Item 6. SELECTED FINANCIAL DATA

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Item 6. SELECTED FINANCIAL DATA

The selected financial data for the five-year period ended December 31, 2020 was derived from our audited financial statements. The following table should be read together with Item 7, “MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS” and with the historical financial statements and accompanying notes included in Item 8, “FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA.”

The following summaries are in millions of dollars, except for per share amounts:


	Year Ended December 31,
	2020 (a)		2019		2018		2017 (b)		2016 (c)
Revenues	$	64,912	$	108,324	$	117,033	$	93,980	$	75,659
Net income (loss)	(1,107)		2,784		3,353		4,156		2,417
Earnings (loss) per common share – assuming dilution	(3.50)		5.84		7.29		9.16		4.94
Dividends per common share	3.92		3.60		3.20		2.80		2.40
Total assets	51,774		53,864		50,155		50,158		46,173
Debt and finance lease obligations, less current portion	13,954		9,178		8,871		8,750		7,886

(a)Includes a charge of $224 million related to the liquidation of last-in, first-out (LIFO) inventory layers.

(b)Includes the impact of the Tax Cuts and Jobs Act of 2017 that was enacted on December 22, 2017 and resulted in a net income tax benefit of $1.9 billion.

(c)Includes a noncash LCM inventory valuation adjustment that resulted in a pre-tax benefit of $747 million.

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