Newsletter 
  INSCRIPTION Inscription | ESPACE ANNONCEURS Publicité | CONTACT Contact |PLAN DU SITE Plan


Europétrole, le portail de l'industrie du pétrole
 
 accueil | actualité française | actualité internationale | recherche | interviews | focus | actualité par entreprise | actualité pétrole/gaz de schiste 
Partager :

  • Chevron Reaffirms Strategies, Highlights Performance, Portfolio and Future Growth
    édité le 11/03/2014 - Plus de news de "CHEVRON" - Voir la fiche entreprise de "CHEVRON"


Chevron Reaffirms Strategies, Highlights Performance, Portfolio and Future Growth
Chevron Corporation is continuing to generate industry-leading operational and financial results and advancing key projects to drive future growth, executives said today at the company's annual security analyst meeting in New York.

"World energy demand continues to grow and the outlook for the energy business remains excellent," said John Watson, Chevron's chairman and CEO. Watson added, "Our strategies are sound, and we're poised to deliver significant production growth through the end of the decade. We believe this compelling growth profile, combined with flattening capital spending levels these next few years, should serve as a strong catalyst for value creation for our shareholders in the years ahead."

George Kirkland, vice chairman and executive vice president, Upstream, reviewed the performance of Chevron's upstream business in 2013, marking yet another year where the company led the industry on multiple upstream financial metrics including earnings and cash unit margins, as well as return on capital employed. He also discussed some of the company's portfolio management strategies and practices while highlighting key attributes of the portfolio, which included a special emphasis on the company's Permian basin assets and future growth plans.

"Our upstream portfolio leads the industry in quality, breadth and depth. We have the right strategies, always adhere to a disciplined investment approach, and are constantly managing the portfolio to extract and maximize value for our shareholders. Our base business is performing exceptionally well and provides us a substantial, longer-term competitive advantage, driving continued peer-leading financial and operational performance."

Jay Johnson, senior vice president, Upstream, provided an overview of Chevron's queue of projects, exploration assets, and other long-term opportunities. "Our plan for production growth is solid and will be driven by near-term project ramp-ups as well as our larger major capital projects which begin starting up later this year." Johnson added, "These projects are attractive, and when combined with profitable production growth from our shale and tight resource developments, are expected to add over 800,000 barrels of oil equivalent per day by 2017. We also have a deep queue of other growth opportunities which should allow us to continue growing production to the end of the decade."

Mike Wirth, executive vice president, Downstream and Chemicals, reviewed market fundamentals while highlighting business performance and future growth plans. "Our strategy is to deliver competitive returns and grow earnings, including integration opportunities with our upstream business." Wirth added, "We have a focused refining and marketing portfolio with strategically located and competitive assets. Our petrochemicals business leads its industry, and we continue to target profitable growth opportunities, primarily in chemicals and lubricants."

Pat Yarrington, vice president and chief financial officer, highlighted Chevron's continued financial strength, capital spending outlook, and asset divestment plans. "Our objective is to reward our shareholders through both share price appreciation and higher dividends. We've been able to sustain increasing shareholder distributions and, at the same time, reinvest for future growth. We believe we've balanced these objectives well, and that our existing portfolio and new investment projects will support continued value growth for our shareholders," Yarrington said.

About Chevron

Chevron (NYSE: CVX) is one of the world's leading integrated energy companies, with subsidiaries that conduct business worldwide. The company's success is driven by the ingenuity and commitment of its employees and their application of the most innovative technologies in the world. Chevron is involved in virtually every facet of the energy industry. The company explores for, produces and transports crude oil and natural gas; refines, markets and distributes transportation fuels and other energy products; manufactures and sells petrochemical products; generates power and produces geothermal energy; provides energy efficiency solutions; and develops the energy resources of the future, including biofuels. Chevron is based in San Ramon, Calif.


Origine : Communiqué CHEVRON

Voir la fiche entreprise de "CHEVRON"



Les dernières news de "CHEVRON"



Toutes les news de "CHEVRON"
 
 
Rechercher une news



française internationale








 
Les dernières news internationales


>> Toute l'actualité internationale     >> RSS
 
Recherche de news par tags

abu-dhabi adnoc aker-solutions algeria alstom amec anadarko angola apache australia axens azerbaijan baker-hughes barents-sea bechtel bg-group bp brazil canada carburant cbi centrica cgg chevron china cnooc cnpc co2 commission-europeenne compressor conocophillips consommation cpdp deepwater discovery drilling e-on edf egypt emerson engie engineering eni equinor eu exxonmobil feed flng flowline fluor fluxys fmc foster-wheeler fpso fsru fugro gabon gas gaz gazprom gazprom-neft gdf-suez ge ghana gnl gouvernement gtt gulf-of-mexico hess ifp india indonesia inpex iraq jacobs jgc kazakhstan kbr keppel licence lng lukoil lundin maersk-drilling maersk-oil malaysia mcdermott mozambique natural-gas nigeria nigeria nord-stream north-sea norway novatek offshore omv opec pdvsa pemex petoro petrobras petrofac petronas pgnig pipeline platform qatar qatar-petroleum raffinerie refinery repsol rig riser rosneft russia rwe saipem santos saudi-aramco schlumberger seadrill shah-deniz shale-gas shell siemens sinopec socar sonangol sonatrach south-stream statoil subsea subsea-7 tap technip technipfmc total transocean tullow turbine ufip uk vallourec vessel vopak well wintershall wood-group woodside



Europétrole © 2003 - 2019