0"> </td> <td align="left" style="border-top: 3px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 3px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px">Weighted-average number of common shares outstanding </div></td> <td> </td> <td> </td> <td align="right"><b>1,986</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">1,996</td> <td> </td> <td> </td> <td> </td> <td align="right">1,991</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Add: Deferred awards held as stock units </div></td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">1</td> <td> </td> <td> </td> <td> </td> <td align="right">1</td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:30px; text-indent:-15px">Add: Dilutive effect of employee stock-based awards </div></td> <td> </td> <td> </td> <td align="right"><b>15</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">10</td> <td> </td> <td> </td> <td> </td> <td align="right">9</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 3px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 3px solid #0077c0"> </td> <td align="left" style="border-top: 3px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 3px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total weighted-average number of common shares outstanding </div></td> <td> </td> <td> </td> <td align="right"><b>2,001</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">2,007</td> <td> </td> <td> </td> <td> </td> <td align="right">2,001</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 3px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 3px solid #0077c0"> </td> <td align="left" style="border-top: 3px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 3px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px">Earnings per share of common stock – Diluted </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>13.44</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left">$</td> <td align="right">9.48</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">5.24</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-bottom: 3px solid #0077c0"> </td> <td colspan="6" align="left" style="border-bottom: 3px solid #0077c0"> </td> <td> </td> </tr>  </table> </div> <div style="margin-top: 3pt"> <table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 7pt; text-align: left"> <tr valign="top" style="font-size: 7pt; color: #000000; background: transparent"> <td width="1%" nowrap="nowrap" align="left">*  </td> <td width="99%">There was no effect of dividend equivalents paid on stock units or dilutive impact of employee stock-based awards on earnings.</td> </tr> </table> </div> </div>

<div align="left" style="font-size: 10pt; font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-family: 'Times New Roman',Times,serif"> <div> <div align="left" style="font-size: 10pt; margin-top: 6pt"><font color="#e51837"><i>Subsidiary and Affiliated Companies </i></font>The Consolidated Financial Statements include the accounts of controlled subsidiary companies more than 50 percent-owned and any variable-interest entities in which the company is the primary beneficiary. Undivided interests in oil and gas joint ventures and certain other assets are consolidated on a proportionate basis. Investments in and advances to affiliates in which the company has a substantial ownership interest of approximately 20 percent to 50 percent, or for which the company exercises significant influence but not control over policy decisions, are accounted for by the equity method. As part of that accounting, the company recognizes gains and losses that arise from the issuance of stock by an affiliate that results in changes in the company’s proportionate share of the dollar amount of the affiliate’s equity currently in income. </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">     Investments are assessed for possible impairment when events indicate that the fair value of the investment may be below the company’s carrying value. When such a condition is deemed to be other than temporary, the carrying value of the investment is written down to its fair value, and the amount of the write-down is included in net income. In making the determination as to whether a decline is other than temporary, the company considers such factors as the duration and extent of the decline, the investee’s financial performance, and the company’s ability and intention to retain its investment for a period that will be sufficient to allow for any anticipated recovery in the investment’s market value. The new cost basis of investments in these equity investees is not changed for subsequent recoveries in fair value. </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">      Differences between the company’s carrying value of an equity investment and its underlying equity in the net assets of the affiliate are assigned to the extent practicable to specific assets and liabilities based on the company’s analysis of the various factors giving rise to the difference. When appropriate, the company’s share of the affiliate’s reported earnings is adjusted quarterly to reflect the difference between these allocated values and the affiliate’s historical book values. </div> </div> </div> </div>

<div align="left" style="font-size: 10pt; font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-family: 'Times New Roman',Times,serif"> <div> <div align="left" style="font-size: 10pt; margin-top: 6pt"><font color="#e51837"><i>Properties, Plant and Equipment </i></font>The successful efforts method is used for crude oil and natural gas exploration and production activities. All costs for development wells, related plant and equipment, proved mineral interests in crude oil and natural gas properties, and related asset retirement obligation (ARO) assets are capitalized. Costs of exploratory wells are capitalized pending determination of whether the wells found proved reserves. Costs of wells that are assigned proved reserves remain capitalized. Costs also are capitalized for exploratory wells that have found crude oil and natural gas reserves even if the reserves cannot be classified as proved when the drilling is completed, provided the exploratory well has found a sufficient quantity of reserves to justify its completion as a producing well and the company is making sufficient progress assessing the reserves and the economic and operating viability of the project. All other exploratory wells and costs are expensed. Refer to Note 19, beginning on page FS-47, for additional discussion of accounting for suspended exploratory well costs. </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">     Long-lived assets to be held and used, including proved crude oil and natural gas properties, are assessed for possible impairment by comparing their carrying values with their associated undiscounted, future net before-tax cash flows. Events that can trigger assessments for possible impairments include write-downs of proved reserves based on field performance, significant decreases in the market value of an asset, significant change in the extent or manner of use of or a physical change in an asset, and a more-likely-than-not expectation that a long-lived asset or asset group will be sold or otherwise disposed of significantly sooner than the end of its previously estimated useful life. Impaired assets are written down to their estimated fair values, generally their discounted future net before-tax cash flows. For proved crude oil and natural gas properties in the United States, the company generally performs the impairment review on an individual field basis. Outside the United States, reviews are performed on a country, concession, development area or field basis, as appropriate. In Downstream, impairment reviews are performed on the basis of a refinery, a plant, a marketing/lubricants area or distribution area, as appropriate. Impairment amounts are recorded as incremental “Depreciation, depletion and amortization” expense. </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">     Long-lived assets that are held for sale are evaluated for possible impairment by comparing the carrying value of the asset with its fair value less the cost to sell. If the net book value exceeds the fair value less cost to sell, the asset is considered impaired and adjusted to the lower value. Refer to Note 9, beginning on page FS-34, relating to fair value measurements. </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">     The fair value of a liability for an ARO is recorded as an asset and a liability when there is a legal obligation associated with the retirement of a long-lived asset and the amount can be reasonably estimated. Refer also to Note 25, on page FS-58, relating to AROs. </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">     Depreciation and depletion of all capitalized costs of proved crude oil and natural gas producing properties, except mineral interests, are expensed using the unit-of-production method, generally by individual field, as the proved developed reserves are produced. Depletion expenses for capitalized costs of proved mineral interests are recognized using the unit-of-production method by individual field as the related proved reserves are produced. Periodic valuation provisions for impairment of capitalized costs of unproved mineral interests are expensed. </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">     The capitalized costs of all other plant and equipment are depreciated or amortized over their estimated useful lives. In general, the declining-balance method is used to depreciate plant and equipment in the United States; the straight-line method is generally used to depreciate international plant and equipment and to amortize all capitalized leased assets. </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">     Gains or losses are not recognized for normal retirements of properties, plant and equipment subject to composite group amortization or depreciation. Gains or losses from abnormal retirements are recorded as expenses, and from sales as “Other income.” </div> <div align="left" style="font-size: 10pt; margin-top: 0pt">     Expenditures for maintenance (including those for planned major maintenance projects), repairs and minor renewals to maintain facilities in operating condition are generally expensed as incurred. Major replacements and renewals are capitalized. </div> </div> </div> </div>

<div align="left" style="font-size: 10pt; font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-family: 'Times New Roman',Times,serif"> <div> <div align="left" style="font-size: 10pt; margin-top: 0pt">     The acquisition was accounted for as a business combination (ASC 805) which, among other things, requires assets acquired and liabilities assumed to be measured at their acquisition date fair values. Provisional fair value measurements were made in first quarter 2011 for acquired assets and assumed liabilities, and the measurement process was finalized in fourth quarter 2011. </div> </div> </div> </div>

<div align="left" style="font-size: 10pt; font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-family: 'Times New Roman',Times,serif"> <div> <div align="center"> <table style="font-size: 8pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="65%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2011</b></td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2010</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2009</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Balance at January 1 </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>730</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left">$</td> <td align="right">647</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">469</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Net income </div></td> <td> </td> <td> </td> <td align="right"><b>113</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">112</td> <td> </td> <td> </td> <td> </td> <td align="right">80</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Distributions to noncontrolling interests </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(71</b></td> <td nowrap="nowrap"><b>)</b></td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(72</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(71</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Other changes, net </div></td> <td> </td> <td> </td> <td align="right"><b>27</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">43</td> <td> </td> <td> </td> <td> </td> <td align="right">169</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="7" align="left" style="border-top: 1px solid #0077c0"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Balance at December 31 </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>799</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left">$</td> <td align="right">730</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">647</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-bottom: 3px solid #0077c0"> </td> <td colspan="7" align="left" style="border-bottom: 3px solid #0077c0"> </td> </tr>  </table> </div> </div> </div> </div>

