Chevron Corporation Oil & Gas Exploration and Production Operations and Cost Analysis - Q1, 2016

 Published On: Aug, 2016 |    No of Pages: 89 |  Published By: GlobalData | Format: PDF
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Summary

Chevron Corporation Oil & Gas Exploration and Production Operations and Cost Analysis is the latest report from GlobalData, the industry analysis specialists, that offers comprehensive information on the operational and financial performance of the company. The report is an essential source for key operational metrics, analysis and provides a strategic insight into the company. The report provides an annual and quarterly overview of oil and gas reserves and production, changes in reserves, costs incurred and results of oil and gas operations, acreage and well details, share price performance and key valuation metrics.

Scope

The report provides in-depth analysis and insights into companies' capital spending, revenues, oil and gas reserves, production, and performance measures. Its scope includes the following -
- The report provides detailed and unique insight information on the key operational metrics. It gives a comprehensive overview of oil and gas production and reserves, costs incurred and results of oil and gas operations, acreage and well details and other performance metrics.
- Provides details with respect to the company's oil and gas reserves and production information by country. It further consists of in-depth information on the company's expenditures in relation to the acquisition, exploration and development activities; developed and undeveloped acreage position; key costs and revenue information; and performance metrics of the company as disclosed in its annual reports and regulatory filings.
- Provides a comprehensive overview of the company's share price performance and key valuation metrics such as market capitalization, enterprise value, EV/Production ($boe/d) and EV/Proved Reserve ($/boe)
- Provides information on key operational and financial metrics on an annual and quarterly basis. The annual information provided is for a five-year period and the quarterly information is for the last five quarters.

*Note:

1. The scope mentioned above is generic and may not apply to all the companies. The report is based on the information disclosed by the companies in their annual and quarterly reports, regulatory filings and other company documents and sources.
2. Quarterly information is provided only for the companies that are December ending and files quarter reports and documents.
3. There can be cases where countries/regions data column/Charts will be blank. This can be due to the fact that the company might have discontinued the reporting of those countries/regions. Information that is not disclosed by the company may not be available in the report.

Reasons to buy

The report will enhance your decision making capability in a more rapid and time sensitive manner. It will allow you to -
- Be up-to-date with the latest information and in-depth analysis of the operational metrics of the company.
- Identify M&A targets from up-to-date information and in-depth analysis on financial and operational metrics of your competitors.
- Rank your performance against other companies in the exploration and production (E&P) sector using operational and financial benchmarking metrics.
- Formulate your strategies based on in-depth analysis of your competitors' financial and operational data.
- Exploit the strengths and weakness of your closest competitors by comparing and analyzing their financial and operational metrics.
- Establish relative performance among the industry's players based on key operational and financial measures.

