How Will Chevron’s Production Grow In The Next Few Years?

+7.13%
Upside
156
Market
167
Trefis
CVX: Chevron logo
CVX
Chevron

Chevron Corporation (NYSE:CVX), the US-based integrated energy company, has proved reserves of almost 11.2 billion barrels of oil equivalent and market value of $193 billion. The company operates in both upstream as well as downstream segments of the oil and gas industry. Over the last five years, the company has managed to steadily grow its natural gas operations at about 1% annually. However, it has been unable to sustain a similar growth in its liquids production, which has declined at more than 2.5% per year between 2010 and 2015. A large portion of this decline in liquids production is attributable to the commodity downturn that began in the second half of 2014.

CVX-Q&A-1

While the outlook for commodity markets remains uncertain, we expect to see a gradual recovery in crude oil prices over the remaining years of this decade, which will augment a steady improvement in Chevron’s liquids production by 2021.

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Notes:

1) The purpose of these analyses is to help readers focus on a few important things. We hope such lean communication sparks thinking, and encourages readers to comment and ask questions on the comment section, or email content@trefis.com
2) Figures mentioned are approximate values to help our readers remember the key concepts more intuitively. For precise figures, please refer to our complete analysis for Chevron

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