<div align="left" style="font-size: 8pt; font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-family: 'Times New Roman',Times,serif"> <div> <div align="center"> <table style="font-size: 8pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%"> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Net purchases of time deposits <br /> consisted of the following <br /> gross amounts: </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Time deposits purchased </div></td> <td> </td> <td nowrap="nowrap" align="left"><b>$</b></td> <td align="right"><b>(6,439</b></td> <td nowrap="nowrap"><b>)</b></td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(5,060</td> <td nowrap="nowrap">)</td> <td> </td> <td align="left">$</td> <td align="right">–</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Time deposits matured </div></td> <td> </td> <td> </td> <td align="right"><b>5,335</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">2,205</td> <td> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Net purchases of time deposits </div></td> <td> </td> <td nowrap="nowrap" align="left"><b>$</b></td> <td align="right"><b>(1,104</b></td> <td nowrap="nowrap"><b>)</b></td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(2,855</td> <td nowrap="nowrap">)</td> <td> </td> <td align="left">$</td> <td align="right">–</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-bottom: 3px solid #0077c0"> </td> <td colspan="6" align="left" style="border-bottom: 3px solid #0077c0"> </td> <td> </td> </tr>  </table> </div> </div> </div> </div>   <div align="left" style="font-size: 10pt; font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-family: 'Times New Roman',Times,serif"> <div> <div align="center"> <table style="font-size: 8pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="65%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="11" style="border-bottom: 1px solid #0077c0">Year ended December 31</td> <td> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2011</b></td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2010</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2009</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Additions to properties, plant <br /> and equipment<sup style="font-size: 85%; vertical-align: text-top">1</sup> </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>25,440</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left">$</td> <td align="right">18,474</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">16,107</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Additions to investments </div></td> <td> </td> <td> </td> <td align="right"><b>900</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">861</td> <td> </td> <td> </td> <td> </td> <td align="right">942</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Current year dry hole expenditures </div></td> <td> </td> <td> </td> <td align="right"><b>332</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">414</td> <td> </td> <td> </td> <td> </td> <td align="right">468</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Payments for other liabilities <br /> and assets, net<sup style="font-size: 85%; vertical-align: text-top">2</sup> </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(172</b></td> <td nowrap="nowrap"><b>)</b></td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(137</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">2,326</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Capital expenditures </div></td> <td> </td> <td> </td> <td align="right"><b>26,500</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">19,612</td> <td> </td> <td> </td> <td> </td> <td align="right">19,843</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Expensed exploration expenditures </div></td> <td> </td> <td> </td> <td align="right"><b>839</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">651</td> <td> </td> <td> </td> <td> </td> <td align="right">790</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Assets acquired through capital <br /> lease obligations and other <br /> financing obligations </div></td> <td> </td> <td> </td> <td align="right"><b>32</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">104</td> <td> </td> <td> </td> <td> </td> <td align="right">19</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Capital and exploratory expenditures, <br /> excluding equity affiliates </div></td> <td> </td> <td> </td> <td align="right"><b>27,371</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">20,367</td> <td> </td> <td> </td> <td> </td> <td align="right">20,652</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Company’s share of expenditures <br /> by equity affiliates </div></td> <td> </td> <td> </td> <td align="right"><b>1,695</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">1,388</td> <td> </td> <td> </td> <td> </td> <td align="right">1,585</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Capital and exploratory expenditures, <br /> including equity affiliates </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>29,066</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left">$</td> <td align="right">21,755</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">22,237</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-bottom: 3px solid #0077c0"> </td> <td colspan="6" align="left" style="border-bottom: 3px solid #0077c0"> </td> <td> </td> </tr>  </table> </div> <div style="margin-top: 3pt"> <table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 7pt; text-align: left"> <tr> <td width="3%"></td> <td width="1%"></td> <td width="96%"></td> </tr> <tr valign="top"> <td colspan="3" nowrap="nowrap"><sup style="font-size: 85%; vertical-align: text-top">1</sup> Excludes noncash additions of $945 in 2011, $2,753 in 2010 and $985 in 2009.</td> </tr> <tr style="font-size: 1pt"> <td> </td> </tr> <tr valign="top"> <td colspan="3" nowrap="nowrap"><sup style="font-size: 85%; vertical-align: text-top">2</sup> 2009 includes payments of $2,450 for accruals recorded in 2008.</td> </tr> </table> </div> </div> </div> </div>   <div align="left" style="font-size: 10pt; font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-family: 'Times New Roman',Times,serif"> <div> <div align="center"> <table style="font-size: 8pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="65%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="11" style="border-bottom: 1px solid #0077c0">Year ended December 31</td> <td> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2011</b></td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2010</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2009</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Sales and other operating <br />revenues </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>187,917</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left">$</td> <td align="right">145,381</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">121,553</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total costs and other deductions </div></td> <td> </td> <td> </td> <td align="right"><b>178,498</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">139,984</td> <td> </td> <td> </td> <td> </td> <td align="right">120,053</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Net income attributable to CUSA </div></td> <td> </td> <td> </td> <td align="right"><b>6,899</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">4,159</td> <td> </td> <td> </td> <td> </td> <td align="right">1,141</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-bottom: 3px solid #0077c0"> </td> <td colspan="6" align="left" style="border-bottom: 3px solid #0077c0"> </td> <td> </td> </tr>  </table> </div> </div> </div> </div>   <div align="left" style="font-size: 8pt; font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-family: 'Times New Roman',Times,serif"> <div> <div align="center"> <table style="font-size: 8pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="75%"> </td> <td width="5%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="1%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="7%">  </td> <td width="1%"> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="7" style="border-bottom: 1px solid #0077c0">At December 31</td> <td> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2011</b></td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2010</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="2" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Current assets </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>34,478</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left">$</td> <td align="right">29,211</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Other assets </div></td> <td> </td> <td> </td> <td align="right"><b>47,556</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">35,294</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Current liabilities </div></td> <td> </td> <td> </td> <td align="right"><b>19,082</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">18,098</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Other liabilities </div></td> <td> </td> <td> </td> <td align="right"><b>26,153</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">16,785</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="2" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total CUSA net equity </div></td> <td> </td> <td> </td> <td align="right"><b>36,799</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">29,622</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 3px solid #0077c0"> </td> <td align="left" style="border-right: 0px solid #0077c0; border-top: 3px solid #0077c0"> </td> <td align="left" style="border-top: 3px solid #0077c0"> </td> <td colspan="2" align="left" style="border-top: 3px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom" style="font-size: 6pt"> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-right: 0px solid #0077c0"> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Memo: Total debt </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>14,763</b></td> <td> </td> <td style="border-right: 0px solid #0077c0"> </td> <td> </td> <td align="left">$</td> <td align="right">8,284</td> <td> </td> </tr>  </table> </div> </div> </div> </div>   <div align="left" style="font-size: 10pt; font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-family: 'Times New Roman',Times,serif"> <div> <div align="center"> <table style="font-size: 8pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="65%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="11" style="border-bottom: 1px solid #0077c0">Year ended December 31</td> <td> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2011</b></td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2010</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2009</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Sales and other operating revenues </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>793</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left">$</td> <td align="right">885</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">683</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total costs and other deductions </div></td> <td> </td> <td> </td> <td align="right"><b>974</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">1,008</td> <td> </td> <td> </td> <td> </td> <td align="right">810</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Net loss attributable to CTC </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(177</b></td> <td nowrap="nowrap"><b>)</b></td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(116</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(124</td> <td nowrap="nowrap">)</td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-bottom: 3px solid #0077c0"> </td> <td colspan="6" align="left" style="border-bottom: 3px solid #0077c0"> </td> <td> </td> </tr>  </table> </div> </div> </div> </div>   <div align="left" style="font-size: 8pt; font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-family: 'Times New Roman',Times,serif"> <div> <div align="center"> <table style="font-size: 8pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="77%"> </td> <td width="5%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="6%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="6%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="7" style="border-bottom: 1px solid #0077c0">At December 31</td> <td> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2011</b></td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2010*</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="2" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Current assets </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>290</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left">$</td> <td align="right">309</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Other assets </div></td> <td> </td> <td> </td> <td align="right"><b>228</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">201</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Current liabilities </div></td> <td> </td> <td> </td> <td align="right"><b>114</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">101</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Other liabilities </div></td> <td> </td> <td> </td> <td align="right"><b>346</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">175</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="2" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total CTC net equity </div></td> <td> </td> <td> </td> <td align="right"><b>58</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">234</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-bottom: 3px solid #0077c0"> </td> <td colspan="2" align="left" style="border-bottom: 3px solid #0077c0"> </td> <td> </td> </tr>  </table> </div> <div style="margin-top: 3pt"> <table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 7pt; text-align: left"> <tr> <td width="1%"></td> <td width="1%"></td> <td width="98%"></td> </tr> <tr valign="top"> <td nowrap="nowrap" align="left">*</td> <td> </td> <td>2010 current assets and other liabilities conformed with 2011 presentation.</td> </tr> </table> </div> </div> </div> </div>   <div align="left" style="font-size: 10pt; font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-family: 'Times New Roman',Times,serif"> <div> <div align="center"> <table style="font-size: 8pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="65%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="11" style="border-bottom: 1px solid #0077c0">Year ended December 31</td> <td> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2011</b></td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2010</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2009</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Sales and other operating revenues </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>25,278</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left">$</td> <td align="right">17,812</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">12,013</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Costs and other deductions </div></td> <td> </td> <td> </td> <td align="right"><b>10,941</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">8,394</td> <td> </td> <td> </td> <td> </td> <td align="right">6,044</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Net income attributable to TCO </div></td> <td> </td> <td> </td> <td align="right"><b>10,039</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">6,593</td> <td> </td> <td> </td> <td> </td> <td align="right">4,178</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-bottom: 3px solid #0077c0"> </td> <td colspan="6" align="left" style="border-bottom: 3px solid #0077c0"> </td> <td> </td> </tr>  </table> </div> </div> </div> </div>   <div align="left" style="font-size: 8pt; font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-family: 'Times New Roman',Times,serif"> <div> <div align="center"> <table style="font-size: 8pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="77%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="7" style="border-bottom: 1px solid #0077c0">At December 31</td> <td> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2011</b></td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2010</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="2" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Current assets </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>3,477</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left">$</td> <td align="right">3,376</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Other assets </div></td> <td> </td> <td> </td> <td align="right"><b>11,619</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">11,813</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Current liabilities </div></td> <td> </td> <td> </td> <td align="right"><b>2,995</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">2,402</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Other liabilities </div></td> <td> </td> <td> </td> <td align="right"><b>3,759</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">4,130</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="2" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total TCO net equity </div></td> <td> </td> <td> </td> <td align="right"><b>8,342</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">8,657</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-bottom: 3px solid #0077c0"> </td> <td colspan="2" align="left" style="border-bottom: 3px solid #0077c0"> </td> <td> </td> </tr>  </table> </div> </div> </div> </div>

<div align="left" style="font-size: 10pt; font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-family: 'Times New Roman',Times,serif"> <div> <div align="center"> <table style="font-size: 8pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="77%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="7" style="border-bottom: 1px solid #0077c0">At December 31</td> <td> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2011</b></td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2010</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="2" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Upstream </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>585</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left">$</td> <td align="right">561</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Downstream </div></td> <td> </td> <td> </td> <td align="right"><b>316</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">316</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">All Other </div></td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">169</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="2" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Total </div></td> <td> </td> <td> </td> <td align="right"><b>901</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">1,046</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Less: Accumulated amortization </div></td> <td> </td> <td> </td> <td align="right"><b>568</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">573</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="2" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Net capitalized leased assets </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>333</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left">$</td> <td align="right">473</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-bottom: 3px solid #0077c0"> </td> <td colspan="2" align="left" style="border-bottom: 3px solid #0077c0"> </td> <td> </td> </tr>  </table> </div> </div> </div> </div>

<div align="left" style="font-size: 10pt; font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-family: 'Times New Roman',Times,serif"> <div align="center"> <table style="font-size: 8pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="21%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="14" style="border-bottom: 1px solid #0077c0">At December 31, 2011</td> <td nowrap="nowrap" align="right" colspan="0" style="border-bottom: 1px solid #0077c0"> </td> <td nowrap="nowrap" align="right" colspan="0" style="border-bottom: 1px solid #0077c0"> </td> <td nowrap="nowrap" align="right" colspan="0" style="border-bottom: 1px solid #0077c0"> </td> <td nowrap="nowrap" align="right" colspan="14" style="border-bottom: 1px solid #0077c0">At December 31, 2010</td> <td> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">Total</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">Level 1</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">Level 2</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">Level 3</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">Total</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">Level 1</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">Level 2</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">Level 3</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="14" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Marketable securities </div></td> <td> </td> <td> </td> <td align="right"><b>249</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>249</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">155</td> <td> </td> <td> </td> <td> </td> <td align="right">155</td> <td> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Derivatives </div></td> <td> </td> <td> </td> <td align="right"><b>208</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>104</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>104</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">122</td> <td> </td> <td> </td> <td> </td> <td align="right">11</td> <td> </td> <td> </td> <td> </td> <td align="right">111</td> <td> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="14" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px"><b>Total Assets at Fair Value</b> </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>457</b></td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>353</b></td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>104</b></td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>–</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left">$</td> <td align="right">277</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">166</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">111</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">–</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Derivatives </div></td> <td> </td> <td> </td> <td align="right"><b>102</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>101</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>1</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">171</td> <td> </td> <td> </td> <td> </td> <td align="right">75</td> <td> </td> <td> </td> <td> </td> <td align="right">96</td> <td> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="14" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px"><b>Total Liabilities at Fair Value</b> </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>102</b></td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>101</b></td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>1</b></td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>–</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left">$</td> <td align="right">171</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">75</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">96</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">–</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-bottom: 3px solid #0077c0"> </td> <td colspan="14" align="left" style="border-bottom: 3px solid #0077c0"> </td> <td> </td> </tr>  </table> </div> </div> </div>

<div align="left" style="font-size: 10pt; font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-family: 'Times New Roman',Times,serif"> <div> <div align="center"> <table style="font-size: 8pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="1%"> </td> <td width="8%"> </td> <td width="1%"> </td> <td width="14%"> </td> <td width="41%"> </td> <td width="5%"> </td> <td width="4%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="2%"> </td> <td width="4%"> </td> <td width="2%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="left">Balance Sheet</td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">At December 31</td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">At December 31</td> <td> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td nowrap="nowrap" align="right" colspan="2">Type of Contract</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left">Classification</td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2011</b></td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2010</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-bottom: 1px solid #0077c0"> </td> <td align="left" style="border-bottom: 1px solid #0077c0"> </td> <td align="left" style="border-bottom: 1px solid #0077c0"> </td> <td colspan="2" align="left" style="border-bottom: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td colspan="3" valign="top" align="left">Commodity</td> <td> </td> <td> <div style="margin-left:15px; text-indent:-15px">Accounts and<br /> notes receivable, net </div></td> <td> </td> <td align="right"><b>$</b></td> <td align="right"><b>133</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="right">$</td> <td align="right">58</td> <td> </td> </tr> <tr valign="bottom"> <td colspan="3" valign="top" align="left">Commodity</td> <td> </td> <td> <div style="margin-left:15px; text-indent:-15px">Long-term<br /> receivables, net </div></td> <td> </td> <td> </td> <td align="right"><b>75</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">64</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="2" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td colspan="5" align="left"> <div style="margin-left:30px; text-indent:-15px">Total Assets at Fair Value </div></td> <td> </td> <td align="right"><b>$</b></td> <td align="right"><b>208</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="right">$</td> <td align="right">122</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="2" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td colspan="3" valign="top" align="left">Commodity</td> <td> </td> <td> <div style="margin-left:15px; text-indent:-15px">Accounts payable </div></td> <td> </td> <td align="right"><b>$</b></td> <td align="right"><b>36</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="right">$</td> <td align="right">131</td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td colspan="3" valign="top" align="left">Commodity</td> <td> </td> <td nowrap="nowrap"> <div style="margin-left:15px; text-indent:-15px">Deferred credits and other<br /> noncurrent obligations </div></td> <td> </td> <td> </td> <td align="right"><b>66</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">40</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="2" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td colspan="5" align="left"> <div style="margin-left:30px; text-indent:-15px">Total Liabilities at Fair Value </div></td> <td> </td> <td align="right"><b>$</b></td> <td align="right"><b>102</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="right">$</td> <td align="right">171</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 3px solid #0077c0"> </td> <td align="left" style="border-right: 0px solid #0077c0; border-top: 3px solid #0077c0"> </td> <td align="left" style="border-top: 3px solid #0077c0"> </td> <td colspan="2" align="left" style="border-top: 3px solid #0077c0"> </td> <td> </td> </tr>  </table> </div> </div> </div> </div>

