Chevron Corporation Oil & Gas Exploration and Production Operations and Cost Analysis - Q4, 2015

 Published On: May, 2016 |    No of Pages: 88 |  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 5
List of Figures 6
Company Snapshot 8
Key Information 8
Company Overview 8
Chevron Corporation, Valuation and Financial Data 9
Chevron Corporation, Share Price Performance 9
Share Price Performance, Q4, 2014-Q4, 2015 9
Chevron Corporation, Key Valuation Metrics 10
Key Valuation Metrics, Q4, 2014-Q4, 2015 10
Chevron Corporation, Quarterly E&P Costs Trends 11
Upstream Capital Expenditure, Q4, 2014-Q4, 2015 11
Chevron Corporation, Quarterly Production Trends 12
Chevron Corporation, Total Oil and Gas Production 12
Total Crude Oil and Natural Gas Production Trend, Q4, 2014-Q4, 2015 12
Total Crude Oil & Natural Gas Production, By Country/Region, Q4, 2014-Q4, 2015 13
Chevron Corporation, Crude Oil Production 14
Total Crude Oil Production Trend, Q4, 2014-Q4, 2015 14
Crude Oil Production, By Country/Region, Q4, 2014-Q4, 2015 15
Chevron Corporation, Natural Gas Production 16
Total Natural Gas Production Trend, Q4, 2014-Q4, 2015 16
Natural Gas Production, By Country/Region, Q4, 2014-Q4, 2015 17
Chevron Corporation, Valuation and Financial Data, 2011-2015 18
Chevron Corporation, Share Price Performance, 2011-2015 18
Share Price Performance, 2011-2015 18
Key Valuation Metrics, 2011-2015 19
Chevron Corporation, Production and Reserves Trends 20
Total Oil and Gas, Reserves and Production 20
Total Crude Oil and Natural Gas Production and Reserves Trend, 2011-2015 20
Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2011-2015 22
Total Crude Oil and Natural Gas Reserve Changes, 2011-2015 24
Crude Oil/Liquids Production and Reserve 25
Crude Oil/Liquids Production and Reserve Trend, 2011-2015 25
Crude Oil Production and Reserves By Country/Region, 2011-2015 26
Crude Oil/Liquids Reserve Changes, 2011-2015 28
Natural Gas Production and Reserve 29
Natural Gas Production and Reserve Trend, 2011-2015 29
Natural Gas Production and Reserves, By Country/Region, 2011-2015 30
Natural Gas Reserve Changes, 2011-2015 32
Total Crude Oil and Natural Gas Reserves Life Index 33
Total Crude Oil and Natural Gas Reserves Life Index, 2011-2015 33
Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2011-2015 34
Chevron Corporation, E&P Costs Trends 37
Allocation of the Upstream Capital Expenditure 37
Upstream Capital Expenditure, 2011-2015 37
Acquisition Costs By Country/Region, 2011-2015 38
Exploration and Development Costs, By Country/Region, 2011-2015 40
Oil and Gas Cost Per boe, US$/boe 42
Oil and Gas Cost Per boe, US$/boe, 2011-2015 42
Oil and Gas Cost Per boe, US$/boe, By Country/Region, 2011-2015 44
Chevron Corporation, Reserve Replacement Ratio 47
Oil and Gas Production Replacement Ratio 47
Oil and Gas Production Replacement Ratio, 2011-2015 47
Oil and Gas Production Replacement Ratio, By Country/Region, 2011-2015 49
Chevron Corporation, Results of Oil & Gas Operations Trend 54
Oil and Gas Revenue and Expenses 54
Oil and Gas Revenue and Expenses, 2011-2015 54
Oil and Gas Revenue and Expenses, By Country/Region, 2011-2015 55
Oil and Gas Revenue and Expenses, Per boe 61
Oil and Gas Revenue and Expenses, By boe, 2011-2015 61
Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2011-2015 62
Oil and Gas Performance Metrics 67
Chevron Corporation, Land Holdings and Well Data 68
Developed and Undeveloped Acreage 68
Gross and Net Developed and Undeveloped Acreage, 2011-2015 68
Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2011-2015 69
Well Statistics 72
Producible Oil and Gas Well, 2011-2015 72
Producible Oil and Gas Well, By Country/Region, 2011-2015 73
Exploration and Development Wells Drilled, 2011-2015 78
Exploration and Development Wells Drilled, By Country/Region, 2011-2015 79
Recent Developments 81
Chevron Corporation - Recent Developments 81
Apr 27, 2016: Chevron: Henry Kusch, New General Manager of El Segundo Refinery 81
