downstream & chemicals

Size: px
Start display at page:

Download "downstream & chemicals"

Transcription

1 downstream & chemicals Pierre Breber Executive Vice President 016 Chevron Corporation 1

2 A strong worldwide portfolio Fuels refining & marketing Integrated value chains Portfolio 015 capital employed Chemicals Cost advantaged, globally positioned 35 % 65 % 018 capital employed 4 % 58 % Value chains Refinery Chemicals & lubricants Refining & marketing Chemical plant Chemical sales office Additives manufacturing & supply 016 Chevron Corporation

3 Strategy focused on competitive returns Deliver competitive returns and grow earnings across the value chain Improve operational excellence Grow higher return segments Petrochemicals Lubricants and additives Focused refining and marketing Integration with upstream Increase near-term cash 016 Chevron Corporation 3

4 Themes fundamentals performance growth 016 Chevron Corporation 4

5 Demand growth points to attractive segments global product demand growth Compound annual growth rate Premium Base Oil Petrochemicals* Additives Finished Lubricants Distillate global fuels demand growth MMBD Gasoline 0% 5% - North America Europe / Middle East Latin America Asia Pacific *Ethylene, propylene, butadiene, benzene, and paraxylene Gasoline Distillate 016 Chevron Corporation Source: NexantThinking, Kline & Company, Wood Mackenzie and Chevron estimates 5

6 Impact of lifting the U.S. crude export ban Advantages Levels the playing field U.S. light-sweet crude gets global parity pricing U.S. heavy coking margins improve relative to U.S. light cracking margins 015 U.S. crude capacity by region 100% 50% Minimal impact to California refiners Chevron Industry West coast Gulf coast Mid-continent East coast 016 Chevron Corporation Source: EIA as of November 015 6

7 Refining portfolio in more profitable regions Evolving refining landscape Net cash margins $ per barrel North America Advantage continues 6 Asia Product balances improve longer-term 4 Europe / Middle East Higher complexity improves average margins 0 - North America Asia Middle East / Europe average projected average 016 Chevron Corporation Source: IHS estimates 7

8 Chemicals portfolio advantaged feedstock Chemicals profitability Oil / gas price ratio continues to benefit lighter feedstocks North America ethane remains advantaged Ethylene cash costs $ per metric ton 1, Lower crude price lessens Asia naphtha disadvantage Integrated polyethlylene margins remain strong Middle East Ethane North America Ethane Asia Naphtha average projected average 016 Chevron Corporation Source: NexantThinking 8

9 Themes fundamentals performance growth 016 Chevron Corporation 9

10 Strong financial performance 6 $ 4.88 per barrel* 015 adjusted earnings 30% 3.6 % 015 adjusted ROCE % 10% CVX ranking relative to competitors, 1 being the best Competitor range: BP, RDS, TOT, XOM CVX ranking relative to competitors, 1 being the best Competitor range: BP, RDS, TOT, XOM *Excludes chemicals; TOT data includes base chemicals 016 Chevron Corporation Source: Public information handled on a consistent basis and Chevron estimates. Excludes special items Reconciliation to non-gaap earnings measure for Chevron can be found in the Appendix of this presentation 10

11 Chevron Phillips Chemical delivers results Strong earnings Growing pre-productive capital Competitive portfolio Cost, technology and scale Returns EBITDA / Average assets* 40% 0% Advantaged feed North America & Middle East Reliable supplier Peer-leading customer satisfaction Utilization average** CPChem Industry CPChem Ranking Competitor Range: XOM, LYO, DOW, WLK, BAK, Borealis * Adjusted for non-operational earnings 75% 85% 95% * * Ethylene, polyethylene & polypropylene 016 Chevron Corporation Source: Public information handled on a consistent basis and CPChem estimates. Excludes special items Utilization based on NexantThinking and CPChem data 11

12 Sustained reliability Top-tier sustained performance Results from base business investments Solomon utilization Chevron vs. international majors 85% 80% 75% Improved turnaround performance 70% CVX ranking relative to competitors Competitor Range (international majors tracked by Solomon) 016 Chevron Corporation Source: Solomon Associates and Chevron data 1

13 Superior energy efficiency Top-tier sustained performance Energy efficiency performance Chevron vs. international majors 115 Continued energy use reduction Improved reliability CVX ranking relative to competitors Competitor Range (international majors tracked by Solomon) 016 Chevron Corporation Source: Solomon Associates and Chevron data 13

14 Portfolio actions Asset divestment proceeds B/T 015 divestments Caltex Australia, Pakistan fuels, New Zealand refining, other fuels $ 14 billion 015 $ 4 billion 015 initial public offering Star Petroleum Refining Public Company Limited divestments Hawaii, New Zealand retail, South Africa 015 portfolio actions 016 Chevron Corporation 14

15 Themes fundamentals performance growth 016 Chevron Corporation 15

16 Chevron Phillips Chemical USGC petrochemicals project Overview 1,500 kmta ethylene, Baytown, Texas 1,000 kmta polyethylene, Old Ocean, Texas 500 kmta HDPE 500 kmta LDPE Advanced proprietary technology Progress 70 % complete (>6,000 people onsite) Polyethylene reactors in-place Ethylene major compressors in place; furnace erection in progress Projected start-up Chevron Corporation 16

17 Integrated lubricants business positioned for growth Premium base oil Leading producer, global slate Well positioned for evolving specifications globally Flexible global base oil supply chain Finished lubricants Targeting key growth markets Formulation technology expertise Strong global brands Additives Increasing supply capabilities across Asia Pacific 3 plants integrated with refineries 15 supply hubs Distributive areas 016 Chevron Corporation 17

