strategic-management

286 LINDA HERKENHOFF
EXHIBIT 4 Consolidated Balance Sheet
(millions of dollars) 2008 2007 2006
Assets
Cash and cash equivalents $ 9,347 $ 7,362 $ 10,493
Marketable securities 213 732 953
Accounts and notes receivable, net
inventories
15,856 22,446 17,628
Crude oil and petroleum products 5,175 4,003 3,586
Chemicals 459 290 258
Materials, supplies and other 1,220 1,017 812
Total inventories
Prepaid expenses and other
6,854 5,310 4,656
current assets 2,200 3,527 2,574
Total Current Assets 36,470 39,377 36,304
Long-term receivables, net 2,431 2,194 2,203
Investments and advances
Properties, plant and equipment
20,920 20,447 18,552
at cost
Less: Accumulated depreciation,
173,299 154,084 137,747
depletion and amortization 81,519 75,474 68,889
Net properties, plant and equipment 91,780 78,610 68,858
Deferred charges and other assets 4,711 3,491 2,088
Goodwill 4,619 4,637 4,623
Assets held for sale 252 — —
Total Assets
Liabilities and Stockholder’s Equity
$ 161,165 $ 148,786 $ 132,628
Short-term debt $ 2,818 $ 1,162 $ 2,159
Accounts payable 16,580 21,756 16,675
Accrued liabilities 8,077 5,275 4,546
Federal and other taxes on income 3,079 3,972 3,626
Other taxes payable 1,469 1,633 1,403
Total Current Liabilities
Long-term debt and capital
32,023 33,789 28,409
lease obligations
Deferred credits and other
6,083 6,070 7,679
noncurrent obligations 17,678 15,007 11,000
Noncurrent deferred income taxes 11,539 12,170 11,647
Reserves for employee benefit plans 6,725 4,449 4,749
Minority interests 469 204 209
Total Liabilities 74,517 71,698 63,693
Stockholders’ Equity
Total Liabilities and
86,648 77,088 68,935
Stockholders’ Equity $ 161,165 $ 148,786 $ 132,628
Source: Adapted from Chevron, Annual Report Supplement (2008).