Apr 25, 2016: PDVSA: Venezuela Consolidates The Hydrocarbon Development Of The Hugo Chavez Orinoco Oil Belt 81
Apr 20, 2016: ITF-Facilitated JIP Enters Trial Phase To Provide Clearer Understanding Of Subsea Faults 82
Apr 07, 2016: Chevron To Eliminate 655 Jobs In Houston, US 82
Apr 06, 2016: MRC Global Expands Service To Chevron Into The Gulf Of Mexico 82
Apr 05, 2016: Lukoil Discloses Kazakhstan's $1.6bn Claim Against BG Group–Eni Venture 83
Apr 05, 2016: Chevron May Restart Gorgon LNG Export Terminal Within 30-60 Days 83
Apr 04, 2016: Maersk Oil: Future Solution For Tyra Field To Be Identified This Year 83
Apr 04, 2016: Randolph S. Richards Named Chevron Treasurer 84
Apr 04, 2016: Chevron: Randolph S. Richards Named Chevron Treasurer 85
Appendix 86
Methodology 86
Coverage 86
Secondary Research 86
Primary Research 86
Data Information Sources 87
Company Source 87
SEC/Other Regulatory Filings 87
Other Sources 87
Expert Panel Validation 87
Data Definition 87
Oil and Gas Reserves 87
Units of Measure 88
About GlobalData 88
Disclosure 88
Disclaimer 88

List of Tables
Table 1: Chevron Corporation, Key Facts 8
Table 2: Chevron Corporation, Share Price Performance, Q4, 2014-Q4, 2015 9
Table 3: Chevron Corporation, Key Valuation Metrics, Q4, 2014-Q4, 2015 10
Table 4: Chevron Corporation, Upstream Capital Expenditure, Q4, 2014-Q4, 2015 11
Table 5: Chevron Corporation, Total Crude Oil and Natural Gas, Production, Q4, 2014-Q4, 2015 12
Table 6: Chevron Corporation, Total Oil & Gas Production, By Country/Region, mmboe, Q4, 2014-Q4, 2015 13
Table 7: Chevron Corporation, Total Crude Oil Production, mmbbl, Q4, 2014-Q4, 2015 14
Table 8: Chevron Corporation, Crude Oil Production, By Country/Region, mmbbl, Q4, 2014-Q4, 2015 15
Table 9: Chevron Corporation, Total Natural Gas Production, bcf, Q4, 2014-Q4, 2015 16
Table 10: Chevron Corporation, Natural Gas Production, By Country/Region, bcf, Q4, 2014-Q4, 2015 17
Table 11: Chevron Corporation, Share Price Performance, 2011-2015 18
Table 12: Chevron Corporation, Key Valuation Metrics, 2011-2015 19
Table 13: Chevron Corporation, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 21
Table 14: Chevron Corporation, Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2011-2015 23
Table 15: Chevron Corporation, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2011-2015 24
Table 16: Chevron Corporation, Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 25
Table 17: Chevron Corporation, Crude Oil Production and Reserves, By Country/Region, mmbbl, 2011-2015 27
Table 18: Chevron Corporation, Crude Oil Reserve Changes, mmbbl, 2011-2015 28
Table 19: Chevron Corporation, Natural Gas Production and Reserves Metrics, bcf, 2011-2015 29
Table 20: Chevron Corporation, Natural Gas Production and Reserves, By Country/Region, bcf, 2011-2015 31
Table 21: Chevron Corporation, Natural Gas Reserve Changes, bcf, 2011-2015 32
Table 22: Chevron Corporation, Oil and Gas Reserves Life Index, Years, 2011-2015 33
Table 23: Chevron Corporation, Oil and Gas Reserves Life Index, By Country/Region, Years, 2011-2015 36
Table 24: Chevron Corporation, Upstream Capital Expenditure, US$ mil, 2011-2015 37
Table 25: Chevron Corporation, Proved and Unproved Acquisition Costs, By Country/Region, US$ mil, 2011-2015 39
Table 26: Chevron Corporation, Exploration and Development Costs, By Country/Region, US$ mil, 2011-2015 41
Table 27: Chevron Corporation, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2011-2015 43
Table 28: Chevron Corporation, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2011-2015 46
Table 29: Chevron Corporation, Oil and Gas Production Replacement Ratio, %, 2011-2015 47
Table 30: Chevron Corporation, 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2011-2015 52
Table 31: Chevron Corporation, Revenue and Expenses, US$ mil, 2011-2015 54
Table 32: Chevron Corporation, Revenue and Expenses, By Country/Region, US$ mil, 2011-2015 59
Table 33: Chevron Corporation, Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 61
Table 34: Chevron Corporation, Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2011-2015 65
