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FINANCIAL INFORMATION
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Properties, Plant and Equipment
NET PROPERTIES,
PLANT & EQUIPMENT
BY GEOGRAPHIC AREA
Billions of dollars
50.0
40.0
30.0
20.0
10.0
0.0
00 01 02 03 04
United States
International
NET PROPERTIES,
PLANT & EQUIPMENT
BY FUNCTION
Billions of dollars
50.0
40.0
30.0
20.0
10.0
0.0
$44.5
$44.5
00 01 02 03 04
Chemicals & Other
Refining, Marketing &
Transportation
Exploration & Production
PROPERTIES, PLANT AND EQUIPMENT – INCLUDING
CAPITAL LEASES Year Ended December 31
Millions of Dollars 2004 2003 2002 2001 2000
NET PROPERTIES, PLANT AND EQUIPMENT AT JANUARY 1 $ 44,538 $ 44,155 $ 42,882 $ 43,968 $ 46,136
ADDITIONS AT COST
Exploration and Production 1 4,674 5,022 5,001 4,873 4,950
Refining, Marketing and Transportation 923 777 1,082 1,192 941
Chemicals 39 36 53 41 120
All Other 2 316 177 285 174 202
TOTAL ADDITIONS AT COST 5,952 6,012 6,421 6,280 6,213
DEPRECIATION, DEPLETION AND AMORTIZATION EXPENSE 3,4
Exploration and Production (3,598) (4,504) (3,938) (5,593) (3,925)
Refining, Marketing and Transportation (1,062) (1,148) (1,100) (1,031) (1,167)
Chemicals (46) (59) (42) (41) (95)
All Other 2 (158) (160) (151) (394) (134)
TOTAL DEPRECIATION, DEPLETION AND AMORTIZATION EXPENSE (4,864) 3 (5,871) 5 (5,231) (7,059) (5,321)
NET RETIREMENTS AND SALES
Exploration and Production (1,393) (376) 52 26 (765)
Refining, Marketing and Transportation (458) (395) (90) (123) (417)
Chemicals (18) (5) (6) (7) (11)
All Other 2 (204) (20) (20) (70) (79)
TOTAL NET RETIREMENTS AND SALES (2,073) (796) (64) (174) (1,272)
NET INTERSEGMENT TRANSFERS AND OTHER CHANGES 6
Exploration and Production 7 1,031 1,018 (53) (34) 273
Refining, Marketing and Transportation 7 (174) (15) 128 5 (152)
Chemicals 8 (2) (2) 6 (4) (2,084)
All Other 2 46 37 66 (100) 175
TOTAL NET INTERSEGMENT TRANSFERS AND OTHER CHANGES $ 905 1,038 $ 147 (133) (1,788)
NET PROPERTIES, PLANT AND EQUIPMENT AT DECEMBER 31
Exploration and Production 9 31,239 30,525 29,365 28,303 29,031
Refining, Marketing and Transportation 11,054 11,825 12,606 12,586 12,543
Chemicals 684 707 737 726 737
All Other 2 1,481 1,481 1,447 1,267 1,657
TOTAL NET PROPERTIES, PLANT AND EQUIPMENT AT DECEMBER 31 $ 44,458 $ 44,538 $ 44,155 $ 42,882 $ 43,968
Memo: Gross Properties, Plant and Equipment $ 103,954 $ 100,556 $ 105,231 $ 99,860 $ 95,217
Accumulated Depreciation, Depletion and Amortization (59,496) (56,018) (61,076) (56,978) (51,249)
Net Properties, Plant and Equipment $ 44,458 $ 44,538 $ 44,155 $ 42,882 $ 43,968
1 Net of exploratory well write-offs.
2 Primarily coal, real estate assets and management information systems.
3 Depreciation expense includes discontinued operations of $22, $58, $62, $73 and $52 in 2004, 2003, 2002, 2001 and 2000, respectively.
4 Depreciation expense includes accretion expense of $93 and $132 in 2004 and 2003, respectively.
5 Difference between the total 2003 DD&A of $(5,871) and the total DD&A expense of $(5,384) as shown on the income statement results from $619 cumulative effect
for the implementation of FAS 143 and $(132) in accretion expense.
6 Includes reclassifications to/from other asset accounts.
7 In 2004 and 2003, includes reclassification adjustments for Assets Held for Sale.
8 In 2000, includes net Property, Plant and Equipment contributed to Chevron Phillips Chemical Company LLC.
9 Includes net investment in unproved oil and gas properties of $1,410, $1,485, $1,677, $2,027 and $2,546 in 2004, 2003, 2002, 2001 and 2000, respectively.
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