雪佛龙Chevron Corporation (CVX) 2006年年度报告「NYSE」.pdf

1、2006 Annual ReportDemand for energy continues to rise,posing a clear challenge for our industry:how to develop new and better ways to produce,process,use and deliver all forms of energy from conventional crude oil and natural gas to the emerging sources of the future.At Chevron,we recognize the worl

2、d needs all the energy we can develop,in every potential form.We re managing our energy portfolio to deliver that energy and to create growth and value for our stockholders,our customers,our business partners and the communities where we do business.LETTER TO STOCKHOLDERS 2THE ENERGY PORTFOLIO:CONVE

3、NTIONAL ENERGY 6UNCONVENTIONAL ENERGY 8EMERGING ENERGY 10EFFICIENT ENERGY 12HUMAN ENERGY 14CHEVRON PERSPECTIVES 16OPERATING HIGHLIGHTS 18GLOSSARY OF ENERGY AND FINANCIAL TERMS 24FINANCIAL REVIEW 25FIVE-YEAR OPERATING SUMMARY 85FIVE-YEAR FINANCIAL SUMMARY 86BOARD OF DIRECTORS 101CORPORATE OFFICERS 10

4、2CONVENTIONAL ENERGYUNCONVENTIONAL ENERGYEMERGING ENERGY EFFICIENT ENERGY HUMAN ENERGYThe energyportfolio681012142006 was an exceptional year for our company.We continued to deliver value to our stockholders and to make strategic investments that will drive sustained,superior performance over the lo

5、ng term.We reported record net income of$17.1 billion on sales and other operating revenues of approximately$205 billion.For the year,total stockholder return was 33.8 percent,which was more than double the rate of return delivered by the S&P 500.Return on capital employed was a strong 22.6 percent.

6、We continued to return cash to stock-holders through our stock buyback program,purchasing$5 billion worth of shares in the open market,and we increased our annual dividend for the 19th year in a row.We are committed to exercising the capital discipline necessary to balance current returns with inves