First quarter 2020 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 May 1, 2020…
Actions in response to current conditions Maintain safe and reliable operations Reduce short-cycle capital Drive operating costs savings Guard balance sheet Preserve long-term value 2020 Chevron 3
Maintain safe and reliable operations Status update May 1, 2020 People…
TCO FGP-WPMP Status update May 1, 2020 Overall progress 77%, construction 56% Final 7 modules expected to depart Korea in 2Q Demobilization of non-critical path project personnel 2020 capital reduced by 1B (CVX Share)…
Reduce short-cycle capital Capital & exploratory expenditures billions 20 16 2H run rate up to 40% below budget 14 Deferring short-cycle investments Prioritizing capital that preserves long-term value 2020 March 24th May…
Drive operating cost savings Response to market conditions SAM20 guidance 1B savings in 2020 Additional 1B run-rate reduction by YE2020 Lower activity levels and turnarounds Organizational design complete 2Q Lower fuel and…
Guard balance sheet resilient at 30 Brent Stress test at 30 Brent (2020 - 2021)1 Net debt ratio and debt capacity billions Suspend share repurchase program 40% TCO financing 30% Debt Minimize Cash pull on the balance…
Preserve long-term value Assets Capabilities Opportunities Sustainability Maintain spend Preserve ability Pace pre-FID projects Maintain commitment on asset integrity and reliability to ramp-up short-cycle investments across…
Loading...
