T78 Revenue, Operating Costs, Deductions, Taxation and

Net income of the Major Oil Companies, 1980-2008

(Million US Dollars)

1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990
BP
Revenues 1/ 86,797 93,831 82,367 79,292 80,951 83,273 59,602 70,004 70,803 77,253 92,448
Cost of Sales 2/ 80,960 86,835 75,845 72,739 73,229 75,588 56,751 63,928 63,877 69,838 84,151
Income Tax (Benef3,303 3,732 3,443 3,377 3,661 3,655 903 2,435 2,709 2,305 3,362
Special Deductio - - - - 399 1,207 467 - - - -
Net Income (Loss 2,534 3,264 3,079 3,176 3,662 2,823 1,481 3,641 4,217 5,110 4,935
ExxonMobil
Revenues3/ ### ### ### ### ### ### ### ### ### ### ###
Cost of Sales 4/ ### ### ### ### ### ### ### ### ### ### ###
Income Tax (Benef9,659 7,674 6,257 7,731 8,360 7,957 3,933 4,300 4,554 3,973 5,685
Special Deductio - - - - - - 2,518 - - - -
Net Income (Loss 8,922 8,000 5,399 6,481 6,796 5,910 4,900 6,058 7,347 5,319 6,939
Total 5/
Revenues3/ 23,887 22,673 20,047 18,355 18,167 19,257 13,813 14,433 14,097 17,004 25,485
Cost of Sales 4/ 19,752 20,066 17,920 16,565 16,345 17,383 12,910 13,161 13,610 16,374 24,213
Income Tax (Benef3,900 2,532 2,060 1,721 1,672 1,715 835 1,053 239 284 475
Special Deductio - - - - - - - - - - -
Net Income (Loss) 235 75 67 69 150 159 68 219 248 346 797
Royal Dutch/Shell
Revenues3/ 96,527 ### 97,564 94,019 98,900 94,569 81,404 98,026 99,445 ### ###
Cost of Sales 4/ 83,904 88,614 84,888 81,023 84,929 82,369 73,149 88,273 89,693 93,920 ###
Income Tax (Benef7,128 7,925 9,188 8,837 9,083 8,325 3,755 5,104 4,518 5,631 7,597
Special Deductio - - - - - - - - - - -
Net Income (Loss 5,495 4,033 3,488 4,159 4,888 3,875 4,500 4,649 5,234 6,539 6,533
Chevron
Revenues 94,038 ### 83,962 70,329 77,142 92,839 59,810 64,464 63,995 68,441 84,388
Cost of Sales 4/ 84,635 95,732 77,104 63,613 72,123 84,042 56,276 66,151 58,707 64,051 78,000
Income Tax (Benef4,763 5,484 4,200 3,893 3,179 6,017 859 1,198 2,216 1,726 2,781
Special Deductio - - - - - - 3,385 - - - -
Net Income (Loss 4,640 4,690 2,658 2,823 1,840 2,780 -710 -2,885 3,072 2,664 3,607
Total Majors
Revenues ### ### ### ### ### ### ### ### ### ### ###
Cost of Sales ### ### ### ### ### ### ### ### ### ### ###
Income Tax (Benef28,753 27,347 25,148 25,559 25,955 27,669 10,285 14,090 14,236 13,919 19,900
Special Deductio - - - - 399 1,207 6,370 - - - -
Net Income (Loss 21,826 20,062 14,691 16,708 17,336 15,547 10,239 11,682 20,118 19,978 22,811

Note: BP & Amoco and Exxon and Mobil were mergerd to create BPAmoco (name changed to BP in 2002) a
in December 1998 and November 1999 respectively. Both data series have been adjusted to include t
companies from 1980.
TotalFina merged with Elf Aquitaine in February 2000 to create TotalFinaElf. The name was changed t
6, 2003. The data series has been ajusted to include Total up to 97, TotalFina 1999 and the new comp
Chevron & Texaco merged to create ChevronTexaco form October 2001. The name was further chang
in May 2005. Chevron merged with Unocal in August 2005.
Data include Companies's shares in all operations in which they have an interest
 1) Includes earnings from equity interest and stockholding gain or loss.
2) Including sales and excise taxes and interest expenses.
3) Includes dividend from related and non-consolidated companies
4) Includes sales and excise taxes.
5) For some years, converted from original figures in French Francs.
Source: Oil Company annual reports.
 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

