1、2023 annual reportpurpose powers progressour strategychevrons strategy is to leverage our strengths to safely deliver lower carbon energy to a growing worldOur objective is to safely deliver higher returns,lower carbon and superior shareholder value in any business environment.We are building on our
2、 capabilities,assets and customer relationships as we aim to lead in lower carbon intensity oil,products and natural gas,as well as advance new products and solutions that reduce the carbon emissions of major industries.We aim to grow our oil and gas business,lower the carbon intensity of our operat
3、ions and grow lower carbon businesses in renewable fuels,carbon capture and offsets,hydrogen and other emerging technologies.DJ Basin Colorado Shale&tight400,000 net barrels per day of oil-equivalent production expected in2024delivering value and resilienceOur high-quality assets,along with our peop
4、le and technology that unlock their value and the customers that rely on them,are the foundation of our competitive advantage and our long-term value creation.Our assets are diverse and competitive,spanning from conventional oil fields to deepwater projects,from shale plays to liquefied natural gas
5、plants,refineries andchemical plants.Our operations are not only reliable and profitable,but also resilient maintained with a focus on operational excellence,capital efficiency and process safety.We also strive to lower our carbon intensity and promote a lower carbon future.We invest in innovation a
6、nd transformational technology to scale lower carbon solutions,and we lower the carbon intensity of our operations through energy efficiency,methane management,flaring reduction and other means.These assets enable us to balance scale,returns,and risk,and to adapt to the evolving energy landscape.3.1