雪佛龙Chevron Corporation (CVX) 2016年年度报告「NYSE」.pdf

1、2016 annual reportpositioned for the futureAs the average annual crude oil price hit a 10-year low,2016 presented significant challenges for the oil and gas industry.In response,Chevron took action to improve our free cash flow with tighter spending and with additional revenue from expected producti

2、on growth.We are committed to becoming cash balanced in 2017,and today we stand well positioned to meet that objective.Chevrons portfolio is built upon a strong and diverse set of assets around the globe.In the Upstream sector,our asset classes comprise conventional and unconventional crude oil and

3、natural gas,heavy oil,liquefied natural gas(LNG),and deepwater assets.Our Upstream portfolio includes premier LNG assets in Australia;legacy crude oil assets in Kazakhstan;strong unconventional assets in the United States,Canada and Argentina;and excellent deepwater assets in Nigeria,Angola and the

4、U.S.Gulf of Mexico.In addition,our world-class Downstream and Chemicals business is focused on growing higher-return segments,including petrochemicals,lubricants and additives.Chevrons employees take great pride in safely developing and delivering afordable,reliable energy that improves lives and po

5、wers the world forward while creating value for our stockholders,our business partners and the communities where we operate.A digital version of this report is available on our website at the cover:Chevron has a strong shale and tight resource position in the Permian Basin of West Texas and southeas

6、tern New Mexico.The Permian Basin is one of the oldest and most important producing areas in the United States.On this page:Building on a record of strong performance at the Tengiz oil field in Kazakhstan,Chevrons 50 percent-owned afliate,Tengizchevroil,is proceeding with the development of its Futu