Downstream & Chemicals

Size: px
Start display at page:

Download "Downstream & Chemicals"

Transcription

1 Downstream & Chemicals Mike Wirth Executive Vice President

2 Themes Strategy Performance Growth 2

3 Strategy Focused on Improving Returns Improve returns and grow earnings across the value chain Operational Excellence Focused refining and marketing portfolio Asset scale, flexibility, complexity Targeted growth 3

4 Demand Growth Points to Attractive Segments Outlook Outlook Premium Base Oils 83 % growth Rest of World Asia is the primary growth engine Fuels 14 % growth Americas Petrochemicals 43 % growth Americas Asia Americas Rest of World Asia Lubricants and petchem growth faster than fuels Distillate growth continues globally Rest of World Asia Fuel Products 14 % growth Gasoline LPG/Naphtha Distillate Source: Nexant, IHS/Purvin & Gertz and CVX estimates 4

5 New Resources Creating Opportunity Ethylene cash costs Brent-WTI differential $/MT 1000 North America Ethane Asia Naphtha $/BBL Middle East Ethane Source: Nexant, EIA Annual Energy Outlook (2013 early release) 5

6 Themes Strategy Performance Growth 6

7 Sustained Top-Tier Reliability Sustaining high-level of utilization performance Solomon Utilization Chevron vs. International Majors 85% Deploying turnaround improvement initiatives 7 80% % 70% CVX Ranking Relative to Competitors 1 being the best Competitor Range (Majors tracked by Solomon) Source: Solomon Associates, CVX estimates 7

8 Restructuring Complete Country Count % reduction Focused footprint Simpler model Reduced costs Trade Sales Million Barrels / Day % reduction Higher returns Terminal Count % reduction Company-Owned Stations % reduction Headcount Thousands % reduction Excludes chemicals 8

9 We Deliver Results Return on Capital Employed 3-Year R&M Commitment Portfolio and Costs 7 % Improvement Target 10 % Improvement Actual Marketing Market? Refining Excludes chemicals, non-recurring items 9

10 Strong Competitive Performance $ 3.01 per barrel 2012 Adjusted Earnings* $3 $2 $ % 2012 Adjusted ROCE $0 5 -$ % 20% 10% 0% * Downstream excluding chemicals Base chemicals included for TOT starting 2012 CVX Ranking Relative to Competitors 1 being the best Competitor Range BP, RDS, TOT, XOM Source: Competitor analysis based on publicly available information. Adjusted ROCE analysis based on Chevron estimates and public information treated on a consistent basis. Excludes special items. Reconciliation to non-gaap earnings measure for Chevron can be found in the Appendix of this presentation. Chevron s 2008 to 2010 information conforms to 2011 segment presentation. 10

11 Themes Strategy Performance Growth 11

12 Competitive Asia Portfolio Focused footprint Scale at regional and facility level High Value Products Gasoline & Distillates, MMBD XOM Strong market positions 1.0 RDS Targeted capital investments 0.5 BP 0.0 Refinery Capacity Average Size, MBD XOM RDS BP Refinery Product Supply 0 Both charts are 100% basis Source: CVX estimates 12

13 Chevron Phillips Commodity Chemicals Growth Advantaged feedstock position North America and Middle East Strong performance trend Peer leading cash returns Attractive opportunities USGC Cracker FID 2013 Feedstock Cost $/MT 1, Middle East Performance N. America Ethane EBITDA/Average Assets* N. America Naphtha Asia Naphtha 40% 20% 0% -20% 4 * Adjusted for non-operational earnings CPChem Ranking 1 Competitor Range XOM, RDS, LYO, DOW, WLK, BAK, Nova, Borealis Source: Nexant, CPChem estimates 13

14 Chevron Oronite Specialty Chemicals Growth Lubricant Additives Demand 55 % increase 21 % increase 7 % increase Asia Pacific Europe Africa Middle East Americas World-scale plants 3 major demand centers Expanding capacity Detergents and dispersants Investing in technology Differentiated engine oil additives Performance After-Tax Earnings 4-year Average 3x increase Operating Expenses 4-year Average Source: CVX estimates 14

15 Chevron Lubricants Growing a High Margin Business Base Oil Capacity Premium Base Oils end of 2013 MBD RDS XOM Premium base oils Leading producer Expanding capacity Asia and Americas Sustaining profitable growth Performance After-Tax Earnings 4-year Average 2x increase Operating Expenses 4-year Average 0 Pascagoula Base Oil Plant Source: Lubes n Greases 15

16 Major Capital Projects Drive Earnings Growth Cedar Bayou Hexene Plant 250 kmta USGC Petrochemicals Ethylene 1500 kmta Polyethylene 1000 kmta Oronite Additives Plant Expansions Singapore Capital Employed % 29 % 47 % % 34 % Projected Startup 33 % Pascagoula Premium Base Oils 25 MBD South Korea Gas Oil Conversion 53 MBD Chemicals & Lubricants R&M - Asia Pacific R&M - All Other 16