18 Other major projects Oronite Singapore Carboxylate Addition Doubles global capacity of key, next-generation lubricants component Projected start-up 017 Singapore Refining Co. Clean Fuels & Cogeneration Increases capability to produce higher-value gasoline Improves energy efficiency Projected start-up 017 Richmond Refinery Modernization Improves efficiency, reliability Creates crude and product flexibility Projected start-up Chevron Corporation 18

19 Paced capital spending 016 capital expenditures by segment Chemicals & lubricants 59 % Refining & marketing 41 % Enables growth in chemicals and lubricants Supports safe and reliable refinery operations Capital expenditures by year $ Billion * 016 Chevron Corporation * Projected 19

20 Well positioned for today and the future fundamentals Sustain returns Operational excellence Focused portfolio Competitive assets performance Top-tier performance Safety Reliability Profitability growth Targeted growth Asia Chemicals Lubricants 016 Chevron Corporation 0

News Release Exxon Mobil Corporation 5959 Las Colinas Boulevard Irving, TX Telephone Facsimile

News Release Exxon Mobil Corporation 5959 Las Colinas Boulevard Irving, TX Telephone Facsimile News Release 5959 Las Colinas Boulevard Irving, TX 75039 972 444 1107 Telephone 972 444 1138 Facsimile FOR IMMEDIATE RELEASE FRIDAY, OCTOBER 30, 2015 ExxonMobil Earns $4.2 Billion in Third Quarter of 2015

More information

News Release Exxon Mobil Corporation 5959 Las Colinas Boulevard Irving, TX Telephone Facsimile

News Release Exxon Mobil Corporation 5959 Las Colinas Boulevard Irving, TX Telephone Facsimile News Release 5959 Las Colinas Boulevard Irving, TX 75039 972 444 1107 Telephone 972 444 1138 Facsimile FOR IMMEDIATE RELEASE FRIDAY, JULY 29, 2016 ExxonMobil Earns $1.7 Billion in Second Quarter of 2016

More information

Chevron 2016 Investor presentation

Chevron 2016 Investor presentation Chevron 2016 Investor presentation June 2016 Cautionary statement CAUTIONARY STATEMENT RELEVANT TO FORWARD-LOOKING INFORMATION FOR THE PURPOSE OF SAFE HARBOR PROVISIONS OF THE PRIVATE SECURITIES LITIGATION

More information

State of the Global Petrochemical Industry

State of the Global Petrochemical Industry VMA Market Outlook Workshop Session 9 - Petrochemicals August 8-9, 213 San Diego, CA State of the Global Petrochemical Industry Global Renaissance Challenges and Opportunities Mark Eramo Vice President,

More information

EXXON MOBIL CORPORATION ANNOUNCES ESTIMATED THIRD QUARTER 2014 RESULTS

EXXON MOBIL CORPORATION ANNOUNCES ESTIMATED THIRD QUARTER 2014 RESULTS News Release Exxon Mobil Corporation 5959 Las Colinas Boulevard Irving, TX 75039 972 444 1107 Telephone 972 444 1138 Facsimile FOR IMMEDIATE RELEASE FRIDAY, OCTOBER 31, 2014 EXXON MOBIL CORPORATION ANNOUNCES

More information

News Release Exxon Mobil Corporation 5959 Las Colinas Boulevard Irving, TX Telephone Facsimile

News Release Exxon Mobil Corporation 5959 Las Colinas Boulevard Irving, TX Telephone Facsimile News Release 5959 Las Colinas Boulevard Irving, TX 75039 972 444 1107 Telephone 972 444 1138 Facsimile FOR IMMEDIATE RELEASE FRIDAY, JULY 31, 2015 ExxonMobil Earns $4.2 Billion in Second Quarter of 2015

More information

presented at Platt s Petrochemical Seminar September 2013

presented at Platt s Petrochemical Seminar September 2013 OLEFINS IN NORTH AMERICA: ethylene production & coproduct supply in an environment of plentiful supplies low cost ethane knowledge to bridge the gap presented at Platt s Petrochemical Seminar September

More information

EXXON MOBIL CORPORATION ANNOUNCES ESTIMATED RECORD 2006 RESULTS

EXXON MOBIL CORPORATION ANNOUNCES ESTIMATED RECORD 2006 RESULTS News Release Exxon Mobil Corporation 5959 Las Colinas Boulevard Irving, TX 75039 972 444 1107 Telephone 972 444 1138 Facsimile FOR IMMEDIATE RELEASE THURSDAY, FEBRUARY 1, 2007 EXXON MOBIL CORPORATION ANNOUNCES

More information

Managing Petrochemicals with Confidence

Managing Petrochemicals with Confidence Managing Petrochemicals with Confidence Despite Energy Volatility and an Uncertain Global Economy Not more than five years ago, the market trajectory for petrochemicals seemed clearer than it does today.

More information

Meeting Domestic Gasoline Demand While Maximizing Integrated Value

Meeting Domestic Gasoline Demand While Maximizing Integrated Value SESSION 2: Trading, Pricing & Technology Meeting Domestic Gasoline Demand While Maximizing Integrated Value By: Charlie Hamlin, Global Business Director-Petrochemicals, Honeywell UOP Date: Monday, April

More information

KBR Olefins Technology Technology options to meet uncertain market conditions

KBR Olefins Technology Technology options to meet uncertain market conditions KBR Olefins Technology Technology options to meet uncertain market conditions 4 th Petrochem Conclave Delhi, 12 th February 2015 2015 KBR, Inc. All Rights Reserved 1 Sourabh Mukherjee Agenda World Olefins

More information

Chevron Reports Fourth Quarter Net Income of $7.2 Billion And 2012 Earnings of $26.2 Billion

Chevron Reports Fourth Quarter Net Income of $7.2 Billion And 2012 Earnings of $26.2 Billion Policy, Government and Public Affairs Chevron Corporation P.O. Box 6078 San Ramon, CA 94583-0778 www.chevron.com FOR RELEASE AT 5:30 AM PST FEBRUARY 1, 2013 Chevron Reports Fourth Quarter Net Income of

More information

State of the Oil Markets?

