Jefferies 2014 Global Energy Conference Jeff Shellebarger President, Chevron North America Exploration and Production November 11, 2014 2014 Chevron Corporation
North America E&P Overview 30% of Chevron Production Canada 70 MBOED Deep, Diverse Portfolio Legacy base business Deepwater Shale & Tight San LNG Appalachian/ Joaquin Michigan Valley 44 MBOED Strong Cash Generator 176…
Active Deepwater Exploration & Development Producing Assets Major Capital Projects Discoveries Main Pass Leading Position Planned Exploration Drills Chevron Leases Largest leaseholder Bay Marchand Net production 200 MBOED*…
Strong Permian Position Leading Position Midland and Delaware Basin* Net Unconventional Production (MBOED) Largest undeveloped leaseholder 2 MM net acres 250 17,000 prospects 200 Advantaged Acreage 60% no royalty 150 30% low…
Midland Basin Increasing Activity and Exceeding Plan 500,000 net acres 8,200 liquids-rich prospects 47 MBOED* production 18 active rigs Midland Odessa 370 wells expected in 2014 Bradford Ranch horizontal program ongoing…
Delaware Basin Expanding Horizontal Programs 1 million net acres Hobbs, NM 6,400 liquid-rich prospects 48 MBOED* production 11 active rigs Monahans, TX 180 wells expected in 2014 Salado Draw horizontal program…
Other Shale and Tight Activity Duvernay 330,000 net acres 90% of acreage in liquids rich window Completed farm-down with carry Two horizontal appraisal well pads spudded in Central Focus Area Utica / Marcellus Prioritized five…
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