How Will Chevron’s Production Grow In The Next Few Years?
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.
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.
Have more questions about Chevron (NYSE:CVX)? See the links below:
- Is LNG The Next Big Thing For Oil And Gas Companies?
- Chevron’s 2Q’16 Earnings To Be Severely Hit Due To Persistently Low Commodity Prices
- What’s Chevron’s Revenue & Earnings Breakdown In Terms of Different Products?
- What’s Chevron’s Fundamental Value Based On Expected 2016 Results?
- What Has Led To More Than 30% Decline In Chevron’s Revenues & EBITDA In The Last Five Years?
- How Has Chevron’s Revenue Composition Changed In The Last Five Years?
- By What Percentage Can Chevron’s Revenues Grow Over the Next Five Years?
- Why Crude Oil & NGLs Operations are 3x As Valuable As Refined Products Operations For Chevron?
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