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56 Chevron Corporation 2008 Annual Report
Management’s Responsibility for Financial Statements
To the Stockholders of Chevron Corporation
Management of Chevron is responsible for preparing the accompanying consolidated financial statements and the related informa-
tion appearing in this report. The statements were prepared in accordance with accounting principles generally accepted in the
United States of America and fairly represent the transactions and financial position of the company. The financial statements
include amounts that are based on management’s best estimates and judgment.
As stated in its report included herein, the independent registered public accounting firm of PricewaterhouseCoopers LLP
has audited the company’s consolidated financial statements in accordance with the standards of the Public Company Accounting
Oversight Board (United States).
The Board of Directors of Chevron has an Audit Committee composed of directors who are not officers or employees of the
company. The Audit Committee meets regularly with members of management, the internal auditors and the independent reg-
istered public accounting firm to review accounting, internal control, auditing and financial reporting matters. Both the internal
auditors and the independent registered public accounting firm have free and direct access to the Audit Committee without the
presence of management.
Management’s Report on Internal Control Over Financial Reporting
The company’s management is responsible for establishing and maintaining adequate internal control over financial reporting,
as such term is defined in Exchange Act Rule 13a-15(f). The company’s management, including the Chief Executive Officer and
Chief Financial Officer, conducted an evaluation of the effectiveness of the company’s internal control over financial reporting
based on the Internal Control – Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway
Commission. Based on the results of this evaluation, the company’s management concluded that internal control over financial
reporting was effective as of December 31, 2008.
The effectiveness of the company’s internal control over financial reporting as of December 31, 2008, has been audited by
PricewaterhouseCoopers LLP, an independent registered public accounting firm, as stated in its report included herein.
David J. O’Reilly Patricia E. Yarrington Mark A. Humphrey
Chairman of the Board Vice President Vice President
and Chief Executive Officer and Chief Financial Officer and Comptroller
February 26, 2009