Chevron 2007 Annual Report Supplement

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�� Upstream Operating Data �� Proved Reserves – Crude Oil and Natural Gas Liquids 1,2 At December 31 Millions of barrels 007 2006 2005 2004 2003 Gross Crude Oil and Natural Gas Liquids California 884 953 989 1,034 1,077 Gulf of Mexico 353 374 384 341 507 Other U.S. 524 572 611 493 653 Africa 1,852 2,056 2,203 2,196 2,258 Asia-Pacific 1,098 1,212 1,288 777 902 Indonesia 1,025 1,175 1,280 1,548 1,744 Other International 456 507 600 591 729 Total Consolidated Companies 6,192 6,849 7,355 6,980 7,870 Equity Share in Affiliates TCO 2,454 2,449 2,429 2,317 2,127 Other 626 701 522 539 551 Total Gross Reserves 9,272 9,999 10,306 9,836 10,548 Net Crude Oil and Natural Gas Liquids California 860 926 965 1,011 1,051 Gulf of Mexico 307 325 333 294 435 Other U.S. 457 500 533 432 572 Africa 1,500 1,698 1,814 1,833 1,923 Asia-Pacific 668 785 829 676 796 Indonesia 439 576 579 698 807 Other International 434 484 573 567 696 Total Consolidated Companies 4,665 5,294 5,626 5,511 6,280 Equity Share in Affiliates TCO 1,989 1,950 1,939 1,994 1,840 Other 433 562 435 468 479 Total Net Reserves 7,087 7,806 8,000 7,973 8,599 Proved Reserves – Natural Gas 1 Billions of cubic feet Gross Natural Gas California 322 316 309 320 327 Gulf of Mexico 1,113 1,299 1,162 1,267 2,201 Other U.S. 2,814 3,063 3,453 2,719 3,732 Africa 3,049 3,206 3,204 2,989 2,658 Asia-Pacific 12,250 11,871 10,305 5,922 5,645 Indonesia 553 652 755 555 572 Other International 3,603 3,677 3,971 3,902 3,995 Total Consolidated Companies 23,704 24,084 23,159 17,674 19,130 Equity Share in Affiliates TCO 3,440 3,435 3,591 3,427 2,920 Other 326 284 218 155 129 Total Gross Reserves 27,470 27,803 26,968 21,256 22,179 Net Natural Gas California 317 310 304 314 323 Gulf of Mexico 943 1,094 1,171 1,064 1,841 Other U.S. 2,417 2,624 2,953 2,326 3,189 Africa 3,049 3,206 3,191 2,979 2,642 Asia-Pacific 8,827 8,920 8,623 5,405 5,373 Indonesia 485 574 646 502 520 Other International 3,099 3,182 3,578 3,538 3,665 Total Consolidated Companies 19,137 19,910 20,466 16,128 17,553 Equity Share in Affiliates TCO 2,748 2,743 2,787 3,413 2,526 Other 255 231 181 134 112 Total Net Reserves 22,140 22,884 23,434 19,675 20,191 1 Proved reserves are estimated by the company’s asset teams, composed of earth scientists and reservoir engineers. These proved-reserve estimates are reviewed annually by the company’s Reserves Advisory Committee to ensure that rigorous professional standards and the reserves definitions prescribed by the Securities and Exchange Commission (SEC) are consistently applied throughout the company. Refer to the Glossary for a definition of proved reserves. Net reserves exclude royalties and interests owned by others and reflect contractual arrangements and royalty obligations in effect at the time of the estimate. 2 Excludes oil sands reserves at the Athabasca project in Canada, which are considered mining-related under SEC rules. Net proved oil sands reserves were 436 million barrels at December 31, 2007. 0 Chevron Corporation 2007 Supplement to the Annual Report
Net Oil–Equivalent Production 1 Year ended December 31 Thousands of barrels per day 007 2006 2005 2004 2003 Consolidated Companies United States Alabama – Onshore 10 11 10 11 12 – Offshore 10 11 10 12 18 Alaska – Onshore 27 30 19 15 14 – Offshore 10 10 5 – – California 221 224 235 239 250 Colorado 27 27 26 25 26 Louisiana – Onshore 4 5 7 10 18 – Offshore 174 175 174 254 299 New Mexico 38 40 36 35 41 Oklahoma 12 13 14 15 15 Texas – Onshore 153 150 124 125 161 – Offshore 16 22 20 21 18 Utah 8 8 9 14 17 Wyoming 29 33 36 38 40 Other states 4 4 2 3 4 Total United States 743 763 727 817 933 Africa