<div align="left" style="font-size: 10pt; font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-family: 'Times New Roman',Times,serif"> <div> <div align="center"> <table style="font-size: 8pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="53%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="11">Gain/(Loss)</td> <td> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td nowrap="nowrap" align="right" colspan="2">Type of Derivative</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left">Statement of</td> <td> </td> <td nowrap="nowrap" align="right" colspan="11" style="border-bottom: 1px solid #0077c0">Year ended December 31</td> <td> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td nowrap="nowrap" align="right" colspan="2">Contract</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left">Income Classification</td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2011</b></td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2010</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2009</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-bottom: 1px solid #0077c0"> </td> <td align="left" style="border-bottom: 1px solid #0077c0"> </td> <td align="left" style="border-bottom: 1px solid #0077c0"> </td> <td colspan="6" align="left" style="border-bottom: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td nowrap="nowrap" colspan="3" valign="top" align="left">Foreign Exchange</td> <td> </td> <td> <div style="margin-left:15px; text-indent:-15px">Other income </div></td> <td> </td> <td align="right"><b>$</b></td> <td align="right"><b>–</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="right">$</td> <td align="right">–</td> <td> </td> <td> </td> <td align="right">$</td> <td align="right">26</td> <td> </td> </tr> <tr valign="bottom"> <td colspan="3" valign="top" align="left">Commodity</td> <td> </td> <td> <div style="margin-left:15px; text-indent:-15px">Sales and other<br /> operating revenues </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(255</b></td> <td nowrap="nowrap"><b>)</b></td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(98</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(94</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom" style="background: #ffffff"> <td colspan="3" nowrap="nowrap" valign="top" align="left">Commodity</td> <td> </td> <td> <div style="margin-left:15px; text-indent:-15px">Purchased crude oil <br />and products </div></td> <td> </td> <td> </td> <td align="right"><b>15</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(36</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(353</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom"> <td colspan="3" nowrap="nowrap" valign="top" align="left">Commodity</td> <td> </td> <td> <div style="margin-left:15px; text-indent:-15px">Other income </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(2</b></td> <td nowrap="nowrap"><b>)</b></td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(1</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td valign="top" align="left"> </td> <td valign="top" align="right"> </td> <td valign="top"> </td> <td> </td> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td nowrap="nowrap" align="left"><b>$</b></td> <td align="right"><b>(242</b></td> <td nowrap="nowrap"><b>)</b></td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(135</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(421</td> <td nowrap="nowrap">)</td> </tr> <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 3px solid #0077c0"> </td> <td align="left" style="border-right: 0px solid #0077c0; border-top: 3px solid #0077c0"> </td> <td align="left" style="border-top: 3px solid #0077c0"> </td> <td colspan="6" nowrap="nowrap" align="left" style="border-top: 3px solid #0077c0"> </td> <td> </td> </tr>  </table> </div> </div> </div> </div>

<div align="left" style="font-size: 10pt; font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-family: 'Times New Roman',Times,serif"> <div> <div align="center"> <table style="font-size: 8pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="65%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="11" style="border-bottom: 1px solid #0077c0">Year ended December 31</td> <td> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2011</b></td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2010</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2009</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-bottom: 1px solid #0077c0"> </td> <td align="left" style="border-bottom: 1px solid #0077c0"> </td> <td align="left" style="border-bottom: 1px solid #0077c0"> </td> <td colspan="6" align="left" style="border-bottom: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Segment Earnings</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Upstream</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:30px; text-indent:-15px">United States </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>6,512</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left">$</td> <td align="right">4,122</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">2,262</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">International </div></td> <td> </td> <td> </td> <td align="right"><b>18,274</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">13,555</td> <td> </td> <td> </td> <td> </td> <td align="right">8,670</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Total Upstream</b> </div></td> <td> </td> <td> </td> <td align="right"><b>24,786</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">17,677</td> <td> </td> <td> </td> <td> </td> <td align="right">10,932</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Downstream</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:30px; text-indent:-15px">United States </div></td> <td> </td> <td> </td> <td align="right"><b>1,506</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">1,339</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(121</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">International </div></td> <td> </td> <td> </td> <td align="right"><b>2,085</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">1,139</td> <td> </td> <td> </td> <td> </td> <td align="right">594</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Total Downstream</b> </div></td> <td> </td> <td> </td> <td align="right"><b>3,591</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">2,478</td> <td> </td> <td> </td> <td> </td> <td align="right">473</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Total Segment Earnings</b> </div></td> <td> </td> <td> </td> <td align="right"><b>28,377</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">20,155</td> <td> </td> <td> </td> <td> </td> <td align="right">11,405</td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px"><b>All Other</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Interest expense </div></td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(41</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(22</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:30px; text-indent:-15px">Interest income </div></td> <td> </td> <td> </td> <td align="right"><b>78</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">70</td> <td> </td> <td> </td> <td> </td> <td align="right">46</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Other </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(1,560</b></td> <td nowrap="nowrap"><b>)</b></td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(1,160</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(946</td> <td nowrap="nowrap">)</td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Net Income Attributable<br />to Chevron Corporation</b> </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>26,895</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left">$</td> <td align="right">19,024</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">10,483</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 3px solid #0077c0"> </td> <td align="left" style="border-right: 0px solid #0077c0; border-top: 3px solid #0077c0"> </td> <td align="left" style="border-top: 3px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 3px solid #0077c0"> </td> <td> </td> </tr>  </table> </div> </div> </div> </div>

<div align="left" style="font-size: 10pt; font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-family: 'Times New Roman',Times,serif"> <div> <div align="center"> <table style="font-size: 8pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="41%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="6">Investments and Advances</td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="10">Equity in Earnings</td> <td> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #0077c0">At December 31</td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="10" style="border-bottom: 1px solid #0077c0">Year ended December 31</td> <td> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2011</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2010</td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2011</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2010</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2009</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-bottom: 1px solid #0077c0"> </td> <td align="left" style="border-bottom: 1px solid #0077c0"> </td> <td align="left" style="border-bottom: 1px solid #0077c0"> </td> <td colspan="10" align="left" style="border-bottom: 1px solid #0077c0"> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Upstream</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Tengizchevroil </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>5,306</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">5,789</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left"><b>$ </b></td> <td align="right"><b>5,097</b></td> <td> </td> <td> </td> <td align="left">$ </td> <td align="right">3,398</td> <td> </td> <td> </td> <td align="left">$ </td> <td align="right">2,216</td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:30px; text-indent:-15px">Petropiar </div></td> <td> </td> <td> </td> <td align="right"><b>909</b></td> <td> </td> <td> </td> <td> </td> <td align="right">973</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>116</b></td> <td> </td> <td> </td> <td> </td> <td align="right">262</td> <td> </td> <td> </td> <td> </td> <td align="right">122</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Caspian Pipeline Consortium </div></td> <td> </td> <td> </td> <td align="right"><b>1,094</b></td> <td> </td> <td> </td> <td> </td> <td align="right">974</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>122</b></td> <td> </td> <td> </td> <td> </td> <td align="right">124</td> <td> </td> <td> </td> <td> </td> <td align="right">105</td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:30px; text-indent:-15px">Petroboscan </div></td> <td> </td> <td> </td> <td align="right"><b>1,032</b></td> <td> </td> <td> </td> <td> </td> <td align="right">937</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>247</b></td> <td> </td> <td> </td> <td> </td> <td align="right">222</td> <td> </td> <td> </td> <td> </td> <td align="right">171</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Angola LNG Limited </div></td> <td> </td> <td> </td> <td align="right"><b>2,921</b></td> <td> </td> <td> </td> <td> </td> <td align="right">2,481</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(42</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(21</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(12</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:30px; text-indent:-15px">Other </div></td> <td> </td> <td> </td> <td align="right"><b>2,420</b></td> <td> </td> <td> </td> <td> </td> <td align="right">1,922</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>166</b></td> <td> </td> <td> </td> <td> </td> <td align="right">319</td> <td> </td> <td> </td> <td> </td> <td align="right">287</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="10" align="left" style="border-top: 1px solid #0077c0"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px"><b>Total Upstream</b> </div></td> <td> </td> <td> </td> <td align="right"><b>13,682</b></td> <td> </td> <td> </td> <td> </td> <td align="right">13,076</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>5,706</b></td> <td> </td> <td> </td> <td> </td> <td align="right">4,304</td> <td> </td> <td> </td> <td> </td> <td align="right">2,889</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="10" align="left" style="border-top: 1px solid #0077c0"> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Downstream</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">GS Caltex Corporation </div></td> <td> </td> <td> </td> <td align="right"><b>2,572</b></td> <td> </td> <td> </td> <td> </td> <td align="right">2,496</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>248</b></td> <td> </td> <td> </td> <td> </td> <td align="right">158</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(191</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:30px; text-indent:-15px">Chevron Phillips Chemical Company LLC </div></td> <td> </td> <td> </td> <td align="right"><b>2,909</b></td> <td> </td> <td> </td> <td> </td> <td align="right">2,419</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>985</b></td> <td> </td> <td> </td> <td> </td> <td align="right">704</td> <td> </td> <td> </td> <td> </td> <td align="right">328</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Star Petroleum Refining Company Ltd. </div></td> <td> </td> <td> </td> <td align="right"><b>1,022</b></td> <td> </td> <td> </td> <td> </td> <td align="right">947</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>75</b></td> <td> </td> <td> </td> <td> </td> <td align="right">122</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(4</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:30px; text-indent:-15px">Caltex Australia Ltd. </div></td> <td> </td> <td> </td> <td align="right"><b>819</b></td> <td> </td> <td> </td> <td> </td> <td align="right">767</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>117</b></td> <td> </td> <td> </td> <td> </td> <td align="right">101</td> <td> </td> <td> </td> <td> </td> <td align="right">11</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Colonial Pipeline Company </div></td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td> </td> <td> </td> <td align="right">43</td> <td> </td> <td> </td> <td> </td> <td align="right">51</td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:30px; text-indent:-15px">Other </div></td> <td> </td> <td> </td> <td align="right"><b>630</b></td> <td> </td> <td> </td> <td> </td> <td align="right">602</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>183</b></td> <td> </td> <td> </td> <td> </td> <td align="right">151</td> <td> </td> <td> </td> <td> </td> <td align="right">149</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="10" align="left" style="border-top: 1px solid #0077c0"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px"><b>Total Downstream</b> </div></td> <td> </td> <td> </td> <td align="right"><b>7,952</b></td> <td> </td> <td> </td> <td> </td> <td align="right">7,231</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>1,608</b></td> <td> </td> <td> </td> <td> </td> <td align="right">1,279</td> <td> </td> <td> </td> <td> </td> <td align="right">344</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="10" align="left" style="border-top: 1px solid #0077c0"> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px"><b>All Other</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Other </div></td> <td> </td> <td> </td> <td align="right"><b>516</b></td> <td> </td> <td> </td> <td> </td> <td align="right">509</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>49</b></td> <td> </td> <td> </td> <td> </td> <td align="right">54</td> <td> </td> <td> </td> <td> </td> <td align="right">83</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="10" align="left" style="border-top: 1px solid #0077c0"> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:30px; text-indent:-15px">Total equity method </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>22,150</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">20,816</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>7,363</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">5,637</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">3,316</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Other at or below cost </div></td> <td> </td> <td> </td> <td align="right"><b>718</b></td> <td> </td> <td> </td> <td> </td> <td align="right">704</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 1px solid #0077c0"> </td> <td style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:30px; text-indent:-15px">Total investments and advances </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>22,868</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">21,520</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="10" align="left" style="border-top: 1px solid #0077c0"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total United States </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>4,847</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">3,769</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>1,119</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">846</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">511</td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px">Total International </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>18,021</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">17,751</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>6,244</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">4,791</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">2,805</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-bottom: 3px solid #0077c0"> </td> <td colspan="10" align="left" style="border-bottom: 3px solid #0077c0"> </td> </tr>  </table> </div> </div> </div> </div>