Table 35: Chevron Corporation, Oil and Gas Performance Metrics, 2011-2015 67
Table 36: Chevron Corporation, Land Holdings (Developed and Undeveloped Acreage), Acres, 2011-2015 68
Table 37: Chevron Corporation, Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2011-2015 71
Table 38: Chevron Corporation, Producible Oil and Gas Wells, 2011-2015 72
Table 39: Chevron Corporation, Producible Oil and Gas Wells, By Country/Region, 2011-2015 76
Table 40: Chevron Corporation, Exploratory and Developed Wells, 2011-2015 78
Table 41: Chevron Corporation, Exploratory and Developed Wells, By Country/Region, 2011-2015 79

List of Figures
Figure 1: Chevron Corporation, Share Price Performance, USD/Share, Q4, 2014-Q4, 2015 9
Figure 2: Chevron Corporation, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve ($/boe), Q4, 2014-Q4, 2015 10
Figure 3: Chevron Corporation, Upstream Capital Expenditure, US$ mil, Q4, 2014-Q4, 2015 11
Figure 4: Chevron Corporation, Total Crude Oil and Natural Gas, Production, mmboe, Q4, 2014-Q4, 2015 12
Figure 5: Chevron Corporation, Total Oil & Gas Production, By Country/Region, mmboe, Q4, 2014-Q4, 2015 13
Figure 6: Chevron Corporation, Total Crude Oil Production, mmbbl, Q4, 2014-Q4, 2015 14
Figure 7: Chevron Corporation, Crude Oil Production, By Country/Region, mmbbl, Q4, 2014-Q4, 2015 15
Figure 8: Chevron Corporation, Total Natural Gas Production, bcf, Q4, 2014-Q4, 2015 16
Figure 9: Chevron Corporation, Natural Gas Production, By Country/Region, bcf, Q4, 2014-Q4, 2015 17
Figure 10: Chevron Corporation, Share Price Performance, USD/Share, 2011-2015 18
Figure 11: Chevron Corporation, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve (US$/boe), 2011-2015 19
Figure 12: Chevron Corporation, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 20
Figure 13: Chevron Corporation, Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2011-2015 22
Figure 14: Chevron Corporation, Total Oil & Gas Production, By Country/Region, mmboe, 2011-2015 22
Figure 15: Chevron Corporation, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2015 24
Figure 16: Chevron Corporation, Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 25
Figure 17: Chevron Corporation, Oil Reserves, End of Period, By Country/Region, mmbbl, 2011-2015 26
Figure 18: Chevron Corporation, Oil Production, By Country/Region, mmbbl, 2011-2015 26
Figure 19: Chevron Corporation, Crude Oil Reserve Changes, mmbbl, 2015 28
Figure 20: Chevron Corporation, Natural Gas Production and Reserves Metrics, bcf, 2011-2015 29
Figure 21: Chevron Corporation, Gas Reserves, End of Period, By Country/Region, bcf, 2011-2015 30
Figure 22: Chevron Corporation, Gas Production, By Country/Region, bcf, 2011-2015 30
Figure 23: Chevron Corporation, Natural Gas Reserve Changes, bcf, 2015 32
Figure 24: Chevron Corporation, Oil and Gas Reserves Life Index, Years, 2011-2015 33
Figure 25: Chevron Corporation, Gas Reserve Life Index, By Country/Region, Ratio, 2011-2015 34
Figure 26: Chevron Corporation, Oil & Gas Reserve Life Index, By Country/Region, Ratio, 2011-2015 34
Figure 27: Chevron Corporation, Oil Reserve Life Index, By Country/Region, Ratio, 2011-2015 35
Figure 28: Chevron Corporation, Upstream Capital Expenditure, US$ mil, 2011-2015 37
Figure 29: Chevron Corporation, Proved Acquisition Costs, By Country/Region, US$ mil, 2011-2015 38
Figure 30: Chevron Corporation, Unproved Acquisition Costs, By Country/Region, US$ mil, 2011-2015 38
Figure 31: Chevron Corporation, Development Costs, By Country/Region, US$ mil, 2011-2015 40
Figure 32: Chevron Corporation, Exploration Costs, By Country/Region, US$ mil, 2011-2015 40
Figure 33: Chevron Corporation, 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2011-2015 42
Figure 34: Chevron Corporation, Oil & Gas Finding & Development Cost/boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 44
Figure 35: Chevron Corporation, Oil & Gas Finding Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 44