Angola 179 164 145 144 154 Chad 32 35 39 37 8 Democratic Republic of the Congo 3 3 1 4 9 Nigeria 129 144 136 129 131 Republic of the Congo 8 12 12 12 13 Total Africa 351 358 333 326 315 Asia-Pacific Australia 100 99 102 93 95 Azerbaijan 61 47 13 – – Bangladesh 47 21 10 – – China 26 26 26 18 23 Kazakhstan 66 62 61 52 42 Myanmar 17 15 5 – – Papua New Guinea – – – – 4 Partitioned Neutral Zone 112 114 116 120 136 Philippines 26 24 35 28 31 Thailand 224 216 111 35 42 Total Asia-Pacific 679 624 479 346 373 Total Indonesia 241 248 237 240 251 Other International Argentina 47 47 52 56 65 Canada 36 47 57 71 91 Colombia 30 29 31 35 35 Denmark 63 68 71 68 59 Netherlands 4 4 3 – – Norway 6 6 9 11 10 Trinidad and Tobago 29 29 19 23 19 United Kingdom 115 115 133 163 179 Venezuela 2 – 7 10 11 9 Total Other International 330 352 385 438 467 Total International 1,601 1,582 1,434 1,350 1,406 Total Consolidated Companies 2,344 2,345 2,161 2,167 2,339 Equity Share in Affiliates TCO 176 167 172 178 167 Hamaca (Petropiar effective January 2008) 41 38 41 24 17 Petroboscan 3 28 7 – – – Petroindependiente 3 3 1 – – – Total Equity Share in Affiliates 248 213 213 202 184 Total Consolidated Companies and Affiliates 2,592 2,558 2,374 2,369 2,523 Other Produced volumes Athabasca Oil Sands in Canada 27 27 32 27 15 Boscan operating service agreement in Venezuela 4 – 82 111 113 99 Total Other Produced volumes 27 109 143 140 114 Total Worldwide 2,619 2,667 2,517 2,509 2,637 1 Net oil-equivalent production excludes royalty interests and a government’s agreed-upon share of production under a production-sharing contract. 2 Includes production from LL-652 through September 2006. 3 Joint stock company formed in October 2006. 4 Includes volumes through September 2006. Upstream Operating Data Chevron Corporation 2007 Supplement to the Annual Report ��
Page 1 and 2: Energy Performance 2007 Supplement
Page 3 and 4: 2007 at a Glance Accomplishments Co
Page 5 and 6: Consolidated Statement of Income Ye
Page 7 and 8: Consolidated Balance Sheet At Decem
Page 9 and 10: Capital and Exploratory Expenditure
Page 11 and 12: Miscellaneous Data 007 2006 2005 20
Page 13 and 14: Highlights Worldwide net oil-equiva
Page 15 and 16: • Kazakhstan - Ramp-up of expande
Page 17 and 18: Kettleman Hills Chevron increased i
Page 19 and 20: • Jack, a 2004 discovery at Walke
Page 21 and 22: Development Drilling activity withi
Page 23 and 24: Development South Offshore Water In
Page 25 and 26: Asia-Pacific Major producing countr
Page 27 and 28: Kazakhstan Chevron is the largest p
Page 29 and 30: Thailand In the Gulf of Thailand, C
Page 31 and 32: Exploration The Ordos Basin blocks
Page 33 and 34: Remaining production from the Rokan
Page 35 and 36: Exploration During first-half 2007,
Page 37 and 38: Athabasca Oil Sands Project The com
Page 39 and 40: Production Total daily production i
Page 41: Major Development Projects 1 Maximu
Page 45 and 46: Net Natural Gas Production 1 Year e
Page 47 and 48: Natural Gas Realizations 1 Year end
Page 49 and 50: Net Wells Completed * Year ended De
Page 51 and 52: Highlights Downstream is a key elem
Page 53 and 54: Marketing The Marketing organizatio
Page 55 and 56: Transportation The company’s tran
Page 57 and 58: Refining Capacity at Year-End 2007
Page 59 and 60: Refined-Product Sales Year ended De
Page 61 and 62: Chemicals ChEvRON CORPORATION Photo
Page 63 and 64: Manufacturing and Research and Deve
Page 65 and 66: Technology Chevron has three techno
Page 67 and 68: Mining Chevron’s U.S.-based minin
Page 69 and 70: Synthetic Crude Oil A marketable an
Page 71 and 72: Chevron History 1879 Incorporated i

Chevron 2007 Annual Report Supplement

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