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28 Chevron Corporation 2013 Annual Report
Management’s Responsibility for Financial Statements
To the Stockholders of Chevron Corporation
Management of Chevron is responsible for preparing the accompanying consolidated nancial statements and the related informa-
tion appearing in this report. e statements were prepared in accordance with accounting principles generally accepted in the
United States of America and fairly represent the transactions and nancial position of the company. e nancial statements
include amounts that are based on management’s best estimates and judgments.
As stated in its report included herein, the independent registered public accounting rm of PricewaterhouseCoopers LLP
has audited the company’s consolidated nancial statements in accordance with the standards of the Public Company Accounting
Oversight Board (United States).
e Board of Directors of Chevron has an Audit Committee composed of directors who are not ocers or employees of the
company. e Audit Committee meets regularly with members of management, the internal auditors and the independent registered
public accounting rm to review accounting, internal control, auditing and nancial reporting matters. Both the internal auditors
and the independent registered public accounting rm have free and direct access to the Audit Committee without the presence of
management.
Management’s Report on Internal Control Over Financial Reporting
e company’s management is responsible for establishing and maintaining adequate internal control over nancial reporting,
as such term is dened in Exchange Act Rule 13a-15(f). e company’s management, including the Chief Executive Ocer and
Chief Financial Ocer, conducted an evaluation of the eectiveness of the company’s internal control over nancial reporting
based on Internal Control – Integrated Framework (1992) issued by the Committee of Sponsoring Organizations of the Treadway
Commission (COSO). Based on the results of this evaluation, the company’s management concluded that internal control over
nancial reporting was eective as of December 31, 2013.
On May 14, 2013, COSO published an updated Internal Control - Integrated Framework (2013) and related illustrative docu-
ments. As of December 31, 2013, the company is utilizing the original framework published in 1992. e transition period for
adoption of the updated framework ends December 15, 2014.
e eectiveness of the company’s internal control over nancial reporting as of December 31, 2013, has been audited by
PricewaterhouseCoopers LLP, an independent registered public accounting rm, as stated in its report included herein.
John S. Watson Patricia E. Yarrington Matthew J. Foehr
Chairman of the Board Vice President Vice President
and Chief Executive Ocer and Chief Financial Ocer and Comptroller
February 21, 2014