<div align="left" style="font-size: 8pt; font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-family: 'Times New Roman',Times,serif"> <p> </p> <div align="center"> <table style="font-size: 8pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="19%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="1%"> </td> <td width="1%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="1%"> </td> <td width="1%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="1%"> </td> <td width="1%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="23" style="border-bottom: 1px solid #0077c0">At December 31</td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="23" style="border-bottom: 1px solid #0077c0">Year ended December 31</td> <td> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="10" style="border-bottom: 1px solid #0077c0">Gross Investment at Cost</td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="10" style="border-bottom: 1px solid #0077c0">Net Investment</td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="10" style="border-bottom: 1px solid #0077c0">Additions at Cost<sup style="font-size: 85%; vertical-align: text-top">2,3</sup></td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="10" style="border-bottom: 1px solid #0077c0">Depreciation Expense<sup style="font-size: 85%; vertical-align: text-top">4</sup></td> <td> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2011</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2010</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2009</td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2011</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2010</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2009</td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2011</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2010</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2009</td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2011</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2010</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2009</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-bottom: 1px solid #0077c0"> </td> <td align="left" style="border-bottom: 1px solid #0077c0"> </td> <td align="left" style="border-bottom: 1px solid #0077c0"> </td> <td colspan="11" align="left" style="border-bottom: 1px solid #0077c0"> </td> <td align="left" style="border-bottom: 1px solid #0077c0"> </td> <td align="left" style="border-bottom: 1px solid #0077c0"> </td> <td colspan="11" align="left" style="border-bottom: 1px solid #0077c0"> </td> <td align="left" style="border-bottom: 1px solid #0077c0"> </td> <td align="left" style="border-bottom: 1px solid #0077c0"> </td> <td colspan="10" align="left" style="border-bottom: 1px solid #0077c0"> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Upstream</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">United States </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>74,369</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">62,523</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">58,328</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>33,461</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">23,277</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">22,273</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>14,404</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">4,934</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">3,518</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>3,870</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">4,078</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">3,992</td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:30px; text-indent:-15px">International </div></td> <td> </td> <td> </td> <td align="right"><b>125,795</b></td> <td> </td> <td> </td> <td> </td> <td align="right">110,578</td> <td> </td> <td> </td> <td> </td> <td align="right">96,557</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>72,543</b></td> <td> </td> <td> </td> <td> </td> <td align="right">64,388</td> <td> </td> <td> </td> <td> </td> <td align="right">57,450</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>15,722</b></td> <td> </td> <td> </td> <td> </td> <td align="right">14,381</td> <td> </td> <td> </td> <td> </td> <td align="right">10,803</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>7,590</b></td> <td> </td> <td> </td> <td> </td> <td align="right">7,448</td> <td> </td> <td> </td> <td> </td> <td align="right">6,669</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="11" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="11" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="10" align="left" style="border-top: 1px solid #0077c0"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Total Upstream</b> </div></td> <td> </td> <td> </td> <td align="right"><b>200,164</b></td> <td> </td> <td> </td> <td> </td> <td align="right">173,101</td> <td> </td> <td> </td> <td> </td> <td align="right">154,885</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>106,004</b></td> <td> </td> <td> </td> <td> </td> <td align="right">87,665</td> <td> </td> <td> </td> <td> </td> <td align="right">79,723</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>30,126</b></td> <td> </td> <td> </td> <td> </td> <td align="right">19,315</td> <td> </td> <td> </td> <td> </td> <td align="right">14,231</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>11,460</b></td> <td> </td> <td> </td> <td> </td> <td align="right">11,526</td> <td> </td> <td> </td> <td> </td> <td align="right">10,661</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="11" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="11" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="10" align="left" style="border-top: 1px solid #0077c0"> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Downstream</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">United States </div></td> <td> </td> <td> </td> <td align="right"><b>20,699</b></td> <td> </td> <td> </td> <td> </td> <td align="right">19,820</td> <td> </td> <td> </td> <td> </td> <td align="right">18,962</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>10,723</b></td> <td> </td> <td> </td> <td> </td> <td align="right">10,379</td> <td> </td> <td> </td> <td> </td> <td align="right">10,032</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>1,226</b></td> <td> </td> <td> </td> <td> </td> <td align="right">1,199</td> <td> </td> <td> </td> <td> </td> <td align="right">1,874</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>776</b></td> <td> </td> <td> </td> <td> </td> <td align="right">741</td> <td> </td> <td> </td> <td> </td> <td align="right">666</td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:30px; text-indent:-15px">International </div></td> <td> </td> <td> </td> <td align="right"><b>7,422</b></td> <td> </td> <td> </td> <td> </td> <td align="right">9,697</td> <td> </td> <td> </td> <td> </td> <td align="right">9,852</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>2,995</b></td> <td> </td> <td> </td> <td> </td> <td align="right">3,948</td> <td> </td> <td> </td> <td> </td> <td align="right">4,154</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>443</b></td> <td> </td> <td> </td> <td> </td> <td align="right">361</td> <td> </td> <td> </td> <td> </td> <td align="right">456</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>332</b></td> <td> </td> <td> </td> <td> </td> <td align="right">451</td> <td> </td> <td> </td> <td> </td> <td align="right">454</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="11" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="11" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="10" align="left" style="border-top: 1px solid #0077c0"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Total Downstream</b> </div></td> <td> </td> <td> </td> <td align="right"><b>28,121</b></td> <td> </td> <td> </td> <td> </td> <td align="right">29,517</td> <td> </td> <td> </td> <td> </td> <td align="right">28,814</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>13,718</b></td> <td> </td> <td> </td> <td> </td> <td align="right">14,327</td> <td> </td> <td> </td> <td> </td> <td align="right">14,186</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>1,669</b></td> <td> </td> <td> </td> <td> </td> <td align="right">1,560</td> <td> </td> <td> </td> <td> </td> <td align="right">2,330</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>1,108</b></td> <td> </td> <td> </td> <td> </td> <td align="right">1,192</td> <td> </td> <td> </td> <td> </td> <td align="right">1,120</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="11" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="11" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="10" align="left" style="border-top: 1px solid #0077c0"> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px"><b>All Other</b><sup style="font-size: 85%; vertical-align: text-top"><b>5</b></sup> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">United States </div></td> <td> </td> <td> </td> <td align="right"><b>5,117</b></td> <td> </td> <td> </td> <td> </td> <td align="right">4,722</td> <td> </td> <td> </td> <td> </td> <td align="right">4,569</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>2,872</b></td> <td> </td> <td> </td> <td> </td> <td align="right">2,496</td> <td> </td> <td> </td> <td> </td> <td align="right">2,548</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>591</b></td> <td> </td> <td> </td> <td> </td> <td align="right">259</td> <td> </td> <td> </td> <td> </td> <td align="right">354</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>338</b></td> <td> </td> <td> </td> <td> </td> <td align="right">341</td> <td> </td> <td> </td> <td> </td> <td align="right">325</td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:30px; text-indent:-15px">International </div></td> <td> </td> <td> </td> <td align="right"><b>30</b></td> <td> </td> <td> </td> <td> </td> <td align="right">27</td> <td> </td> <td> </td> <td> </td> <td align="right">20</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>14</b></td> <td> </td> <td> </td> <td> </td> <td align="right">16</td> <td> </td> <td> </td> <td> </td> <td align="right">11</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>5</b></td> <td> </td> <td> </td> <td> </td> <td align="right">11</td> <td> </td> <td> </td> <td> </td> <td align="right">3</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>5</b></td> <td> </td> <td> </td> <td> </td> <td align="right">4</td> <td> </td> <td> </td> <td> </td> <td align="right">4</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="11" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="11" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="10" align="left" style="border-top: 1px solid #0077c0"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Total All Other</b> </div></td> <td> </td> <td> </td> <td align="right"><b>5,147</b></td> <td> </td> <td> </td> <td> </td> <td align="right">4,749</td> <td> </td> <td> </td> <td> </td> <td align="right">4,589</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>2,886</b></td> <td> </td> <td> </td> <td> </td> <td align="right">2,512</td> <td> </td> <td> </td> <td> </td> <td align="right">2,559</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>596</b></td> <td> </td> <td> </td> <td> </td> <td align="right">270</td> <td> </td> <td> </td> <td> </td> <td align="right">357</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>343</b></td> <td> </td> <td> </td> <td> </td> <td align="right">345</td> <td> </td> <td> </td> <td> </td> <td align="right">329</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="11" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="11" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="10" align="left" style="border-top: 1px solid #0077c0"> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px">Total United States </div></td> <td> </td> <td> </td> <td align="right"><b>100,185</b></td> <td> </td> <td> </td> <td> </td> <td align="right">87,065</td> <td> </td> <td> </td> <td> </td> <td align="right">81,859</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>47,056</b></td> <td> </td> <td> </td> <td> </td> <td align="right">36,152</td> <td> </td> <td> </td> <td> </td> <td align="right">34,853</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>16,221</b></td> <td> </td> <td> </td> <td> </td> <td align="right">6,392</td> <td> </td> <td> </td> <td> </td> <td align="right">5,746</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>4,984</b></td> <td> </td> <td> </td> <td> </td> <td align="right">5,160</td> <td> </td> <td> </td> <td> </td> <td align="right">4,983</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total International </div></td> <td> </td> <td> </td> <td align="right"><b>133,247</b></td> <td> </td> <td> </td> <td> </td> <td align="right">120,302</td> <td> </td> <td> </td> <td> </td> <td align="right">106,429</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>75,552</b></td> <td> </td> <td> </td> <td> </td> <td align="right">68,352</td> <td> </td> <td> </td> <td> </td> <td align="right">61,615</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>16,170</b></td> <td> </td> <td> </td> <td> </td> <td align="right">14,753</td> <td> </td> <td> </td> <td> </td> <td align="right">11,262</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>7,927</b></td> <td> </td> <td> </td> <td> </td> <td align="right">7,903</td> <td> </td> <td> </td> <td> </td> <td align="right">7,127</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="11" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="11" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="10" align="left" style="border-top: 1px solid #0077c0"> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:30px; text-indent:-15px"><b>Total</b> </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>233,432</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">207,367</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">188,288</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>122,608</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">104,504</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">96,468</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>32,391</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">21,145</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">17,008</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>12,911</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">13,063</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">12,110</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-bottom: 3px solid #0077c0"> </td> <td colspan="11" align="left" style="border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-bottom: 3px solid #0077c0"> </td> <td colspan="11" align="left" style="border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-bottom: 3px solid #0077c0"> </td> <td colspan="10" align="left" style="border-bottom: 3px solid #0077c0"> </td> </tr>  </table> </div> <div style="margin-top: 3pt"> <table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 7pt; text-align: left"> <tr> <td width="1%"></td> <td width="1%"></td> <td width="98%"></td> </tr> <tr valign="top"> <td nowrap="nowrap" align="left"><sup style="font-size: 85%; vertical-align: text-top">1</sup></td> <td colspan="2">Other than the United States, Nigeria and Australia, no other country accounted for 10 percent or more of the company’s net properties, plant and equipment (PP&E) in 2011. Nigeria had PP&E of $15,601, $13,896 and $12,463 for 2011, 2010 and 2009, respectively. Australia had $12,423 in 2011.</td> </tr> <tr style="font-size: 1pt"> <td> </td> </tr> <tr valign="top"> <td nowrap="nowrap" align="left"><sup style="font-size: 85%; vertical-align: text-top">2</sup></td> <td colspan="2">Net of dry hole expense related to prior years’ expenditures of $45, $82 and $84 in 2011, 2010 and 2009, respectively.</td> </tr> <tr style="font-size: 1pt"> <td> </td> </tr> <tr valign="top"> <td nowrap="nowrap" align="left"><sup style="font-size: 85%; vertical-align: text-top">3</sup></td> <td colspan="2">Includes properties acquired with the acquisition of Atlas Energy, Inc. in 2011.</td> </tr> <tr style="font-size: 1pt"> <td> </td> </tr> <tr valign="top"> <td nowrap="nowrap" align="left"><sup style="font-size: 85%; vertical-align: text-top">4</sup></td> <td colspan="2">Depreciation expense includes accretion expense of $628, $513 and $463 in 2011, 2010 and 2009, respectively.</td> </tr> <tr style="font-size: 1pt"> <td> </td> </tr> <tr valign="top"> <td nowrap="nowrap" align="left"><sup style="font-size: 85%; vertical-align: text-top">5</sup></td> <td colspan="2">Primarily mining operations, power generation businesses, real estate assets and management information systems.</td> </tr> </table> </div> </div> </div>

