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Q3 Earnings Conference Call and Webcast – Chevron Corp

Chevron Corp · Oct 28, 2011 · 22 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Q3 Earnings Conference Call and Webcast – Chevron Corp – slide 1
    Third Quarter 2011 Earnings Conference Call and Webcast Mike Wirth Executive Vice President, Downstream and Chemicals Pat Yarrington Vice President and Chief Financial Officer Jeanette Ourada General Manager, Investor…
  2. Q3 Earnings Conference Call and Webcast – Chevron Corp – slide 2
    Financial Highlights 3Q11 Earnings 7.8 Billion 3Q11 Earnings per Diluted Share 3.92 ROCE (trailing 12 months thru 9/30/11) 22.2% Debt Ratio (as of 9/30/11) 7.5% 3Q11 Share Repurchases 1.25 Billion Dividend Increase…
  3. Q3 Earnings Conference Call and Webcast – Chevron Corp – slide 3
    (1) Sources and Uses of Cash Billions 3Q11 YTD 2011 15 40 0.1 1.5 2.1 2.7 1.7 30 3.0 1.25 10 4.5 1.5 1.8 20 4.5 11.5 32.0 5 10 19.2 6.8 0 0 Sources Uses Sources Uses (2) Sources of Cash: Cash flow from operations…
  4. Q3 Earnings Conference Call and Webcast – Chevron Corp – slide 4
    (1) Chevron Earnings 3Q11 vs. 2Q11 Millions Downstream Other Upstream -175 -670 942 7,732 7,829 2Q11 3Q11 Earnings Earnings (1) Net income attributable to Chevron Corporation. 2011 Chevron 5
  5. Q3 Earnings Conference Call and Webcast – Chevron Corp – slide 5
    U.S. Upstream Earnings 3Q11 vs. 2Q11 Millions Realizations Volumes -190 Other -105 -147 1,950 1,508 2Q11 3Q11 Earnings Earnings 2011 Chevron 6
  6. Q3 Earnings Conference Call and Webcast – Chevron Corp – slide 6
    International Upstream Earnings 3Q11 vs. 2Q11 Millions Realizations Liftings Other -225 FX Impacts 4,921 UK Tax 152 -250 4,693 -180 275 2Q11 3Q11 Earnings Earnings 2011 Chevron 7
  7. Q3 Earnings Conference Call and Webcast – Chevron Corp – slide 7
    Worldwide Net Oil & Gas Production 3Q11 vs. 2Q11 MBOED Thailand Pipeline Impacts Tropical Storms Base Business -27 -10 Major Capital Projects -64 6 2,694 2,599 2Q11 3Q11 Turnaround activity. 2011 Chevron 8
  8. Q3 Earnings Conference Call and Webcast – Chevron Corp – slide 8
    Positioned for Long Term Growth Net Production YTD 2011 Production: MBOED 2,684 MBOED 3,000 Guidance of 1% CAGR from 2010 to 2014 is unchanged 2,000 1% per year Growth projects on track 2010-2014 Production target of 3.3…
  9. Q3 Earnings Conference Call and Webcast – Chevron Corp – slide 9
    U.S. Downstream Earnings 3Q11 vs. 2Q11 Millions Other Indicator Realized Volume Margins Margins 115 30 704 564 -255 250 2Q11 3Q11 Earnings Earnings 2011 Chevron 10
  10. Q3 Earnings Conference Call and Webcast – Chevron Corp – slide 10
    International Downstream Earnings 3Q11 vs. 2Q11 Millions FX Other Asset 17 Sales 240 Margins 1265 1,282 490 1025 55 480 2Q11 3Q11 Earnings Earnings 2011 Chevron 11
  11. Q3 Earnings Conference Call and Webcast – Chevron Corp – slide 11
    (1) All Other Net Charges 3Q11 vs. 2Q11 Millions -183 Tax -358 Corporate Charges & Other -167 -8 2Q11 Net 3Q11 Net Charges Charges (1) Includes mining operations of coal and other minerals, and power generation.…
