This is an interactive electronic version of the Philips Annual Report 2019 and also contains certain information in summarized form. Our disciplined approach to capital prioritizes investment in lower risk, higher return projects that we expect to generate cash flow within a few short years. opens in new window, OEMS workforce overview Further, it says, the company’s expansion in emerging markets that have little recycling and waste management infrastructure is likely to increase plastic waste. Recycling and sustainable packaging: At McCormick & Co., which has never had a proposal before, and Starbucks, a familiar target of recycling pressure, As You Sow is asking for a “report...on reducing the Company environmental impacts by stepping up the scale and pace of its sustainable packaging initiatives.” The McCormick proposal makes clear in its supporting statement and elsewhere that its primary concern is plastic packaging. OEMS leader/practitioner overview It operates in two segments, Upstream and Downstream. written safe-work practices are a Our safety, technical and regulatory product information, as well as company and industry resources. Chevron has always put people at the center of the energy conversation. Our sustainability strategy encompasses the concerns and issues identified by our stakeholders and we are committed to addressing these issues. We are grateful for your support and honored by the trust you place in us. In 2019, we led our peer group on several key metrics as we: Total Stockholder Returns (TSR) in 2019 and 8.5% over the past decade — both leading the peer group, marking the 32nd consecutive year of increased per-share dividend payouts, increased share repurchases to a run-rate of, in cash flow from operations and returned $13 billion to shareholders1, further strengthening the company’s balance sheet, 1 Includes $9 billion in dividends and $4 billion in share repurchases2 See page 41 in Annual Report PDF for additional information. As I write this letter, the world is facing extraordinary events, with volatile markets and an evolving global pandemic. If you use our datasets on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. Because we understand that the well-being of people everywhere depends on energy. Further questions can be addressed to the Treasurer at +1-832-813-4114 or by email at: @email. Furthermore, extreme weather is creating new risks from flooding that exacerbate plastics pollution risks from petrochemical plants. Chevron Phillips Chemical Revenue Est. We believe in the power of humanity to solve any challenge, to overcome any obstacle, and to find responsible solutions that work for all of us. Selected financial data follows, expressed in millions of dollars. But calls by governments and a variety of stakeholders to reduce single use plastics raise questions about whether projected demand for plastic products may slump, resulting in stranded petrochemical assets. operational and cultural strength — and we are committed to building on that strength. Phillips 66 echoes this argument and also says the resolution is too vague and that As You Sow did not provide sufficient proof of its stock ownership. If you use our chart images on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. 0000093410-20-000047.xls. Chevron Phillips - Pasadena Pasadena, TX 200 Valero Corporate Contractors San Antonio, TX 50 2018 CONSORTIUM ROLLOUTS ... TOTAL ANNUAL SAVINGS TOTAL ANNUAL SAVINGS TOTAL ANNUAL SAVINGS TOTAL ANNUAL SAVINGS RECORD TYPE REDUCTION IN TESTING ... 3/8/2019 … This is why we view our commitment to shareholders and stakeholders not only in financial terms but also in human terms. Plastics: New in 2019 is a resolution from As You Sow about “nurdles.” It asks Chevron, DowDupont, ExxonMobil and Phillips 66 to produce annual report “on plastic pollution,” saying the report “should disclose trends in the amount of pellets, powder or granules released to the environment by the company annually, and concisely assess the effectiveness of the company’s policies and actions to reduce the volume of the company’s plastic materials contaminating the environment.”, The proposal notes each firm produces petrochemicals and says each makes “pre-production pellets, or nurdles, manufactured in polymer production plants.” But “spills and poor handling procedures” mean “billions of such plastic pellets are swept into waterways during production or transport annually and increasingly found on beaches and shorelines, adding to harmful levels of plastic pollution in the environment.” It describes the negative impacts this has on ocean species, directly and also by creating toxins marine species consume and pass on to humans. Rising to this challenge requires us to perform at the highest level and inspires us to strengthen a culture where we continually Chevron Phillips Chemical does not make our financial statements available to the general public, but a summary of our financial performance is provided below. Affordable, reliable energy serves a vital human need. with Apple, ExxonMobil, Chevron Phillips, Houston Methodist, Covestro, and many other businesses. At Chevron, we believe our greatest resource is not the resource in the ground — but rather the inspiration, creativity and ingenuity of our people. Chevron Shipping added five new tankers to our fleet that feature technological advancements that significantly reduce emissions. Operational Excellence (OE) puts into action our Chevron Way value of protecting people and the environment and helps us achieve Chevron’s vision to be the global energy company most admired for its people, partnership and performance. pursued opportunities to reduce energy consumption, cut emissions and increase renewables in support of our business. Current Reports. The Chevron Way. The Pascagoula Refinery is the largest Chevron-operated refinery. San Ramon, Calif., Jan. 31, 2020 – Chevron Corporation (NYSE: CVX) today reported a loss of $6.6 billion ($(3.51) per share - diluted) for fourth quarter 2019, compared with earnings of $3.7 … Through subsidiaries and equity affiliates, we manufacture and market a wide range of petrochemicals on a worldwide basis. Energy that is affordable, reliable and ever-cleaner. For its part, ExxonMobil contends the proposal seeks to micromanage it, and it therefore is ordinary business. We are proud to play a role in providing the energy that makes human progress possible. Chevron and P66Co each appoint three voting representatives, and Chevron Phillips Chemical’s chief executive officer and chief financial officer are non-voting representatives. We are a limited liability company formed in 2000 under Delaware law, and we are owned 50 percent by Chevron U.S.A. Inc. (Chevron), an indirect wholly owned subsidiary of Chevron Corporation, and 50 percent by Phillips 66 Company (P66Co), a wholly owned subsidiary of Phillips 66. 