Fourth Quarter 2009 Earnings Conference Call and Webcast January 29, 2010 John Watson Chairman and Chief Executive Officer Pat Yarrington Vice President and Chief Financial Officer Jeanette Ourada General Manager, Investor…
Cautionary Statement CAUTIONARY STATEMENT 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…
Operational Performance Record safety performance Operational excellence Leading upstream production growth Strong project execution Aggressive cost management Continued strategic focus 2010 Chevron Corporation 3
Strategic Accomplishments Upstream Exploration discoveries in Australia, United States, Africa Reserve replacement ratio of 112% Major capital project start-ups and ramp-ups Entered FEED at Jack/St. Malo and Big Foot in the Gulf of…
Financial Highlights 4Q09 Earnings 3.1 Billion 4Q09 Earnings per Diluted Share 1.53 2009 ROCE 10.6% Year-End Debt Ratio 10.3% 2009 Dividends Paid 5.3 Billion 2009 TSR 8.1% 2010 Chevron Corporation 5
(1) Chevron Earnings 4Q09 vs. 3Q09 Millions Upstream Downstream Other 3Q09 4Q09 Earnings Earnings (1) Net income attributable to Chevron Corporation. 2010 Chevron Corporation 6
U.S. Upstream Earnings 4Q09 vs. 3Q09 Millions 3Q09 Insurance Realizations Settlement Other 3Q09 4Q09 Earnings Earnings 2010 Chevron Corporation 7
International Upstream Earnings 4Q09 vs. 3Q09 Millions Liftings Gorgon Realizations Other 3Q09 4Q09 Earnings Earnings 2010 Chevron Corporation 8
Worldwide Net Oil & Gas Production(1) 4Q09 vs. 3Q09 MBOED Major Capital External Base Projects Price Constraints Business Effects -29 73 -12 44 2,702 2,778 3Q09 4Q09 (1) Includes volumes produced from oil sands in…
Worldwide Net Oil & Gas Production(1) 2009 vs. 2008 Actual MBOED Major Capital Projects Price External Effects Constraints Base Business 55 -56 -130 305 2,530 2,704 2008 Actual 2009 Actual (1) Includes volumes produced…
(1) Production Outlook 2010 vs. 2009 MBOED Base Major Capital 62/bbl Business Projects 62/bbl 2009 Actual 2010 Outlook (1) Includes volumes produced from oil sands in Canada. 2010 Chevron Corporation 11
U.S. Downstream Earnings 4Q09 vs. 3Q09 Millions Indicator Margins Volumes Opex Other 3Q09 4Q09 Earnings Earnings 2010 Chevron Corporation 12
International Downstream Earnings 4Q09 vs. 3Q09 Millions Margins Timing Effects Other 3Q09 4Q09 Earnings Earnings 2010 Chevron Corporation 13
Chemicals Earnings 4Q09 vs. 3Q09 Millions Olefins Oronite Aromatics Additives Other 3Q09 4Q09 Earnings Earnings 2010 Chevron Corporation 14
All Other Net Charges(1) 4Q09 vs. 3Q09 Millions Tax Corporate Charges & Other 3Q09 Net 4Q09 Net Charges Charges (1) Includes mining operations of coal and other minerals, and power generation. 2010 Chevron Corporation…
Cost Management Targeted 10% (2.5 billion*) reduction in 2009 operating / SG&A expenses Delivered 15% (3.9 billion*) reduction in 2009 Cost savings realized in all business segments Reductions characterized as follows: 1/3…
Capital & Exploratory Program(1) Billions Actual Budget 2009 2010 U.S. Upstream 3.3 4.1 International Upstream 13.8 13.2 U.S. Downstream 1.9 1.6 International Downstream 2.5 1.8 Chemicals/Other 0.7 0.9 Total 22.2 21.6 Cash C&E…
2010 Outlook Downstream Global Downstream business restructuring Upstream Major capital project start-ups United States: First oil at the Perdido regional hub Canada: First expansion of the Athabasca Oil Sands Project Nigeria:…
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