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Chevron Announces Agreement to Acquire Anadarko – Chevron Corp

Chevron Corp · Apr 12, 2019 · 14 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. Chevron Announces Agreement to Acquire Anadarko – Chevron Corp – slide 1
    Chevron to acquire Anadarko Petroleum April 12, 2019 2019 Chevron Corporation Classified Restricted Access
  2. Chevron Announces Agreement to Acquire Anadarko – Chevron Corp – slide 2
    Enhances Chevrons value proposition High quality assets strengthen advantaged portfolio Reinforces priorities and recent guidance Accelerates portfolio high-grading and cost reductions Accretive to cash flow and…
  3. Chevron Announces Agreement to Acquire Anadarko – Chevron Corp – slide 3
    Key transaction terms Anadarko Relative Share Price Performance (Anadarko share price divided by Chevrons) 0.7 52-Week High: 0.60 0.3869 Chevron shares and 16.25 in cash for each 0.6 share of Anadarko 0.5 0.4…
  4. Chevron Announces Agreement to Acquire Anadarko – Chevron Corp – slide 4
    Accretive for shareholders Chevron uniquely positioned to capture upside from Anadarko assets 10 billion barrels of resource acquired…
  5. Chevron Announces Agreement to Acquire Anadarko – Chevron Corp – slide 5
    Transaction creates value Accelerates organizational streamlining, Permian development, and capital reductions Operating cost savings C&E reduction Permian Other Synergies total 2B/ year Efficiencies Exploration Transaction 1B…
  6. Chevron Announces Agreement to Acquire Anadarko – Chevron Corp – slide 6
    High-grading the portfolio Asset sales billions (before tax) Asset sale proceeds 20 15 20182019 target 5B 10 In public domain Frade 20202022 Denmark target 1520B 5 Rosebank Azerbaijan U.K. Central North Sea 2.0…
  7. Chevron Announces Agreement to Acquire Anadarko – Chevron Corp – slide 7
    Building strength on strength Plays to Chevron core strengths Shale and tight Deepwater LNG Expected free cash flow growth enhances capital returns to shareholders 2019 Chevron Corporation 8
  8. Chevron Announces Agreement to Acquire Anadarko – Chevron Corp – slide 8
    Strengthens leading Delaware position Accelerates low risk, short-cycle development Contiguous acreage in basin core Lowers royalty on Anadarko acreage Liquids weighted Infrastructure and operational efficiency Leveraging…
  9. Chevron Announces Agreement to Acquire Anadarko – Chevron Corp – slide 9
    DJ Basin: Low-royalty, high-value Attractive core basin position DJ BASIN Net Acres: 400,000 400,000 acres of contiguous core acreage Low royalty Established infrastructure Low risk, short-cycle development 2019…
  10. Chevron Announces Agreement to Acquire Anadarko – Chevron Corp – slide 10
    Complementary Gulf of Mexico position Getting more out of base assets enables incremental value capture Tie-back opportunities Strong cash margins Avg. Brent Opex synergies 60 Avg. Brent 64 Leading technology Avg. Brent…
  11. Chevron Announces Agreement to Acquire Anadarko – Chevron Corp – slide 11
    Anadarko portfolio depth Assets present opportunities for value upside Mozambique Midstream Other international Mozambique LNG Western Midstream Partners Algeria & Ghana Competitive cost Strong midstream operator Strong cash flow…
  12. Chevron Announces Agreement to Acquire Anadarko – Chevron Corp – slide 12
    Chevron is positioned to win in any environment Advantaged portfolio delivers Grow production Returns-driven strong cash flow & sustain margins capital allocation Strong balance sheet and low breakeven Lower our cost…
  13. Chevron Announces Agreement to Acquire Anadarko – Chevron Corp – slide 13
    Appendix 2019 Chevron Corporation 14
  14. Chevron Announces Agreement to Acquire Anadarko – Chevron Corp – slide 14
    Combined key metrics 2018 Production 2018 Reserves 2018 Cash Flow (MBOED) (MMBOE) From Operations (B) 3,596 13,526 36.5 Anadarko Anadarko Anadarko Chevron Chevron Chevron Justify + Citation Justify + Citation Justify +…

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