Figure 36: Chevron Corporation, Reserve Replacement Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 45
Figure 37: Chevron Corporation, 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2011-2015 47
Figure 38: Chevron Corporation, 3-Year Wt. Avg. Gas F&D Production Replacement, By Country/Region, %, 2011-2015 49
Figure 39: Chevron Corporation, 3-Year Wt. Avg. Gas RRC Production Replacement, By Country/Region, %, 2011-2015 49
Figure 40: Chevron Corporation, 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2011-2015 50
Figure 41: Chevron Corporation, 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2011-2015 50
Figure 42: Chevron Corporation, 3-Year Wt. Avg. Oil F&D Production Replacement, By Country/Region, %, 2011-2015 51
Figure 43: Chevron Corporation, 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2011-2015 51
Figure 44: Chevron Corporation, Revenue and Expenses, US$ mil, 2011-2015 54
Figure 45: Chevron Corporation, Depreciation, Depletion and Amortization From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 55
Figure 46: Chevron Corporation, Exploration Expenses, By Country/Region, US$ mil, 2011-2015 55
Figure 47: Chevron Corporation, Income Tax Provision (Benefit) From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 56
Figure 48: Chevron Corporation, Net Income/ Loss From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 56
Figure 49: Chevron Corporation, Oil & Gas Revenue, By Country/Region, US$ mil, 2011-2015 57
Figure 50: Chevron Corporation, Profit (loss) Before Taxation From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 57
Figure 51: Chevron Corporation, Production Costs, By Country/Region, US$ mil, 2011-2015 58
Figure 52: Chevron Corporation, Total Expenses From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 58
Figure 53: Chevron Corporation, Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 61
Figure 54: Chevron Corporation, Exploration Expenses per boe, By Country/Region, US$/boe, 2011-2015 62
Figure 55: Chevron Corporation, Income Tax/(Benefit) per boe, By Country/Region, US$/boe, 2011-2015 62
Figure 56: Chevron Corporation, Lifting Cost per boe, By Country/Region, US$/boe, 2011-2015 63
Figure 57: Chevron Corporation, Annual Net Income per boe, By Country/Region, US$/boe, 2011-2015 63
Figure 58: Chevron Corporation, Oil & Gas Revenue per boe, By Country/Region, US$/boe, 2011-2015 64
Figure 59: Chevron Corporation, Total DD&A per boe, By Country/Region, US$/boe, 2011-2015 64
Figure 60: Chevron Corporation, Total Revenue per boe, By Country/Region, US$/boe, 2011-2015 65
Figure 61: Chevron Corporation, Oil and Gas Performance Metrics, 2011-2015 67
Figure 62: Chevron Corporation, Land Holdings (Developed and Undeveloped Acreage), Acres, 2011-2015 68
Figure 63: Chevron Corporation, Total Gross Undeveloped Acreage, By Country/Region, Acres, 2011-2015 69
Figure 64: Chevron Corporation, Total Net Undeveloped Acreage, By Country/Region, Acres, 2011-2015 69
Figure 65: Chevron Corporation, Total Gross Developed Acreage, By Country/Region, Acres, 2011-2015 70
Figure 66: Chevron Corporation, Total Net Developed Acreage, By Country/Region, Acres, 2011-2015 70
Figure 67: Chevron Corporation, Producible Oil and Gas Wells, 2011-2015 72
Figure 68: Chevron Corporation, Gross Productive Gas Wells, By Country/Region, Number, 2011-2015 73
Figure 69: Chevron Corporation, Gross Productive Oil & Gas Wells, By Country/Region, Number, 2011-2015 73
Figure 70: Chevron Corporation, Gross Productive Oil Wells, By Country/Region, Number, 2011-2015 74
Figure 71: Chevron Corporation, Net/Gross Oil & Gas Ratio, By Country/Region, %, 2011-2015 74
Figure 72: Chevron Corporation, Net Productive Gas Wells, By Country/Region, Number, 2011-2015 75
Figure 73: Chevron Corporation, Net Productive Oil & Gas Wells, By Country/Region, Number, 2011-2015 75
Figure 74: Chevron Corporation, Net Productive Oil Wells, By Country/Region, Number, 2011-2015 76
Figure 75: Chevron Corporation, Exploratory and Developed Wells, 2011-2015 78


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