| Table 3. Oil and Gas Production and Reserves of Chevron and Texaco, 1999 | |||||
| Chevron | Texaco | Combination of Chevron and Texaco | U.S. Total | Percent of U.S. Total | |
| __________ (million barrels) __________ | |||||
| U.S. crude oil and natural gas liquids production | 115 | 144 | 259 | 2,848 | 9.1% |
| U.S. crude oil and natural gas liquids reserves | 1,072 | 1,782 | 2,854 | 29,671 | 9.6% |
| __________ (billion cubic feet) __________ | |||||
| U.S. natural gas production | 598 | 550 | 1,148 | 18,928 | 6.1% |
| U.S. natural gas reserves | 3,788 | 4,205 | 7,993 | 167,406 | 4.8% |
| Consolidated Companies | Chevron | Texaco | Combination of Chevron and Texaco | Foreign Total | Percent of Foreign Total |
| __________ (million barrels) __________ | |||||
| Foreign crude oil and natural gas liquids production | 204 | 132 | 336 | 23,392 | 1.4% |
| Foreign crude oil and natural gas liquids reserves | 1,951 | 1,152 | 3,103 | 1,004,129 | 0.3% |
| __________ (billion cubic feet) __________ | |||||
| Foreign natural gas production | 263 | 210 | 473 | 63,307 | 0.7% |
| Foreign natural gas reserves | 3,553 | 3,769 | 7,322 | 5,004,394 | 0.1% |
| Consolidated Companies and Equity Affiliates* | Chevron | Texaco | Combination of Chevron and Texaco | Foreign Total | Percent of Foreign Total |
| __________ (million barrels) __________ | |||||
| Foreign crude oil and natural gas liquids production | 296 | 192 | 488 | 23,392 | 2.1% |
| Foreign crude oil and natural gas liquids reserves | 3,712 | 1,698 | 5,410 | 1,004,129 | 0.5% |
| __________ (billion cubic feet) __________ | |||||
| Foreign natural gas production | 315 | 236 | 551 | 63,307 | 0.9% |
| Foreign natural gas reserves | 5,268 | 3,903 | 9,171 | 5,004,394 | 0.2% |
| * In general, an equity affiliate is a subsidiary of a company in which the company has the ability to exercise significant influence over the operating and financial policies of the subsidiary but does not have a controlling interest in the subsidiary. Chevron's and Texaco's upstream equity affiliates do not operate in the United States. | |||||
| Note: Production is for the calendar year 1999, reserves are as of December 31, 1999. | |||||
| Sources: Company information: Chevron, 1999 Annual Report and Texaco Annual Report; U.S. totals: Energy Information Administration, Advance Summary U.S. Crude Oil, Natural Gas, and Natural Gas Liquids Reserves 1999 Annual Report [pdf format], DOE/EIA-0216(99) Advance Summary (Washington, DC, September 2000), Table 1; Worldwide totals: BP Amoco, BP Amoco Statistical Review of World Energy (June 2000), pp. 4, 7, 20, and 23. | |||||