Chevron Corporate Overview

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Chevron Corporate Overview

  1. 1. Corporate Overview Dave O’Reilly Chairman & CEO March 11, 2008 © 2008 Chevron Corporation
  2. 2. Effective Right Profitable Execution Strategies Growth 2 © 2008 Chevron Corporation
  3. 3. 2007 Highlights Safety improvement Injury Rate continued Base business improvement Major capital projects Refinery upgrades completed Portfolio rationalization 2002 2007 3 © 2008 Chevron Corporation
  4. 4. Strong 2007 Financial Performance Record Earnings $18.7 Billion ROCE 23.1% Capital & Exploratory Spending $20 Billion Year-end Debt Ratio 8.6% Quarterly Dividend Increase 11.5% in 2Q 2007 Shares Repurchased $7 Billion Total Shareholder Return 30.5% 4 © 2008 Chevron Corporation
  5. 5. Delivering Superior Shareholder Returns January 1 – December 31, 2007 35 Chevron TSRs 30.5% 30 (end of 2007) 25.4% 24.3% 25 23.4% 1 yr 30.5% 20 5 yr 27.0% 13.2% 15 10 yr 12.7% 10 15 yr 15.6% 5.4% 5 20 yr 16.1% 0 CVX COP XOM RDS BP S&P 5 © 2008 Chevron Corporation
  6. 6. Today’s Operating Environment Geopolitical Dynamics A New Constrained Growth in Energy Supply Energy Demand Equation Challenged New Resources 6 © 2008 Chevron Corporation
  7. 7. National Petroleum Council Findings: The Hard Truths — Demand Global energy demand will increase by 50-60% through 2030. Coal, oil, and natural gas will remain indispensable to meeting total projected energy demand. 7 © 2008 Chevron Corporation © 2007 National Petroleum Council Report: Facing the Hard Truths About Energy – A Comprehensive View to 2030 of Global Oil and Natural Gas
  8. 8. National Petroleum Council Findings The Hard Truths — Supply The world is not running out of energy resources. However, there are accumulating risks to continuing expansion of conventional oil and natural gas production. Expansion of all economic energy sources will be required, including coal, nuclear, biomass, other renewables, and unconventional oil and natural gas. 8 © 2008 Chevron Corporation © 2007 National Petroleum Council Report: Facing the Hard Truths About Energy – A Comprehensive View to 2030 of Global Oil and Natural Gas
  9. 9. World Economic Growth Shifting to Asia Share of World GDP 2005 2030 37% 54% Asia-Pacific 20% 12% U.S. 22% 13% Europe 21% Rest of World 21% $56 Trillion $165 Trillion Source: Global Insight 9 © 2008 Chevron Corporation
  10. 10. Oil & Gas Demand Up 90% in Asia-Pacific Share of OEG Demand 2005 2030 23% 29% Asia-Pacific 23% 18% U.S. 18% 14% Europe 36% Rest of World 39% 133 million 199 million BOED BOED Source: IEA World Energy Outlook 2007 10 © 2008 Chevron Corporation
  11. 11. Well-Positioned to Address New Energy Equation Strong Asia-Pacific Position Growth in Energy Demand Industry-Leading Project Queue Constrained Exploration Success Supply Refinery Flexibility and Focused Growth Challenged Technology Leadership New Resources Portfolio Diversity Geopolitical Organization Structure Dynamics 11 © 2008 Chevron Corporation
  12. 12. The Right Strategies for Chevron Develop leading Upstream: Grow profitably in core areas and build new integrated positions legacy positions in growth areas of Gas: Commercialize our equity the world resource base while growing a high-impact global business Downstream: Improve returns and selectively grow with a focus on integrated value creation Renewable Energy: Invest in renewable energy technologies and capture profitable positions 12 © 2008 Chevron Corporation
  13. 13. Focus and Execution Are Key Safety and Reliability Capital Stewardship Cost Management 13 © 2008 Chevron Corporation

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