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HOUSTON–( BUSINESS WIRE )–Mike Wirth, Chairman and CEO Chevron Corporation (NYSE: NYSE: ), at the Goldman Sachs Energy, CleanTech and Utilities Conference 2025. In the year In the year In the year In the year At 9:00 AM ET Wednesday 2025 will be involved in corporate strategy and the Company’s primary objective to deliver higher revenues. Low carbon and superior shareholder value in any business environment.
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Chevron is one of the world’s leading integrated energy companies. We believe that affordable, reliable and always clean energy is essential to enable human development. Chevron produces and; manufactures transportation fuels, lubricants, petrochemicals and additives; And develops technologies that will grow our business and industry. We aim to grow our oil and gas businesses, reduce the carbon footprint of our operations and grow our low carbon businesses through renewable fuels, carbon capture and offsets, hydrogen and other new technologies. More information about Chevron is available at www.chevron.com.
Important Cautionary Statements for Forward-Looking Information for the Purposes of the Safe Harbor Provision of the Private Securities Litigation Amendment Act of 1995
This news release contains forward-looking images and statements based on Chevron’s low carbon strategy and management’s current expectations, estimates and forecasts about the petroleum, chemicals and other energy-related industries. Words or phrases such as anticipate, expect, intend, plans, goals, progress, operations, drivers, objectives, forecasts, projects, believe, approaches, seek, schedule, estimates, positions, pursue, progress, can, may, shall; Budget, Attitude, Trends, Direction, Focus, On Track, Goals, Objectives, Strategies, Opportunities, Readiness, Potential, Wishes, Aspirations and the like. Expressions, and variations or negatives of such terms, are intended to identify such 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 are difficult to predict. Therefore, actual results and outcomes could differ materially from those expressed or predicted in forward-looking statements. The reader should not place undue reliance on forward-looking statements that speak only as of the date of this presentation. Except as required by law, Chevron undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise.
Among the main factors that could cause actual results to differ from the forward-looking statements are: changes in crude oil and natural gas prices and demand for the Company’s products and production declines due to market conditions; Crude oil production quotas or other actions that may be imposed by the Organization of the Petroleum Exporting Countries and other producing countries; Technological developments; changes in government policies in the countries where the company operates; public health crises such as epidemics and epidemics and any related government policies and measures; disruptions in the Company’s global supply chain, including supply chain restrictions and increases in the cost of goods and services; changing economic, regulatory and political environments in the various countries where 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 these conflicts; Changing refining, marketing and chemical margins; the Company’s ability to realize expected cost savings and efficiencies associated with corporate structural cost reduction initiatives, actions of competitors or regulators; Time of exploration costs; Crude oil extraction time; Competitiveness of alternative energy sources or product substitutes; Development of large scale carbon capture and offset markets; the results of the operating and financial condition of the company’s suppliers, vendors, partners and equity partners; Inability or inability of the company’s joint-venture partners to support their share of operations and development activities; inability to achieve expected net production from existing and future crude oil and natural gas development projects; potential delays in the development, construction or commencement of proposed projects; interruption or disruption of the Company’s operations due to war, disaster, 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 corrective actions or assessments in existing or future environmental regulations and litigation; liability arising from pending or future litigation, significant changes in operations, investments or production made or required by existing or future environmental laws and regulations, including international agreements and national or regional laws and regulatory measures, including greenhouse gas emissions and climate change; the risk that regulatory approvals and approvals related to the Hess Corporation (NYSE:) (Hess) transaction are not obtained or are obtained due to circumstances unforeseeable by the Company and Hess; delays in completing the Hess transaction due to ongoing arbitration proceedings regarding preemption rights in the Stabroek Block joint working agreement; the risks that such ongoing arbitration is not satisfactorily resolved and the potential transaction is not consummated; Due to risks associated with third-party contracts, including material covenants, anti-assignment, transfer or other provisions related to the transaction, uncertainty as to whether the potential transaction will achieve expected economic benefits if consummated. have not been removed or otherwise satisfactorily resolved; the Company’s ability to integrate Hess’s operations successfully and within the expected timeframe; the possibility that any of the anticipated benefits and planned transactions may not be achieved or materialize within the expected time frame; future acquisitions or acquisitions of the Company’s assets or shares or the delay or failure of such transactions depending on the required closing conditions; the potential for losses from property impairments or impairments; Government-mandated sales, divestitures, recapitalizations, taxes and tax audits, tariffs, sanctions, changes in budget terms or restrictions on the company’s scope of work; Foreign currency movements against the US dollar; hyperinflation and related effects; Material reductions in corporate liquidity and access to debt markets; changes in the company’s capital allocation strategy; Effects of changes in accounting rules in generally accepted accounting principles, issued by governing bodies; The company’s ability to identify and mitigate risks and hazards when 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 its filings with the U.S. Securities and Exchange Commission. Other unforeseen or unknown circumstances not discussed in this presentation could have a material adverse effect on forward-looking statements.
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Investors:
Jake Spearing
Chevron
invest@chevron.com
Media:
Ross Allen
+1 (713) 372-6497
Source: Chevron Corporation