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Two days ago, Chevron's Board of Directors authorized a new $75 billion share repurchase program.
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Transcript
2022 Q4
15 Feb 23
We have a 2023 CapEx budget of $14 billion. We've given guidance that keeps that CapEx flat over the next several years. And we have the buybacks at the top end of the guidance range of $15 billion.
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2022 Q4
15 Feb 23
We had a 3% compound annual growth rate at $15 billion to $17 billion of CapEx in a market that's not growing that fast.
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2022 Q4
15 Feb 23
breakeven Brent price around $50 per barrel to cover our CapEx and dividend and with excess balance sheet capacity
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2022 Q4
15 Feb 23
In the second quarter, we saw a demand response.
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2022 Q2
2 Aug 22
there has been a pretty significant shift over the last 5 years to 10 years in the way that you have approached project development, more standardization, oftentimes smaller and more capital-efficient style projects.
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2022 Q2
2 Aug 22
seeing some of it come back here early third quarter
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2022 Q2
2 Aug 22
our 2022 capital is on track. It’s likely to end up below our $15 billion budget.
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2022 Q2
2 Aug 22
we have a competitive advantage in the Permian.
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2022 Q2
2 Aug 22
we’ve been building out our infrastructure in the Permian.
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2022 Q2
2 Aug 22
our approach to the Permian, as you know, for many years, has been to be very disciplined
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2022 Q2
2 Aug 22
we will lever back up our balance sheet closer to that 20% to 25% guidance range.
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2022 Q2
2 Aug 22
our total investment was $6.8 billion, more than double last year’s quarter.
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2022 Q2
2 Aug 22
multiphase pumps sit on the sea floor, but they allow us to reach 30 miles, 40 miles and even maybe 50 miles out from the host facility, which really gives us great capacity to make even smaller accumulation economic, and give us the returns we are looking for while extending the life of these major hubs.
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2022 Q2
2 Aug 22
we have been able to also get more efficient with our drilling and completion operations, which also partially offsets it.
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2022 Q2
2 Aug 22
On the onshore U.S., we have seen cost inflation this year in the single digits.
We have been able to mitigate a part of that through good planning, smart procurement and good relationships with suppliers.
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2022 Q2
2 Aug 22
demand, I think will be much more recession resilient going forward just because we have seen a little bit of that response in the second quarter.
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2022 Q2
2 Aug 22
Our U.S. refined product sales up 10% versus last year.
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2022 Q2
2 Aug 22
Our investment globally, up 80% first half of the year.
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2022 Q2
2 Aug 22
our U.S. oil and gas production in the first half of the year was up 7% versus last year.
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2022 Q2
2 Aug 22