HOUSTON–( BUSINESS WIRE )– Mike Wirth, Chairman and CEO of… Chevron Corporation (NYSE:), will participate in the Goldman Sachs Energy, Clean Technology and Utilities 2025 Conference on Wednesday, January 8, 2025, at 9:00 a.m. ET, to discuss the company's strategy and the company's primary goal of achieving higher returns. Low carbon and high shareholder value in any business environment.
Please visit here to watch a live webcast of the conversation.
Chevron is one of the world's leading integrated energy companies. We believe that affordable, reliable and always clean energy is essential to enabling human progress. Chevron produces and ; It manufactures transportation fuels, lubricants, petrochemicals and additives; And develop technologies that enhance our business and the industry. We aim to grow our oil and gas business, reduce the carbon intensity of our operations and grow low-carbon businesses in renewable fuels, carbon capture and offset, hydrogen and other emerging technologies. More information about Chevron is available at www.chevron.com.
Cautionary statements related to forward-looking information for the purpose of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995
This press release contains forward-looking statements and statements relating to Chevron's low-carbon strategy and operations that are based on management's current expectations, estimates and projections about the petroleum, chemical and other energy-related industries. Words or phrases such as anticipate, anticipate, intend, plan, aim, advance, commit, move, aim, forecast, projects, believe, approach, seek, timetables, estimates, positions, seek, advance, may, could, could, should , will, budgets, forecasts, directions, direction, focus, on track, goals, objectives, strategies, opportunities, balanced, potential, ambitions, ambitions and similar expressions, and variations or negatives of these words, are intended to identify such statements. Forward-looking statements, but not all forward-looking statements include such words. These statements are not guarantees of future performance and are subject to numerous risks, uncertainties and other factors, many of which are beyond the Company's control and difficult to predict. Therefore, actual results and results may differ materially from what is expressed or anticipated in such forward-looking statements. The reader should not place undue reliance on these forward-looking statements, which speak only as of the date of this presentation. Unless legally required, Chevron undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise.
Important factors that could cause actual results to differ materially from those in forward-looking statements include: changes in crude oil and natural gas prices and demand for the Company's products, and curtailment of production due to market conditions; Crude oil production quotas or other measures that may be imposed by the Organization of the Petroleum Exporting Countries and other producing countries; technological progress; changes in government policies in the countries in which the Company operates; Public health crises, such as epidemics and pandemics, and any related government policies and procedures; disruptions in the Company's global supply chain, including supply chain constraints and escalating costs of goods and services; changing economic, regulatory and political environments in the various countries in which the Company operates; General domestic and international economic, market and political conditions, including the military conflict between Russia and Ukraine, the conflict in Israel and the global response to such hostilities; changing refining, marketing and chemicals margins; the Company's ability to achieve expected cost savings and efficiencies associated with the organization's structural cost reduction initiatives; actions of competitors or regulators; Timing of exploration expenditures. Timing of crude oil lifting operations; the competitiveness of alternative energy sources or product substitutes; developing large markets for carbon capture and offset; The results of operations and financial condition of the Company's suppliers, vendors, partners and subsidiaries; inability or failure of the Company's joint venture partners to finance their interest in operations and development activities; the potential failure to achieve expected net production from current and future crude oil and natural gas development projects; potential delays in the development, construction or commencement of planned projects; Potential disruption or interruption of the Company's operations due to war, accidents, political events, civil unrest, severe weather, cyber threats, acts of terrorism, or other natural or human causes beyond the Company's control; potential liability for remedial actions or assessments under existing or future environmental regulations and litigation; significant operational, investment or product changes made or required under existing or future environmental laws and regulations, including international agreements and national or regional legislation and regulatory measures relating to greenhouse gas emissions and climate change; potential liability resulting from pending or future litigation; the risk that regulatory approvals and approvals relating to the Hess Corporation (NYSE:) (Hess) transaction may not be obtained or obtained on terms not anticipated by the Company and Hess; potential delays in completing the Hess Transaction, including as a result of ongoing arbitration proceedings regarding preemptive rights in the Stabroek Block Joint Operating Agreement; the risks that this ongoing arbitration will not be resolved satisfactorily and that a potential transaction will fail to consummate; Uncertainty as to whether the potential transaction, if completed, will achieve its expected economic benefits, including the outcome of risks associated with third-party contracts that contain material consent, non-assignment, transfer, or other provisions that may be relevant to the potential transaction that are not is waived or resolved satisfactorily; the Company's ability to integrate Hess' operations in a successful manner and in the expected time period; the possibility that any of the anticipated benefits and synergies of the potential transaction may not be realized or realized within the expected time period; the Company's future acquisitions or dispositions of assets or stock or delay or failure to close such transactions based on required closing conditions; the potential for gains and losses on asset dispositions or impairment; government-mandated sales, divestitures, recapitalizations, taxes, tax audits, tariffs, sanctions, changes in financial terms or restrictions on the scope of the Company's operations; Movements of foreign currencies relative to the US dollar; High inflation and related effects; Material reductions in corporate liquidity and access to debt markets; changes in the Company's capital allocation strategies; the effects of changed accounting rules under generally accepted accounting principles issued by rule-making bodies; the Company's ability to identify and mitigate risks and dangers inherent in operating in the global energy industry; and the factors set forth under the heading Risk Factors on Pages 20 through 26 of the Company's 2023 Annual Report on Form 10-K and in subsequent filings with the SEC. Other unanticipated or unknown factors not discussed in this presentation could also have a material adverse effect on forward-looking statements.
View source version on Businesswire.com: https://www.businesswire.com/news/home/20250104437847/en/
Investors:
Jake Spearing
Chevron
investment@chevron.com
Media:
Ross Allen
+1 (713) 372-6497
Source: Chevron Corporation
