Second Quarter 2012 Earnings Conference Call and Webcast George Kirkland Vice Chairman and Executive Vice President, Upstream and Gas Pat Yarrington Vice President and Chief Financial Officer Jeanette Ourada General Manager,…
Financial Highlights 2Q12 Earnings 7.2 Billion 2Q12 Earnings per Diluted Share 3.66 ROCE (trailing 12 months thru 6/30/12) 19.8% Debt Ratio (as of 6/30/12) 7.3% 2Q12 Share Repurchases 1.25 Billion 2012 Chevron…
(1) Sources and Uses of Cash Billions 2Q12 2012 YTD 12 0.2 20 0.6 0.7 1.2 1.0 2.5 1.25 15 3.3 1.8 6 10 18.3 9.9 13.0 7.1 5 0 0 Sources Uses Sources Uses (2) Sources of Cash: Cash flow from operations Net debt…
(1) Chevron Earnings 2Q12 vs. 1Q12 Millions Other Downstream 213 Upstream -551 1,077 7,210 6,471 1Q12 2Q12 Earnings Earnings (1) Net income attributable to Chevron Corporation. 2012 Chevron Corporation 5
U.S. Upstream Earnings 2Q12 vs. 1Q12 Millions Realizations Volumes Other -145 40 -106 1,529 1,318 1Q12 2Q12 Earnings Earnings 2012 Chevron Corporation 6
International Upstream Earnings 2Q12 vs. 1Q12 Millions Realizations FX Other -70 Liftings 4,642 -525 Opex -130 -40 425 4,302 1Q12 2Q12 Earnings Earnings 2012 Chevron Corporation 7
Worldwide Net Oil & Gas Production 2Q12 vs. 1Q12 MBOED Price Base Business Effects Frade Major Capital & External Projects Constraints 7 -25 -30 41 2,631 2,624 1Q12 2Q12 2012 Chevron Corporation 8
U.S. Downstream Earnings 2Q12 vs. 1Q12 Millions Timing Effects Other Margins Opex -27 -35 130 275 802 459 1Q12 2Q12 Earnings Earnings 2012 Chevron Corporation 9
International Downstream Earnings 2Q12 vs. 1Q12 Millions Inventory Asset Other Effects Sales -15 119 Margins 325 1,079 1,079 305 345 1Q12 2Q12 Earnings Earnings 2012 Chevron Corporation 10
(1) All Other Net Charges 2Q12 vs. 1Q12 Millions -291 Corporate Charges & -504 Other Tax 136 77 1Q12 Net 2Q12 Net Charges Charges (1) Includes mining operations of coal and other minerals, and power generation.…
Key 2012 Production Drivers Frade: Lower than plan due to field shut in Phased restart after completing subsurface evaluations and obtaining regulatory approvals TCO: Weather and Russian rail maintenance Planned turnaround of…
Current Exploration Activity and Acreage Additions Poland Ukraine Duvernay Marcellus & Wolfcamp Utica Longli (China) & Avalon GOM DW and Shelf Suriname Kurdistan GOM DW Region and Shelf Liberia Nigeria Australia…
Progressing Major Capital Projects Rosebank TCO Future Growth Mad Dog II Tahiti 2 Caesar/Tonga Bibiyana Expansion Vietnam Gas Agbami 2 PZ Stage 1 Usan Angola ALNG Gorgon T4 2012 Milestones Mafumeira Sul Greater Vanza/…
Wheatstone Project Update 2012 Key Milestones Progress Completion of Pioneer Camp HOA with Tohoku Electric Cut first steel on platform topsides Over 80% of LNG volumes under Increase LNG volumes under contract long-term contract…
Gorgon Project Update 2012 Key Milestones Progress Start construction of domestic 4% capacity increase through gas pipeline design optimization (15.6 MTPA First pipe rack module set on total) Barrow Island (BWI) Completed two of…
Gorgon Project Cost Review Awarded more than 28 billion of Budgeted Cost Breakdown contracts, half to local contractors Facilities Contracts are a mix of lump sum, unit rate, Upstream Gorgon D+C and reimbursable time and material…
Strategic Progress Upstream Downstream UK Front End Engineering and U.S. Front End Engineering and Design on Rosebank project Design on CPChem Gulf Coast Australia Wheatstone LNG Ethylene Cracker HOA with Tohoku Electric Continued…
Significant 2012 Progress on Major Capital Project Milestones Startup Final Investment Front-End Engineering Decision and Design Usan: Nigeria Bibiyana Expansion: Bangladesh Mad Dog II: DW GOM Tahiti-2: DW GOM Rosebank: UK…
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