1) Prepare vertical common-size income statements and balance sheets for the company

**2016 Balance Sheet information should only be used for ratios**

2019 Millions 2018 Millions 2017 Millions 2016 Millions Report Date Scale Assets Cash & cash equivalents Marketable securities Accounts & notes receivable, net Total inventories Prepaid expenses & other current assets Total current assets Long-term receivables, net Investments Property, plant & equipment, net Deferred charges & other assets Goodwill Assets held for sale Total assets 5,686 63 13,325 5,848 3,407 28,329 1,511 38,688 150,494 10,532 4,463 3,411 237,428 10,292 53 15,050 5,704 2,922 34,021 1,942 35,546 169,207 6,766 4,518 1,863 253,863 4,813 9 15,353 5,585 2,800 28,560 2,849 32,497 177,712 7,017 4,531 640 253,806 6,988 13 14,092 5,419 3,107 29,619 2,485 30,250 182, 186 6,838 4,581 4,119 260,078 Liabilities Short-term debt Accounts payable Accrued liabilities Federal & other taxes on income Other taxes payable Total current liabilities Total long-term debt, net of current portion Capital lease obligations Deferred credits & other noncurrent obligations Noncurrent deferred income taxes Noncurrent employee benefit plans Reserves for employee benefit plans Total liabilities 3,282 14,103 6,589 1,554 1,002 26,530 23,691 5,726 13,953 4,927 1,628 937 27,171 28.733 5,192 14,565 5,267 1,600 1,113 27,737 33,477 94 21,106 14,652 10,840 13,986 4,882 1,050 1,027 31,785 35,193 93 21,553 17,516 20,445 13,688 7.866 19,742 15,921 6,654 7,421 104,487 7,216 113,356 92,220 98,221 Stockholders' Equity Common stock Capital in excess of par value Retained earnings Accumulated other comprehensive income (loss) Deferred compensation & benefit plan trust Treasury stock, at cost Noncontrolling interests Total equity 1,832 17.265 174,945 (4,990) (240) (44,599) 995 145,208 1,832 17.112 180,987 (3,544) (240) (41,593) 1,088 155,642 1,832 16,848 174.106 (3,589) (240) (40,833) 1,195 149,319 1,832 16,595 173,046 (3,843) (240) (41,834) 1,166 146,722 Report Date Scale Net Sales Income (loss) from equity affiliates Other income Total revenues & other income Cost of sales Operating expenses Selling, general & administrative expenses Exploration expenses Depreciation, depletion & amortization expenses Taxes other than on income Interest & debt expense Other components of net periodic benefit costs Income before income tax expense Income tax expense (benefit) Income after income tax expense Less: Net income (loss) attributable to noncontrolling interes Net income (loss) 2019 Millions 139,865 3,968 2,683 146,516 80,113 21,385 4,143 770 29,218 4,136 798 417 5,536 2,691 2,845 79 2,924 2018 Millions 158,902 6,327 1,110 166,339 94,578 20,544 3,838 1,210 19,419 4.867 748 560 20,575 5,715 14,860 (36) 14,824 2017 Millions 134,674 4,438 2,610 141,722 75,765 19,437 4,448 864 19,349 12,331 307 9,221 (48) 9,269 (74) 9,195 1 2019 Accounts & notes receivable, gross 14,071 Allowance for doubtful accounts 746 Property, plant & equipment, at cost 326,722 5 Less accumulated depreciation, depletion & amortizatio 176,228 Net cash flows from operating activities 27,314 Weighted average shares outstanding-basic 1882 3 Year end shares outstanding 1882.168 Tax Rate 35% 0 1 2018 15,919 869 340,244 171,037 30,618 1897 1902.838 35% 2017 15,843 490 344,485 166,773 20,515 1882 1904.702 35% H 2016 14,465 373 336,077 153,891 12,846 2019 Millions 2018 Millions 2017 Millions 2016 Millions Report Date Scale Assets Cash & cash equivalents Marketable securities Accounts & notes receivable, net Total inventories Prepaid expenses & other current assets Total current assets Long-term receivables, net Investments Property, plant & equipment, net Deferred charges & other assets Goodwill Assets held for sale Total assets 5,686 63 13,325 5,848 3,407 28,329 1,511 38,688 150,494 10,532 4,463 3,411 237,428 10,292 53 15,050 5,704 2,922 34,021 1,942 35,546 169,207 6,766 4,518 1,863 253,863 4,813 9 15,353 5,585 2,800 28,560 2,849 32,497 177,712 7,017 4,531 640 253,806 6,988 13 14,092 5,419 3,107 29,619 2,485 30,250 182, 186 6,838 4,581 4,119 260,078 Liabilities Short-term debt Accounts payable Accrued liabilities Federal & other taxes on income Other taxes payable Total current liabilities Total long-term debt, net of current portion Capital lease obligations Deferred credits & other noncurrent obligations Noncurrent deferred income taxes Noncurrent employee benefit plans Reserves for employee benefit plans Total liabilities 3,282 14,103 6,589 1,554 1,002 26,530 23,691 5,726 13,953 4,927 1,628 937 27,171 28.733 5,192 14,565 5,267 1,600 1,113 27,737 33,477 94 21,106 14,652 10,840 13,986 4,882 1,050 1,027 31,785 35,193 93 21,553 17,516 20,445 13,688 7.866 19,742 15,921 6,654 7,421 104,487 7,216 113,356 92,220 98,221 Stockholders' Equity Common stock Capital in excess of par value Retained earnings Accumulated other comprehensive income (loss) Deferred compensation & benefit plan trust Treasury stock, at cost Noncontrolling interests Total equity 1,832 17.265 174,945 (4,990) (240) (44,599) 995 145,208 1,832 17.112 180,987 (3,544) (240) (41,593) 1,088 155,642 1,832 16,848 174.106 (3,589) (240) (40,833) 1,195 149,319 1,832 16,595 173,046 (3,843) (240) (41,834) 1,166 146,722 Report Date Scale Net Sales Income (loss) from equity affiliates Other income Total revenues & other income Cost of sales Operating expenses Selling, general & administrative expenses Exploration expenses Depreciation, depletion & amortization expenses Taxes other than on income Interest & debt expense Other components of net periodic benefit costs Income before income tax expense Income tax expense (benefit) Income after income tax expense Less: Net income (loss) attributable to noncontrolling interes Net income (loss) 2019 Millions 139,865 3,968 2,683 146,516 80,113 21,385 4,143 770 29,218 4,136 798 417 5,536 2,691 2,845 79 2,924 2018 Millions 158,902 6,327 1,110 166,339 94,578 20,544 3,838 1,210 19,419 4.867 748 560 20,575 5,715 14,860 (36) 14,824 2017 Millions 134,674 4,438 2,610 141,722 75,765 19,437 4,448 864 19,349 12,331 307 9,221 (48) 9,269 (74) 9,195 1 2019 Accounts & notes receivable, gross 14,071 Allowance for doubtful accounts 746 Property, plant & equipment, at cost 326,722 5 Less accumulated depreciation, depletion & amortizatio 176,228 Net cash flows from operating activities 27,314 Weighted average shares outstanding-basic 1882 3 Year end shares outstanding 1882.168 Tax Rate 35% 0 1 2018 15,919 869 340,244 171,037 30,618 1897 1902.838 35% 2017 15,843 490 344,485 166,773 20,515 1882 1904.702 35% H 2016 14,465 373 336,077 153,891 12,846