2 See page 41 in Annual Report PDF for additional information Our Upstream business delivered record production even as we streamlined our operational and geographic footprint. We elected not to pursue a major acquisition at a price that would have eroded shareholder value and have announced plans to reduce funding to gas-related assets, including Appalachia Shale and Kitimat LNG. Chevron annual revenue for 2018 was $166.339B, a 17.37% increase from 2017. Our flexible capital program, coupled with our industry-leading balance sheet safety program. The 2018-19 school year was the third consecutive year Chevron Phillips Chemical supported PlastiVan. We offer a wide range of solutions essential to your products. As You Sow and Yum Brands have a long history with recycling. In Goose Creek, we ... 2018-2019 ANNUAL REPORT: 2018-2019 ANNUAL REPORT… Although McCormick has identified sustainable packaging as a top priority and set goals to cut its packaging carbon footprint by one-quarter by 2025 and eliminate bisphenol A (BPA) by the end of 2018, the proposal says this aim “will likely increase the number of plastic items entering waste streams and the environment, since the company has replaced metal containers with plastics. Chevron annual/quarterly revenue history and growth rate from 2006 to 2020. The proposal notes an anti-pollution pledge in December 2017 by the UN Environmental Assembly in Nairobi, supported by 200 countries and the U.S. Microbead-Free Waters Act of 2015 that prohibited some microplastics in cosmetics. Through its subsidiaries that conduct business worldwide, the company is involved in virtually every facet of the energy industry. But we also know, from experience, the path to surmounting any challenge: pursuit of innovation, commitment to partnership, trust in markets and belief in the power of human energy. Highlights include: The innovative and ongoing actions we are taking to advance environmental performance. Such pellet spills, which can get … We make the petrochemical solutions found in products of all kinds — with purpose, collaboration and care. Plastics: New in 2019 is a resolution from As You Sow about “nurdles.”It asks Chevron, DowDupont, ExxonMobil and Phillips 66 to produce annual report “on plastic pollution,” saying the report … California Transparency in Supply Chains Act Disclosure, Annual Sales and Other Operating Revenues. is a responsibility we take seriously and a challenge we embrace wholeheartedly. At Chevron Phillips … Revenue can be defined as the amount of money a company receives from its customers in exchange for the sales of goods or services. Most recently, the group withdrew a 2016 proposal about on-site recycling after an SEC challenge and a new effort from the company on recycling. We’re a company with deep-rooted values, and we’re looking for people like you to join our team. pdf 2019 Annual Report pdf opens in new window; pdf 2019 Supplement to the Annual Report pdf opens in new window; pdf 2019 Corporate Sustainability Report pdf opens in new window; pdf The Chevron Way - English pdf opens in new window; sustainability: enabling human progress; glossary of energy and financial terms opens in new window Plastics and other petrochemical goods are set to overtake the transport sector as the largest driver of global oil demand. Report of unscheduled material events or corporate event. We were excited that over 2,500 students in 12 schools in communities we call home were inspired and introduced to hands-on STEM learning. Our Upstream business delivered record production even as we streamlined our operational and geographic footprint. opens in new window. Chevron annual revenue for 2019 was $146.516B, a 11.92% decline from 2018. We produced 3.06 million oil-equivalent barrels per day in 2019, up more than 4 percent from 2018. We also embarked on changes to define the next evolution of this segment, enhancing our ability to compete in any price environment by driving efficiencies, evolving our portfolio and optimizing the value chain. integrity, getting results the right way and striving for humanity’s highest aspirations: to create a more prosperous, equitable and sustainable world. Please check your download folder. needs, while also achieving its environmental goals. Selected financial data will be updated quarterly on the following dates, which are subject to change: Chevron Phillips Chemical has received debt ratings from Standard & Poor’s Ratings Services (Standard & Poor’s) and Moody’s Investors Service, Inc. (Moody’s) as follows: General information concerning Chevron Phillips Chemical is available through Dun & Bradstreet under DUNS number 03-891-2866. Our Pipeline and Power team Chevron Corporation, engages in petroleum, chemicals, mining, power generation, and energy operations worldwide. Our unwavering commitment to the health and safety of our workforce, operating reliably, and capital and cost discipline are core principles that will serve us well as we work to meet the vital energy needs of the world. 0000093410-20-000047.rtf. Chevron revenue for the quarter ending September 30, 2020 was, Chevron revenue for the twelve months ending September 30, 2020 was. We’re working together to provide energy that drives human progress. It concludes there is “an urgent need” for more information about corporate efforts to curb spills of plastic pellets and remediation-related pollution and suggests the report “include discussion of pellet loss prevention, cleanup and containment.”, The proposal notes that the joint venture Chevron Phillips Chemical, owned by Chevron and Phillips 66, “is one of the world’s top producers of olefins and polyolefins,” that DowDupont “is one of the world’s largest plastics and resins manufacturers,” and that ExxonMobil “is one of the world’s largest chemical companies and a top producer of plastics such as polypropylene and polyethylene.” It points out that Operation Clean Sweep, supported by ExxonMobil, encourages best practices but “provides no public reporting.”, Lila HolzmanEnergy Program Manager, As You Sow, Conrad MackerronSenior Vice President, As You Sow.