Table of Contents
Table of Contents 2
List of Tables 4
List of Figures 5
Company Snapshot 7
Key Information 7
Company Overview 7
Chevron Corporation, Valuation and Financial Data 8
Chevron Corporation, Share Price Performance 8
Share Price Performance, Q1, 2015-Q1, 2016 8
Chevron Corporation, Key Valuation Metrics 9
Key Valuation Metrics, Q1, 2015-Q1, 2016 9
Chevron Corporation, Quarterly E&P Costs Trends 10
Upstream Capital Expenditure, Q1, 2015-Q1, 2016 10
Chevron Corporation, Quarterly Production Trends 11
Chevron Corporation, Total Oil and Gas Production 11
Total Crude Oil and Natural Gas Production Trend, Q1, 2015-Q1, 2016 11
Total Crude Oil & Natural Gas Production, By Country/Region, Q1, 2015-Q1, 2016 12
Chevron Corporation, Crude Oil Production 13
Total Crude Oil Production Trend, Q1, 2015-Q1, 2016 13
Crude Oil Production, By Country/Region, Q1, 2015-Q1, 2016 14
Chevron Corporation, Natural Gas Production 15
Total Natural Gas Production Trend, Q1, 2015-Q1, 2016 15
Natural Gas Production, By Country/Region, Q1, 2015-Q1, 2016 16
Chevron Corporation, Valuation and Financial Data, 2011-2015 17
Chevron Corporation, Share Price Performance, 2011-2015 17
Share Price Performance, 2011-2015 17
Key Valuation Metrics, 2011-2015 18
Chevron Corporation, Production and Reserves Trends 19
Total Oil and Gas, Reserves and Production 19
Total Crude Oil and Natural Gas Production and Reserves Trend, 2011-2015 19
Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2011-2015 21
Total Crude Oil and Natural Gas Reserve Changes, 2011-2015 23
Crude Oil/Liquids Production and Reserve 24
Crude Oil/Liquids Production and Reserve Trend, 2011-2015 24
Crude Oil Production and Reserves By Country/Region, 2011-2015 25
Crude Oil/Liquids Reserve Changes, 2011-2015 27
Natural Gas Production and Reserve 28
Natural Gas Production and Reserve Trend, 2011-2015 28
Natural Gas Production and Reserves, By Country/Region, 2011-2015 29
Natural Gas Reserve Changes, 2011-2015 31
Total Crude Oil and Natural Gas Reserves Life Index 32
Total Crude Oil and Natural Gas Reserves Life Index, 2011-2015 32
Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2011-2015 33
Chevron Corporation, E&P Costs Trends 36
Allocation of the Upstream Capital Expenditure 36
Upstream Capital Expenditure, 2011-2015 36
Acquisition Costs By Country/Region, 2011-2015 37
Exploration and Development Costs, By Country/Region, 2011-2015 39
Oil and Gas Cost Per boe, US$/boe 41
Oil and Gas Cost Per boe, US$/boe, 2011-2015 41
Oil and Gas Cost Per boe, US$/boe, By Country/Region, 2011-2015 43
Chevron Corporation, Reserve Replacement Ratio 46
Oil and Gas Production Replacement Ratio 46
Oil and Gas Production Replacement Ratio, 2011-2015 46
Oil and Gas Production Replacement Ratio, By Country/Region, 2011-2015 48
Chevron Corporation, Results of Oil & Gas Operations Trend 53
Oil and Gas Revenue and Expenses 53
Oil and Gas Revenue and Expenses, 2011-2015 53
Oil and Gas Revenue and Expenses, By Country/Region, 2011-2015 54
Oil and Gas Revenue and Expenses, Per boe 60
Oil and Gas Revenue and Expenses, By boe, 2011-2015 60
Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2011-2015 61
Oil and Gas Performance Metrics 66
Chevron Corporation, Land Holdings and Well Data 67
Developed and Undeveloped Acreage 67
Gross and Net Developed and Undeveloped Acreage, 2011-2015 67
Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2011-2015 68
Well Statistics 71
Producible Oil and Gas Well, 2011-2015 71
Producible Oil and Gas Well, By Country/Region, 2011-2015 72
Exploration and Development Wells Drilled, 2011-2015 77
Recent Developments 78
Chevron Corporation - Recent Developments 78
Jul 29, 2016: Indonesia's Two Deepwater Fields May Start Gas Production In 2016 And 2017 78
Jul 29, 2016: Chevron Reports Second Quarter Loss Of $1.5 Billion 78
Jul 23, 2016: Ecuador Pays $112m To Chevron To Settle Four Decade Old Contract Dispute 80
Jul 20, 2016: Chevron-led Angola LNG Plant Offline Until August 2016 81
Jul 14, 2016: Nikolay Gorban, CPC General Director, Inspected The Tengiz - Novorossiysk Pipeline Facilities In Russia 81
Jul 14, 2016: DIR: California Announces Major Regulatory Proposal To Improve Safety At Oil Refineries 82
Jul 13, 2016: Vopak Starts Terminal Operations In Panama 83
Jul 05, 2016: Chevron Approves Next Major Tengiz Expansion Project In Kazakhstan 84
Jul 05, 2016: Chevron Exports Second Cargo From Gorgon LNG Terminal 84
Jun 30, 2016: Wood Group: Trading Update For The Six Months To 30 June 2016 85
Appendix 87
Methodology 87
Coverage 87
Secondary Research 87
Primary Research 87
Data Information Sources 88
Company Source 88
SEC/Other Regulatory Filings 88
Other Sources 88
Expert Panel Validation 88
Data Definition 88
Oil and Gas Reserves 88
Units of Measure 89
About GlobalData 89
Disclosure 89
Disclaimer 89

