CHEVRON CORP | 2013 | FY | 3


The reconciliation between the U.S. statutory federal income tax rate and the company’s effective income tax rate is detailed in the following table:
 
Year ended December 31
 
 
 
2013

 
 
 
2012

 
 
2011

 
U.S. statutory federal income tax rate
35.0

%
 
 
35.0

%
 
35.0

%
Effect of income taxes from international operations at rates different from the U.S. statutory rate
5.1

 
 
 
7.8

 
 
7.5

 
State and local taxes on income, net of U.S. federal income tax benefit
0.6

 
 
 
0.6

 
 
0.9

 
Prior-year tax adjustments
(0.8
)
 
 
 
(0.2
)
 
 
(0.1
)
 
Tax credits
(0.5
)
 
 
 
(0.4
)
 
 
(0.4
)
 
Effects of changes in tax rates

 
 
 
0.3

 
 
0.5

 
Other
0.5

 
 
 
0.1

 
 
(0.1
)
 
Effective tax rate
39.9

%
 
 
43.2

%
 
43.3

%

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