  12. Q3 Earnings Conference Call and Webcast – Chevron Corp – slide 12
    Downstream Update 2011 Chevron
  13. Q3 Earnings Conference Call and Webcast – Chevron Corp – slide 13
    Downstream Operational Performance Reliability Solomon Utilization 85% 1 Solomon Utilization ranking 1 1 for 3rd consecutive period 2 3 1 Reducing unplanned 80% shutdown impacts Sustaining high performance in 2011 75%…
  14. Q3 Earnings Conference Call and Webcast – Chevron Corp – slide 14
    Downstream Progress Base Business Improvement Headcount Refining Improvements Thousands vs. 2008 Baseline MM B/T 20 34 % reduction 300 475 10 400 275 0 2008 3Q Target Ratable Capture 2011 through YTD 2011 Note:…
  15. Q3 Earnings Conference Call and Webcast – Chevron Corp – slide 15
    Downstream Progress Countries Exited 21 Logistics Assets Divested 8 UK, Ireland Assets Divested - Pembroke Refinery In Progress: Spain, Africa, Caribbean Cash (B/T) 8B Exit Locations 2005-2011 2011 Chevron 16
  16. Q3 Earnings Conference Call and Webcast – Chevron Corp – slide 16
    Future Growth in Lubricants and Chemicals Saudi Polymer Company Singapore Oronite Plant 1.2 million MT/year Ethylene & Derivatives 120,000 MT/year Additives Mechanical completion Expansion plans announced On track for start-up…
  17. Q3 Earnings Conference Call and Webcast – Chevron Corp – slide 17
    Downstream Competitive Performance 5 4 3.15 per barrel 1 3 4 2 2 4 YTD 2011 Adjusted Earnings* 1 1 0 5 -1 2006 2007 2008 2009 2010 YTD 2011 35% 19% 25% 3 2 15% 4 2 YTD 2011 Adjusted ROCE 2 5% 5 -5% 1 CVX Ranking…
  18. Q3 Earnings Conference Call and Webcast – Chevron Corp – slide 18
    Strategic Progress Thailand Platong II startup Project Sanctions o Australia Wheatstone LNG Environmental permits received Signed SPA & Equity agreement with Kyushu Electric o U.K. Clair Ridge o U.S. GOM Tubular Bells…
  19. Q3 Earnings Conference Call and Webcast – Chevron Corp – slide 19
    Questions Answers 2011 Chevron 20
  20. Q3 Earnings Conference Call and Webcast – Chevron Corp – slide 20
    Appendix Reconciliation of Chevrons Adjusted Earnings TOTAL UPSTREAM YTD 3Q11 2Q11 1Q11 2010 2009 2008 2007 2006 Adjusted Earnings * (MM) 19,049 6,201 6,871 5,977 17,677 10,632 21,619 15,468 13,493 Adjustment Items: Asset…
  21. Q3 Earnings Conference Call and Webcast – Chevron Corp – slide 21
    Reconciliation of Chevrons Adjusted Earnings TOTAL DOWNSTREAM, INCLUDING CHEMICALS YTD 3Q11 2Q11 1Q11 2010 2009 2008 2007 2006 Adjusted Earnings * (MM) 3,152 1,486 1,044 622 2,228 (67) 3,152 2,689 4,161 Adjustment Items: Asset…
  22. Q3 Earnings Conference Call and Webcast – Chevron Corp – slide 22
    Reconciliation of Chevrons Adjusted Earnings TOTAL DOWNSTREAM, EXCLUDING CHEMICALS YTD 3Q11 2Q11 1Q11 2010 2009 2008 2007 2006 Adjusted Earnings * (MM) 2,583 1,294 852 437 1,737 (314) 3,026 2,412 3,680 Adjustment Items: Asset…

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