List of Tables
Table 1: Chevron Corporation, Key Facts 7
Table 2: Chevron Corporation, Share Price Performance, Q1, 2015-Q1, 2016 8
Table 3: Chevron Corporation, Key Valuation Metrics, Q1, 2015-Q1, 2016 9
Table 4: Chevron Corporation, Upstream Capital Expenditure, Q1, 2015-Q1, 2016 10
Table 5: Chevron Corporation, Total Crude Oil and Natural Gas, Production, Q1, 2015-Q1, 2016 11
Table 6: Chevron Corporation, Total Oil & Gas Production, By Country/Region, mmboe, Q1, 2015-Q1, 2016 12
Table 7: Chevron Corporation, Total Crude Oil Production, mmbbl, Q1, 2015-Q1, 2016 13
Table 8: Chevron Corporation, Crude Oil Production, By Country/Region, mmbbl, Q1, 2015-Q1, 2016 14
Table 9: Chevron Corporation, Total Natural Gas Production, bcf, Q1, 2015-Q1, 2016 15
Table 10: Chevron Corporation, Natural Gas Production, By Country/Region, bcf, Q1, 2015-Q1, 2016 16
Table 11: Chevron Corporation, Share Price Performance, 2011-2015 17
Table 12: Chevron Corporation, Key Valuation Metrics, 2011-2015 18
Table 13: Chevron Corporation, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 20
Table 14: Chevron Corporation, Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2011-2015 22
Table 15: Chevron Corporation, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2011-2015 23
Table 16: Chevron Corporation, Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 24
Table 17: Chevron Corporation, Crude Oil Production and Reserves, By Country/Region, mmbbl, 2011-2015 26
Table 18: Chevron Corporation, Crude Oil Reserve Changes, mmbbl, 2011-2015 27
Table 19: Chevron Corporation, Natural Gas Production and Reserves Metrics, bcf, 2011-2015 28
Table 20: Chevron Corporation, Natural Gas Production and Reserves, By Country/Region, bcf, 2011-2015 30
Table 21: Chevron Corporation, Natural Gas Reserve Changes, bcf, 2011-2015 31
Table 22: Chevron Corporation, Oil and Gas Reserves Life Index, Years, 2011-2015 32
Table 23: Chevron Corporation, Oil and Gas Reserves Life Index, By Country/Region, Years, 2011-2015 35
Table 24: Chevron Corporation, Upstream Capital Expenditure, US$ mil, 2011-2015 36
Table 25: Chevron Corporation, Proved and Unproved Acquisition Costs, By Country/Region, US$ mil, 2011-2015 38
Table 26: Chevron Corporation, Exploration and Development Costs, By Country/Region, US$ mil, 2011-2015 40
Table 27: Chevron Corporation, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2011-2015 42
Table 28: Chevron Corporation, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2011-2015 45
Table 29: Chevron Corporation, Oil and Gas Production Replacement Ratio, %, 2011-2015 46
Table 30: Chevron Corporation, 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2011-2015 51
Table 31: Chevron Corporation, Revenue and Expenses, US$ mil, 2011-2015 53
Table 32: Chevron Corporation, Revenue and Expenses, By Country/Region, US$ mil, 2011-2015 58
Table 33: Chevron Corporation, Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 60
Table 34: Chevron Corporation, Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2011-2015 64
Table 35: Chevron Corporation, Oil and Gas Performance Metrics, 2011-2015 66
Table 36: Chevron Corporation, Land Holdings (Developed and Undeveloped Acreage), Acres, 2011-2015 67
Table 37: Chevron Corporation, Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2011-2015 70
Table 38: Chevron Corporation, Producible Oil and Gas Wells, 2011-2015 71
Table 39: Chevron Corporation, Producible Oil and Gas Wells, By Country/Region, 2011-2015 75
Table 40: Chevron Corporation, Exploratory and Developed Wells, 2011-2015 77

