雪佛龙Chevron Corporation (CVX) 2003年年度报告「NYSE」.pdf

1、Powering Performance2003 Annual ReportTABLE OF CONTENTSLetter to Stockholders 2Chairman and Chief Executive Offi-cer Dave OReilly discusses 2003 performance and the opportunities the company is pursuing to deliver ever-higher value.Producing Results 6ChevronTexaco is producing strong results as it c

2、arries out its strategies to grow profi tability and deliver stockholder value.Driving Excellence 14ChevronTexacos performance is based on running safe,reliable operations;being a good steward of the environment;and managing capital wisely.PoweringBecoming the worlds top-performing energy company re

3、quires the ability to produce sustain-able,long-term results.ChevronTexacos drive to deliver results is refl ected in 2003s strong fi nancial and operating performance.It is also refl ected in our commitment to deliver results the right way by creating a work environment that fuels innovation,empowe

4、rs people and builds partnerships based on trust,integrity and mutual benefi t.PerformanceFueling Innovation 16Our technology organization sup-ports the strategies of our businesses by fi nding solutions to problems,developing high-quality products and helping lower costs.Empowering People 18Chevron

5、Texaco is committed to being an excellent employer and a productive,collaborative and trustworthy partner.Exploring Solutions 20Chairman and Chief Executive Offi cer Dave OReilly discusses some of the most pressing issues facing the industry and the world.ChevronTexaco at a Glance 22Glossary of Ener

6、gy and Financial Terms 24Financial Review 25Five-Year Financial Summary 76Five-Year Operating Summary 84Board of Directors 85Corporate Offi cers 86Specially designed tankers carry liquefi ed natural gas(LNG)from Australias North West Shelf to markets in Japan and other parts of Asia.Growth in demand