State of the Oil Markets? State of the Oil Markets? U.S. and Global Refining Prospects John R. Auers, P.E. Executive Vice President Washington DC February 17, 2016 U.S. Refining is YUGE! 2 What Determines Refining Winners? Refined

More information

Global Downstream Sector Slump: Will It Drive Out The Big Integrated Oil Companies From The Refining Sector?

Global Downstream Sector Slump: Will It Drive Out The Big Integrated Oil Companies From The Refining Sector? Will It Drive Out The Big Integrated Oil Companies From The Refining Sector? Publication Date: November 2009 GlobalData. This brief is a licensed product and is not to be photocopied Page 1 Will It Drive

More information

October 2014 Kagiso Asset Management Quarterly

October 2014 Kagiso Asset Management Quarterly October 2014 Kagiso Asset Management Quarterly Sasol and ethane pg 1 German residential real estate pg 5 Umicore s early starter advantage pg 13 www.kagisoam.com Sasol and ethane Abdul Davids - Head of

More information

The Dow Chemical Company. Dow & Saudi Aramco Embark on World s Largest Chemicals Project to Drive Downstream Growth

The Dow Chemical Company. Dow & Saudi Aramco Embark on World s Largest Chemicals Project to Drive Downstream Growth The Dow Chemical Company Dow & Saudi Aramco Embark on World s Largest Chemicals Project to Drive Downstream Growth July 25, 2011 SEC Disclosure Rules Some of our comments today may include statements about

More information

KBR Olefins Technology : Responding to the changing market needs of tomorrow Sourabh Mukherjee Indian Petrochem

KBR Olefins Technology : Responding to the changing market needs of tomorrow Sourabh Mukherjee Indian Petrochem KBR Olefins Technology : Responding to the changing market needs of tomorrow Sourabh Mukherjee Indian Petrochem - 2014 2014 KBR, Inc. All Rights Reserved 1 Ethylene Complex Utilities Waste Hydrocarbon

More information

ASPHALT SUPPLY IN A VOLATILE OIL WORLD. Bill Haverland ConocoPhillips Company

ASPHALT SUPPLY IN A VOLATILE OIL WORLD. Bill Haverland ConocoPhillips Company ASPHALT SUPPLY IN A VOLATILE OIL WORLD Bill Haverland ConocoPhillips Company Issues to be Discussed Crude Oil Supply Crude Oil Pricing Refining Capacity Products Supply Products Pricing Future of the Industry

More information

Abstract Process Economics Program Report 215 PETROLEUM REFINING PROFITABILITY (November 1995)

Abstract Process Economics Program Report 215 PETROLEUM REFINING PROFITABILITY (November 1995) Abstract Process Economics Program Report 215 PETROLEUM REFINING PROFITABILITY (November 1995) Conversion of crude oil is expected to remain the principal source of transportation fuels well into the next

More information

Naphtha Catalytic Cracking for Propylene Production by FCCU

Naphtha Catalytic Cracking for Propylene Production by FCCU Naphtha Catalytic Cracking for Propylene Production by FCCU Christopher Dean - HIGH Olefins Technology Services LLC Coking and CatCracking Conference New Delhi, India October 2013 Purpose (Objective) To

More information

US Chemical Manufacturing and Supply Chains

US Chemical Manufacturing and Supply Chains US Chemical Manufacturing and Supply Chains Opportunities for the Delmarva Peninsula 3 rd Annual Delmarva Freight Summit New Castle County Chamber of Commerce June 26, 2013 Agenda Project overview Chemical

More information

Outlook for Olefins & Polyolefins.and the Great Energy Price Deflation

Outlook for Olefins & Polyolefins.and the Great Energy Price Deflation IHS CHEMICAL Presentation Outlook for Olefins & Polyolefins.and the Great Energy Price Deflation Presented to: Indian Oil 4 th Petrochemical Conclave Tony Potter Vice President, APAC IHS Chemical Insight

More information

Refinery Evaluation Model

Refinery Evaluation Model Refinery Evaluation Model Refinery Evaluation Model Independent Appraisal of Refinery Competitive Position SATORP s Jubail Project: The rise of a new wave of export refineries Wood Mackenzie 0 Introduction

More information

Process Safety Management in Downstream

Process Safety Management in Downstream Process Safety Management in Downstream AIChE / SACHE 2014 Faculty Workshop Johnny Pak Manufacturing PSM and Reliability Manager August 18, 2014 Richmond, CA Topics Chevron s Downstream & Chemicals Organization

More information

Accelerating Progress of Chemical Refinery Integration (CRI) Project

Accelerating Progress of Chemical Refinery Integration (CRI) Project Special Feature: CRI Accelerating Progress of Chemical Refinery Integration (CRI) Project 14 Business Environment 1) Structural Changes of Petroleum Fuels Demand in Japan Domestic demand for petroleum

More information

Thank you for the kind introduction, and congratulations to the organizers of ANIQ for completing another very successful annual forum.

