Presented below are selected financial statement data for three global energy firms:

Required
1. Compare the three firms in terms of their size and their financing strategy.
2. Evaluate the performance of the three firms. Was performance linked to firm size?

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(amounts in millions) Balance sheet Total assets Chevron ConocoPhillips Marathon Oil Corporation Corporation Corporation $266,103 $97,484 $32,311 Short-term debt. 4,928 1,427 1,729 Long-term debt 33,584 23,453 7,276 Total debt. 112,217 57,402 13,758 Shareholders' equity 153,886 40,082 18,553 Income statement Revenues...... Net income.. Cash flow from operations. Ratios $129,925 $29,564 $ 4,951 4,710 (4,371) (2,204) 19,456 7,572 1,565 Receivable collection period. 36.1 days 55.7 days 67.2 days Inventory-on-hand period 33.1 days 33.0 days 67.4 days Long-term debt to total assets 12.6% 24.1% 22.5% Return on assets.. 1.8% (4.5)% Return on equity 3.1% (10.9)% (6.8)% (11.9)%