Chevron Corp Q2 2021 Earnings Call Summary - Thomson StreetEvents

Chevron Corp Q2 2021 Earnings Call Summary

Chevron Corp Q2 2021 Earnings Call Summary - Thomson StreetEvents
Chevron Corp Q2 2021 Earnings Call Summary
Published Jul 30, 2021
19 pages (11065 words) — Published Jul 30, 2021
Price US$ 54.00  |  Buy this Report Now

About This Report

  
Abstract:

Edited Brief of CVX.N earnings conference call or presentation 30-Jul-21 3:00pm GMT

  
Brief Excerpt:

...A. Highlights: Delivered strong financial results with highest reported earnings in over a year. 1. 2. Adjusted earnings $3.3b or $1.71 per share. Results included special items totaling $235m, including remediation charge in Gulf of Mexico and pension settlement costs. a. 3. Adjusted return on capital was near 8%. 4. Lowered net debt ratio to 21%. 5. Strong operating cash flow enabled Co. to meet CVX's top financial priorities. Dividend up 4%. a. b. Executes efficient capital program and paid down $2.5b of debt. c. Despite lower YTD prices in margins, 1H21 quarterly avg. free cash flow is near 2018 levels, primarily due to lower capital and operating costs and contributions from legacy Noble assets. 6. Maintaining strong capital and cost discipline. C&E is down 32% YoverY. a. b. Lowering full-year organic C&E guidance to around $13b, primarily due to lower spending at TCO and greater capital efficiency across portfolio. 7. Operating costs are on track with March 2021 Investor Day guidance...

  
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: Paul Cheng - Scotiabank Global Banking and Markets, Research Division - Analyst : Two questions. In Permian, Jay, when you're looking at what you're going to do in the next year or the next couple of years, how you -- whether that the OPEC current curtailment means that whether the market is still fundamentally long supply or not, does it pay into your decision-making process?

Question: Paul Cheng - Scotiabank Global Banking and Markets, Research Division - Analyst : Well, maybe let me just ask it another way, Jay. If you determine next year the market is still fundamentally oversupplied, will you still grow the Permian production?

Question: Paul Cheng - Scotiabank Global Banking and Markets, Research Division - Analyst : Okay. The second question. Actually, this is for Pierre. In the next several years, when you're looking at $14 billion to $16 billion a year in CapEx, do you have a target percentage, how much you're going to spend in the new ESG initiative and the business? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. JULY 30, 2021 / 3:00PM, CVX.N - Q2 2021 Chevron Corp Earnings Call

Table Of Contents

Chevron Corp Q4 2021 Earnings Call Summary – 2022-01-28 – US$ 54.00 – Edited Brief of CVX.N earnings conference call or presentation 28-Jan-22 4:00pm GMT

Chevron Corp Q3 2021 Earnings Call Summary – 2021-10-29 – US$ 54.00 – Edited Brief of CVX.N earnings conference call or presentation 29-Oct-21 3:00pm GMT

Chevron Corp Q3 2021 Earnings Call Transcript – 2021-10-29 – US$ 54.00 – Edited Transcript of CVX.N earnings conference call or presentation 29-Oct-21 3:00pm GMT

Chevron Corp Virtual Energy Transition Spotlight Transcript – 2021-09-14 – US$ 54.00 – Edited Transcript of CVX.N conference call or presentation 14-Sep-21 2:00pm GMT

Chevron Corp Q2 2021 Earnings Call Transcript – 2021-07-30 – US$ 54.00 – Edited Transcript of CVX.N earnings conference call or presentation 30-Jul-21 3:00pm GMT

Chevron Corp at Sanford C Bernstein Strategic Decisions Conference (Virtual) Transcript – 2021-06-02 – US$ 54.00 – Edited Transcript of CVX.N presentation 2-Jun-21 7:30pm GMT

Chevron Corp Annual Shareholders Meeting Transcript – 2021-05-26 – US$ 54.00 – Edited Transcript of CVX.N shareholder or annual meeting 26-May-21 3:00pm GMT

Chevron Corp Q1 2021 Earnings Call Summary – 2021-04-30 – US$ 54.00 – Edited Brief of CVX.N earnings conference call or presentation 30-Apr-21 3:00pm GMT

Chevron Corp Q1 2021 Earnings Call Transcript – 2021-04-30 – US$ 54.00 – Edited Transcript of CVX.N earnings conference call or presentation 30-Apr-21 3:00pm GMT

Chevron Corp Virtual Investor Day Transcript – 2021-03-09 – US$ 54.00 – Edited Transcript of CVX.N corporate analyst meeting</ 9-Mar-21 3:00pm GMT

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Cite this Report

  
MLA:
Thomson StreetEvents. "Chevron Corp Q2 2021 Earnings Call Summary" Jul 30, 2021. Alacra Store. May 12, 2025. <http://www.alacrastore.com/thomson-streetevents-transcripts/Q2-2021-Chevron-Corp-Earnings-Call-B14915339>
  
APA:
Thomson StreetEvents. (2021). Chevron Corp Q2 2021 Earnings Call Summary Jul 30, 2021. New York, NY: Alacra Store. Retrieved May 12, 2025 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Q2-2021-Chevron-Corp-Earnings-Call-B14915339>
  
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