Thank you for the kind introduction, and congratulations to the organizers of ANIQ for completing another very successful annual forum. Thank you for the kind introduction, and congratulations to the organizers of ANIQ for completing another very successful annual forum. Today, I am going to discuss Wood Mackenzie s view about the opportunities

More information

Driven to Create Value Morgan Stanley Refining Corporate Access Day May 2016

Driven to Create Value Morgan Stanley Refining Corporate Access Day May 2016 Driven to Create Value Morgan Stanley Refining Corporate Access Day May 2016 2015 Corporation. All Rights Reserved. Forward Looking Statements This Presentation includes forward-looking statements within

More information

Adding Value to the Bakken NGLs

Adding Value to the Bakken NGLs Adding Value to the Bakken NGLs The Williston Basin Petroleum Conference Don Bari, Vice President, Technology and Analytics Groups IHS Chemical May 21, 2014 Bismarck, North Dakota 1 Who is IHS? We are

More information

ECONOMICS PROCESS ECONOMICS PROGRAM. Report No. 107. by JOHN L. CHADWICK. February 19 77. A private report by the STANFORD RESEARCH INSTITUTE

ECONOMICS PROCESS ECONOMICS PROGRAM. Report No. 107. by JOHN L. CHADWICK. February 19 77. A private report by the STANFORD RESEARCH INSTITUTE Report No. 107 OF CHEMICAL ECONOMICS REFINERIES by JOHN L. CHADWICK February 19 77 A private report by the PROCESS ECONOMICS PROGRAM STANFORD RESEARCH INSTITUTE I I MENLO PARK, CALIFORNIA For detailed

More information

First Quarter 2016 Earnings. April 22, 2016

First Quarter 2016 Earnings. April 22, 2016 First Quarter 2016 Earnings April 22, 2016 Cautionary Statement The statements in this presentation relating to matters that are not historical facts are forward-looking statements. These forward-looking

More information

Alternative On-purpose Production Methods for Propylene

Alternative On-purpose Production Methods for Propylene Alternative On-purpose Production Methods for Propylene Kerman N. Dukandar CB&I Global Propylene & Derivatives Summit A World of Solutions Changing Feedstock Slate Lower cost ethane feed is replacing naphtha

More information

Vopak Asia: Continuous growth

Vopak Asia: Continuous growth Vopak Asia: Continuous growth Capital Markets Day, 10 December 2013 Patrick van der Voort, Division President Asia Forward-looking statements This presentation contains forward-looking statements, based

More information

IMPLICATIONS OF LIGHT TIGHT OIL GROWTH FOR REFINERS IN NORTH AMERICA AND WORLDWIDE

IMPLICATIONS OF LIGHT TIGHT OIL GROWTH FOR REFINERS IN NORTH AMERICA AND WORLDWIDE IMPLICATIONS OF LIGHT TIGHT OIL GROWTH FOR REFINERS IN NORTH AMERICA AND WORLDWIDE January 2014 Tim Fitzgibbon, Matt Rogers The production of light tight oil (LTO) or unconventional oil in North America

More information

Chevron Reports First Quarter Loss of $725 Million

Chevron Reports First Quarter Loss of $725 Million FOR RELEASE AT 5:30 AM PDT APRIL 29, 2016 Chevron Reports First Quarter Loss of $725 Million San Ramon, Calif., April 29, 2016 Chevron Corporation (NYSE: CVX) today reported a loss of $725 million ($0.39

More information

Credit Suisse Basic Materials Conference

Credit Suisse Basic Materials Conference Credit Suisse Basic Materials Conference The Dow Chemical Company Jim Fitterling Executive Vice President and Recently announced Vice Chair, Business Operations September 17, 2014 The Dow Chemical Company

More information

INVESTOR TRIP - TEXAS CITY

INVESTOR TRIP - TEXAS CITY INVESTOR TRIP - TEXAS CITY GROWTH IN HYDROGEN Becoming The Investment In Industrial Gases, Surface Technologies, and Services November 22, 2002 Chuck McConnell, Vice President Dan Yankowski, Vice President

More information

The Case for U.S. Crude Exports. Aspen Institute Global Energy Forum July 9, 2014 Marianne Kah, Chief Economist

The Case for U.S. Crude Exports. Aspen Institute Global Energy Forum July 9, 2014 Marianne Kah, Chief Economist The Case for U.S. Crude Exports Aspen Institute Global Energy Forum July 9, 2014 Marianne Kah, Chief Economist Cautionary Statement The following presentation includes forward-looking statements. These

More information

ETHYLENE FEEDSTOCKS: surging ethane supplies, collapsing oil prices & the impact on coproduct butadiene supply

ETHYLENE FEEDSTOCKS: surging ethane supplies, collapsing oil prices & the impact on coproduct butadiene supply ETHYLENE FEEDSTOCKS: surging ethane supplies, collapsing oil prices & the impact on coproduct butadiene supply April 14, 216 International Institute of Synthetic Rubber Producers : an overview Founded

More information

Chevron Reports Fourth Quarter Net Income of $415 Million

Chevron Reports Fourth Quarter Net Income of $415 Million FOR RELEASE AT 5:30 AM PST JANUARY 27, 2017 Chevron Reports Fourth Quarter Net Income of $415 Million 95 percent oil and gas reserves replacement; spending down sharply in 2016 San Ramon, Calif., Jan.

