1、CHEVRON CORPORATION 2011 ANNUAL REPORTChevron Corporation 6001 Bollinger Canyon RoadSan Ramon,CA 94583-2324 USA912-09612011 Annual Report10%Recycled100%RecyclableMarking a Milestone:(below)In 2011,Chevrons El Segundo,California,refi nery celebrated 100 years of operation.Beginning in 1911,when the m
2、ain product was kerosene for lamps,El Segundo has grown to cover 1,000 acres(405 hectares)and has more than 1,100 miles(1,770 kilometers)of pipelines.It refi nes about 270,000 barrels of crude oil per day,making El Segundo the largest refi nery on the West Coast of the United States.On the Cover:Che
3、vrons$37 billion Gorgon liquefi ed natural gas(LNG)project offshore Western Australia is one of our largest single investments to date.Shown here are the processing facilities under construction on Barrow Island.First deliveries of LNG are expected in late 2014.Chevron is the largest holder of natur
4、al gas resources in Australia.8 Glossary of Energy and Financial Terms 9 Financial Review 68 Five-Year Financial Summary 69 Five-Year Operating Summary Contents 2 Letter to Stockholders 4 Chevron Financial Highlights 5 Chevron Operating Highlights 6 Chevron at a Glance 85 Chevron History 86 Board of
5、 Directors 87 Corporate Offi cers 88 Stockholder and Investor InformationThis Annual Report contains forward-looking statements identified by words such as“expects,”“intends,”“projects,”etc.that reflect managements current estimates and beliefs,but are not guarantees of future results.Please see“Cau
6、tionary Statement Relevant to Forward-Looking Information for the Purpose of Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995”on Page 9 for a discussion of some of the factors that could cause actual results to differ materially.PHOTOGRAPHY Cover:Jeremy Ashton;Inside Fr