Question
Using these two public companies, Chevron Corp (CVX stock symbol) and Phillips 66 (PSX stock symbol), look up their 12/31/22 annual 10k financial reports, perform
Using these two public companies, Chevron Corp (CVX stock symbol) and 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:
Make a summary table of cash flows of the two companies for cash provided by or used in: 1. operating activities; 2. investing activities; and 3. financing activities, for each of the three years presented in the 2022 financial statements along with a total combining all three years. Discuss with your reasoning whether cash flow from operations is adequate to fund both investing and financing activities and if not, how each company is financing its activities. Address the differences and similarities between the companies.
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