At December 31
Millions of dollars, except per-share amounts 2007 2006
See accompanying Notes to the Consolidated Financial Statements.
Assets
Cash and cash equivalents $7,362 $10,493
Marketable securities 732 953
Accounts and notes receivable (less allowance: 2007 — $165; 2006 — $175) 22,446 17,628
Inventories:
Crude oil and petroleum products 4,003 3,586
Chemicals 290 258
Materials, supplies and other 1,017 812
Total inventories 5,310 4,656
Prepaid expenses and other current assets 3,527 2,574
Total Current Assets 39,377 36,304
Long-term receivables, net 2,194 2,203
Investments and advances 20,477 18,552
Properties, plant and equipment, at cost 154,084 137,747
Less: Accumulated depreciation, depletion and amortization 75,474 68,889
Properties, plant and equipment, net 78,610 68,858
Deferred charges and other assets 3,491 2,088
Goodwill 4,637 4,623
Total Assets $148,786 $132,628
Liabilities and Stockholders' Equity
Short-term debt $1,162 $2,159
Accounts payable 21,756 16,675
Accrued liabilities 5,275 4,546
Federal and other taxes on income 3,972 3,626
Other taxes payable 1,633 1,403
Total Current Liabilities 33,798 28,409
Long-term debt 5,664 7,405
Capital lease obligations 406 274
Deferred credits and other noncurrent obligations 15,007 11,000
Noncurrent deferred income taxes 12,170 11,647
Reserves for employee benefit plans 4,449 4,749
Minority interests 204 209
Total Liabilities 71,698 63,693
Preferred stock (authorized 100,000,000 shares, $1.00 par value; none issued) – –
Common stock (authorized 4,000,000,000 shares, $0.75 par value; 2,442,676,580
shares issued at December 31, 2007 and 2006)		 1,832 1,832
Capital in excess of par value 14,289 14,126
Retained earnings 82,329 68,464
Notes receivable — key employees (1) (2)
Accumulated other comprehensive loss (2,015) (2,636)
Deferred compensation and benefit plan trust (454) (454)
Treasury stock, at cost (2007 — 352,242,618 shares; 2006 — 278,118,341 shares) (18,892) (12,395)
Total Stockholders' Equity 77,088 68,935
Total Liabilities and Stockholders' Equity $148,786 $132,628