Chevron reaffirms strategies at annual analyst meeting

Chevron (CVX -0.6%) reaffirms its strategies and long-term growth outlook at its annual analyst meeting, but cuts its 2017 production forecast to 3.1M boe/day from earlier guidance of 3.3M boe/day.

Expects increasing worldwide energy demand to prompt "significant" production growth over the rest of the decade: "This compelling growth profile, combined with flattening capital spending levels these next few years, should serve as a strong catalyst for value creation for our shareholders in the years ahead," CEO John Watson says.

Sees $10B in asset divestment proceeds from 2014-16.

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Comments (3)
  • distew
    , contributor
    Comments (2) | Send Message
    11 Mar 2014, 10:45 AM Reply Like
  • MAC-Iowa
    , contributor
    Comments (4) | Send Message
    Keep on pumping baby, and the dividends flowing!
    11 Mar 2014, 12:03 PM Reply Like
  • moseharper
    , contributor
    Comments (663) | Send Message
    I feel it's the best run major, period.
    11 Mar 2014, 06:14 PM Reply Like
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