T78    Revenue, Operating Costs, Deductions, Taxation and
Net income of the Major Oil Companies, 1980-2007
(Million  US Dollars)
  1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007
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 85,944 87,891 81,112 81,029 88,051 102,064 108,564 83,732 101,180 161,826 175,389 178,721 173,296 204,456 245,486 274,316 291,438
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 81,101 86,699 76,655 75,161 82,568 93,036 98,939 78,164 94,196 145,786 160,558 168,713 155,814 181,942 216,699 239,732 263,709
Income Tax (Benefit) 3,303 3,732 3,443 3,377 3,661 3,655 903 2,435 2,709 2,305 3,362 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 9,473 12,331 10,442
Special Deductions - - - - 399 1,207 467 - - - - 311 924 - - - - - - - - - - - - - - -
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 2,219 -885 2,743 4,107 3,631 6,245 6,612 3,479 4,662 9,392 8,456 5,691 12,432 15,432 19,314 22,253 17,287
ExxonMobil                                                        
Revenues3/ 172,175 179,784 167,667 153,736 157,762 153,478 121,347 134,722 142,924 152,673 181,714 179,803 181,562 175,186 181,287 199,290 215,752 201,746 171,303 186,906 227,596 208,715 200,949 237,054 291,252 358,955 377,635 404,552
Cost of Sales 4/ 153,594 164,110 156,011 139,524 142,606 139,611 109,996 124,364 131,023 143,381 169,090 167,260 170,440 163,119 169,805 184,457 197,725 182,409 159,290 175,756 198,785 184,428 182,990 204,538 250,011 299,523 310,233 334,078
Income Tax (Benefit) 9,659 7,674 6,257 7,731 8,360 7,957 3,933 4,300 4,554 3,973 5,685 5,023 4,044 4,703 4,623 5,987 7,553 7,605 3,939 3,240 11,091 8,967 6,499 11,006 15,911 23,302 27,902 29,864
Special Deductions - - - - - - 2,518 - - - - - 1,446 - 680 - - - - - - - - - - - - -
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 7,520 5,632 7,364 6,179 8,846 10,474 11,732 8,074 7,910 17,720 15,320 11,460 21,510 25,330 36,130 39,500 40,610
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 27,504 25,824 23,936 25,583 27,731 34,004 83,603 68,744 79,991 105,430 94,250 108,871 118,340 152,627 170,635 193,115 217,554
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 26,041 24,946 23,121 24,627 26,562 32,405 77,547 65,475 74,632 93,234 82,136 97,218 104,343 130,844 141,039 161,107 180,966
Income Tax (Benefit) 3,900 2,532 2,060 1,721 1,672 1,715 835 1,053 239 284 475 346 340 291 323 413 512 3,216 1,256 2,061 5,846 5,261 5,345 6,053 10,373 14,711 17,232 18,525
Special Deductions - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Net Income (Loss)  235 75 67 69 150 159 68 219 248 346 797 1,117 538 524 633 756 1,087 2,840 2,013 3,298 6,350 6,853 6,308 7,944 11,410 14,885 14,776 18,063
Royal Dutch/Shell                                                        
Revenues3/ 96,527 100,572 97,564 94,019 98,900 94,569 81,404 98,026 99,445 106,090 132,414 131,529 128,420 125,814 129,109 150,520 171,964 171,657 138,272 149,680 191,511 167,431 218,287 263,889 337,522 306,730 318,845 336,365
Cost of Sales 4/ 83,904 88,614 84,888 81,023 84,929 82,369 73,149 88,273 89,693 93,920 118,284 121,838 119,680 117,202 119,068 138,084 157,259 156,482 136,009 135,400 167,519 148,677 200,984 242,227 306,814 263,420 274,963 290,150
Income Tax (Benefit) 7,128 7,925 9,188 8,837 9,083 8,325 3,755 5,104 4,518 5,631 7,597 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 17,999 18,317 18,650
Special Deductions - - - - - - - - - - - - - - - - - - - - - - - - - -    
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 4,288 5,369 4,497 6,267 6,919 8,886 7,753 350 8,584 12,719 10,350 9,656 12,313 18,540 25,311 25,565 27,565
Chevron                                                        
Revenues  94,038 105,906 83,962 70,329 77,142 92,839 59,810 64,464 63,995 68,441 84,388 78,107 79,423 71,153 69,207 73,869 89,393 102,311 73,258 85,713 119,130 106,245 99,049 121,277 155,300 198,200 210,118 220,905
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 74,431 74,937 67,746 65,269 71,215 81,670 93,118 70,422 79,901 105,081 97,954 94,893 108,753 134,455 173,003 178,142 188,738
Income Tax (Benefit) 4,763 5,484 4,200 3,893 3,179 6,017 859 1,198 2,216 1,726 2,781 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 11,098 14,838 13,479
Special Deductions - - - - - - 3,385 - - - - - 641 - - - - - - - - 643 - - - - - -
Net Income (Loss) 4,640 4,690 2,658 2,823 1,840 2,780 -710 -2,885 3,072 2,664 3,607 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 14,099 17,138 18,688
Total Majors                                                        
Revenues  473,424 502,766 451,607 415,731 432,922 443,416 335,976 381,649 391,264 421,461 516,449 502,887 503,120 477,201 486,215 539,461 613,177 667,881 535,309 603,470 805,493 752,030 805,877 913,856 1,141,157 1,280,006 1,374,029 1,470,814
Cost of Sales  422,845 455,357 411,768 373,464 389,232 398,993 309,082 355,877 356,910 387,564 473,738 470,671 476,702 447,843 453,930 502,886 562,095 608,495 509,360 559,885 710,405 673,753 744,798 815,675 1,004,066 1,093,684 1,164,177 1,257,641
Income Tax (Benefit) 28,753 27,347 25,148 25,559 25,955 27,669 10,285 14,090 14,236 13,919 19,900 14,174 10,472 11,897 11,816 14,886 19,765 24,529 10,116 15,884 41,180 33,367 26,832 36,752 53,051 76,583 90,620 90,960
Special Deductions - - - - 399 1,207 6,370 - - - - 311 3,011 - 680 - - - - - - 643 - - - - - -
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 17,731 12,935 17,461 19,789 21,689 31,317 34,857 15,833 27,701 53,908 44,267 34,247 61,429 84,040 109,739 119,232 122,213
Note: BP & Amoco and Exxon and Mobil were mergerd to create BPAmoco (name changed to BP in 2002) and ExxonMobil
         in December 1998 and November 1999 respectively.  Both data series have been adjusted to include the new
         companies from 1980.
         TotalFina merged with Elf Aquitaine in February 2000 to create TotalFinaElf. The name was changed to Total on May
         6, 2003. The data series has been ajusted to include Total up to 97, TotalFina 1999 and the new company from 2000.
         Chevron & Texaco merged to create ChevronTexaco form October 2001. The name was further changed to Chevron
         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.