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3) Below is a company's income statement. State the type of company represented by the financial statement (upstream, midstream, or downstream). (2 points) 3b) Does the company use successful efforts or full-cost accounting? How do you know? (2 points) Consolidated Sustements of Income 2003 Med her Sales Multi Income from paynethelesne 2,10 Terme Cons! Marketing, 2.15 2.0 NS 10 Deprecated Im Tone who General ler 2171 Imre seg peremees Per larger UM we 1. 91 2 1. 1951 ) Below is a company's income statement. State the type of company represented by the financial statement (upstream, midstream, or downstream). (2 points) 3b) Does the company use successful efforts or full-cost accounting? How do you know? (2 points) Consolidated Statements of income Yowed 2014 2015 00 4511 ST 21 41 130 fleto Menteri Spedig Mart Mondo Other Tulemund the Chand Marketing ang passion and pres Oh ple 10 2, 21 24 54 112 Taschet General Tulce larrumpereen New Incercatining per belle CA 1. 21 he 1 lamper der Consolidated Statements of Income 2015 Year Ended December 31, 2014 2013 4,951 $ 571 145 120 74 5,861 8,736 2,110 424 (90) 78 11,258 9,246 2,079 423 (29) 64 11.783 (In millions, except per share data) Revenues and other income: Sales and other operating revenues, including related party Marketing revenues Income from equity method investments Net gain (loss) on disposal of assets Other income Total revenues and other income Costs and expenses: Production Marketing, including purchases from related parties Other operating Exploration Depreciation, depletion and amortization Impairments Taxes other than income General and administrative Total costs and expenses Income (loss) from operations Net interest and other Income (loss) from continuing operations before income taxes Provision (benefit) for income taxes Income (loss) from continuing operations Discontinued operations Net income (less) 1,694 569 438 1,318 2,957 752 234 590 8,552 (2,691) (267) (2,958) (754) (2,204) 2,246 2,105 462 793 2,861 132 406 654 9,659 1,599 (238) 1,361 392 969 2,077 3,046 2,156 2,076 389 891 2,500 96 345 659 9,112 2,671 (278) 2,393 931 822 1,753 (2,204) $ 3) Below is a company's income statement. State the type of company represented by the financial statement (upstream, midstream, or downstream). (2 points) 3b) Does the company use successful efforts or full-cost accounting? How do you know? (2 points) Consolidated Sustements of Income 2003 Med her Sales Multi Income from paynethelesne 2,10 Terme Cons! Marketing, 2.15 2.0 NS 10 Deprecated Im Tone who General ler 2171 Imre seg peremees Per larger UM we 1. 91 2 1. 1951 ) Below is a company's income statement. State the type of company represented by the financial statement (upstream, midstream, or downstream). (2 points) 3b) Does the company use successful efforts or full-cost accounting? How do you know? (2 points) Consolidated Statements of income Yowed 2014 2015 00 4511 ST 21 41 130 fleto Menteri Spedig Mart Mondo Other Tulemund the Chand Marketing ang passion and pres Oh ple 10 2, 21 24 54 112 Taschet General Tulce larrumpereen New Incercatining per belle CA 1. 21 he 1 lamper der Consolidated Statements of Income 2015 Year Ended December 31, 2014 2013 4,951 $ 571 145 120 74 5,861 8,736 2,110 424 (90) 78 11,258 9,246 2,079 423 (29) 64 11.783 (In millions, except per share data) Revenues and other income: Sales and other operating revenues, including related party Marketing revenues Income from equity method investments Net gain (loss) on disposal of assets Other income Total revenues and other income Costs and expenses: Production Marketing, including purchases from related parties Other operating Exploration Depreciation, depletion and amortization Impairments Taxes other than income General and administrative Total costs and expenses Income (loss) from operations Net interest and other Income (loss) from continuing operations before income taxes Provision (benefit) for income taxes Income (loss) from continuing operations Discontinued operations Net income (less) 1,694 569 438 1,318 2,957 752 234 590 8,552 (2,691) (267) (2,958) (754) (2,204) 2,246 2,105 462 793 2,861 132 406 654 9,659 1,599 (238) 1,361 392 969 2,077 3,046 2,156 2,076 389 891 2,500 96 345 659 9,112 2,671 (278) 2,393 931 822 1,753 (2,204) $

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