Downstream Mike Wirth Executive Vice President Barclays CEO Energy/Power Conference September 5, 2012 2012 Chevron Corporation
Strong Safety Culture Total Days Away From Work Rate 0.20 Do it safely or not at all. 0.15 There is always 0.10 time to do it right. 0.05 2 2 2 1 1 0.00 2007 2008 2009 2010 2011* 1 CVX Ranking Relative to…
Themes Outlook Competitiveness 2012 Chevron Corporation 4
Fuels Demand Outlook A Very Different Future 2010 2020 Growth 2010 2020 Growth By Region By Product 18% growth 18% growth Europe / FSU Gasoline Africa / ME LPG/Naphtha Americas Asia Distillate Asia is the primary Distillate…
Petrochemicals and Lubricants Demand The Emerging Consumers 2010 2020 Growth 2010 2020 Growth Petrochemicals Premium Base Oils 41% growth 83% growth Europe / FSU Africa / ME Americas Europe / FSU Africa / ME Americas Asia…
Themes Outlook Competitiveness 2012 Chevron Corporation 7
Strategy Focused on Improving Returns Improve returns Operational Excellence and grow earnings Focused refining and marketing portfolio across the value chain Asset scale, flexibility, complexity Targeted growth 2012 Chevron…
Advantaged Fuels Footprint 72% of Chevron Refining Equivalent Distillation Capacity Equivalent Distillation Capacity Million Barrels Per Day Pacific Rim 15 10 5 0 Rest of World 40 30 20 Chevron Refineries 10 0…
Pascagoula Refinery Scale, complexity and Fuels, petrochemicals and base oils diversified product slate Latin America/Atlantic Basin exports Equity crude integration 330 MBD capacity Feedstock flexibility 1st quartile…
Pascagoula Base Oil Plant 1.4 billion investment Premium Base Oil Capacity by end of 2013 Design capacity: 25 MBD MBD Project completion: 2013* 60 Proprietary technology RDS 40 XOM S-Oil SK 20 0 Project Sanctioned *…
West Coast Refining Large, integrated system Hydrocracking for distillate growth Largest base oil producer 525 MBD capacity Asia and Latin America exports 1st quartile Energy Efficiency and Net Cash Margin Proprietary No.1…
West Coast Marketing Retail fuels market leader California sales increasing even as demand falls* Brand leadership Unsurpassed Techron technology Profitable sales growth +6% Chevron Sales -2% Demand Source: NPD Group…
Downstream & Chemicals in Asia Pacific Well-positioned to supply growing markets World-class manufacturing Long standing partnerships Supply chain optimization Singapore Refinery Lubricants/Chemicals Marketing 2012…
GS Caltex Yeosu, South Korea 4th largest refinery in the world Solomon Utilization Yeosu vs. Competitor Range 3rd largest aromatics plant in 100 Yeosu the world 80 Competitor Range Fuels, petrochemicals and (Solomon Asia…
Chevron Phillips Chemical Company First quartile peer Access to low cost feedstock return-on-assets Ethylene Cash Cost /MT Largest IOC petrochemical Asia Europe N. America Naphtha producer in Middle East 1,000 New Gulf…
Chevron Phillips US Gulf Coast Projects Cedar Bayou Complex Sweeny Chemical Baytown, Texas Old Ocean, Texas Hexene Plant Polyethylene Units 250 kMTA 1-Hexene 500 kMTA high density Status: Construction 500 kMTA low density…
Chevron Oronite World-scale plants in major Singapore Additives Plant demand regions Largest additives plant in Asia Technology leadership Expanding to meet demand growth Projected startup: 2014 Investing in Asia Capacity:…
Chevron Lubricants Unique portfolio enables Premium Base Oil strong results High quality basestock Strong financial performance Performance advantages Wide range of applications Positioned to capture growth in Asia Pacific Delo…
Portfolio Optimization Relative Capital Employed Growth in higher return Other Lubricants segments Chemicals Conscious investment shift Refining & Marketing Portfolio balance 2011 2014 2012 Chevron Corporation 21
Well-Positioned for Today and the Future Competitive Positioned Sustaining Top-Tier Assets for Growth Performance Operational Asia Safety excellence Chemicals Reliability Technology Lubricants Profitability Advantaged…
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