List of Figures
Figure 1: Chevron Corporation, Share Price Performance, USD/Share, Q1, 2015-Q1, 2016 8
Figure 2: Chevron Corporation, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve ($/boe), Q1, 2015-Q1, 2016 9
Figure 3: Chevron Corporation, Upstream Capital Expenditure, US$ mil, Q1, 2015-Q1, 2016 10
Figure 4: Chevron Corporation, Total Crude Oil and Natural Gas, Production, mmboe, Q1, 2015-Q1, 2016 11
Figure 5: Chevron Corporation, Total Oil & Gas Production, By Country/Region, mmboe, Q1, 2015-Q1, 2016 12
Figure 6: Chevron Corporation, Total Crude Oil Production, mmbbl, Q1, 2015-Q1, 2016 13
Figure 7: Chevron Corporation, Crude Oil Production, By Country/Region, mmbbl, Q1, 2015-Q1, 2016 14
Figure 8: Chevron Corporation, Total Natural Gas Production, bcf, Q1, 2015-Q1, 2016 15
Figure 9: Chevron Corporation, Natural Gas Production, By Country/Region, bcf, Q1, 2015-Q1, 2016 16
Figure 10: Chevron Corporation, Share Price Performance, USD/Share, 2011-2015 17
Figure 11: Chevron Corporation, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve (US$/boe), 2011-2015 18
Figure 12: Chevron Corporation, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 19
Figure 13: Chevron Corporation, Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2011-2015 21
Figure 14: Chevron Corporation, Total Oil & Gas Production, By Country/Region, mmboe, 2011-2015 21
Figure 15: Chevron Corporation, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2015 23
Figure 16: Chevron Corporation, Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 24
Figure 17: Chevron Corporation, Oil Reserves, End of Period, By Country/Region, mmbbl, 2011-2015 25
Figure 18: Chevron Corporation, Oil Production, By Country/Region, mmbbl, 2011-2015 25
Figure 19: Chevron Corporation, Crude Oil Reserve Changes, mmbbl, 2015 27
Figure 20: Chevron Corporation, Natural Gas Production and Reserves Metrics, bcf, 2011-2015 28
Figure 21: Chevron Corporation, Gas Reserves, End of Period, By Country/Region, bcf, 2011-2015 29
Figure 22: Chevron Corporation, Gas Production, By Country/Region, bcf, 2011-2015 29
Figure 23: Chevron Corporation, Natural Gas Reserve Changes, bcf, 2015 31
Figure 24: Chevron Corporation, Oil and Gas Reserves Life Index, Years, 2011-2015 32
Figure 25: Chevron Corporation, Gas Reserve Life Index, By Country/Region, Ratio, 2011-2015 33
Figure 26: Chevron Corporation, Oil & Gas Reserve Life Index, By Country/Region, Ratio, 2011-2015 33
Figure 27: Chevron Corporation, Oil Reserve Life Index, By Country/Region, Ratio, 2011-2015 34
Figure 28: Chevron Corporation, Upstream Capital Expenditure, US$ mil, 2011-2015 36
Figure 29: Chevron Corporation, Proved Acquisition Costs, By Country/Region, US$ mil, 2011-2015 37
Figure 30: Chevron Corporation, Unproved Acquisition Costs, By Country/Region, US$ mil, 2011-2015 37
Figure 31: Chevron Corporation, Development Costs, By Country/Region, US$ mil, 2011-2015 39
Figure 32: Chevron Corporation, Exploration Costs, By Country/Region, US$ mil, 2011-2015 39
Figure 33: Chevron Corporation, 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2011-2015 41
Figure 34: Chevron Corporation, Oil & Gas Finding & Development Cost/boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 43
Figure 35: Chevron Corporation, Oil & Gas Finding Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 43
Figure 36: Chevron Corporation, Reserve Replacement Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 44
Figure 37: Chevron Corporation, 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2011-2015 46
Figure 38: Chevron Corporation, 3-Year Wt. Avg. Gas F&D Production Replacement, By Country/Region, %, 2011-2015 48