<div align="left" style="font-size: 10pt; font-family: 'Times New Roman',Times,serif"> <p> </p> <div style="font-family: 'Times New Roman',Times,serif"> <div> <div align="center"> <table style="font-size: 8pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="65%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="11" style="border-bottom: 1px solid #0077c0">Year ended December 31</td> <td> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2011</b></td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2010</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2009</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="1" align="left" style="border-top: 1px solid #0077c0; border-right: 1px solid #0077c0"> </td> <td colspan="7" align="left" style="border-top: 1px solid #0077c0"> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Stock Options</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Expected term in years<sup style="font-size: 85%; vertical-align: text-top">1</sup> </div></td> <td> </td> <td> </td> <td align="right"><b>6.2</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td></td> <td> </td> <td align="right">6.1</td> <td> </td> <td> </td> <td> </td> <td align="right">6.0</td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:30px; text-indent:-15px">Volatility<sup style="font-size: 85%; vertical-align: text-top">2</sup> </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>31.0</b></td> <td nowrap="nowrap"><b>%</b></td> <td style="border-right: 1px solid #0077c0"> </td> <td></td> <td nowrap="nowrap" align="left"> </td> <td align="right">30.8</td> <td nowrap="nowrap">%</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">30.2</td> <td nowrap="nowrap">%</td> </tr> <tr valign="bottom"> <td nowrap="nowrap"> <div style="margin-left:30px; text-indent:-15px">Risk-free interest rate based on<br /> zero coupon U.S. treasury note </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>2.6</b></td> <td nowrap="nowrap"><b>%</b></td> <td style="border-right: 1px solid #0077c0"> </td> <td></td> <td nowrap="nowrap" align="left"> </td> <td align="right">2.9</td> <td nowrap="nowrap">%</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">2.1</td> <td nowrap="nowrap">%</td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:30px; text-indent:-15px">Dividend yield </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>3.6</b></td> <td nowrap="nowrap"><b>%</b></td> <td style="border-right: 1px solid #0077c0"> </td> <td></td> <td nowrap="nowrap" align="left"> </td> <td align="right">3.9</td> <td nowrap="nowrap">%</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">3.2</td> <td nowrap="nowrap">%</td> </tr> <tr valign="bottom"> <td nowrap="nowrap"> <div style="margin-left:30px; text-indent:-15px">Weighted-average fair value per<br /> option granted </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>21.24</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td></td> <td align="left">$</td> <td align="right">16.28</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">15.36</td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Restored Options</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Expected term in years<sup style="font-size: 85%; vertical-align: text-top">1</sup> </div></td> <td> </td> <td> </td> <td align="right"><b>1.2</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td></td> <td> </td> <td align="right">1.2</td> <td> </td> <td> </td> <td> </td> <td align="right">1.2</td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:30px; text-indent:-15px">Volatility<sup style="font-size: 85%; vertical-align: text-top">2</sup> </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>20.6</b></td> <td nowrap="nowrap"><b>%</b></td> <td style="border-right: 1px solid #0077c0"> </td> <td></td> <td nowrap="nowrap" align="left"> </td> <td align="right">38.9</td> <td nowrap="nowrap">%</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">45.0</td> <td nowrap="nowrap">%</td> </tr> <tr valign="bottom"> <td nowrap="nowrap"> <div style="margin-left:30px; text-indent:-15px">Risk-free interest rate based on<br /> zero coupon U.S. treasury note </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>0.7</b></td> <td nowrap="nowrap"><b>%</b></td> <td style="border-right: 1px solid #0077c0"> </td> <td></td> <td nowrap="nowrap" align="left"> </td> <td align="right">0.6</td> <td nowrap="nowrap">%</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">1.1</td> <td nowrap="nowrap">%</td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:30px; text-indent:-15px">Dividend yield </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>3.4</b></td> <td nowrap="nowrap"><b>%</b></td> <td style="border-right: 1px solid #0077c0"> </td> <td></td> <td nowrap="nowrap" align="left"> </td> <td align="right">3.8</td> <td nowrap="nowrap">%</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">3.5</td> <td nowrap="nowrap">%</td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Weighted-average fair value per option granted </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>7.55</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td></td> <td align="left">$</td> <td align="right">12.91</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">12.38</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 3px solid #0077c0"> </td> </tr>  </table> </div> <div style="margin-top: 3pt"> <table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 7pt; text-align: left"> <tr> <td width="3%"></td> <td width="1%"></td> <td width="96%"></td> </tr> <tr valign="top"> <td nowrap="nowrap" align="left"><sup style="font-size: 85%; vertical-align: text-top">1</sup></td> <td> </td> <td>Expected term is based on historical exercise and postvesting cancellation data.</td> </tr> <tr style="font-size: 1pt"> <td> </td> </tr> <tr valign="top"> <td nowrap="nowrap" align="left"><sup style="font-size: 85%; vertical-align: text-top">2</sup></td> <td> </td> <td>Volatility rate is based on historical stock prices over an appropriate period, generally equal to the expected term.</td> </tr> </table> </div> </div> </div> </div>

<div align="left" style="font-size: 10pt; font-family: Helvetica,arial,sans-serif"> <p> </p> <div style="font-family: 'Times New Roman',Times,serif"> <div align="center"> <table style="font-size: 8pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="30%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="15" style="border-bottom: 1px solid #0077c0">Pension Benefits</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="7"> </td> <td> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #0077c0"><b>2011</b></td> <td style="border-bottom: 1px solid #0077c0"> </td> <td style="border-bottom: 1px solid #0077c0"> </td> <td style="border-bottom: 1px solid #0077c0"> </td> <td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #0077c0">2010</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="7" style="border-bottom: 1px solid #0077c0">Other Benefits</td> <td> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 0px solid #0077c0">U.S.</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 0px solid #0077c0">Int’l.</td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 0px solid #0077c0">U.S.</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 0px solid #0077c0">Int’l.</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 0px solid #0077c0"><b>2011</b></td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 0px solid #0077c0">2010</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td colspan="3" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="2" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px">Net actuarial loss </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>5,982</b></td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>2,250</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left">$</td> <td align="right">3,919</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,903</td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>1,002</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left">$</td> <td align="right">935</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Prior service (credit) costs </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(44</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td> </td> <td align="right"><b>152</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(52</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">179</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(63</b></td> <td nowrap="nowrap"><b>)</b></td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(135</td> <td nowrap="nowrap">)</td> </tr> <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td colspan="3" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="2" nowrap="nowrap" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Total recognized at December 31</b> </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>5,938</b></td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>2,402</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left">$</td> <td align="right">3,867</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">2,082</td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>939</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left">$</td> <td align="right">800</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 3px solid #0077c0"> </td> <td align="left" style="border-right: 0px solid #000000; border-top: 3px solid #0077c0"> </td> <td align="left" style="border-top: 3px solid #0077c0"> </td> <td colspan="11" align="left" style="border-top: 3px solid #0077c0"> </td> <td align="left" style="border-right: 0px solid #000000; border-top: 3px solid #0077c0"> </td> <td align="left" style="border-top: 3px solid #0077c0"> </td> <td colspan="2" align="left" style="border-top: 3px solid #0077c0"> </td> <td> </td> </tr>  </table> </div> </div> </div>

<div align="left" style="font-size: 10pt; font-family: Helvetica,arial,sans-serif"> <p> </p> <div style="font-family: 'Times New Roman',Times,serif"> <div> <div align="center"> <table style="font-size: 8pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="53%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="15" style="border-bottom: 1px solid #0077c0">Pension Benefits</td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #0077c0"><b>2011</b></td> <td style="border-bottom: 1px solid #0077c0"> </td> <td style="border-bottom: 1px solid #0077c0"> </td> <td style="border-bottom: 1px solid #0077c0"> </td> <td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #0077c0">2010</td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">U.S.</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">Int’l.</td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">U.S.</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">Int’l.</td> </tr>   <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 1px solid #0077c0"> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px">Projected benefit obligations </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>12,157</b></td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>4,207</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left">$</td> <td align="right">10,265</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">3,668</td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Accumulated benefit obligations </div></td> <td> </td> <td> </td> <td align="right"><b>11,191</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>3,586</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">9,528</td> <td> </td> <td> </td> <td> </td> <td align="right">3,113</td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Fair value of plan assets </div></td> <td> </td> <td> </td> <td align="right"><b>8,707</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>2,357</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">8,566</td> <td> </td> <td> </td> <td> </td> <td align="right">2,190</td> </tr> <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 3px solid #0077c0"> </td> <td align="left" style="border-right: 0px solid #000000; border-top: 3px solid #0077c0"> </td> <td align="left" style="border-top: 3px solid #0077c0"> </td> <td colspan="6" align="left" style="border-top: 3px solid #0077c0"> </td> </tr>  </table> </div> </div> </div> </div>

<div align="left" style="font-size: 10pt; font-family: Helvetica,arial,sans-serif"> <p> </p> <div style="font-family: 'Times New Roman',Times,serif"> <div align="center"> <table style="font-size: 8pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="21%"> </td> <td width="3%"> </td> <td width="2%"> </td> <td width="4%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="1%"> </td> <td width="1%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="14" style="border-bottom: 1px solid #0077c0">U.S.</td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="14" style="border-bottom: 1px solid #0077c0">Int’l.</td> <td> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">Total Fair Value</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">Level 1</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">Level 2</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">Level 3</td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">Total Fair Value</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">Level 1</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">Level 2</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">Level 3</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="14" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px"><b>At December 31, 2011</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Equities</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:30px; text-indent:-15px">U.S.<sup style="font-size: 85%; vertical-align: text-top">1</sup> </div></td> <td> </td> <td align="right"><b>$</b></td> <td align="right"><b>1,470</b></td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>1,470</b></td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>–</b></td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>–</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>497</b></td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>497</b></td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>–</b></td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>–</b></td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">International </div></td> <td> </td> <td> </td> <td align="right"><b>1,203</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>1,203</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>693</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>693</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:30px; text-indent:-15px">Collective Trusts/Mutual Funds<sup style="font-size: 85%; vertical-align: text-top">2</sup> </div></td> <td> </td> <td> </td> <td align="right"><b>2,633</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>14</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>2,619</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>596</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>28</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>568</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Fixed Income</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:30px; text-indent:-15px">Government </div></td> <td> </td> <td> </td> <td align="right"><b>622</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>146</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>476</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>635</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>25</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>610</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Corporate </div></td> <td> </td> <td> </td> <td align="right"><b>338</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>338</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>319</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>16</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>276</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>27</b></td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:30px; text-indent:-15px">Mortgage-Backed Securities </div></td> <td> </td> <td> </td> <td align="right"><b>107</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>107</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>2</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>2</b></td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Other Asset Backed </div></td> <td> </td> <td> </td> <td align="right"><b>61</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>61</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>5</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>5</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:30px; text-indent:-15px">Collective Trusts/Mutual Funds<sup style="font-size: 85%; vertical-align: text-top">2</sup> </div></td> <td> </td> <td> </td> <td align="right"><b>1,046</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>1,046</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>345</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>61</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>284</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Mixed Funds</b><sup style="font-size: 85%; vertical-align: text-top"><b>3</b></sup> </div></td> <td> </td> <td> </td> <td align="right"><b>10</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>10</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>102</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>13</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>89</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Real Estate</b><sup style="font-size: 85%; vertical-align: text-top"><b>4</b></sup> </div></td> <td> </td> <td> </td> <td align="right"><b>843</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>843</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>155</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>155</b></td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Cash and Cash Equivalents</b> </div></td> <td> </td> <td> </td> <td align="right"><b>404</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>404</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>211</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>211</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Other</b><sup style="font-size: 85%; vertical-align: text-top"><b>5</b></sup> </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(17</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(79</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td> </td> <td align="right"><b>8</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>54</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>17</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(2</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td> </td> <td align="right"><b>17</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>2</b></td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="14" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Total at December 31, 2011</b> </div></td> <td> </td> <td align="right"><b>$</b></td> <td align="right"><b>8,720</b></td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>3,168</b></td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>4,655</b></td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>897</b></td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>3,577</b></td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>1,542</b></td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>1,849</b></td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>186</b></td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 3px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 3px solid #0077c0"> </td> <td align="left" style="border-top: 3px solid #0077c0"> </td> <td colspan="14" align="left" style="border-top: 3px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px"><b>At December 31, 2010</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Equities</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:30px; text-indent:-15px">U.S.<sup style="font-size: 85%; vertical-align: text-top">1</sup> </div></td> <td> </td> <td align="right">$</td> <td align="right">2,121</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">2,121</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right"><b>–</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">–</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left">$</td> <td align="right">465</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">465</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right"><b>–</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">–</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">International </div></td> <td> </td> <td> </td> <td align="right">1,405</td> <td> </td> <td> </td> <td> </td> <td align="right">1,405</td> <td> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">721</td> <td> </td> <td> </td> <td> </td> <td align="right">721</td> <td> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:30px; text-indent:-15px">Collective Trusts/Mutual Funds<sup style="font-size: 85%; vertical-align: text-top">2</sup> </div></td> <td> </td> <td> </td> <td align="right">2,068</td> <td> </td> <td> </td> <td> </td> <td align="right">5</td> <td> </td> <td> </td> <td> </td> <td align="right">2,063</td> <td> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">578</td> <td> </td> <td> </td> <td> </td> <td align="right">80</td> <td> </td> <td> </td> <td> </td> <td align="right">498</td> <td> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Fixed Income</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:30px; text-indent:-15px">Government </div></td> <td> </td> <td> </td> <td align="right">659</td> <td> </td> <td> </td> <td> </td> <td align="right">19</td> <td> </td> <td> </td> <td> </td> <td align="right">640</td> <td> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">568</td> <td> </td> <td> </td> <td> </td> <td align="right">38</td> <td> </td> <td> </td> <td> </td> <td align="right">530</td> <td> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Corporate </div></td> <td> </td> <td> </td> <td align="right">314</td> <td> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> <td> </td> <td> </td> <td align="right">314</td> <td> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">351</td> <td> </td> <td> </td> <td> </td> <td align="right">24</td> <td> </td> <td> </td> <td> </td> <td align="right">299</td> <td> </td> <td> </td> <td> </td> <td align="right">28</td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:30px; text-indent:-15px">Mortgage-Backed Securities </div></td> <td> </td> <td> </td> <td align="right">82</td> <td> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> <td> </td> <td> </td> <td align="right">82</td> <td> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">2</td> <td> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> <td> </td> <td> </td> <td align="right">2</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Other Asset Backed </div></td> <td> </td> <td> </td> <td align="right">74</td> <td> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> <td> </td> <td> </td> <td align="right">74</td> <td> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">16</td> <td> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> <td> </td> <td> </td> <td align="right">16</td> <td> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:30px; text-indent:-15px">Collective Trusts/Mutual Funds<sup style="font-size: 85%; vertical-align: text-top">2</sup> </div></td> <td> </td> <td> </td> <td align="right">1,064</td> <td> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> <td> </td> <td> </td> <td align="right">1,064</td> <td> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">332</td> <td> </td> <td> </td> <td> </td> <td align="right">19</td> <td> </td> <td> </td> <td> </td> <td align="right">313</td> <td> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Mixed Funds</b><sup style="font-size: 85%; vertical-align: text-top"><b>3</b></sup> </div></td> <td> </td> <td> </td> <td align="right">9</td> <td> </td> <td> </td> <td> </td> <td align="right">9</td> <td> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">105</td> <td> </td> <td> </td> <td> </td> <td align="right">16</td> <td> </td> <td> </td> <td> </td> <td align="right">89</td> <td> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Real Estate</b><sup style="font-size: 85%; vertical-align: text-top"><b>4</b></sup> </div></td> <td> </td> <td> </td> <td align="right">596</td> <td> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> <td> </td> <td> </td> <td align="right">596</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">142</td> <td> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> <td> </td> <td> </td> <td align="right">142</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Cash and Cash Equivalents</b> </div></td> <td> </td> <td> </td> <td align="right">213</td> <td> </td> <td> </td> <td> </td> <td align="right">213</td> <td> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">217</td> <td> </td> <td> </td> <td> </td> <td align="right">217</td> <td> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Other</b><sup style="font-size: 85%; vertical-align: text-top"><b>5</b></sup> </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(26</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(87</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">8</td> <td> </td> <td> </td> <td> </td> <td align="right">53</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">6</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(5</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">9</td> <td> </td> <td> </td> <td> </td> <td align="right">2</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="14" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Total at December 31, 2010</b> </div></td> <td> </td> <td align="right">$</td> <td align="right">8,579</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">3,685</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">4,245</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">649</td> <td> </td> <td style="border-right: 1px solid #0077c0"> </td> <td> </td> <td align="left">$</td> <td align="right">3,503</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,575</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,754</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">174</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-bottom: 3px solid #0077c0"> </td> <td colspan="14" align="left" style="border-bottom: 3px solid #0077c0"> </td> <td> </td> </tr>  </table> </div> <div style="margin-top: 3pt"> <table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 7pt; text-align: left"> <tr> <td width="1%"></td> <td width="99"></td> </tr> <tr valign="top"> <td nowrap="nowrap" align="left"><sup style="font-size: 85%; vertical-align: text-top">1</sup></td> <td>U.S. equities include investments in the company’s common stock in the amount of $35 at December 31, 2011, and $38 at December 31, 2010.</td> </tr> <tr style="font-size: 1pt"> <td> </td> </tr> <tr valign="top"> <td nowrap="nowrap" align="left"><sup style="font-size: 85%; vertical-align: text-top">2</sup></td> <td>Collective Trusts/Mutual Funds for U.S. plans are entirely index funds; for International plans, they are mostly index funds. For these index funds, the Level 2 designation is partially based on the restriction that advance notification of redemptions, typically two business days, is required.</td> </tr> <tr style="font-size: 1pt"> <td> </td> </tr> <tr valign="top"> <td nowrap="nowrap" align="left"><sup style="font-size: 85%; vertical-align: text-top">3</sup></td> <td>Mixed funds are composed of funds that invest in both equity and fixed-income instruments in order to diversify and lower risk.</td> </tr> <tr style="font-size: 1pt"> <td> </td> </tr> <tr valign="top"> <td nowrap="nowrap" align="left"><sup style="font-size: 85%; vertical-align: text-top">4</sup></td> <td>The year-end valuations of the U.S. real estate assets are based on internal appraisals by the real estate managers, which are updates of third-party appraisals that occur at least once a year for each property in the portfolio.</td> </tr> <tr style="font-size: 1pt"> <td> </td> </tr> <tr valign="top"> <td nowrap="nowrap" align="left"><sup style="font-size: 85%; vertical-align: text-top">5</sup></td> <td>The “Other” asset class includes net payables for securities purchased but not yet settled (Level 1); dividends and interest- and tax-related receivables (Level 2); insurance contracts and investments in private-equity limited partnerships (Level 3).</td> </tr> </table> </div> </div> </div>

