Strategy focused on leading returns Sustain world-class operational excellence Grow earnings across the value chain Target investments Lead the industry in returns 2019 Chevron Corporation 3
Global product demand Demand growth, 20192023 Compound annual growth rate Global economic Fuels LPG/Naphtha growth Distillate drives product demand Gasoline Petrochemicals Petrochemicals Olefins grow faster than fuels…
Well positioned for IMO 2020 Conversion capacity and complexity Conversion to crude capacity ratio Nelson complexity index 100% 15 Conversion to crude capacity ratio Nelson complexity index Complex refiners 10 advantaged…
Major capital projects Evaluation / FEED Under construction Commission / start-up Chevron Phillips Chemical Co. Salt Lake refinery Richmond refinery USGC II ISOALKY plant Modernization Chevron Phillips Chemical Co. Oronite Middle…
Pasadena refinery acquisition Scope 110 MBD Houston Ship Channel terminal 5.6 MM bbls storage tanks 143 acres vacant land Explorer Pipeline Strategic fit Permian Colonial Pipeline Pascagoula Eagle Ford Enables light crude…
Integrated fuels value chains U.S. West Coast U.S. Gulf Coast Asia Pacific 1 brand share in Western U.S. ALeading leadingbrand brandin in Central CentralAmerica America Long-standing partnerships Growing retail in Mexico Top…
Leading refinery performance Utilization Energy efficiency Net cash margin Percent Index Index 90% 120 35 2 1 1 2 5 4 1 2 4 2 2 2 2 2 1 70% 80 2008 2010 2012 2014 2016 2018 2008 2010 2012 2014 2016 2018 2008 2010…
Fuels marketing initiatives Americas Asia Mobile e-pay On track for 400 branded sites Plan to grow by up to 300 PayPal and Honda in Mexico by 2020 branded sites in partnerships in U.S. Southeast Asia by 2022 Mexico terminals…
Renewable fuels Integrated value chain Biojet SFO Sustainable Aviation Fuel New and emerging Biodiesel and technologies ethanol blending Carbon Engineering CO2 capture to low Modest investment Biofuels manufacturing carbon…
Advantaged petrochemicals portfolio Petrochemical capacity, 2019 Million metric tonnes per year 7 Texas Qatar Saudi Arabia North America Middle East Asia Pacific Olefins / Polyolefins Aromatics Under construction See…
Strong petrochemical market fundamentals Ethylene cash cost advantage, 20192023 Polyethylene demand growth, 2018 to 2030 per metric tonne kg per capita 60 500 U.S. 40 China EU 250 20 Population, million 2030 300 India…
Chevron Phillips Chemical performance Utilization Reported earnings Percent billions 100% World class assets 4 Advantaged feedstock Proprietary technologies 2 High operating rates 80% Sustainability focus 2013 2014…
Lubricants and additives activities Renewable base oil Finished lubricants Additives Equity investment in Novvi LLC Delo, 67% of first fill trucks Portfolio to address IMO 2020 in North America Technology partnership Singapore…