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Dynamic quotes 
OFFON

CHEVRON CORPORATION

(CVX)
  Report
Delayed Quote. Delayed Nyse - 01/21 04:10:00 pm
126.91 USD   -1.20%
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Chevron : Designing for a lower carbon future

11/24/2021 | 01:30pm EST
featuredesigning for a lower carbon future

"Colorful Colorado" is just one way to describe this state graced with the magnificent scenery of mountains, rivers and plains. Maintaining that beauty is one of the reasons Chevron's Rockies Business Unit is reimagining what responsibly producing oil and gas looks like, with the goal of a lower carbon future.

A new facility design in the DJ Basin of Colorado, which includes operating without production tanks, flowback equipment or flare systems, is expected to reduce overall carbon intensity by up to 90% when compared to legacy designs.

The surface footprint is also reduced by more than 95% and represents a 15% to 20% lower life-cycle cost facility design from prior generations.

This is all accomplished through electrical power, modern flowback technology and producing spec oil direct to pipeline.

Electric power essentially means electrifying the rig, which reduces local emissions, reduces over-the-road truck traffic because of no need for deliveries of fuel, and makes the location more ear-friendly due to the lack of onsite generators.

Learn more about this innovative design and how the team collaborated to make it a reality.

Published: November 2021

Disclaimer

Chevron Corporation published this content on 24 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 November 2021 18:29:03 UTC.


© Publicnow 2021
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Financials (USD)
Sales 2021 159 B - -
Net income 2021 16 129 M - -
Net Debt 2021 26 761 M - -
P/E ratio 2021 14,9x
Yield 2021 4,20%
Capitalization 245 B 245 B -
EV / Sales 2021 1,71x
EV / Sales 2022 1,49x
Nbr of Employees 47 736
Free-Float -
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Technical analysis trends CHEVRON CORPORATION
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Income Statement Evolution
Consensus
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Mean consensus BUY
Number of Analysts 30
Last Close Price 126,91 $
Average target price 135,55 $
Spread / Average Target 6,81%
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Managers and Directors
Michael K. Wirth Chairman & Chief Executive Officer
Brant Thomas Fish President-Downstream & Chemicals
Pierre R. Breber Chief Financial Officer & Vice President
Eimear Bonner President-Technical Center & Vice President
Ronald D. Sugar Lead Independent Director
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