Investor Presentaiton
Winning combination
Disciplined growth
Lower carbon
Higher cash
CO2
Affirmed production growth of
>3% CAGR by 2027
Progress toward
Upstream CO, intensity
2
reduction target²
Raised annual buyback
guidance to $10 - $20 billion
Maintain $13 - $15 billion' in
capex through 2027
Note: The figures on this slide represent the company's previously announced guidance and targets.
1 In addition to our capital expenditure guidance of $13 - $15 billion through 2027, our affiliate capital
expenditure guidance is $2 billion from 2024 through 2027.
See Appendix for reconciliation of non-GAAP measures and slide notes providing definitions, source
information, calculations, and other information.
© 2023 Chevron
On track for 2030 renewable
fuels target
2 Target 35% reduction in Upstream CO2 intensity from 2016 baseline.
Chevron
.ill $
Expect >10% FCF
average annual growth³
3 FCF at $60 Brent, $4.50 Henry Hub, $13.50 international LNG, mid-cycle refining and chemical margins, and
excludes working capital.
36
56View entire presentation