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Analyze the figure showing Long Term Debt for CVX and XOM. Calculate the trend for both companies. Briefly explain the ratio and interpret the values

Analyze the figure showing Long Term Debt for CVX and XOM. Calculate the trend for both companies. Briefly explain the ratio and interpret the values for the companies.

Long Term Debt (LTD) $mill

LTD CVX XOM
2019 23691 26342
2020 42767 47182
2021 31113 43428
2022 21375 40559
2023 22000 36500
Trend

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