Norman Hansen General Manager, Strategy and Planning Chevron Africa and Latin America Exploration and Production Jefferies Global Energy Conference November 12, 2013 2013 Chevron U.S.A. Inc. All rights reserved.
Differentiated Operational Excellence Total Days Away From Work Rate OE ensures safe, reliable and Incidents per 200,000 worked hours 0.20 efficient operations Protects people, property and 0.10 2 2 the environment 0.00 1 1 1…
Significant New Oil Production Required Global Liquids Supply and Demand Over 390 Billion barrels of Million Barrels Oil Per Day 120 new oil production by 2035 Global Liquids Demand New Production New oil production will come…
Growing Role of Shale and Tight Resources Global Natural Gas Supply Trillion Cubic Feet Per Year 2010 2035 14% 13% 18% 111 TCF Conventional N.A. Unconventional* 173 TCF Intl Unconventional* *Includes Shale Gas, Tight Gas,…
A Strong Worldwide Portfolio 724 MBOED 579 MBOED 2012 Net Production By Region North America Europe, Eurasia and Middle East 2.6 MMBOED 2012 Proved Reserves By Region 612 MBOED 695 MBOED Africa & Latin America…
Superior Financial Performance YTD 2013 Adjusted Upstream Adjusted Earnings Per Barrel Earnings per barrel of /BOE 30 23.33 1 1 1 1 Chevron outperformed 20 nearest IOC by 1 5 per bbl 2 10 Leading performance driven by 0…
Continued Growth From Major Capital Project Startups Between 2013 and 2017 Project Startups Project Startups 50 250MM Chevron Share 16 1B Chevron Share Clair Ridge Hebron Stampede Chuandongbei Jack/St. Malo Stage 1 and 2 Big…
Chevron Africa and Latin America Exploration & Production One of the largest IOCs in the region* 2012 Proved reserves: 2.6 BBOE 2012 Total resource** base: 16.2 BBOE 2012 Net production 612 MBOED Operations and significant…
Africa and Latin America Major Capital Project Startups Through 2017 Project Startups Project Startups 10 250MM Chevron Share 5 1B Chevron Share EGTL Moho Nord Mafumeira Sul Angola LNG Projects 1B Chevron share Papa -Terra…
Africa and Latin America Diverse Portfolio with Robust Investment Opportunities 2012 Production 612 MBOED Estimated 2013 to 2017 C&E* spend by asset class LNG Conventional Shale and Tight Heavy Oil Conventional Deepwater…
Latin America Well positioned in areas with world-class resources and growth opportunities: Argentina, Brazil, Trinidad and Tobago, and Venezuela Portfolio includes heavy oil, deepwater, conventional & unconventional oil and…
Nigeria and Mid-Africa Strong and diverse asset portfolio in Nigeria and Chad Portfolio includes deepwater, conventional oil and gas, and gas-to-liquids 2012 Net Production: 293 MBOED 2013 Chevron U.S.A. Inc. All rights…
Southern Africa Operations in Angola, Democratic Republic of the Congo, and the Republic of the Congo Portfolio includes deepwater, conventional oil and gas, and LNG 2012 Net Production: 159 MBOED 2013 Chevron U.S.A. Inc.…
Near-term Growth from a Diverse Portfolio of MCPs Angola LNG Papa-Terra EGTL First LNG Cargo in 2013 Startup in late 2013 Startup in late 2013 10B investment Production capacity of 9.5B investment Greenfield 1 x 5.2 140 MBOED Peak…
Mid-term Growth Moho Nord Mafumeira Sul Vaca Muerta Largest oil and gas project Second-stage development World-class resource; Oil and in the Republic of the Congo of Mafumeira Field in Block 0 liquids rich gas 10B investment…
Exploration Areas Liberia: 45% interest in three blocks, 2.0 million acres Morocco: 75% interest in three deepwater areas, 7.2 million acres Sierra Leone: 55% interest in two deepwater blocks, 1.4 million acres Suriname: 50%…
Key Messages Demand outlook provides both challenges and opportunities Africa and Latin America key contributors to Chevrons profitable growth aspirations Chevron is well positioned for the future Industry leading financial…
Discussion 2013 Chevron U.S.A. Inc. All rights reserved.
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