<div align="left" style="font-size: 10pt; font-family: Helvetica,arial,sans-serif"> <p> </p> <div style="font-family: 'Times New Roman',Times,serif"> <div align="center"> <table style="font-size: 8pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="44%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="7" style="border-bottom: 1px solid #0077c0">Fixed Income</td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">Mortgage-Backed</td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">Corporate</td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">Securities</td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">Real Estate</td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">Other</td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">Total</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 0px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="3" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 0px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="3" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 0px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="3" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 0px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="2" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Total at December 31, 2009</b> </div></td> <td> </td> <td align="left"> </td> <td align="right">$       18</td> <td> </td> <td style="border-right: 0px solid #0077c0"> </td> <td> </td> <td align="left"> </td> <td align="right">$          2</td> <td> </td> <td style="border-right: 0px solid #0077c0"> </td> <td> </td> <td align="left"> </td> <td align="right">$       610</td> <td> </td> <td style="border-right: 0px solid #0077c0"> </td> <td> </td> <td align="left"> </td> <td align="right">$   52</td> <td> </td> <td style="border-right: 0px solid #0077c0"> </td> <td> </td> <td align="left"> </td> <td align="right">$   682</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Actual Return on Plan Assets: </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-right: 0px solid #0077c0"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-right: 0px solid #0077c0"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-right: 0px solid #0077c0"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-right: 0px solid #0077c0"> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:30px; text-indent:-15px">Assets held at the reporting date </div></td> <td> </td> <td> </td> <td align="right">3</td> <td> </td> <td style="border-right: 0px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> <td style="border-right: 0px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">34</td> <td> </td> <td style="border-right: 0px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">1</td> <td> </td> <td style="border-right: 0px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">38</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Assets sold during the period </div></td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> <td style="border-right: 0px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> <td style="border-right: 0px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">1</td> <td> </td> <td style="border-right: 0px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> <td style="border-right: 0px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">1</td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px">Purchases, Sales and Settlements </div></td> <td> </td> <td> </td> <td align="right">7</td> <td> </td> <td style="border-right: 0px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> <td style="border-right: 0px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">93</td> <td> </td> <td style="border-right: 0px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">2</td> <td> </td> <td style="border-right: 0px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">102</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Transfers in and/or out of Level 3 </div></td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> <td style="border-right: 0px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> <td style="border-right: 0px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> <td style="border-right: 0px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> <td style="border-right: 0px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right">–</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 0px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="3" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 0px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="3" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 0px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="3" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 0px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="2" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Total at December 31, 2010</b> </div></td> <td> </td> <td align="left"> </td> <td align="right">$       28</td> <td> </td> <td style="border-right: 0px solid #0077c0"> </td> <td> </td> <td align="left"> </td> <td align="right">$          2</td> <td> </td> <td style="border-right: 0px solid #0077c0"> </td> <td> </td> <td align="left"> </td> <td align="right">$       738</td> <td> </td> <td style="border-right: 0px solid #0077c0"> </td> <td> </td> <td align="left"> </td> <td align="right">$   55</td> <td> </td> <td style="border-right: 0px solid #0077c0"> </td> <td> </td> <td align="left"> </td> <td align="right">$   823</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 0px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="3" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 0px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="3" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 0px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="3" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 0px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="2" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Actual Return on Plan Assets: </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-right: 0px solid #0077c0"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-right: 0px solid #0077c0"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-right: 0px solid #0077c0"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-right: 0px solid #0077c0"> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:30px; text-indent:-15px">Assets held at the reporting date </div></td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td style="border-right: 0px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td style="border-right: 0px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>103</b></td> <td> </td> <td style="border-right: 0px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>4</b></td> <td> </td> <td style="border-right: 0px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>107</b></td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Assets sold during the period </div></td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td style="border-right: 0px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td style="border-right: 0px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>1</b></td> <td> </td> <td style="border-right: 0px solid #0077c0"> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(2</b></td> <td nowrap="nowrap"><b>)</b></td> <td style="border-right: 0px solid #0077c0"> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(1</b></td> <td nowrap="nowrap"><b>)</b></td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px">Purchases, Sales and Settlements </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(1</b></td> <td nowrap="nowrap"><b>)</b></td> <td style="border-right: 0px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td style="border-right: 0px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>156</b></td> <td> </td> <td style="border-right: 0px solid #0077c0"> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(1</b></td> <td nowrap="nowrap"><b>)</b></td> <td style="border-right: 0px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>154</b></td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Transfers in and/or out of Level 3 </div></td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td style="border-right: 0px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td style="border-right: 0px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td style="border-right: 0px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> <td style="border-right: 0px solid #0077c0"> </td> <td> </td> <td> </td> <td align="right"><b>–</b></td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 0px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="3" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 0px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="3" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 0px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="3" align="left" style="border-top: 1px solid #0077c0"> </td> <td align="left" style="border-right: 0px solid #0077c0; border-top: 1px solid #0077c0"> </td> <td align="left" style="border-top: 1px solid #0077c0"> </td> <td colspan="2" align="left" style="border-top: 1px solid #0077c0"> </td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Total at December 31, 2011</b> </div></td> <td> </td> <td align="left"><b> </b></td> <td align="right">$       <b>27</b></td> <td> </td> <td style="border-right: 0px solid #0077c0"> </td> <td> </td> <td align="left"><b> </b></td> <td align="right">$          <b>2</b></td> <td> </td> <td style="border-right: 0px solid #0077c0"> </td> <td> </td> <td align="left"><b> </b></td> <td align="right">$       <b>998</b></td> <td> </td> <td style="border-right: 0px solid #0077c0"> </td> <td> </td> <td align="left"><b> </b></td> <td align="right">$   <b>56</b></td> <td> </td> <td style="border-right: 0px solid #0077c0"> </td> <td> </td> <td align="left"><b> </b></td> <td align="right">$<b>1,083</b></td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-bottom: 3px solid #0077c0"> </td> <td colspan="3" align="left" style="border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-bottom: 3px solid #0077c0"> </td> <td colspan="3" align="left" style="border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-bottom: 3px solid #0077c0"> </td> <td colspan="3" align="left" style="border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-right: 1px solid #0077c0; border-bottom: 3px solid #0077c0"> </td> <td align="left" style="border-bottom: 3px solid #0077c0"> </td> <td colspan="2" align="left" style="border-bottom: 3px solid #0077c0"> </td> <td> </td> </tr>  </table> </div> </div> </div>

