Year ended December 31
Millions of dollars, except per-share amounts 2007 2006 2005
1 Includes excise, value-added and similar taxes: $10,121 $9,551 $  8,719
2 Includes amounts in revenues for buy/sell contracts; associated costs are in "Purchased crude oil and products." Refer also to Note 13. $– $6,725 $23,822
See accompanying Notes to the Consolidated Financial Statements.
Revenues and Other Income
Sales and other operating revenues 1,2 $214,091 $204,892 $193,641
Income from equity affiliates 4,144 4,255 3,731
Other income 2,669 971 828
Total Revenues and Other Income 220,904 210,118 198,200
Costs and Other Deductions
Purchased crude oil and products 2 133,309 128,151 127,968
Operating expenses 16,932 14,624 12,191
Selling, general and administrative expenses 5,926 5,093 4,828
Exploration expenses 1,323 1,364 743
Depreciation, depletion and amortization 8,708 7,506 5,913
Taxes other than on income 1 22,266 20,883 20,782
Interest and debt expense 166 451 482
Minority interests 107 70 96
Total Costs and Other Deductions 188,737 178,142 173,003
Income Before Income Tax Expense 32,167 31,976 25,197
Income Tax Expense 13,479 14,838 11,098
Net Income $18,688 $17,138 $14,099
Per-Share of Common Stock
Net Income
- Basic $8.83 $7.84 $6.58
- Diluted $8.77 $7.80 $6.54