First Quarter 2011 Earnings Conference Call and Webcast Pat Yarrington Vice President and Chief Financial Officer Gary Luquette President, North America Exploration & Production Jeanette Ourada General Manager, Investor…
Financial Highlights 1Q11 Earnings 6.2 Billion 1Q11 Earnings per Diluted Share 3.09 ROCE (trailing 12 months thru 3/31/11) 18.2% Debt Ratio (as of 3/31/11) 9.5% 1Q11 Share Repurchases 750 Million Dividend Increase…
(1) Sources and Uses of Cash 1Q11 Billions 12 0.75 1.3 1.4 9 4.5 6 9.8 3 4.6 0 Sources Uses (2) Sources of Cash: Cash flow from operations Other net sources of cash (2) Uses of Cash: Capital expenditures…
(1) Chevron Earnings 1Q11 vs. 4Q10 Millions Upstream Downstream Other -120 -94 1,130 6,211 5,295 4Q10 1Q11 Earnings Earnings (1) Net income attributable to Chevron Corporation. 2011 Chevron 5
U.S. Upstream Earnings 1Q11 vs. 4Q10 Millions Other Realizations Volumes Opex 129 -40 40 1,449 390 930 4Q10 1Q11 Earnings Earnings 2011 Chevron 6
International Upstream Earnings 1Q11 vs. 4Q10 Millions Realizations Liftings Exploration Expense FX Impacts Other -65 -255 140 -119 910 4,528 3,917 4Q10 1Q11 Earnings Earnings 2011 Chevron 7
MCPs Moving to Base Business 4Q10 Net Production Brodgar- Netherlands Tengiz ACG MBOED Callanish AB SGI/SGP Phase III 3,000 2,500 Bibiyana 2,000 Arthit Tahiti 1,500 Agbami Blind Faith 1,000 NWS Train 5 500 North…
Worldwide Net Oil & Gas Production 1Q11 vs. 4Q10 MBOED Price Effects Base Business Weather & External Major Capital Impacts Projects Constraints -22 7 4 -15 2,786 2,760 4Q10 1Q11 2011 Chevron 9
U.S. Downstream Earnings 1Q11 vs. 4Q10 Millions Indicator Asset Margins Sales Other 170 Chemicals 87 475 90 442 -380 4Q10 1Q11 Earnings Earnings 2011 Chevron 10
International Downstream Earnings 1Q11 vs. 4Q10 Millions Margins Timing Effects -25 Other 267 180 Opex 133 -230 35 4Q10 1Q11 Earnings Earnings 2011 Chevron 11
(1) All Other Net Charges 1Q11 vs. 4Q10 Millions -294 -388 Tax Corporate Charges & Other -85 -9 4Q10 Net 1Q11 Net Charges Charges (1) Includes mining operations of coal and other minerals, and power generation. 2011…
North America Upstream 2011 Chevron 13
North America Upstream Operations Beaufort Sea/Arctic Beaufort Sea Explore Mackenzie Delta Atlantic Canada Unconventiona l Resource Canadian Opportunities AOSP Oil Sands Ells River Oil Sands Atlas Acquisition…
Gulf of Mexico 9 Billion Barrels Produced Leading leaseholder 2010 net production: One of the largest 260,000 BOED producers Shelf: 123,000 BOED Deepwater: 137,000 BOED 2011 Chevron 15
We Remain Bullish on the Gulf of Mexico 2011 Chevron 16
Gulf of Mexico Update Back to work in the GOM Received permit for Moccasin exploration well Submitted Buckskin permit application Received permit for 2nd Tahiti water injection well Two deepwater rigs currently working…
Atlas Update Premier acreage position in Marcellus 486,000 net acres of Marcellus 623,000 net acres of Utica Shale Limited near-term Chevron investment due to drilling carry New business unit established Integration continues…
Strategic Progress Continued strong safety performance Downstream Announced sale of Pembroke Refinery Sanctioned Pascagoula Base Oil Project Upstream Completed the Atlas Energy Acquisition Awarded 1.5 MM acres in Romania…
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