More information

Rice Global E&C Forum Paris, 19 th March 2013 Gordon McManus Senior Analyst Delivering commercial insight

Rice Global E&C Forum Paris, 19 th March 2013 Gordon McManus Senior Analyst Delivering commercial insight Outlook Click to edit for the Master Global title Downstream style Sector Rice Global E&C Forum Paris, 19 th March 2013 Gordon McManus Senior Analyst Agenda 1 Demand Outlook 2 Global Crude Supply Developments

More information

Synthetic Base Oil Outlook - PAO

Synthetic Base Oil Outlook - PAO Synthetic Base Oil Outlook - PAO Agenda Overview of Chevron Phillips Chemical Polyalphaolefins Industry Update: A quick look at the production process and feedstock Advantages of the properties of PAOs

More information

Changing refinery economics and its impact on aromatics production

Changing refinery economics and its impact on aromatics production Changing refinery economics and its impact on aromatics production Shahrin Ismaiyatim, Editorial Director, Petrochemicals Analysis September 2013 2013 Platts, McGraw Hill Financial. All rights reserved.

More information

Petrochemical Industry

Petrochemical Industry Braskem >> The Company >> Petrochemical Industry Petrochemical Industry Brazil: Brief History of the Petrochemical Complexes in Brazil Overview of the Brazilian Petrochemical Industry The Role of Petrobras

More information

2017 Financial Outlook

2017 Financial Outlook 2017 Financial Outlook Nick Gangestad Sr. Vice President and CFO 2017 Outlook Meeting December 13, 2016 1 Finishing out 2016 Expecting positive organic growth in fourth quarter full-year trending to approximately

More information

first quarter 2016 earnings conference call and webcast

first quarter 2016 earnings conference call and webcast first quarter 2016 earnings conference call and webcast Pat Yarrington Vice President and Chief Financial Officer Joe Geagea Executive Vice President, Technology, Projects and Services Frank Mount General

More information

Where Are We in the Chemical Cycle? The US shale boom, macro factors and outlook

Where Are We in the Chemical Cycle? The US shale boom, macro factors and outlook Where Are We in the Chemical Cycle? The US shale boom, macro factors and outlook Joseph Chang, Global Editor March 16, 2012 EBDQUIM 6 th Annual Meeting Salvador de Bahia, Brasil Agenda Near-term profit

More information

Third-Quarter 2012 Earnings

Third-Quarter 2012 Earnings Third-Quarter 212 Earnings Jim Gallogly, Chief Executive Officer Karyn Ovelmen, Chief Financial Officer Sergey Vasnetsov, SVP - Strategic Planning and Transactions Doug Pike, VP - Investor Relations October

More information

PENN STATE SHALE WEBINAR

PENN STATE SHALE WEBINAR PENN STATE SHALE WEBINAR June 20, 2013 Jim Cutler President Macle, Inc. Webinar Discussion Points Selected Definitions Historical Background Basic Ethylene Chemistry Ethylene Production Ethane & Natural

More information

Abstract Process Economics Report 169B PETROCHEMICALS FROM REFINERY STREAMS (February 2000)

Abstract Process Economics Report 169B PETROCHEMICALS FROM REFINERY STREAMS (February 2000) Abstract Process Economics Report 169B PETROCHEMICALS FROM REFINERY STREAMS (February 2000) Lyondell s (formerly Arco s) Superflex SM process and Mobil s Olefin Interconversion (MOI) process are two new

More information

Six Months Ended June 30 Millions of dollars

Six Months Ended June 30 Millions of dollars Chevron Reports Second Quarter Loss of $1.5 Billion Impairments and lower crude oil prices reduce earnings Continued progress on spend reduction and major growth projects San Ramon, Calif., July 29, 2016

More information

FORO PEMEX Petroquímica 2013 WTC Conference & Exhibition Center - Mexico City June 5, 2013

FORO PEMEX Petroquímica 2013 WTC Conference & Exhibition Center - Mexico City June 5, 2013 FORO PEMEX Petroquímica 2013 WTC Conference & Exhibition Center - Mexico City June 5, 2013 Global Outlook for Ethylene & Propylene Impact of Shale In North America Mark Eramo Vice President Chemical Industry

More information

Delivering Value 2010 SUMMARY ANNUAL REPORT

Delivering Value 2010 SUMMARY ANNUAL REPORT Delivering Value 2010 SUMMARY ANNUAL REPORT DEBT-TO-CAPITAL RATIO (Percent) RETURN ON CAPITAL EMPLOYED* (Percent) TOTAL RECORDABLE RATE (Safety incidents per 200,000 hours) 33 31 18 0.52 25 0.40 10 0.31

More information

Refining 101. Prepared for PESA May 2015

Refining 101. Prepared for PESA May 2015 Refining 101 Prepared for PESA May 2015 What is Crude Oil? Black Gold.Texas Tea 2 - Wood Group Mustang What is Crude Oil? Black Gold.Texas Tea 3 - Wood Group Mustang ~15% 5 - Wood Group Mustang Conversion

More information

PROFITABILITY IN A WORLD OF OVER CAPACITY

PROFITABILITY IN A WORLD OF OVER CAPACITY PROFITABILITY IN A WORLD OF OVER CAPACITY May 2015 Tom Janssens and Tim Fitzgibbon The global refining industry is going through dramatic structural shifts in demand and supply trends that are reducing

More information

Economic Impacts o fthe Shale Revolution in North America. Mark Nelson OGIF Xian, P. R. China September 25 th, 2013

Economic Impacts o fthe Shale Revolution in North America. Mark Nelson OGIF Xian, P. R. China September 25 th, 2013 Economic Impacts o fthe Shale Revolution in North America Mark Nelson OGIF Xian, P. R. China September 25 th, 2013 Cautionary Statement The following presentation includes forward looking statements. These

More information

David Rosenthal Vice President Investor Relations & Secretary

David Rosenthal Vice President Investor Relations & Secretary Fourth Quarter 2011 Earnings 2011 Conference Analyst Call and Webcast Meeting January 31, 2012 David Rosenthal Vice President Investor Relations & Secretary 1 Cautionary Statement Forward-Looking Statements.

