https://chevroncorp.gcs-web.com/static-files/69451f3b-d3c5-4f6f-9a99-22dca3b2410c

Income statement analysis for Chevron's 10k:

• Trends, changes:
• Is there potential for misstated revenues?
• Is there potential for misstated expenses?
• Analysis of revenue recognition, potential for returns, recalls
• Analysis of expenses, % of sales, depreciation/amortization/deferral assumptions
• Analysis of "non-recurring" and cut-from-pro-forma expenses

Balance Sheet Analysis for Chevron 2021 10K

• Are there any overstated assets?
• Are there any understated liabilities?
• Receivables (relative to sales, allowance, trends)
• Inventory (relative to sales, gross margins, methods, trends)
• Long term assets
• Financial obligations

1. What are key drivers of financial performance?
2. How is the firm performing over time? Start with DuPont ROE Decomposition