Chevron Corporation, PDC Energy, Inc. - M&A Call Summary - Thomson StreetEvents

Chevron Corporation, PDC Energy, Inc. - M&A Call Summary

Chevron Corporation, PDC Energy, Inc. - M&A Call Summary - Thomson StreetEvents
Chevron Corporation, PDC Energy, Inc. - M&A Call Summary
Published May 22, 2023
Published May 22, 2023
Price US$ 54.00  |  Buy this Report Now

About This Report

  
Abstract:

Edited Brief of CVX.N M&A conference call or presentation 22-May-23 3:00pm GMT

  
Report Type:

Brief

Source:
Thomson StreetEvents
Company:
Chevron Corp
Ticker
CVX.N
Time
3:00pm GMT
Format:
PDF Adobe Acrobat
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The following is excerpted from the question-and-answer section of the transcript.

(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)

Question: Joshua Ian Silverstein - UBS Investment Bank, Research Division - Analyst : I just wanted to talk about the financing of the transaction. You mentioned the value gap and the multiples. So I guess, for wanting to use stock for at least a portion of this, but why not use the a portion of the cash balance to try to make this lease a little bit more accretive on a per share basis?

Question: Joshua Ian Silverstein - UBS Investment Bank, Research Division - Analyst : That's helpful. And just as my follow-up, Mike, you mentioned the 6 months in the regulatory process. I'm curious on thoughts there's a deal smaller in terms of dollar amount, but one that's being held up by the FTC right now. This transaction further consolidate the basin where there's only a couple of large players to begin with. Just any thoughts there as far as how you have got to factor that into the transaction as well?

Question: Paul Cheng - Scotiabank Global Banking and Markets, Research Division - Analyst : Maybe the first one -- 2 questions, please. First one is for Pierre. $100 million on the OpEx saving. That seems low. Just looking at the potential saving and G&A and interest expense, it seems like we already can get there. Can you tell us a bit that what's the split in that OpEx saving between at the field, the G&A and interest expense? That's the first question. REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies.

Question: Paul Cheng - Scotiabank Global Banking and Markets, Research Division - Analyst : So Pierre, you're saying that it's not including much of an interest cost saving, right? Because that (inaudible) will be redeemable from the PDC?

Question: Paul Cheng - Scotiabank Global Banking and Markets, Research Division - Analyst : Okay. My -- after you close the deal, can you just share that what is the pace of development for DJ? Will DJ become a growth platform for you guys going forward? And if it is, what kind of pace of growth that you are expecting?

Question: Paul Cheng - Scotiabank Global Banking and Markets, Research Division - Analyst : Once you get to the $400 million, is the $1 billion CapEx still a -- roughly a good one to use? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies.

Table Of Contents

Chevron Corp at Barclays CEO Energy-Power Conference Summary – 2023-09-06 – US$ 54.00 – Edited Brief of CVX.N presentation 6-Sep-23 12:35pm GMT

Chevron Corp at Barclays CEO Energy-Power Conference Transcript – 2023-09-06 – US$ 54.00 – Edited Transcript of CVX.N presentation 6-Sep-23 12:35pm GMT

Chevron Corp Q2 2023 Earnings Call Summary – 2023-07-28 – US$ 54.00 – Edited Brief of CVX.N earnings conference call or presentation 28-Jul-23 3:00pm GMT

Chevron Corp Q2 2023 Earnings Call Transcript – 2023-07-28 – US$ 54.00 – Edited Transcript of CVX.N earnings conference call or presentation 28-Jul-23 3:00pm GMT

Chevron Corporation, PDC Energy, Inc. - M&A Call Transcript – 2023-05-22 – US$ 54.00 – Edited Transcript of CVX.N M&A conference call or presentation 22-May-23 3:00pm GMT

Chevron Corp Q1 2023 Earnings Call Summary – 2023-04-28 – US$ 54.00 – Edited Brief of CVX.N earnings conference call or presentation 28-Apr-23 3:00pm GMT

Chevron Corp Q1 2023 Earnings Call Transcript – 2023-04-28 – US$ 54.00 – Edited Transcript of CVX.N earnings conference call or presentation 28-Apr-23 3:00pm GMT

Chevron Corp To Host Exchange March Q&A Call Transcript – 2023-03-23 – US$ 54.00 – Edited Transcript of CVX.N conference call or presentation 23-Mar-23 3:00pm GMT

Chevron Corp Investor Day Transcript – 2023-02-28 – US$ 54.00 – Edited Transcript of CVX.N corporate analyst meeting</ 28-Feb-23 1:30pm GMT

Chevron Corp Q4 2022 Earnings Call Summary – 2023-01-27 – US$ 54.00 – Edited Brief of CVX.N earnings conference call or presentation 27-Jan-23 4:00pm GMT

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Cite this Report

  
MLA:
Thomson StreetEvents. "Chevron Corporation, PDC Energy, Inc. - M&A Call Summary" May 22, 2023. Alacra Store. May 06, 2025. <http://www.alacrastore.com/thomson-streetevents-transcripts/Chevron-Corporation-PDC-Energy-Inc-M-A-Call-B15608362>
  
APA:
Thomson StreetEvents. (2023). Chevron Corporation, PDC Energy, Inc. - M&A Call Summary May 22, 2023. New York, NY: Alacra Store. Retrieved May 06, 2025 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Chevron-Corporation-PDC-Energy-Inc-M-A-Call-B15608362>
  
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