More information

Deep Catalytic Cracking(DCC)

Deep Catalytic Cracking(DCC) Deep Catalytic Cracking(DCC) Introduction Propylene, only next to ethylene, is one of the most fundamental petrochemical raw materials. Recently, the world demand for propylene has been increasing rapidly

More information

Shale Gas and the Sustainability of the US Petrochemical Industry

Shale Gas and the Sustainability of the US Petrochemical Industry Shale Gas and the Sustainability of the US Petrochemical Industry Clayton Sadler UOP LLC, A Honeywell Company SMART CN Workshop on Sustainable Manufacturing Oct. 31 st, 2012 Pittsburgh, PA 2012 UOP LLC.

More information

THE CHANGING LANDSCAPE OF US PROPYLENE AND PROPANE MARKETS. Pat Whalen Managing Editor, PetroChem Wire June 19, 2012

THE CHANGING LANDSCAPE OF US PROPYLENE AND PROPANE MARKETS. Pat Whalen Managing Editor, PetroChem Wire June 19, 2012 THE CHANGING LANDSCAPE OF US PROPYLENE AND PROPANE MARKETS Pat Whalen Managing Editor, PetroChem Wire June 19, 2012 About PetroChem Wire Formed in 2007 in response to growing spot market liquidity in the

More information

Global Lubricant Basestocks 2010

Global Lubricant Basestocks 2010 Energy In-Depth Report Series Global Lubricant Basestocks 2010 In Continuous Publication Since 2007 A comprehensive annual service focused on the dynamic global lubricant basestocks industry The report

More information

Technip Onshore: Delivering Technological Projects. Nello Uccelletti Senior Vice President Onshore Technip

Technip Onshore: Delivering Technological Projects. Nello Uccelletti Senior Vice President Onshore Technip Technip Onshore: Delivering Technological Projects Nello Uccelletti Senior Vice President Onshore Technip 1 Contents More than 50 Years of Technology and Entrepreneurship Our Onshore Expertise in a Growing

More information

Building on Strengths EXCERPT FROM THE 2009 SUMMARY ANNUAL REPORT

Building on Strengths EXCERPT FROM THE 2009 SUMMARY ANNUAL REPORT Building on Strengths EXCERPT FROM THE 2009 SUMMARY ANNUAL REPORT Certain disclosures in this Summary Annual Report may be considered forward-looking statements. These are made pursuant to safe harbor

More information

CVR Refining Reports 2016 First Quarter Results

CVR Refining Reports 2016 First Quarter Results CVR Refining Reports 2016 First Quarter Results SUGAR LAND, Texas (April 28, 2016) - CVR Refining, LP (NYSE: CVRR), a refiner and marketer of petroleum fuels, today announced a net loss of $68.0 million

More information

Global Ethylene Market Outlook: Low Cost Feedstocks Fuel The Next Wave Of Investments In North America and China

Global Ethylene Market Outlook: Low Cost Feedstocks Fuel The Next Wave Of Investments In North America and China Global Ethylene Market Outlook: Low Cost Feedstocks Fuel The Next Wave Of Investments In North America and China Mark Eramo Vice President, Chemical Insights IHS Chemical 1 Opening Session Ethylene Market

More information

Understanding Refinery Profitability

Understanding Refinery Profitability Understanding Refinery Profitability Prepared for OPERA 30 November 2010 About this presentation This presentation has been prepared for the benefit of the presentation attendees. Any party in possession

More information

THE GLOBAL SOURCE FOR COMMODITIES KOCH SUPPLY & TRADING

THE GLOBAL SOURCE FOR COMMODITIES KOCH SUPPLY & TRADING THE GLOBAL SOURCE FOR COMMODITIES KOCH SUPPLY & TRADING KOCH SUPPLY & TRADING: CAPABILITIES Refined Products Crude Oil Global crude oil markers (WTI, Brent, Dubai) and grades of oil priced off these markers

More information

Third Quarter 2016 Earnings Call

Third Quarter 2016 Earnings Call Third Quarter 2016 Earnings Call Jeff Woodbury Vice President, Investor Relations & Secretary October 28, 2016 Cautionary Statement 2 Forward-Looking Statements. Statements of future events or conditions

More information

Creating a World-Class Downstream Technology Leader

Creating a World-Class Downstream Technology Leader Creating a World-Class Downstream Technology Leader Acquisition of Stone & Webster Process Technologies and Associated Oil & Gas Engineering Capabilities May 22, 2012 T Safe Harbor his presentation contains

More information

U.S. Refiners Lose Crude Price Advantage Performance still holding up.

