Chevron Corp Virtual Investor Day Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Paul Cheng - Scotiabank Global Banking and Markets, Research Division - Analyst : Mike, can you hear me this time? Hello?

Question: Paul Cheng - Scotiabank Global Banking and Markets, Research Division - Analyst : Okay. Perfect. Two questions. First, Mike, looking at longer term, let's say, 10, 20 years from now, do you still see yourself, your core domain as oil and gas? Or that is a broader-based energy? So in other words, that in the lower carbon over time, do you see your overall asset mix or your -- maybe that revenue or profitability, cash flow from your current core operations will come down as a percentage? So that's the first question.

Question: Paul Cheng - Scotiabank Global Banking and Markets, Research Division - Analyst : Sure. The second question is that on the ESG efforts, (inaudible) do you look at those as just a (inaudible) offset being internal back to (inaudible) become really a 4% going forward? And (inaudible). REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. MARCH 09, 2021 / 3:00PM, CVX.N - Chevron Corp Virtual Investor Day

Question: Paul Cheng - Scotiabank Global Banking and Markets, Research Division - Analyst : Jay, this is for you. And what do you need in order for you to get there? And what's in your technologies?

Question: Paul Cheng - Scotiabank Global Banking and Markets, Research Division - Analyst : Can you hear me?

Question: Paul Cheng - Scotiabank Global Banking and Markets, Research Division - Analyst : Just 2 quick questions. I mean one, California is always trying to paint themselves at the forefront of the environmental or the ESG, and they're trying to ban the fossil fuel vehicle probably sooner than the rest of the country. And so with your California system, how you're refining configuration? Do you think you may or may not need to change given that the government policy outlook over there? That's the first question. Do you want me to ask the second question or...

Question: Paul Cheng - Scotiabank Global Banking and Markets, Research Division - Analyst : And the second question is that now that you already bought Pascagoula (sic) [Pasadena] and that for -- what I mean that the Gulf Coast [refinery] budget for a little bit more than a year. And so can you tell us that in hindsight, do you still think that, that is a good investment? And what have you learned?

Question: Paul Cheng - Scotiabank Global Banking and Markets, Research Division - Analyst : Yes, correct.