First quarter 2019 earnings conference call and webcast Mike Wirth Chairman and Chief Executive Officer Pierre Breber Vice President and Chief Financial Officer Wayne Borduin General Manager, Investor Relations April 26,…
Positioned to win in any environment Advantaged portfolio delivers Grow strong cash flow production & Returns-driven capital sustain allocation margins Strong balance sheet and low breakeven Lower our cost structure…
Financial highlights 1Q19 Earnings 2.6 billion Earnings per diluted share 1.39 Earnings / EPS (excluding special items and FX)1 2.8 billion / 1.47 Cash flow from operations / excl. working capital1 5.1 billion / 6.3 billion…
2019 cash flow Cash flow from operations Free cash flow excluding excluding working capital1 working capital1 billions /BBL billions /BBL 8 80 6 80 Delivering 6 60 2019 cash 4 60 generation in 4 40 line with 2 40…
Chevron earnings 1Q19 vs. 1Q18 millions Upstream Downstream Other Special Liftings Realizations items* FX* Taxes / Opex other Margins Timing Volumes 120 -405 -115 -266 590 -131 effects Opex / other Other -325 -160 180…
Chevron earnings 1Q19 vs. 4Q18 millions Upstream Downstream Other Special items* FX* Opex / Timing Realizations expl Other 270 effects -405 DD&A -39 Taxes / Liftings Margins Other 330 other -495 Opex Chemicals -275 460…
Worldwide net oil & gas production 1Q19 vs. 1Q18 MBOED Wheatstone + MCPs Base Unplanned downtime Asset -30 sales -29 Other -15 Shale & -11 + Permian growth tight 128 + Wheatstone ramp-up + Hebron, Bigfoot, and other major…
Looking ahead 2Q 2019 outlook Upstream Full year 2019 production 4-7% growth from 2018 (excluding asset sales) Closed sale of Denmark assets TCO co-lending continues Downstream Anticipated close of Pasadena refinery purchase…
questions answers 2019 Chevron Corporation 10
Appendix: reconciliation of non-GAAP measures Reported earnings to earnings excluding special items and FX 1Q18 2Q18 3Q18 4Q18 FY 2018 1Q19 Reported earnings (MM) Upstream 3,352 3,295 3,379 3,290 13,316 3,123 Downstream 728 838…
Appendix: reconciliation of non-GAAP measures Cash flow from operations excluding working capital Free cash flow excluding working capital MM FY 2016 FY 2017 FY 2018 FY 2016 Quarterly FY 2017 Quarterly FY 2018 Quarterly 1Q19 Avg.*…
Appendix Worldwide net oil & gas production 1Q19 vs. 4Q18 MBOED Unplanned Shale & MCPs Planned downtime Entitlement tight turnarounds 12 effects + Primarily absence of 4Q 20 -38 Base Other TCO planned turnaround 45 -29 -17 +…
Appendix U.S. upstream earnings: 1Q19 vs. 4Q18 millions Realizations Opex / Lower Gulf of Mexico and expl Other Permian realizations DD&A -50 Liftings 75 Lower DD&A primarily from -345 -20 125 reserve additions 963…
Appendix International upstream earnings: 1Q19 vs. 4Q18 millions Special items FX Opex / Tax / Primarily lower liftings in expl other 270 12 Australia Liftings DD&A -419 Realizations 255 Mainly reserve adds and -255 absence…
Appendix U.S. downstream earnings: 1Q19 vs. 4Q18 millions Timing effects Unfavorable timing effects due to a Other swing in commodity prices CPChem 16 Lower refining and marketing Opex 256 55 margins 217 Lower opex due to…
Appendix International downstream earnings: 1Q19 vs. 4Q18 millions Unfavorable timing effects due to a Timing effects swing in commodity prices Lower Asia refining and marketing margins 603 Margins -435 Other Opex 35…
Loading...
