CONSOLIDATED BALANCE SHEET
(millions of dollars)
2016
2015
Assets
2016
2015
Current assets
2016
2015
Cash and cash equivalents
3,657
3,705
Notes and accounts receivable
21,394
19,875
Inventories: Crude oil, products and merchandise
10,877
12,037
Materials and supplies
4,203
4,208
Other current assets
1,285
2,798
Total current assets
41,416
42,623
Crude oil, products and merchandise inventories are carried at
the lower of current market value or cost (generally determined
under the last-in, first-out method – LIFO). Inventory costs
include...