Chevron 2018 Annual Report

2018
annual report

140 years of human progress

leading the future of energy

Chevron delivers the affordable, reliable and ever-cleaner energy that enables human progress. As the energy landscape continues to evolve, Chevron invests in technology to push energy’s frontiers. We mobilize our human ingenuity to solve the most complex challenges and leverage our financial strength to explore new possibilities.

Global demand for our products is growing, and Chevron’s portfolio continues to grow stronger and more resilient. Our Upstream organization finds, develops and produces oil and gas resources efficiently. Our Downstream & Chemicals organization drives earnings across the value chain and grows our chemical and lubricant portfolios. Our Midstream business provides safe and reliable infrastructure and services, ensuring the safe movement of our finished products.

Of course, our greatest asset is our people. We are solvers of complex problems, and our global team – which includes engineers, scientists, environmentalists and technologists – is committed to leading the future of energy:

The right way.

The responsible way.

The Chevron Way.

Gorgon and Wheatstone LNG projects play a key role in meeting the Asia-Pacific region’s demand for affordable, reliable and ever-cleaner energy.

metric tons

100 million

of carbon dioxide is expected to be injected into the Dupuy Formation over the life of the Gorgon facility*

cubic feet/day

4.2 billion

total production capacity of natural gas for Gorgon and Wheatstone

LNG carriers

10

Chevron’s shipbuilding and fleet modernization program

metric tons

24.5 million

total installed liquefaction capacity per year for Gorgon and Wheatstone

*The Gorgon Carbon Dioxide Injection Project is the world’s largest commercial-scale carbon dioxide injection facility of its kind, designed to reduce greenhouse gas emissions from the Gorgon Field project by approximately 40 percent.

Two of Chevron’s Asia-class Liquified Natural Gas (LNG) Vessels at Gorgon Project

Two of Chevron’s Asia-class liquefied natural gas (LNG) vessels, docked at the Chevron-operated Gorgon project on Barrow Island, Western Australia. Each vessel will take on approximately 158,000m3 of LNG, followed by a 10-day voyage to customers in Asia.