U.S. Refiners Lose Crude Price Advantage Performance still holding up. ? U.S. Refiners Lose Crude Price Advantage Performance still holding up. Morningstar Commodities Research 10 June 2016 Sandy Fielden Director, Oil and Products Research +1 512-431-8044 sandy.fielden@morningstar.com

More information

Global Petrochemical Overview: Changing Olefins Markets

Global Petrochemical Overview: Changing Olefins Markets ChemVision Global Petrochemical Overview: Changing Olefins Markets Prepared for: 34th Latin American Petrochemical Annual Meeting By Nexant and ChemVision What are the global olefin demand trends? How

More information

Delivering Energy Today and Tomorrow

Delivering Energy Today and Tomorrow Delivering Energy Today and Tomorrow Jeff Hedges Division Manager, Energy Technology Company Richmond Technology Center August 19, 2013 CVX Company Overview v2.3 12/01/11 Process Safety Management Workshop

More information

CHEVRON REPORTS FOURTH QUARTER NET INCOME OF $3.1 BILLION, DOWN 37 PERCENT FROM $4.9 BILLION IN FOURTH QUARTER 2008

CHEVRON REPORTS FOURTH QUARTER NET INCOME OF $3.1 BILLION, DOWN 37 PERCENT FROM $4.9 BILLION IN FOURTH QUARTER 2008 Policy, Government and Public Affairs Chevron Corporation P.O. Box 6078 San Ramon, CA 94583-0778 www.chevron.com FOR RELEASE AT 5:30 AM PST JANUARY 29, 2010 CHEVRON REPORTS FOURTH QUARTER NET INCOME OF

More information

REFINING IN THE GLOBAL MARKET

REFINING IN THE GLOBAL MARKET REFINING IN THE GLOBAL MARKET PURDUE UNIVERSITY ME 290: Global Engineering Professional Seminar October 8, 2015 Use this area for cover image (height 6.5cm, width 8cm) Jim Overman, Manufacturing Excellence

More information

UNIPETROL 3Q 2014 FINANCIAL RESULTS

UNIPETROL 3Q 2014 FINANCIAL RESULTS UNIPETROL 3Q 2014 FINANCIAL RESULTS Marek Świtajewski, CEO Mirosław Kastelik, CFO Prague, Czech Republic AGENDA Key highlights of Macro environment Financial results Segment results Cash flow & financial

More information

Impact of shale gas, tight oil and oil sands on European refining and petrochemical Industry

Impact of shale gas, tight oil and oil sands on European refining and petrochemical Industry Impact of shale gas, tight oil and oil sands on European refining and petrochemical Industry Brussels, Sep.20 th, 2013 OMV Refining & Marketing 1 OMV Refining & Marketing, Dr. Alois Virag, Sep. 20th, 2013

More information

Forward-Looking Statements.

Forward-Looking Statements. cautionary statement Forward-Looking Statements. Outlooks, projections, estimates, targets, and business plans in this presentation or the subsequent discussion period are forward-looking statements. Actual

More information

PROCESS ECONOMICS PROGRAM

PROCESS ECONOMICS PROGRAM PROCESS ECONOMICS PROGRAM ERI INTERNATIONAL MalloPukcdlfanh Abetract Rocese Econm~cs Program Report No. 121A UDgLD PEfWCE&lICAL FEI08TDCK8 TO 1990: AVAILABILITY AND PRICE (June 1981) The first Process

More information

The Potential Impact of Shale-Advantaged Resins on Job Growth in Plastics Industry

The Potential Impact of Shale-Advantaged Resins on Job Growth in Plastics Industry Penn State Webinar 10 March 2016 The Potential Impact of Shale-Advantaged Resins on Job Growth in Plastics Industry Martha Gilchrist Moore Sr. Director, Policy Analysis and Economics Shifting Competitive

More information

U.S. oil and gas export scenario s: What are the opportunities for Vopak?

U.S. oil and gas export scenario s: What are the opportunities for Vopak? U.S. oil and gas export scenario s: What are the opportunities for Vopak? Capital Markets Day, 10 December 2013 Dick Richelle, Division President Americas Forward-looking statements This presentation contains

More information

12 August 2013 Contact: Roxana Clinciu Phone:

12 August 2013 Contact: Roxana Clinciu Phone: 12 August 2013 Contact: Roxana Clinciu Phone: 0241.506.125 Rompetrol Rafinare - Production at maximum capacity of the Petromidia Refinery and improvement of the net result by 40% in the first semester

More information

Questions to be responded to by the firm submitting the application Why do you think this project should receive an award? How does it demonstrate:

Questions to be responded to by the firm submitting the application Why do you think this project should receive an award? How does it demonstrate: Questions to be responded to by the firm submitting the application Why do you think this project should receive an award? How does it demonstrate: innovation, quality, and professional excellence transparency

More information

PROCESS ECONOMICS PROGRAM

PROCESS ECONOMICS PROGRAM PROCESS ECONOMICS PROGRAM SRI INTERNATIONAL Menlo Park, California Abstract 94025 Process Economics Program Report No. 132 GAS OIL CONVERSION TO FUELS AND PETROCHEMICALS (February 1981) This study examines

More information

Emerging Investment Opportunities in Primary Upstream Petrochemical Projects

Emerging Investment Opportunities in Primary Upstream Petrochemical Projects Emerging Investment Opportunities in Primary Upstream Petrochemical Projects Saudi Arabian International Gas Conference May 17, 2004 Beginnings of the Petrochemical Industry 1. Feedstocks from Master Gas

More information

Westlake Chemical Corporation

Westlake Chemical Corporation Westlake Chemical Corporation Credit Suisse Chemical Conference September 18, 2008 SAFE HARBOR LANGUAGE This presentation may include forward-looking statements, as defined in the Private Securities Litigation

More information

Best Practices in KNPC

Best Practices in KNPC 30 th JCCP International Symposium ( 25 th - 26 th January 2012 ) Best Practices in KNPC Bakheet Al-Rashidi January 27, 2012 1 Subsidiaries of Kuwait Petroleum Corporation KUWAIT AVIATION FUELLING KUAWAIT

