Skip to main content 3Q 2016 Earnings Conference call – Chevron Corp Investor Presentation | Shale Experts
Loading...
Pm

3Q 2016 Earnings Conference call – Chevron Corp

Chevron Corp · Oct 28, 2016 · 21 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. 3Q 2016 Earnings Conference call – Chevron Corp – slide 1
    Third quarter 2016 earnings conference call and webcast Pat Yarrington Vice President and Chief Financial Officer Bruce Niemeyer Vice President, Mid-Continent Business Unit Frank Mount General Manager, Investor Relations…
  2. 3Q 2016 Earnings Conference call – Chevron Corp – slide 2
    3Q16 financial highlights Reported earnings 1.3 billion Reported earnings per diluted share 0.68 Earnings / EPS excluding special items and FX* 0.9 billion / 0.49 Cash from operations 5.3 billion Debt ratio (as of…
  3. 3Q 2016 Earnings Conference call – Chevron Corp – slide 3
    (1) 3Q16 sources and uses of cash billions 3Q16 2016 YTD 10 25 0.2 2.0 8 20 0.5 0.1 2.0 2.2 6.0 6 0.8 15 0.5 2.0 7.0 4 10 5.3 14.1 2 4.1 5 9.0 0 0 Sources Uses Sources Uses (2) Sources of cash: Cash flow from…
  4. 3Q 2016 Earnings Conference call – Chevron Corp – slide 4
    Chevron earnings 3Q16 vs. 3Q15 millions Upstream Downstream Other Special items and FX + Absence of 3Q15 impairment Special charges items* FX* Realizations Other Margins + U.K. tax rate change Opex -322 208 + Ecuador…
  5. 3Q 2016 Earnings Conference call – Chevron Corp – slide 5
    Chevron earnings 3Q16 vs. 2Q16 millions Upstream Downstream Other Special items and FX Special Timing Absence of 2Q16: items* FX* effects Other Other Opex Other 55 35 + asset impairments and -207 175 -205 200 project…
  6. 3Q 2016 Earnings Conference call – Chevron Corp – slide 6
    Worldwide net oil & gas production 3Q16 vs. 3Q15 MBOED + Gorgon, Jack / St. Malo, Base Base Chuandongbei and Angola LNG growth decline Shale ramp-ups & tight Major Asset sales + Growth across all shale and tight capital 39…
  7. 3Q 2016 Earnings Conference call – Chevron Corp – slide 7
    December 2016 production Production MMBOED MCP growth Gorgon Train 1 & 2 2.8 ALNG 2.6 Growth Bangka (Indonesia) TCO Alder (U.K.) 2.4 2.65 2.70 MMBOED Permian growth 2.2 Absence of Tengiz turnaround 2.0 3Q16 Dec 2016…
  8. 3Q 2016 Earnings Conference call – Chevron Corp – slide 8
    Gorgon / Wheatstone Gorgon Wheatstone Train 1 All modules on site Rate stable at 110 MBOED* Train 1 first LNG expected mid-2017 17 cargos shipped to date Train 2 first LNG expected 6-8 months Train 2 after Train 1 Achieved first LNG…
  9. 3Q 2016 Earnings Conference call – Chevron Corp – slide 9
    Chevrons approach to the Permian Advantaged Deliberate Competitive Portfolio Strategy Performance 2 million net acres Disciplined growth to Efficient capital execution generate attractive returns 9 BBOE resource* Reliable, low…
  10. 3Q 2016 Earnings Conference call – Chevron Corp – slide 10
    Quality Permian acreage position Chevron acreage Chevron operated development Chevron non-operated development Acreage by NPV* 50k / acre 600,000 20k -…
  11. 3Q 2016 Earnings Conference call – Chevron Corp – slide 11
    Permian unconventional performance Development improvements Competitive development costs Well performance (EUR) /BOE Execution efficiencies 20 Supplier optimization 15 10 Operating improvements 5 Centralized maintenance 0…
  12. 3Q 2016 Earnings Conference call – Chevron Corp – slide 12
    Permian unconventional growth positioned for value accretion Net production1 Midland & Delaware MBOED Results continue ahead of expectations 400 350 300 Accelerating growth 250 through end of decade 200 150 100 Capital…
  13. 3Q 2016 Earnings Conference call – Chevron Corp – slide 13
    Spend reductions Total capital & exploratory OPEX and SG&A Quarterly Quarterly billions billions 12 8 YTD 2016 C&E is 10 trending below guidance range 8 YTD 2016 vs. YTD 2015: -32% 6 6 Cost structure reset YTD 2016 vs. YTD…
  14. 3Q 2016 Earnings Conference call – Chevron Corp – slide 14
    Key messages Financial priorities unchanged Cash flow growth Costs and spend reset Pivot to high return, short cycle investments 2016 Chevron Corporation 15
  15. 3Q 2016 Earnings Conference call – Chevron Corp – slide 15
    questions answers 2016 Chevron Corporation 16
  16. 3Q 2016 Earnings Conference call – Chevron Corp – slide 16
    Appendix: reconciliation of non-GAAP measures Reported earnings to earnings excluding special items and FX 3Q15 4Q15 1Q16 2Q16 3Q16 Reported earnings (MM) Upstream 59 (1,361) (1,459) (2,462) 454 Downstream 2,211 1,011 735 1,278…
  17. 3Q 2016 Earnings Conference call – Chevron Corp – slide 17
    Appendix Worldwide net oil & gas production: 3Q16 vs. 2Q16 MBOED + Gorgon ramp-up Major Shale Planned capital projects & tight turnarounds PSC + Permian unconventional growth Asset 12 effects sales Base / Tengiz planned…
  18. 3Q 2016 Earnings Conference call – Chevron Corp – slide 18
    Appendix U.S. upstream earnings: 3Q16 vs. 2Q16 millions Absence of 2Q16 asset Other -212 Realizations Opex impairments Impairments 106 80 -1,113 80 635 2Q16 3Q16 earnings earnings 2016 Chevron Corporation 19
  19. 3Q 2016 Earnings Conference call – Chevron Corp – slide 19
    Appendix International upstream earnings: 3Q16 vs. 2Q16 millions U.K. / Absence of 2Q16 asset Ecuador FX Impairments Opex Liftings Tax / impairments and project / Other Other charges suspensions -245 100 -80 290 U.K. tax…
  20. 3Q 2016 Earnings Conference call – Chevron Corp – slide 20
    Appendix U.S. downstream earnings: 3Q16 vs. 2Q16 millions Lower refining margins Margins Higher refinery production due to Other reduced turnaround activity in Volume 3Q16 6 537 523 -70 50 2Q16 3Q16 earnings…
  21. 3Q 2016 Earnings Conference call – Chevron Corp – slide 21
    Appendix International downstream earnings: 3Q16 vs. 2Q16 millions Asset sales Absence of 2Q16 gain on sale of New Zealand marketing Margins Other Absence of unfavorable 2Q16 Timing effects 1 inventory timing effects Higher…

From the store

Browse maps, data & reports in the Shale Experts store