Insight
Strategy update: Chevron's 2023 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
For the third consecutive year, Chevron’s mantra of higher returns and lower carbon was felt throughout its investor day. There were no major overhauls to long-term strategy, but the event provided new clarity surrounding its five-year outlook. The company affirmed its production growth target of 3% p.a. through 2027 and extended its return on capital employed (ROCE) target of 12% through the same year at US$60/bbl Brent. The Permian, Tengiz, and Gulf of Mexico will be the primary drivers of production growth and margin improvement.
Table of contents
- Executive Summary
- Upside leverage and downside resilience
- Returns-focused production growth
-
Advancing a lower carbon future
- Renewable fuels
- CCUS
- Hydrogen
Tables and charts
This report includes the following images and tables:
- Chevron's 2023 Investor Day
- WM base-case production forecast
- Chevron's 2023 Investor Day
- Biofuels capacity/production targets
- CCUS net capacity ramp-up based on announced project dates
What's included
This report contains:
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