our operations2022 chevron investor day

3 min read | march 02, 2022

success in a lower carbon future

At our annual investor meeting, Chevron leaders reaffirmed our primary objective – to deliver higher returns, lower carbon and superior stockholder value in any business environment – and gave insight on the strategy we’re using to achieve it.

That strategy combines a high-return, low-growth, lower carbon–intensity† traditional business with faster-growing, profitable, lower carbon new energy businesses that leverage our strengths.

† Carbon intensity refers to a measure of CO2e per unit of production.

a winning combination

more efficient

positive cash flow

maintain $15–$17 billion in C&E through 2026

 

decrease icon

>10% decrease in unit OPEX by 2026

more efficient

positive cash flow

maintain $15–$17 billion in C&E through 2026

 

decrease icon

>10% decrease in unit OPEX by 2026

more cash

increase

driving to 12% ROCE by 2026

 

 

personal income icon

10% CAGR CFFO per share excl. WC through 2026

more cash

increase

driving to 12% ROCE by 2026

 

 

personal income icon

10% CAGR CFFO per share excl. WC through 2026

lower carbon

Carbon capture and storage icon

target1 35% reduction in upstream CO2 intensity by 2028

 

new energies 2030 growth targets

lower carbon

Carbon capture and storage icon

target1 35% reduction in upstream CO2 intensity by 2028

 

new energies 2030 growth targets

For more information on the terms and acronyms used here, see the appendix to the 2022 Chevron Investor Day presentation (pp. 40-45).

Note: The figures on this slide represent the company’s previously announced guidance and targets relating to its capital and cost efficiency strategy.

1 From 2016 baseline.
2 Chevron’s approach to hydrogen envisions the use of green, blue and gray hydrogen.

Mike Wirth
"I believe Chevron is well positioned for the future with a leading traditional energy business and faster growing new energy business lines. Combined with our strong track record of financial and operating discipline, we expect to deliver on our objective of higher returns and lower carbon that will benefit stakeholders for years to come."

Mike Wirth

Chairman and CEO

celebrating over 100 years on the new york stock exchange

celebrating over 100 years on the new york stock exchange

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chevron to seek project canary certification of select North American upstream assets

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