<div style="display:none"> </div> <div align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent"> <b><font style="font-family: 'Times New Roman', Times">SCHEDULE II — VALUATION AND QUALIFYING ACCOUNTS<br /> Millions of Dollars</font></b> </div> <div style="margin-top: 6pt; font-size: 1pt">  </div> <table border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent; text-align: left">  <tr style="font-size: 1pt" valign="bottom"> <td width="74%"> </td> <td width="2%"> </td> <td width="1%" align="right"> </td> <td width="5%" align="right"> </td> <td width="1%" align="left"> </td> <td width="3%"> </td> <td width="1%" align="right"> </td> <td width="3%" align="right"> </td> <td width="1%" align="left"> </td> <td width="3%"> </td> <td width="1%" align="right"> </td> <td width="4%" align="right"> </td> <td width="1%" align="left"> </td> </tr>   <tr style="font-size: 8pt" valign="bottom" align="center"> <td nowrap="nowrap" align="center" valign="bottom">   </td> <td>   </td> <td colspan="10" align="center" valign="bottom" style="border-bottom: 1px solid #000000"> <b>Year Ended December 31</b> </td> <td>   </td> </tr> <tr style="font-size: 8pt" valign="bottom" align="center"> <td nowrap="nowrap" align="center" valign="bottom">   </td> <td>   </td> <td colspan="2" nowrap="nowrap" align="center" valign="bottom" style="border-bottom: 1px solid #000000"> <b>2011</b> </td> <td>   </td> <td>   </td> <td colspan="2" nowrap="nowrap" align="center" valign="bottom" style="border-bottom: 1px solid #000000"> <b>2010</b> </td> <td>   </td> <td>   </td> <td colspan="2" nowrap="nowrap" align="center" valign="bottom" style="border-bottom: 1px solid #000000"> <b>2009</b> </td> <td>   </td> </tr> <tr style="line-height: 3pt; font-size: 1pt"> <td>  </td> </tr>  <tr valign="bottom" style="background: #cceeff"> <td align="left" valign="top"> <div style="text-indent: -10pt; margin-left: 10pt"> <b>Employee Termination Benefits:</b> </div> </td> <td>   </td> <td nowrap="nowrap" align="left" valign="bottom">   </td> <td nowrap="nowrap" align="right" valign="bottom">   </td> <td nowrap="nowrap" align="left" valign="bottom">   </td> <td>   </td> <td nowrap="nowrap" align="left" valign="bottom">   </td> <td nowrap="nowrap" align="right" valign="bottom">   </td> <td nowrap="nowrap" align="left" valign="bottom">   </td> <td>   </td> <td nowrap="nowrap" align="left" valign="bottom">   </td> <td nowrap="nowrap" align="right" valign="bottom">   </td> <td nowrap="nowrap" align="left" valign="bottom">   </td> </tr> <tr valign="bottom"> <td align="left" valign="top"> <div style="text-indent: -10pt; margin-left: 10pt"> Balance at January 1 </div> </td> <td>   </td> <td nowrap="nowrap" align="left" valign="bottom"> <b>$</b> </td> <td nowrap="nowrap" align="right" valign="bottom"> <b>145</b> </td> <td nowrap="nowrap" align="left" valign="bottom">   </td> <td>   </td> <td nowrap="nowrap" align="left" valign="bottom"> $ </td> <td nowrap="nowrap" align="right" valign="bottom"> 13 </td> <td nowrap="nowrap" align="left" valign="bottom">   </td> <td>   </td> <td nowrap="nowrap" align="left" valign="bottom"> $ </td> <td nowrap="nowrap" align="right" valign="bottom"> 44 </td> <td nowrap="nowrap" align="left" valign="bottom">   </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td align="left" valign="top"> <div style="text-indent: -10pt; margin-left: 10pt"> Additions (deductions) charged (credited) to expense </div> </td> <td>   </td> <td nowrap="nowrap" align="left" valign="bottom">   </td> <td nowrap="nowrap" align="right" valign="bottom"> <b>—</b> </td> <td nowrap="nowrap" align="left" valign="bottom">   </td> <td>   </td> <td nowrap="nowrap" align="left" valign="bottom">   </td> <td nowrap="nowrap" align="right" valign="bottom"> 235 </td> <td nowrap="nowrap" align="left" valign="bottom">   </td> <td>   </td> <td nowrap="nowrap" align="left" valign="bottom">   </td> <td nowrap="nowrap" align="right" valign="bottom"> (12 </td> <td nowrap="nowrap" align="left" valign="bottom"> ) </td> </tr> <tr valign="bottom"> <td nowrap="nowrap" align="left" valign="top"> <div style="text-indent: -10pt; margin-left: 10pt"> Payments </div> </td> <td>   </td> <td nowrap="nowrap" align="left" valign="bottom">   </td> <td nowrap="nowrap" align="right" valign="bottom"> <b>(82</b> </td> <td nowrap="nowrap" align="left" valign="bottom"> <b>)</b> </td> <td>   </td> <td nowrap="nowrap" align="left" valign="bottom">   </td> <td nowrap="nowrap" align="right" valign="bottom"> (103 </td> <td nowrap="nowrap" align="left" valign="bottom"> ) </td> <td>   </td> <td nowrap="nowrap" align="left" valign="bottom">   </td> <td nowrap="nowrap" align="right" valign="bottom"> (19 </td> <td nowrap="nowrap" align="left" valign="bottom"> ) </td> </tr> <tr valign="bottom" style="font-size: 1pt"> <td>   </td> <td>   </td> <td style="border-top: 1px solid #000000">   </td> <td style="border-top: 1px solid #000000">   </td> <td>   </td> <td>   </td> <td style="border-top: 1px solid #000000">   </td> <td style="border-top: 1px solid #000000">   </td> <td>   </td> <td>   </td> <td style="border-top: 1px solid #000000">   </td> <td style="border-top: 1px solid #000000">   </td> <td>   </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td align="left" valign="top"> <div style="text-indent: -10pt; margin-left: 10pt"> <b>Balance at December 31</b> </div> </td> <td>   </td> <td nowrap="nowrap" align="left" valign="bottom"> <b>$</b> </td> <td nowrap="nowrap" align="right" valign="bottom"> <b>63</b> </td> <td nowrap="nowrap" align="left" valign="bottom">   </td> <td>   </td> <td nowrap="nowrap" align="left" valign="bottom"> $ </td> <td nowrap="nowrap" align="right" valign="bottom"> 145 </td> <td nowrap="nowrap" align="left" valign="bottom">   </td> <td>   </td> <td nowrap="nowrap" align="left" valign="bottom"> $ </td> <td nowrap="nowrap" align="right" valign="bottom"> 13 </td> <td nowrap="nowrap" align="left" valign="bottom">   </td> </tr> <tr valign="bottom" style="font-size: 1pt"> <td>   </td> <td>   </td> <td style="border-top: 3px double #000000">   </td> <td style="border-top: 3px double #000000">   </td> <td>   </td> <td>   </td> <td style="border-top: 3px double #000000">   </td> <td style="border-top: 3px double #000000">   </td> <td>   </td> <td>   </td> <td style="border-top: 3px double #000000">   </td> <td style="border-top: 3px double #000000">   </td> <td>   </td> </tr> <tr valign="bottom"> <td align="left" valign="top"> <div style="text-indent: -10pt; margin-left: 10pt"> <b>Allowance for Doubtful Accounts:</b> </div> </td> <td>   </td> <td nowrap="nowrap" align="left" valign="bottom">   </td> <td nowrap="nowrap" align="right" valign="bottom">   </td> <td nowrap="nowrap" align="left" valign="bottom">   </td> <td>   </td> <td nowrap="nowrap" align="left" valign="bottom">   </td> <td nowrap="nowrap" align="right" valign="bottom">   </td> <td nowrap="nowrap" align="left" valign="bottom">   </td> <td>   </td> <td nowrap="nowrap" align="left" valign="bottom">   </td> <td nowrap="nowrap" align="right" valign="bottom">   </td> <td nowrap="nowrap" align="left" valign="bottom">   </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td align="left" valign="top"> <div style="text-indent: -10pt; margin-left: 10pt"> Balance at January 1 </div> </td> <td>   </td> <td nowrap="nowrap" align="left" valign="bottom"> <b>$</b> </td> <td nowrap="nowrap" align="right" valign="bottom"> <b>239</b> </td> <td nowrap="nowrap" align="left" valign="bottom">   </td> <td>   </td> <td nowrap="nowrap" align="left" valign="bottom"> $ </td> <td nowrap="nowrap" align="right" valign="bottom"> 293 </td> <td nowrap="nowrap" align="left" valign="bottom">   </td> <td>   </td> <td nowrap="nowrap" align="left" valign="bottom"> $ </td> <td nowrap="nowrap" align="right" valign="bottom"> 275 </td> <td nowrap="nowrap" align="left" valign="bottom">   </td> </tr> <tr valign="bottom"> <td align="left" valign="top"> <div style="text-indent: -10pt; margin-left: 10pt"> Additions (reductions) to expense </div> </td> <td>   </td> <td nowrap="nowrap" align="left" valign="bottom">   </td> <td nowrap="nowrap" align="right" valign="bottom"> <b>4</b> </td> <td nowrap="nowrap" align="left" valign="bottom">   </td> <td>   </td> <td nowrap="nowrap" align="left" valign="bottom">   </td> <td nowrap="nowrap" align="right" valign="bottom"> (13 </td> <td nowrap="nowrap" align="left" valign="bottom"> ) </td> <td>   </td> <td nowrap="nowrap" align="left" valign="bottom">   </td> <td nowrap="nowrap" align="right" valign="bottom"> 92 </td> <td nowrap="nowrap" align="left" valign="bottom">   </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td align="left" valign="top"> <div style="text-indent: -10pt; margin-left: 10pt"> Bad debt write-offs </div> </td> <td>   </td> <td nowrap="nowrap" align="left" valign="bottom">   </td> <td nowrap="nowrap" align="right" valign="bottom"> <b>(76</b> </td> <td nowrap="nowrap" align="left" valign="bottom"> <b>)</b> </td> <td>   </td> <td nowrap="nowrap" align="left" valign="bottom">   </td> <td nowrap="nowrap" align="right" valign="bottom"> (41 </td> <td nowrap="nowrap" align="left" valign="bottom"> ) </td> <td>   </td> <td nowrap="nowrap" align="left" valign="bottom">   </td> <td nowrap="nowrap" align="right" valign="bottom"> (74 </td> <td nowrap="nowrap" align="left" valign="bottom"> ) </td> </tr> <tr valign="bottom" style="font-size: 1pt"> <td>   </td> <td>   </td> <td style="border-top: 1px solid #000000">   </td> <td style="border-top: 1px solid #000000">   </td> <td>   </td> <td>   </td> <td style="border-top: 1px solid #000000">   </td> <td style="border-top: 1px solid #000000">   </td> <td>   </td> <td>   </td> <td style="border-top: 1px solid #000000">   </td> <td style="border-top: 1px solid #000000">   </td> <td>   </td> </tr> <tr valign="bottom"> <td align="left" valign="top"> <div style="text-indent: -10pt; margin-left: 10pt"> <b>Balance at December 31</b> </div> </td> <td>   </td> <td nowrap="nowrap" align="left" valign="bottom"> <b>$</b> </td> <td nowrap="nowrap" align="right" valign="bottom"> <b>167</b> </td> <td nowrap="nowrap" align="left" valign="bottom">   </td> <td>   </td> <td nowrap="nowrap" align="left" valign="bottom"> $ </td> <td nowrap="nowrap" align="right" valign="bottom"> 239 </td> <td nowrap="nowrap" align="left" valign="bottom">   </td> <td>   </td> <td nowrap="nowrap" align="left" valign="bottom"> $ </td> <td nowrap="nowrap" align="right" valign="bottom"> 293 </td> <td nowrap="nowrap" align="left" valign="bottom">   </td> </tr> <tr valign="bottom" style="font-size: 1pt"> <td>   </td> <td>   </td> <td style="border-top: 3px double #000000">   </td> <td style="border-top: 3px double #000000">   </td> <td>   </td> <td>   </td> <td style="border-top: 3px double #000000">   </td> <td style="border-top: 3px double #000000">   </td> <td>   </td> <td>   </td> <td style="border-top: 3px double #000000">   </td> <td style="border-top: 3px double #000000">   </td> <td>   </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td align="left" valign="top"> <div style="text-indent: -10pt; margin-left: 10pt"> <b>Deferred Income Tax Valuation Allowance:*</b> </div> </td> <td>   </td> <td nowrap="nowrap" align="left" valign="bottom">   </td> <td nowrap="nowrap" align="right" valign="bottom">   </td> <td nowrap="nowrap" align="left" valign="bottom">   </td> <td>   </td> <td nowrap="nowrap" align="left" valign="bottom">   </td> <td nowrap="nowrap" align="right" valign="bottom">   </td> <td nowrap="nowrap" align="left" valign="bottom">   </td> <td>   </td> <td nowrap="nowrap" align="left" valign="bottom">   </td> <td nowrap="nowrap" align="right" valign="bottom">   </td> <td nowrap="nowrap" align="left" valign="bottom">   </td> </tr> <tr valign="bottom"> <td align="left" valign="top"> <div style="text-indent: -10pt; margin-left: 10pt"> Balance at January 1 </div> </td> <td>   </td> <td nowrap="nowrap" align="left" valign="bottom"> <b>$</b> </td> <td nowrap="nowrap" align="right" valign="bottom"> <b>9,185</b> </td> <td nowrap="nowrap" align="left" valign="bottom">   </td> <td>   </td> <td nowrap="nowrap" align="left" valign="bottom"> $ </td> <td nowrap="nowrap" align="right" valign="bottom"> 7,921 </td> <td nowrap="nowrap" align="left" valign="bottom">   </td> <td>   </td> <td nowrap="nowrap" align="left" valign="bottom"> $ </td> <td nowrap="nowrap" align="right" valign="bottom"> 7,535 </td> <td nowrap="nowrap" align="left" valign="bottom">   </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td align="left" valign="top"> <div style="text-indent: -10pt; margin-left: 10pt"> Additions to deferred income tax expense </div> </td> <td>   </td> <td nowrap="nowrap" align="left" valign="bottom">   </td> <td nowrap="nowrap" align="right" valign="bottom"> <b>2,216</b> </td> <td nowrap="nowrap" align="left" valign="bottom">   </td> <td>   </td> <td nowrap="nowrap" align="left" valign="bottom">   </td> <td nowrap="nowrap" align="right" valign="bottom"> 1,454 </td> <td nowrap="nowrap" align="left" valign="bottom">   </td> <td>   </td> <td nowrap="nowrap" align="left" valign="bottom">   </td> <td nowrap="nowrap" align="right" valign="bottom"> 2,204 </td> <td nowrap="nowrap" align="left" valign="bottom">   </td> </tr> <tr valign="bottom"> <td align="left" valign="top"> <div style="text-indent: -10pt; margin-left: 10pt"> Reduction of deferred income tax expense </div> </td> <td>   </td> <td nowrap="nowrap" align="left" valign="bottom">   </td> <td nowrap="nowrap" align="right" valign="bottom"> <b>(305</b> </td> <td nowrap="nowrap" align="left" valign="bottom"> <b>)</b> </td> <td>   </td> <td nowrap="nowrap" align="left" valign="bottom">   </td> <td nowrap="nowrap" align="right" valign="bottom"> (190 </td> <td nowrap="nowrap" align="left" valign="bottom"> ) </td> <td>   </td> <td nowrap="nowrap" align="left" valign="bottom">   </td> <td nowrap="nowrap" align="right" valign="bottom"> (1,818 </td> <td nowrap="nowrap" align="left" valign="bottom"> ) </td> </tr> <tr valign="bottom" style="font-size: 1pt"> <td>   </td> <td>   </td> <td style="border-top: 1px solid #000000">   </td> <td style="border-top: 1px solid #000000">   </td> <td>   </td> <td>   </td> <td style="border-top: 1px solid #000000">   </td> <td style="border-top: 1px solid #000000">   </td> <td>   </td> <td>   </td> <td style="border-top: 1px solid #000000">   </td> <td style="border-top: 1px solid #000000">   </td> <td>   </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td align="left" valign="top"> <div style="text-indent: -10pt; margin-left: 10pt"> <b>Balance at December 31</b> </div> </td> <td>   </td> <td nowrap="nowrap" align="left" valign="bottom"> <b>$</b> </td> <td nowrap="nowrap" align="right" valign="bottom"> <b>11,096</b> </td> <td nowrap="nowrap" align="left" valign="bottom">   </td> <td>   </td> <td nowrap="nowrap" align="left" valign="bottom"> $ </td> <td nowrap="nowrap" align="right" valign="bottom"> 9,185 </td> <td nowrap="nowrap" align="left" valign="bottom">   </td> <td>   </td> <td nowrap="nowrap" align="left" valign="bottom"> $ </td> <td nowrap="nowrap" align="right" valign="bottom"> 7,921 </td> <td nowrap="nowrap" align="left" valign="bottom">   </td> </tr> <tr valign="bottom" style="font-size: 1pt"> <td>   </td> <td>   </td> <td style="border-top: 3px double #000000">   </td> <td style="border-top: 3px double #000000">   </td> <td>   </td> <td>   </td> <td style="border-top: 3px double #000000">   </td> <td style="border-top: 3px double #000000">   </td> <td>   </td> <td>   </td> <td style="border-top: 3px double #000000">   </td> <td style="border-top: 3px double #000000">   </td> <td>   </td> </tr> </table> <div align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> </div> <div style="margin-top: 6pt; font-size: 1pt">  </div> <table width="100%" border="0" cellpadding="0" cellspacing="0" style="text-align: left"> <tr> <td width="1%"></td> <td width="99%"></td> </tr> <tr valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> <td> <font style="font-size: 9pt">*  </font></td> <td align="left"> <font style="font-size: 9pt">See also Note 15 to the Consolidated Financial Statements, beginning on <font style="white-space: nowrap">page FS-43.</font> </font> </td> </tr> </table>

