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OPEC Annual Statistical Bulletin 2004 Major oil companies Table
Revenue, operating costs, deductions, taxation and net income of the major oil companies, 2000–2004 (m $)
BP
2000 2001 2002 2003 2004
Revenues 1 161,826 175,389 178,721 236,045 294,849
Cost of sales 2 145,786 160,558 168,713 219,468 272,479
Income tax (benefit) 6,648 6,375 4,317 6,111 8,282
Special deductions – – – – –
Net income (loss) 9,392 8,456 5,691 10,466 14,088
ExxonMobil
Revenues 3 227,596 208,715 200,949 237,054 291,252
Cost of sales 4 198,785 184,428 182,990 204,538 250,011
Income tax (benefit) 11,091 8,967 6,499 11,006 15,911
Special deductions – – – – –
Net income (loss) 17,720 15,320 11,460 21,510 25,330
Total 5
Revenues 3 105,430 94,250 108,871 118,340 153,056
Cost of sales 4 93,234 82,136 97,218 104,343 130,693
Income tax (benefit) 5,846 5,261 5,345 6,053 10,373
Special deductions – – – – –
Net income (loss) 6,350 6,853 6,308 7,944 11,990
Royal Dutch/Shell
Revenues 3 191,511 167,431 218,287 263,889 337,522
Cost of sales 4 167,519 148,677 200,984 242,227 304,203
Income tax (benefit) 11,273 8,404 7,647 9,349 15,136
Special deductions – – – – –
Net income (loss) 12,719 10,350 9,656 12,313 18,183
ChevronTexaco
Revenues 119,130 106,245 99,049 121,277 155,300
Cost of sales 4 105,081 97,954 94,893 108,753 134,455
Income tax (benefit) 6,322 4,360 3,024 5,294 7,517
Special deductions – 643 – – –
Net income (loss) 7,727 3,288 1,132 7,230 13,328
Total majors
Revenues 805,493 752,030 805,877 976,605 1,231,979
Cost of sales 710,405 673,753 744,798 879,329 1,091,841
Income tax (benefit) 41,180 33,367 26,832 37,813 57,219
Special deductions – 643 – – –
Net income (loss) 53,908 44,267 34,247 59,463 82,919
Notes: BP and Amoco, and Exxon and Mobil merged to create BP Amoco and ExxonMobil in December 1998 and November 1999, respectively. In 2003, BP
Amoco was renamed BP. Both data series have been adjusted to include the new companies. TotalFina merged with Elf Aquitaine in February 2000 to create
TotalFinaElf, which was renamed Total in 2003. The data series has been adjusted to include the new company from 1997. Chevron and Texaco merged to create
ChevronTexaco in October 2001. Data include companies’ shares in all operations in which they have an interest.
1. Includes earnings from equity interest and stockholding gain or loss.
2. Includes sales and excise taxes and interest expenses.
3. Includes dividend from related and non-consolidated companies.
4. Includes sales and excise taxes.
5. Converted from original figures in French francs and euros.
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