Chevron 2015 Annual Report Download - page 31

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Management’s Responsibility for Financial Statements
To the Stockholders of Chevron Corporation
Management of Chevron Corporation is responsible for preparing the accompanying consolidated financial statements and
the related information 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 judgments.
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 registered 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.
The company’s management has evaluated, with the participation of the Chief Executive Officer and Chief Financial
Officer, the effectiveness of the company’s disclosure controls and procedures (as defined in the Exchange Act Rules 13a-
15(e) and 15d-15(e)) as of December 31, 2015. Based on that evaluation, management concluded that the
company’s disclosure controls are effective in ensuring that information required to be recorded, processed, summarized
and reported, are done within the time periods specified in the U.S. Securities and Exchange Commission’s rules and
forms.
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 defined in the Exchange Act Rules 13a-15(f) and 15d-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 (2013) 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 financial reporting was effective as of December 31,
2015.
The effectiveness of the company’s internal control over financial reporting as of December 31, 2015, has been audited by
PricewaterhouseCoopers LLP, an independent registered public accounting firm, as stated in its report included herein.
John S. Watson Patricia E. Yarrington Jeanette L. Ourada
Chairman of the Board Vice President Vice President
and Chief Executive Officer and Chief Financial Officer and Comptroller
February 25, 2016
Chevron Corporation 2015 Annual Report 29