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110000000

46000000

18000000

600000000

Approximate 16 year term

1310000000

6528000000

10222000000

17218000000

25527000000

37412000000

18528000000

32055000000

47634000000

3316000000

83000000

344000000

2889000000

511000000

-12000000

11000000

105000000

328000000

51000000

-191000000

149000000

-4000000

2805000000

287000000

171000000

122000000

2216000000

5637000000

54000000

1279000000

4304000000

846000000

-21000000

101000000

124000000

704000000

43000000

158000000

151000000

122000000

4791000000

319000000

222000000

262000000

3398000000

7363000000

49000000

1608000000

5706000000

1119000000

-42000000

117000000

122000000

985000000

248000000

183000000

75000000

6244000000

166000000

247000000

116000000

5097000000

103000000

501000000

570000000

204000000

162000000

191000000

7537000000

11749000000

17374000000

225000000

118000000

-20000000

40000000

-64000000

7965000000

380000000

8702000000

-1117000000

-83000000

1251000000

463000000

7451000000

12919000000

1142000000

12765000000

-988000000

680000000

2285000000

462000000

10480000000

20626000000

1201000000

20444000000

-1019000000

785000000

3701000000

416000000

16743000000

1476000000

2767000000

2156000000

-1121000000

3049000000

3839000000

-653000000

321000000

1892000000

-201000000

-48000000

-341000000

-1213000000

-15000000

404000000

258000000

12000000

150000000

2301000000

-76000000

-2318000000

264000000

542000000

853000000

-273000000

-267000000

-288000000

301000000

317000000

288000000

22000000

41000000

28000000

50000000

34000000

3589000000

3420000000

5493000000

5543000000

46000000

70000000

78000000

155000000

249000000

21520000000

3769000000

17751000000

22868000000

4847000000

18021000000

940000000

941000000

903000000

78958000000

87293000000

184769000000

209474000000

29012000000

101000000

18098000000

33600000000

114000000

19082000000

171000000

75000000

96000000

102000000

101000000

1000000

Dec-2016

6000000000

5636000000

54000000

74000000

147000000

40000000

83000000

107000000

72000000

1998000000

19000000

38000000

1500000000

4000000

5636000000

6311000000

4101000000

54000000

74000000

147000000

40000000

83000000

107000000

59000000

1998000000

38000000

1500000000

1000000

4101000000

4928000000

33000000

17000000

2043000000

17000000

2021000000

20000000

11003000000

9684000000

155000000

249000000

647000000

730000000

799000000

71000000

72000000

71000000

-3546000000

-5170000000

-11772000000

-16572000000

-20915000000

-27489000000

19373000000

31359000000

41098000000

10483000000

-124000000

1141000000

473000000

10932000000

11405000000

10483000000

-121000000

2262000000

594000000

8670000000

19024000000

-116000000

4159000000

2478000000

17677000000

20155000000

19024000000

1339000000

4122000000

1139000000

13555000000

26895000000

-177000000

6899000000

3591000000

24786000000

28377000000

26895000000

1506000000

6512000000

2085000000

18274000000

80000000

112000000

113000000

10483000000

19024000000

26895000000

167402000000

683000000

121553000000

144195000000

197358000000

51462000000

1701000000

62727000000

19522000000

1629000000

3536000000

77845000000

87000000

98000000

4573000000

58056000000

81468000000

-29956000000

13463000000

39000000

18477000000

33000000

113480000000

10297000000

964000000

83878000000

9225000000

665000000

31940000000

72000000

198198000000

885000000

145381000000

170157000000

237065000000

65289000000

1619000000

75035000000

24155000000

1557000000

4107000000

90922000000

93000000

115000000

4484000000

70436000000

95122000000

-38867000000

17300000000

23000000

23834000000

39000000

136318000000

13839000000

947000000

100747000000

10316000000

610000000

41134000000

62000000

244371000000

793000000

187917000000

214299000000

298779000000

82836000000

1644000000

91078000000

27738000000

1598000000

3886000000

119254000000

81000000

86000000

4199000000

86793000000

123221000000

-54408000000

20086000000

4000000

35012000000

42000000

178365000000

18115000000

1072000000

120414000000

9623000000

526000000

55098000000

46000000

17857000000

19188000000

21649000000

3509000000

693000000

393000000

475000000

523000000

632000000

793000000

41000000

39000000

7000000

10000000

11000000

933000000

931000000

892000000

899000000

900000000

864000000

2160000000

201000000

35294000000

228000000

47556000000

3210000000

3889000000

-65000000

-23000000

81000000

7000000

-61000000

-22000000

75000000

8000000

-26000000

-54000000

72000000

8000000

575000000

635000000

773000000

34000000

13000000

20000000

1000000

12000000

27000000

75000000

156000000

392000000

-8000000

557000000

-254000000

320000000

139000000

2071000000

-399000000

-167000000

-1581000000

194000000

82000000

823000000

118000000

497000000

242000000

448000000

131000000

2671000000

-159000000

-140000000

-1030000000

-69000000

25000000

20000000

-60000000

20000000

19000000

60000000

6000000

17000000

-397000000

-145000000

-1556000000

-32000000

10000000

23000000

-5000000

-9000000

-109000000

-27000000

-439000000

-104000000

-27000000

-504000000

-101000000

-64000000

-608000000

-1099000000

-857000000

-3250000000

-60000000

20000000

19000000

2000000

-4000000

-11000000

1509000000

1621000000

175000000

16785000000

346000000

26153000000

552000000

496000000

377000000

670000000

697000000

339000000

918000000

1093000000

1972000000

16000000

14000000

5302000000

5674000000

6139000000

71000000

72000000

71000000

3009000000

19000000

104000000

32000000

942000000

861000000

900000000

30000000

90000000

112000000

16107000000

18474000000

25440000000

2326000000

-137000000

-172000000

19843000000

19612000000

26500000000

790000000

651000000

839000000

71000000

225000000

134000000

84000000

222000000

72000000

6696000000

1573000000

3380000000

1565000000

9156000000

1974000000

3543000000

3378000000

1739000000

1450000000

1467000000

1.00

100000000

5519000000

5827000000

336000000

338000000

339000000

5347000000

1250000000

377000000

350000000

1250000000

374000000

-3192000000

-212000000

23000000

168000000

-306000000

-3193000000

244000000

-732000000

-255000000

2564000000

1995000000

3517000000

127000000

-49000000

-74000000

135000000

120000000

271000000

227000000

308000000

256000000

10563000000

80000000

19136000000

112000000

27008000000

113000000

17008000000

5746000000

2330000000

14231000000

357000000

11262000000

1874000000

3518000000

354000000

456000000

10803000000

3000000

21145000000

6392000000

1560000000

19315000000

270000000

14753000000

1199000000

4934000000

259000000

361000000

14381000000

11000000

32391000000

16221000000

1669000000

30126000000

596000000

16170000000

1226000000

14404000000

591000000

443000000

15722000000

5000000

57000000

67000000

188288000000

81859000000

28814000000

154885000000

4589000000

106429000000

18962000000

58328000000

4569000000

9852000000

96557000000

20000000

207367000000

87065000000

29517000000

173101000000

4749000000

120302000000

19820000000

62523000000

4722000000

9697000000

110578000000

27000000

233432000000

100185000000

28121000000

200164000000

5147000000

133247000000

20699000000

74369000000

5117000000

7422000000

125795000000

30000000

96468000000

34853000000

14186000000

79723000000

2559000000

61615000000

10032000000

22273000000

2548000000

4154000000

57450000000

11000000

104504000000

36152000000

14327000000

87665000000

2512000000

68352000000

10379000000

23277000000

2496000000

3948000000

64388000000

16000000

122608000000

47056000000

13718000000

106004000000

2886000000

75552000000

10723000000

33461000000

2872000000

2995000000

72543000000

14000000

584000000

1740000000

567000000

2000000000

726000000

2354000000

174000000

129000000

828000000

7400000000

1900000000

3200000000

4000000000

3900000000

6000000000

271000000

496000000

156000000

2769000000

761000000

603000000

526000000

627000000

855000000

1240000000

244000000

2700

1300

138000000

36000000

-74000000

-468000000

-414000000

-332000000

119641000000

140399000000

9159000000

10127000000

171636000000

204928000000

253706000000

4527000000

4767000000

4745000000

47167

1011200

0.032

0.039

0.036

6.0

6.1

6.2

0.302

0.308

0.310

0.021

0.029

0.026

160000000

67000000

1755000000

67.84

5.3

91000000

259000000

668000000

60.20

953000

85.79

14260000

94.46

15.36

16.28

21.24

33000

103.96

2365000000

74852000

72348000

67.04

73.71

6.4

45494000

20718000

19047000

2374000

1864000

2442677000

438445000

14168000

2442677000

434955000

14168000

2442677000

435196000

14168000

2442677000

461510000

43000000

40000000

187000000

340000000

5400000000

5600000000

14448000000

1832000000

101102000000

-26376000000

91914000000

-349000000

-4321000000

14631000000

1832000000

106289000000

-26168000000

119641000000

105081000000

-311000000

-4466000000

14796000000

1832000000

119641000000

-26411000000

121382000000

-298000000

-6022000000

15156000000

1832000000

140399000000

-29685000000

469000000

92561000000

647000000

105811000000

234000000

29622000000

730000000

122181000000

58000000

36799000000

799000000

169000000

43000000

27000000

15844000

3575000

8850000

16110000

214000000

532000000

988000000

182000000

229000000

265000000

8800000

42300000

750000000

4250000000

2012-2021

-4000000

6550000000

6183000000

4000000

3511000000

2855000000

3958000000

-171000000

-111000000

-105000000

-88000000

-311000000

-298000000

435195799

461509656

85000

9091000

42424000

26411000000

29685000000

6000000

775000000

4262000000

2696000000

3195000000

3507000000

3481000000

-182000000

-165000000

-366000000

-300000000

-136000000

-318000000

459000000

334000000

469000000

533000000

270000000

236000000

-10000000

-8000000

-4000000

19000000

103000000

82000000

275000000

44000000

7535000000

293000000

13000000

7921000000

239000000

145000000

9185000000

167000000

63000000

11096000000

2204000000

1454000000

2216000000

-1818000000

-190000000

-305000000

74000000

41000000

76000000

9000000

10000000

15000000

2001000000

2007000000

2001000000

1992000000

1997000000

1986000000

Includes excise, value-added and similar taxes.