85,944 87,891 81,112 81,029 88,051 ### ### 83,732 ### ### ### ### ### ###
81,101 86,699 76,655 75,161 82,568 93,036 98,939 78,164 94,196 ### ### ### ### ###
2,313 1,153 1,714 1,761 1,852 2,783 3,013 2,089 2,322 6,648 6,375 4,317 5,050 7,082
311 924 - - - - - - - - - - - -
2,219 -885 2,743 4,107 3,631 6,245 6,612 3,479 4,662 9,392 8,456 5,691 ### 15,432

### ### ### ### ### ### ### ### ### ### ### ### ### ###
### ### ### ### ### ### ### ### ### ### ### ### ### ###
5,023 4,044 4,703 4,623 5,987 7,553 7,605 3,939 3,240 11,091 8,967 6,499 ### 15,911
- 1,446 - 680 - - - - - - - - - -
7,520 5,632 7,364 6,179 8,846 10,474 11,732 8,074 7,910 17,720 15,320 11,460 ### 25,330

27,504 25,824 23,936 25,583 27,731 34,004 83,603 68,744 79,991 ### 94,250 ### ### ###
26,041 24,946 23,121 24,627 26,562 32,405 77,547 65,475 74,632 93,234 82,136 97,218 ### ###
346 340 291 323 413 512 3,216 1,256 2,061 5,846 5,261 5,345 6,053 10,701
- - - - - - - - - - - - - -
1,117 538 524 633 756 1,087 2,840 2,013 3,298 6,350 6,853 6,308 7,944 13,518

### ### ### ### ### ### ### ### ### ### ### ### ### ###
### ### ### ### ### ### ### ### ### ### ### ### ### ###
5,403 3,371 4,115 3,774 5,517 5,819 7,422 1,913 5,696 11,273 8,404 7,647 9,349 12,168
- - - - - - - - - - - - - -
4,288 5,369 4,497 6,267 6,919 8,886 7,753 350 8,584 12,719 10,350 9,656 ### 18,540

78,107 79,423 71,153 69,207 73,869 89,393 ### 73,258 85,713 ### ### 99,049 ### ###
74,431 74,937 67,746 65,269 71,215 81,670 93,118 70,422 79,901 ### 97,954 94,893 ### ###
1,089 1,564 1,074 1,335 1,117 3,098 3,273 919 2,565 6,322 4,360 3,024 5,294 7,517
- 641 - - - - - - - - 643 - - -
2,587 2,281 2,333 2,603 1,537 4,625 5,920 1,917 3,247 7,727 3,288 1,132 7,230 13,328

### ### ### ### ### ### ### ### ### ### ### ### ### ###
### ### ### ### ### ### ### ### ### ### ### ### ### ###
14,174 10,472 11,897 11,816 14,886 19,765 24,529 10,116 15,884 41,180 33,367 26,832 ### 53,379
311 3,011 - 680 - - - - - - 643 - - -
17,731 12,935 17,461 19,789 21,689 31,317 34,857 15,833 27,701 53,908 44,267 34,247 ### 86,148

(name changed to BP in 2002) and ExxonMobil

s have been adjusted to include the new

inaElf. The name was changed to Total on May

otalFina 1999 and the new company from 2000.
001. The name was further changed to Chevron
2005 2006 2007 2008

### ### ### ###

### ### ### ###
9,473 12,331 10,442 12,617
- - - -
19,314 22,222 18,370 25,593

### ### ### ###

### ### ### ###
23,302 27,902 29,864 36,530
- - - -
36,130 39,500 40,610 45,220

### ### ### ###

### ### ### ###
14,688 17,227 18,603 20,806
- - -
15,269 14,776 18,063 15,576

### ### ### ###

### ### ### ###
17,999 18,317 18,650 24,344
- - -
25,311 25,442 31,331 26,277

### ### ### ###

### ### ### ###
11,098 14,838 13,479 19,026
- - -
14,099 17,138 18,688 23,931

### ### ### ###

### ### ### ###
76,560 90,615 91,038 ###
- - - -
### ### ### ###