Insight
Strategy Update: Chevron's 2022 Investor Day
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Higher returns and lower carbon were again major themes at Chevron’s 2022 Investor Day. The combination of higher prices and capital discipline are resulting in record free cash flow generation for the company. There were no big changes in strategy, possibly reflecting Chevron’s level of contentment with its portfolio at US$100/bbl Brent. The company has worked hard to position its portfolio to outperform at low and high prices. But the company will not increase investment despite high near-term prices and is still preparing the portfolio for a US$50-60/bbl Brent environment long-term.
Table of contents
- Executive Summary
- Our take
- Consistent financial priorities
- Advancing a low carbon future in Upstream
-
Accelerating lower carbon businesses
- Hydrogen
- CCUS and emission reductions
Tables and charts
This report includes the following images and tables:
- Majors' low carbon investment guidance
- Chevron 2022 Investor Day
- WM's base-case production forecast
- Majors' biofuels/renewable fuels targets
- Chevron 2022 Investor Day
What's included
This report contains:
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