Figure 39: Chevron Corporation, 3-Year Wt. Avg. Gas RRC Production Replacement, By Country/Region, %, 2011-2015 48
Figure 40: Chevron Corporation, 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2011-2015 49
Figure 41: Chevron Corporation, 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2011-2015 49
Figure 42: Chevron Corporation, 3-Year Wt. Avg. Oil F&D Production Replacement, By Country/Region, %, 2011-2015 50
Figure 43: Chevron Corporation, 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2011-2015 50
Figure 44: Chevron Corporation, Revenue and Expenses, US$ mil, 2011-2015 53
Figure 45: Chevron Corporation, Depreciation, Depletion and Amortization From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 54
Figure 46: Chevron Corporation, Exploration Expenses, By Country/Region, US$ mil, 2011-2015 54
Figure 47: Chevron Corporation, Income Tax Provision (Benefit) From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 55
Figure 48: Chevron Corporation, Net Income/ Loss From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 55
Figure 49: Chevron Corporation, Oil & Gas Revenue, By Country/Region, US$ mil, 2011-2015 56
Figure 50: Chevron Corporation, Profit (loss) Before Taxation From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 56
Figure 51: Chevron Corporation, Production Costs, By Country/Region, US$ mil, 2011-2015 57
Figure 52: Chevron Corporation, Total Expenses From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 57
Figure 53: Chevron Corporation, Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 60
Figure 54: Chevron Corporation, Exploration Expenses per boe, By Country/Region, US$/boe, 2011-2015 61
Figure 55: Chevron Corporation, Income Tax/(Benefit) per boe, By Country/Region, US$/boe, 2011-2015 61
Figure 56: Chevron Corporation, Lifting Cost per boe, By Country/Region, US$/boe, 2011-2015 62
Figure 57: Chevron Corporation, Annual Net Income per boe, By Country/Region, US$/boe, 2011-2015 62
Figure 58: Chevron Corporation, Oil & Gas Revenue per boe, By Country/Region, US$/boe, 2011-2015 63
Figure 59: Chevron Corporation, Total DD&A per boe, By Country/Region, US$/boe, 2011-2015 63
Figure 60: Chevron Corporation, Total Revenue per boe, By Country/Region, US$/boe, 2011-2015 64
Figure 61: Chevron Corporation, Oil and Gas Performance Metrics, 2011-2015 66
Figure 62: Chevron Corporation, Land Holdings (Developed and Undeveloped Acreage), Acres, 2011-2015 67
Figure 63: Chevron Corporation, Total Gross Undeveloped Acreage, By Country/Region, Acres, 2011-2015 68
Figure 64: Chevron Corporation, Total Net Undeveloped Acreage, By Country/Region, Acres, 2011-2015 68
Figure 65: Chevron Corporation, Total Gross Developed Acreage, By Country/Region, Acres, 2011-2015 69
Figure 66: Chevron Corporation, Total Net Developed Acreage, By Country/Region, Acres, 2011-2015 69
Figure 67: Chevron Corporation, Producible Oil and Gas Wells, 2011-2015 71
Figure 68: Chevron Corporation, Gross Productive Gas Wells, By Country/Region, Number, 2011-2015 72
Figure 69: Chevron Corporation, Gross Productive Oil & Gas Wells, By Country/Region, Number, 2011-2015 72
Figure 70: Chevron Corporation, Gross Productive Oil Wells, By Country/Region, Number, 2011-2015 73
Figure 71: Chevron Corporation, Net/Gross Oil & Gas Ratio, By Country/Region, %, 2011-2015 73
Figure 72: Chevron Corporation, Net Productive Gas Wells, By Country/Region, Number, 2011-2015 74
Figure 73: Chevron Corporation, Net Productive Oil & Gas Wells, By Country/Region, Number, 2011-2015 74
Figure 74: Chevron Corporation, Net Productive Oil Wells, By Country/Region, Number, 2011-2015 75
Figure 75: Chevron Corporation, Exploratory and Developed Wells, 2011-2015 77


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