2022 chevron investor day
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
maintain $15–$17 billion in C&E through 2026
>10% decrease in unit OPEX by 2026
more efficient
maintain $15–$17 billion in C&E through 2026
>10% decrease in unit OPEX by 2026
driving to 12% ROCE by 2026
10% CAGR CFFO per share excl. WC through 2026
more cash
driving to 12% ROCE by 2026
10% CAGR CFFO per share excl. WC through 2026
target1 35% reduction in upstream CO2 intensity by 2028
new energies 2030 growth targets
lower carbon
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.
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