Skip to main content 1Q 2022 Earnings Presentation – Chevron Corp | Shale Experts
Loading...
Pm

1Q 2022 Earnings Presentation – Chevron Corp

Chevron Corp · Apr 28, 2022 · 17 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. 1Q 2022 Earnings Presentation – Chevron Corp – slide 1
    Mike Wirth Pierre Breber Roderick Green Chairman of the Board and Vice President and General Manager Chief Executive Officer Chief Financial Officer Investor Relations April 29, 2022 2022 Chevron. All rights reserved. Welcome…
  2. 1Q 2022 Earnings Presentation – Chevron Corp – slide 2
    Winning combination Higher returns Lower carbon First quarter 2022 Announced 2 14.7% ROCE 4B lower carbon spend 1 Permian production outlook Progressing 700 - 750 MBOED REG and Bunge transactions Buyback guidance raised to…
  3. 1Q 2022 Earnings Presentation – Chevron Corp – slide 3
    Financial highlights 1Q22 Earnings / Earnings per diluted share 6.3 billion / 3.22 1 Adjusted Earnings / EPS 6.5 billion / 3.36 1 Cash flow from operations / excl. working capital 8.1 billion / 9.0 billion Total C&E / Organic…
  4. 1Q 2022 Earnings Presentation – Chevron Corp – slide 4
    Consistent financial priorities billions Free Shareholder Net debt Other cash flow 2,3 returns ratio 3 5.9B 6.1B 4.0B 11% CFFO Working excl. WC capital Cash capex Shares -0.9 Asset sales / Dividends issued for other stock…
  5. 1Q 2022 Earnings Presentation – Chevron Corp – slide 5
    Chevron earnings 1Q22 vs. 1Q21 millions Upstream Downstream Other Timing Timing Chemicals effects Opex / Margins DD&A effects Realizations Liftings other Other Other 170 -485 -125 365 -430 -173 -115 -129 740 Special…
  6. 1Q 2022 Earnings Presentation – Chevron Corp – slide 6
    Chevron earnings 1Q22 vs. 4Q21 millions Upstream Downstream Other Timing Timing Other effects DD&A effects Realizations Liftings Other Other -100 354 Volumes Margins Chemicals -755 -140 360 -358 -405 780 -15 100 Special…
  7. 1Q 2022 Earnings Presentation – Chevron Corp – slide 7
    Worldwide net oil & gas production 1Q22 vs. 1Q21 MBOED Base / Contract Shale & External Entitlement expiration other Tight events Curtailments effects impacts 46 35 -32 -30 69 -149 + Permian growth + Absence of Winter Storm…
  8. 1Q 2022 Earnings Presentation – Chevron Corp – slide 8
    Looking ahead Forward guidance 2Q22 Turnarounds & Downtime: (160) MBOED UPSTREAM Expiry of Thailand concessions: (50) MBOED ALNG Return of Capital*: 250 - 350MM Refinery turnarounds (A/T earnings): (250) - (350)MM…
  9. 1Q 2022 Earnings Presentation – Chevron Corp – slide 9
    questions + answers 2022 Chevron Corporation 10 That concludes our prepared remarks. We are now ready to take your questions. Please try to limit yourself to one question and one follow-up. We will do our best to get all your…
  10. 1Q 2022 Earnings Presentation – Chevron Corp – slide 10
    Appendix: reconciliation of non-GAAP measures Reported earnings to adjusted earnings 1Q21 2Q21 3Q21 4Q21 FY21 1Q22 FY22 Reported earnings ( millions) Upstream 2,350 3,178 5,135 5,155 15,818 6,934 6,934 Downstream 5 839 1,310 760…
  11. 1Q 2022 Earnings Presentation – Chevron Corp – slide 11
    Appendix: reconciliation of non-GAAP measures Cash flow from operations excluding working capital Free cash flow Free cash flow excluding working capital Net debt ratio millions 1Q22 millions 1Q22 Net Cash Provided by Operating…
  12. 1Q 2022 Earnings Presentation – Chevron Corp – slide 12
    Appendix: reconciliation of non-GAAP measures ROCE Adjusted ROCE millions 1Q22 millions 1Q22 Total reported earnings 6,259 Adjusted earnings 6,543 Non-controlling interest 18 Non-controlling interest 18 Interest expense (A/T)…
  13. 1Q 2022 Earnings Presentation – Chevron Corp – slide 13
    Appendix Worldwide net oil & gas production: 1Q22 vs. 4Q21 MBOED Turnarounds / External Entitlement Base / downtime events effects other -3 -10 -21 -23 - CPC repairs - Entitlement effects - Thailand field decline 4Q21 1Q22…
  14. 1Q 2022 Earnings Presentation – Chevron Corp – slide 14
    Appendix U.S. upstream earnings: 1Q22 vs. 4Q21 millions Realizations Liftings Other Special DD&A items* 88 -310 245 -520 765 Absence of gain on sale of Permian & Colorado assets Higher realizations Lower production Lower…
  15. 1Q 2022 Earnings Presentation – Chevron Corp – slide 15
    Appendix International upstream earnings: 1Q22 vs. 4Q21 millions Timing Other DD&A effects Realizations Liftings -115 281 -95 535 Higher realizations FX Absence of 4Q21 non-production related DD&A impacts -135 1,040 4Q21…
  16. 1Q 2022 Earnings Presentation – Chevron Corp – slide 16
    Appendix U.S. downstream earnings: 1Q22 vs. 4Q21 millions Timing effects Other Unfavorable timing effects: Margins 1Q22: (252) Volumes 76 Absence of 4Q21: (23) -275 Lower refining & marketing volumes -130 155 Higher…
  17. 1Q 2022 Earnings Presentation – Chevron Corp – slide 17
    Appendix International downstream earnings: 1Q22 vs. 4Q21 millions Timing FX effects 21 1Q22 earnings Unfavorable timing effects: 4Q21 earnings 1Q22: (405) Other Absence of 4Q21: (75) Lower marketing margins Volumes…

From the store

Browse maps, data & reports in the Shale Experts store