Asset Report
Chevron - Lower 48 upstream
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Chevron's L48 upstream position is anchored by an expansive footprint in the Permian where the company produces around 1 million boe/d. We estimate that just over half of CVX’s remaining upstream value is derived from its US operations with 30% from the Permian Basin. The Major has recently transitioned from growth mode to cash flow optimization in its Permian and broader US shale program. Going forward, the focus will be on operational and cost improvements as the company looks to maintain its production plateau beyond the next decade.
Table of contents
- US tight oil production plateau
- Tight oil technology program
- Permian behind-the-meter power project
- Upside
- Risks
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Rockies
- Upside
- Risks
- Upside
- Risks
- Emissions reductions targets
- Emissions forecast
- Price assumptions
- Resource
- Inflation
- Discount rate
- Methodology
Tables and charts
This report includes the following images and tables:
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NPV10 valuation, millionsNet acreage - Core assetsNet cash flow (US$ million)
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Well inventory through 2044Permian productionPermian developmentChevron Permian leasehold and operated wellsRockies production by playRockies developmentChevron Denver Julesburg Basin leasehold and operated wellsChevron Williston Basin leasehold and operated wellsGulf Coast production
- 7 more item(s)...
What's included
This report contains:
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