Choose one of these two public companies, Chevron Corp (CVX stock symbol) or Phillips 66 (PSX stock symbol), look up their 12/31/22 annual 10k financial reports, perform research, analysis, and comparisons as instructed below with a two-page report that addresses the following:

In terms of Commitments and Contingencies disclosed in each companys financial statement notes, choose one important issue for each company, and discuss the implications of that issue for a potential institutional lender and what they should consider before making a any lending decision. Incorporate financial ratios into your analysis, as applicable.