More information

COMPANY UPDATE FIRST QUARTER 2016 RESULTS

COMPANY UPDATE FIRST QUARTER 2016 RESULTS COMPANY UPDATE FIRST QUARTER 2016 RESULTS ROYAL DUTCH SHELL 4 MAY 2016 Copyright of Royal Dutch Shell plc May 4, 2016 1 SIMON HENRY CHIEF FINANCIAL OFFICER ROYAL DUTCH SHELL PLC 2 DEFINITIONS & CAUTIONARY

More information

Petroleum Refining Processes and Economics for Technical Professionals

Petroleum Refining Processes and Economics for Technical Professionals Page 1 of 6 Petroleum Refining Processes and Economics for Technical Professionals Introduction The success of every company depends of each employee's understanding of the key business components. Employee

More information

Financial Statements and Supplemental Information

Financial Statements and Supplemental Information 2015 Financial Statements and Supplemental Information For the Fiscal Year Ended December 31, 2015 FINANCIAL SECTION TABLE OF CONTENTS Business Profile 2 Financial Summary 3 Frequently Used Terms 4 Quarterly

More information

Adding fuel to the fire North America s hydrocarbon boom is changing everything. Steven Meersman. Roland Rechtsteiner

Adding fuel to the fire North America s hydrocarbon boom is changing everything. Steven Meersman. Roland Rechtsteiner Adding fuel to the fire North America s hydrocarbon boom is changing everything Steven Meersman Mark Pellerin Roland Rechtsteiner What if the gasoline that you put in your car came from natural gas instead

More information

Petrochemical Update - Chuck Whisman, VP Global Energy Market Director, CH2M. August 2015

Petrochemical Update - Chuck Whisman, VP Global Energy Market Director, CH2M. August 2015 Petrochemical Update - Chuck Whisman, VP Global Energy Market Director, CH2M August 2015 Natural Gas Distribution & Use 3 NGL Markets: Ethane/Ethylene Ethylene is widely used in chemical industry, and

More information

DECEMBER 2014 CAPITAL MARKETS DAY HUBS AT THE CENTER

DECEMBER 2014 CAPITAL MARKETS DAY HUBS AT THE CENTER DECEMBER 2014 CAPITAL MARKETS DAY HUBS AT THE CENTER FORWARD-LOOKING STATEMENTS This presentation contains forward-looking statements, based on currently available plans and forecasts. By their nature,

More information

2014 Annual Results Announcement

2014 Annual Results Announcement China Petroleum & Chemical Corporation 2014 Annual Results Announcement March 23, 2015 Hong Kong Disclaimer This presentation and the presentation materials distributed herein include forward-looking statements.

More information

Refined products in Mexico

Refined products in Mexico Refined products in Mexico The flow and supply of product S&P Global Platts 20 th Annual Meeting - Mexico City Mexican Energy Conference November 15, 2016 Richard Capuchino, Associate Editorial Director

More information

Global Oil & Gas Suite

Global Oil & Gas Suite IHS ENERGY Global Oil & Gas Suite Comprehensive analysis and insight on upstream opportunities, risk, infrastructure dynamics, and downstream markets Global Oil & Gas Suite Make optimal decisions about

More information

Contact: Roxana Clinciu Tel: Rompetrol Rafinare has Curtailed Losses by 25% during the First 9 Months of 2013

Contact: Roxana Clinciu Tel: Rompetrol Rafinare has Curtailed Losses by 25% during the First 9 Months of 2013 November 14 th, Contact: Roxana Clinciu Tel: 0241.506.125 Rompetrol Rafinare has Curtailed Losses by 25 during the First 9 Months of Rompetrol Rafinare, a member company of, has continued to improve its

More information

Petroplus. Lehman CEO Energy Conference. September 5, 2007

Petroplus. Lehman CEO Energy Conference. September 5, 2007 Petroplus Lehman CEO Energy Conference September 5, 2007 Disclaimer While all reasonable care has been taken to ensure that the facts stated herein are accurate and that the opinions contained herein are

More information

FLOATING IN THEETHANE. insight DECEMBER 2012

FLOATING IN THEETHANE. insight DECEMBER 2012 JIM FOSTER Senior Editor, Petrochemical Analytics FLOATING IN THEETHANE The rich stream of light feedstocks flooding out of US shale plays has driven a massive shift in the regional olefins market, one

More information

Impact of Shale Oil on USGC Refiners. Bob Kent - October 4, 2012

Impact of Shale Oil on USGC Refiners. Bob Kent - October 4, 2012 Impact of Shale Oil on USGC Refiners Bob Kent - October 4, 2012 Agenda Some history Near future possibilities General view of the impact of shale oil A little closer to home - What Eagle Ford shale oil

More information

WORLD PLASTICS MARKET REVIEW. By Bill Kuhlke and Dr. Tom Walsh

WORLD PLASTICS MARKET REVIEW. By Bill Kuhlke and Dr. Tom Walsh WORLD PLASTICS MARKET REVIEW By Bill Kuhlke and Dr. Tom Walsh OUTLINE OVERVIEW OF THE PLASTICS INDUSTRY MAJOR THERMOPLASTICS TO BE REVIEWED POLYETHYLENE POLYPROPYLENE POLYSTYRENE CONCLUSIONS THE PLASTICS

More information

3rd Quarter rd quarter 2015: Sales and EBIT before special items decline slightly in a challenging market. Ludwigshafen, October 27, 2015

3rd Quarter rd quarter 2015: Sales and EBIT before special items decline slightly in a challenging market. Ludwigshafen, October 27, 2015 Media Telephone Conference 3rd Quarter 2015 Ludwigshafen, October 27, 2015 3rd quarter 2015: and decline slightly in a challenging market -5% 17,424 18,312 +1% 56,569 56,279 decreased in the 3rd quarter,

More information