Second Quarter 2009 Earnings Conference Call and Webcast July 31, 2009 George Kirkland Executive Vice President, Global Upstream & Gas Pat Yarrington Vice President and Chief Financial Officer Jim Aleveras General Manager,…
Financial Highlights 2Q09 Earnings 1.7 Billion 2Q09 Earnings per Diluted Share 0.87 ROCE (trailing 12 months) 17.3% Debt Ratio 12.1% Dividend Increase 4.6% 2009 Chevron Corporation. 3
Chevron Earnings 2Q09 vs. 1Q09 Millions Upstream Downstream Other 1Q09 2Q09 Earnings Earnings 2009 Chevron Corporation. 4
U.S. Upstream Earnings 2Q09 vs. 1Q09 Millions Volumes Other Realizations 1Q09 2Q09 Earnings Earnings 2009 Chevron Corporation. 5
International Upstream Earnings 2Q09 vs. 1Q09 Millions Exploration FX & Realizations Expense Other 1Q09 2Q09 Earnings Earnings 2009 Chevron Corporation. 6
Worldwide Oil & Gas Production(1) 2Q09 vs. 1Q09 MBOED Price Major Capital Base Bus. & Projects Effects Ext. Constraints 1Q09 2Q09 (1) Includes volumes produced from oil sands in Canada. 2009 Chevron Corporation. 7
U.S. Downstream Earnings 2Q09 vs. 1Q09 Millions Indicator Margins Addl. Margin Effects Volumes Other 1Q09 2Q09 Earnings Earnings 2009 Chevron Corporation. 8
International Downstream Earnings 2Q09 vs. 1Q09 Millions Margins Timing Effects Asset Sales Other 1Q09 2Q09 Earnings Earnings 2009 Chevron Corporation. 9
Chemicals Earnings 2Q09 vs. 1Q09 Millions Oronite Additives Other Aromatics Olefins 1Q09 2Q09 Earnings Earnings 2009 Chevron Corporation. 10
All Other Net Charges(1) 2Q09 vs. 1Q09 Millions Corporate Charges & Other FX Tax 1Q09 Net 2Q09 Net Charges Charges (1) Includes mining operations of coal and other minerals, and power generation. 2009 Chevron…
Upstream Update 2009 Chevron Corporation. 12
Major Capital Project Updates United States: Tahiti first oil at peak production of 135 MBOED Nigeria: Agbami at 220 MBD ramp-up continues ahead of schedule Kazakhstan: SGI/SGP at Name Plate capacity United States: Blind Faith at…
Other Strategic Milestones Australia: Entered FEED at Wheatstone Australia: On schedule for FID at Gorgon Nigeria: On schedule for FID at Agbami Stage 2 PNZ: First Steam Injection in June 2009 Angola: Tombua-Landana start-up in…
Upstream Costs Are Competitive Per Barrel of Oil-Equivalent 1 Ranking Relative to Competitors Competitor Range 1 3 2 3 3 2 1H 2009 Lower production expenses Higher DD&A Source: AG Edwards and publically disclosed…
Aggressive Cost Management Efforts Achieving Results Targeted 10% (2.5 billion) reduction in 2009 operating / SG&A expenses (excluding fuel) Ahead of pace at mid-year Areas of focus include: Materials & supplies Transportation…
Operational Performance Upstream production Refinery utilization Project execution Portfolio high-grading Cost management Continued strategic focus 2009 Chevron Corporation. 17