Downstream

chivalrousslateΠετρελαϊκά και Εξόρυξη

8 Νοε 2013 (πριν από 3 χρόνια και 9 μήνες)

159 εμφανίσεις

© 2009 Chevron Corporation
Global Downstream
Mike Wirth
Executive Vice President
Downstream Themes
© 2009 Chevron Corporation
2
Performance
Strategy
Competitiveness
2008 Accomplishments
World
-
Class Safety
© 2009 Chevron Corporation
0.00
0.10
0.20
0.30
0.40
2003
2004
2005
2006
2007
2008
3
Total Days Away From Work Rate
2003

2008
2008 Accomplishments
Record Reliability
© 2009 Chevron Corporation
4
Solomon Utilization
Chevron vs. International Majors
2005
2008
6.6
%
increase
Chevron Utilization
(Solomon basis)
2000
2002
2004
2006
2008
75%
80%
85%
90%
Competitor Range
(latest available data)
Chevron
The eight majors tracked by Solomon
Chevron
Competitive ROCE
Global Downstream ROCE
Rank
Effective execution
improves returns
5
© 2009 Chevron Corporation
International Majors: CVX, BP, RDS, XOM
2005
2006
2007
2008
1
2
3
4
14.2
%
Ranking shown above is based on Downstream’s adjusted earnings. Reconciliation to non
-
GAAP earnings
measure for Chevron is available at www.chevron.com under Investors.
Downstream Themes
© 2009 Chevron Corporation
6
Performance
Strategy
Competitiveness
Improve returns and
selectively grow, with
a focus on integrated
value creation
Operational excellence
in base business
Disciplined investment
in refinery flexibility and yield
Focused portfolio
high
-
grading
Right Strategies to Leverage
Portfolio and Capabilities
© 2009 Chevron Corporation
7
Demand Outlook
2007

2017
8
By Region
12 MMBD
increase
By Product
© 2009 Chevron Corporation
Asia is the primary
engine of growth
Distillate growth
continues globally
Americas
Asia
Africa / ME
Europe / FSU
Gasoline
LPG/Naphtha
12 MMBD
increase
Source: Wood Mackenzie

Updates through February 2009
Other
Distillate
(diesel, jet)
Advantaged Pacific Rim
North America
Asia
-
Pacific
80
% of Chevron
Refining Capacity
65
% of Liquids
Demand Growth
9
© 2009 Chevron Corporation
Major
Refineries
Source: EIA June 2008 International Energy Outlook and Company Data
Hydroprocessing Technology Leadership
10
Hydrocracking Relative to FCC
Data Source: Oil and Gas Journal

Distillate flexibility

Premium base oil
production
© 2009 Chevron Corporation
North America and Asia
-
Pacific Refineries
80%
60%
40%
20%
0%
Downstream Themes
11
© 2009 Chevron Corporation
Performance
Strategy
Competitiveness
-
5
10
15
20
Strong Competitive Position
North America

Large facilities
are complex

Small facilities in
niche positions

Hydrocracking
technology

Top brand position

Markets with
population growth
© 2009 Chevron Corporation
12
Net Refining Margin
U.S. $/BBL
Cumulative Volume MMBD
Source: PFC Model and 2008 Price Set
1st Quartile
2nd Quartile
3rd Quartile
4th Quartile
0
15
30
Strengthen Competitive Position
and Reduce Costs
Safe & Reliable Operations

Reduce Incident Costs
© 2009 Chevron Corporation
13
Supply Efficiency

Reduce Finished Product Costs
Flexibility

Reduce Raw Material Costs
Portfolio

Reduce Operating Costs
Sustaining Reliability

Reliability culture and
investments

Proactive maintenance
approach

Applying advanced
technology

Improving energy
efficiency
© 2009 Chevron Corporation
14
Investing in Flexibility and Reliability
© 2009 Chevron Corporation
15
2009 Refining Capital
Feedstock /
Yield
Regulatory
Reliability /
Energy
52
%
25
%
23
%
Improving Competitiveness
El Segundo

Crude flexibility, reliability, yield

Scheduled completion:
2010

2011
Richmond

Crude flexibility, reliability,
energy efficiency

Scheduled completion: 2010
© 2009 Chevron Corporation
16
Improving Competitiveness
Pascagoula

Reliability, utilization, yield

Scheduled completion: 2010
Yeosu

Crude flexibility, reliability, yield

Scheduled completion: 2010
17
© 2009 Chevron Corporation
Applying Technology and Ingenuity
18
© 2009 Chevron Corporation
Base Business
Flexibility

Heavy oil technology

Proprietary catalysts
Increase
Margins

Advanced real
-
time
inspection techniques

Reactor internals

Automation
Improve
Reliability
Photo courtesy of Rosen USA
Efforts Paying Off
2007

2011
Feedstock costs
reduced
$
1.00
BBL
Product costs
reduced
$
0.30
BBL

Crude selection

Refining modifications

Demand forecasting

Integrated scheduling

Blend optimization

Channel/customer optimization
© 2009 Chevron Corporation
19
20
Improving Marketing Returns
2005
66
%
reduction
2010
Lubricants
Product Line
Complexity
Thousand Inventory Units
2005
2010
Fuels
Property, Plant and
Equipment
$ Billions
25
%
reduction
15
5
3.9
2.9
© 2009 Chevron Corporation
Brazil
Western
Africa
Nigeria
Kenya
Uganda
2009 Portfolio Exits Reduce Costs
and Capital Employed
© 2009 Chevron Corporation
21
Exit Locations
Operating
Expense
Workforce
1,500
$
0.9 B
Capital
Employed
$
0.3 B
Exits Underway
9
Well
-
Positioned for Today and the Future
22
© 2009 Chevron Corporation

Safety

Utilization

Earnings

ROCE

Advantaged
footprint

Invest for flexibility
and reliability

Portfolio high
-
grading

Superior refining
assets

Cost reduction

Sustain utilization

Technology
application
Performance
Strategy
Competitiveness
© 2009 Chevron Corporation
Questions and Answers
© 2009 Chevron Corporation
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