Chevron drives an expanded market presence with Energy in Progress

The events of the past year have defined the energy challenge facing the world: meeting the energy demands of today while building the lower carbon energy system of tomorrow.

This will require advancing technologies, accelerating solutions, harnessing the power of markets and unleashing human ingenuity. Progress depends on scalable solutions that deliver affordable, reliable and ever-cleaner energy.

The recent volatility illustrates the need for an energy system that balances economic prosperity, energy security and environmental protection. Affordable and reliable energy is vital for economies to flourish and for national security. And we all share a stake in a lower carbon future.

The Power of Partnership

At Chevron, we understand different customers have different needs, and we pride ourselves on advancing flexible solutions. We’re committed to developing long-term relationships built around supply certainty from a diverse production base – providing LNG to support our customers’ business needs and contribute to global energy security.

For more than 140 years, Chevron has been one of the world’s leading integrated energy companies and innovators. Our upstream assets, market capabilities and customer base differentiate Chevron from market peers and will drive an expanded market presence. We are building on these strengths as we aim to lead in lower carbon intensity and advance new products and solutions that reduce the carbon emissions of major industries.

LNG for a Lower Carbon Future

We believe reducing the carbon intensity of the energy on which billions of people rely every day is a tremendous opportunity to make progress toward the global net-zero ambitions of the Paris Agreement. LNG can provide a lower-carbon energy option as the U.S. Energy Information Administration estimated that natural gas emits almost 50% less CO2 than coal. 

Delivering New Energies to a Growing World

Our New Energies organisation is focused on areas where we believe we can build competitive advantages and target sectors of the economy that are harder to abate.

Areas at the core of our strategy are:

• Hydrogen
• Carbon capture, utilization and storage (CCUS)
• Offsets
• Emerging technologies

New energies are an important part of meeting the growing demand for affordable, reliable and ever-cleaner energy and addressing climate change. These businesses support Chevron’s efforts to help reduce greenhouse gas emissions and are also expected to become high growth opportunities.

Advancing Energy Progress

Chevron’s capabilities, assets and customer relationships are distinct advantages. We’re building on these strengths as we aim to lead in lower carbon intensity oil, products and natural gas and at the same time advance new products and solutions that reduce the carbon intensity of major industries. As growth in the global economy drives greater overall energy demand, investment in lower carbon energy technologies will also continue to grow.

That’s Energy in Progress.