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Q2 2010 EARNINGS CALL – Chevron Corp

Chevron Corp · Jul 30, 2010 · 18 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. Q2 2010 EARNINGS CALL – Chevron Corp – slide 1
    Second Quarter 2010 Earnings Conference Call and Webcast July 30, 2010 George Kirkland Vice Chairman and Executive Vice President, Global Upstream and Gas Pat Yarrington Vice President and Chief Financial Officer Jeanette…
  2. Q2 2010 EARNINGS CALL – Chevron Corp – slide 2
    Cautionary Statement CAUTIONARY STATEMENTS RELEVANT TO FORWARD-LOOKING INFORMATION FOR THE PURPOSE OF SAFE HARBOR PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 This presentation of Chevron Corporation contains…
  3. Q2 2010 EARNINGS CALL – Chevron Corp – slide 3
    Financial Highlights 2Q10 Earnings 5.4 Billion 2Q10 Earnings per Diluted Share 2.70 ROCE (trailing 12 months) 16.1% Debt Ratio 9.5% 2010 Chevron Corporation 3
  4. Q2 2010 EARNINGS CALL – Chevron Corp – slide 4
    Chevron Earnings(1) 2Q10 vs. 1Q10 Millions Other Downstream 260 Upstream -182 779 5,409 4,552 1Q10 2Q10 Earnings Earnings (1) Net income attributable to Chevron Corporation. 2010 Chevron Corporation 4
  5. Q2 2010 EARNINGS CALL – Chevron Corp – slide 5
    U.S. Upstream Earnings 2Q10 vs. 1Q10 Millions Realizations Other Volumes -95 -40 69 1,156 1,090 1Q10 2Q10 Earnings Earnings 2010 Chevron Corporation 5
  6. Q2 2010 EARNINGS CALL – Chevron Corp – slide 6
    International Upstream Earnings 2Q10 vs. 1Q10 Millions FX Tax Realizations Opex 210 -220 70 Other -120 -56 3,568 3,452 1Q10 2Q10 Earnings Earnings 2010 Chevron Corporation 6
  7. Q2 2010 EARNINGS CALL – Chevron Corp – slide 7
    Worldwide Net Oil & Gas Production 2Q10 vs. 1Q10 MBOED Base Business Price & External Effects Constraints -3 Major Capital Projects -47 13 2,783 2,746 1Q10 2Q10 2010 Chevron Corporation 7
  8. Q2 2010 EARNINGS CALL – Chevron Corp – slide 8
    U.S. Downstream Earnings 2Q10 vs. 1Q10 Millions 1Q10 Employee Severance Other Chemicals Realized -9 Margins 50 Indicator 50 Margins 90 433 82 170 1Q10 2Q10 Earnings Earnings 2010 Chevron Corporation 8
  9. Q2 2010 EARNINGS CALL – Chevron Corp – slide 9
    International Downstream Earnings 2Q10 vs. 1Q10 Millions 1Q10 Employee Severance Other Timing Effects 100 -102 FX Effects 155 542 Margins 230 45 114 1Q10 2Q10 Earnings Earnings 2010 Chevron Corporation 9
  10. Q2 2010 EARNINGS CALL – Chevron Corp – slide 10
    All Other Net Charges(1) 2Q10 vs. 1Q10 Millions Corporate Charges & -108 Other Tax -368 40 220 1Q10 Net 2Q10 Net Charges Charges (1) Includes mining operations of coal and other minerals, and power generation. 2010…
  11. Q2 2010 EARNINGS CALL – Chevron Corp – slide 11
    Upstream Update 2010 Chevron Corporation
  12. Q2 2010 EARNINGS CALL – Chevron Corp – slide 12
    Industry Leading Margins Adjusted Earnings per Barrel Per BOE 25 1 20 1 18.74 1 2 15 2 10 5 2007 2008 2009 1Q 2010 2Q 2010 Chevrons Ranking Relative to Competitors Competitor Range 1 (1 being the best ranking) (XOM,…
  13. Q2 2010 EARNINGS CALL – Chevron Corp – slide 13
    (1) Expect 3% Production Growth for 2010 (2) 1H 2010 Actual: 2,764 MBOED (1) Net Production 2,780 MBOED 2% 1% (2) 2,750 2,730 2,704 (1) (1) 2009 2009 Actual Actual 62 Original Original Outlook Outlook 62 Updated…
  14. Q2 2010 EARNINGS CALL – Chevron Corp – slide 14
    Current Impact of Gulf of Mexico Spill No shut-in production Exploration plans delayed Three deepwater rigs impacted two on standby, one on contract to BP Maintaining pace of new developments Chevron deepwater capabilities Highly…
  15. Q2 2010 EARNINGS CALL – Chevron Corp – slide 15
    Upstream Progress Australia Gorgon progressing on schedule Australia Signed HOA with KOGAS for 2 MMTPA of Wheatstone LNG Australia 2 gas discoveries Indonesia FID at North Duri Area 13 Romania, Canada Awarded shale gas…
  16. Q2 2010 EARNINGS CALL – Chevron Corp – slide 16
    Strategic Progress Safe and Reliable Operations Cost Management Upstream Profitable growth Portfolio expansion opportunities Downstream Restructuring on track Financial Strength Strong cash generation Low net debt position…
  17. Q2 2010 EARNINGS CALL – Chevron Corp – slide 17
    Questions Answers 2010 Chevron Corporation 17
  18. Q2 2010 EARNINGS CALL – Chevron Corp – slide 18
    Appendix Reconciliation of Chevrons Adjusted Earnings TOTAL UPSTREAM 2007 2008 2009 1Q 2010 2Q 2010 Adjusted Earnings * (MM) 15,468 21,619 10,632 4,724 4,542 Adjustment Items: Asset Impairments & Revaluations (350) (400) (100) --…

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