Chevron CEO Wirth on Permian Investments, Energy Demand, M&A

The transcript discusses the company's investment strategy, focusing on the Permian Basin and other unconventional resources. It outlines financial priorities, including dividend growth and debt management, and provides insights into mergers and acquisitions. The company emphasizes its commitment to oil and gas while exploring future energy solutions like carbon capture, hydrogen, and geothermal. The approach is methodical, balancing high returns with lower carbon initiatives.

What percentage of the company's capital spending is expected to go to unconventionals by 2025?

• 50%

• 60%

• 75%

• 80%

Which of the following is NOT one of the company's financial priorities?

• Sustaining and growing the dividend

• Share repurchases

• Organic capital investments

• Increasing debt

How does the company view the role of current oil prices in their M&A strategy?

• As a primary driver for acquisitions

• As irrelevant to their strategy

• As a factor in evaluating company value

• As a reason to avoid acquisitions

What is the company's stance on its core business in the next 10 to 20 years?

• Shifting away from oil and gas

• Remaining committed to oil and gas

• Focusing solely on renewable energy

• Exiting the energy sector

Which alternative energy solution is NOT mentioned as an area of investment?

• Solar energy

• Geothermal

• Hydrogen

• Carbon capture and storage

What approach does the company take towards emerging technologies?

• Immediate divestment from traditional energy

• Cautious and methodical investment

• Rapid and large-scale investment

• Avoidance of new technologies

What is the company's view on balancing investments?

• Ignore both returns and carbon

• Balance high returns with low carbon

• Focus only on high returns

• Focus only on low carbon