17 Well-Positioned for Today and the Future Strategy Improve returns Operational excellence Focused portfolio Competitive assets Performance Top-tier performance Safety Reliability Profitability Growth Targeting growth Asia Chemicals Lubricants 17

18 Questions and Answers

19 Break

Downstream. Mike Wirth Executive Vice President Chevron Corporation

Downstream. Mike Wirth Executive Vice President Chevron Corporation Downstream Mike Wirth Executive Vice President 2 Strategy Focused on Improving Returns Improve returns and grow earnings across the value chain Operational Excellence Focused refining and marketing portfolio

More information

Refining Industry Outlook

Refining Industry Outlook Refining Industry Outlook Ron Chittim Refining Issues Manager American Petroleum Institute Crude Oil Quality Group Houston September 27, 2001 Topics Overview of API & Major Activities Refining Industry

More information

Opening address for dinner-debate

Opening address for dinner-debate Opening address for dinner-debate Mohammed Barkindo Acting for the OPEC Secretary General European Parliament Strasbourg, France 4 July 2006 1 Outline Importance of EU-OPEC Energy Dialogue Current oil

More information

Polyolefins Overview. Nick Vafiadis, Senior Director Global Polyolefins and Plastics 1(281) FPA: September 2013

Polyolefins Overview. Nick Vafiadis, Senior Director Global Polyolefins and Plastics 1(281) FPA: September 2013 Polyolefins Overview Nick Vafiadis, Senior Director Global Polyolefins and Plastics Nick.Vafiadis@ihs.com 1(281)752-3206 FPA: September 2013 Agenda Ethylene Polyethylene Propylene Polypropylene 2 Ethylene

More information

Market Report Series Oil SIEW 2017 launch - 28 March 2017

Market Report Series Oil SIEW 2017 launch - 28 March 2017 Market Report Series Oil 2017 SIEW 2017 launch - 28 March 2017 Oil demand continues to grow but at a slower pace 2.0 Global oil demand growth 2014-2022 1.5 1.0 0.5 0.0 2014 2015 2016 2017 2018 2019 2020

More information

Annual results 2017 and strategy update. 09 March 2018

Annual results 2017 and strategy update. 09 March 2018 Annual results 2017 and strategy update 09 March 2018 Agenda 1. Highlights & Group performance 2017 2. Strategy update 3. Outlook 2018 March 9, 2018 Accell Group N.V. presentation annual results 2017 1

More information

OLEFINS AND METHANOL. 34th IHS World Methanol Conference OCTOBER 2016

OLEFINS AND METHANOL. 34th IHS World Methanol Conference OCTOBER 2016 OCTOBER 2016 OLEFINS AND METHANOL 34th IHS World Methanol Conference Steve Lewandowski, Vice President - Olefins +1 281 752 3230 steve.lewandowski@ihsmarkit.com Agenda On purpose olefins production becomes

More information

ENTERPRISE PRODUCTS PARTNERS L.P. LINKING US SUPPLY WITH ASIAN DEMAND: EXPANDING THE GLOBAL PIPELINE

ENTERPRISE PRODUCTS PARTNERS L.P. LINKING US SUPPLY WITH ASIAN DEMAND: EXPANDING THE GLOBAL PIPELINE ENTERPRISE PRODUCTS PARTNERS L.P. LINKING US SUPPLY WITH ASIAN DEMAND: EXPANDING THE GLOBAL PIPELINE March 5, 2019 Justin Kleiderer VP NGL Marketing & Supply ALL RIGHTS RESERVED. ENTERPRISE PRODUCTS PARTNERS

More information

4 th IEA-IEF-OPEC Symposium on Energy Outlooks. Riyadh, 22 January 2014

4 th IEA-IEF-OPEC Symposium on Energy Outlooks. Riyadh, 22 January 2014 4 th IEA-IEF-OPEC Symposium on Energy Outlooks Riyadh, 22 January 2014 Spare or stranded?* mb/d 7.0 Medium-Term Oil Market Balance 6.0 5.0 4.0 3.0 2.0 1.0 0.0-1.0 2004 2005 2006 2007 2008 2009 2010 2011

More information

EMERGING AUTOMOTIVE, CRUDE OIL, AND CHEMICALS SUPPLY CHAINS IN THE US SOUTHEAST

EMERGING AUTOMOTIVE, CRUDE OIL, AND CHEMICALS SUPPLY CHAINS IN THE US SOUTHEAST SEPTEMBER 2015 EMERGING AUTOMOTIVE, CRUDE OIL, AND CHEMICALS SUPPLY CHAINS IN THE US SOUTHEAST Presentation to the Southeast Association of Rail Shippers 2015 Fall Conference, Orlando, Florida Christopher

More information

Oil Markets. Kevin Lindemer Executive Managing Director, Energy Markets Group

Oil Markets. Kevin Lindemer Executive Managing Director, Energy Markets Group Oil Markets Kevin Lindemer Executive Managing Director, Energy Markets Group 2008 Outlook Downside risks in demand are increasing due to weaker economic outlook Upside supply risks still present but balance

More information

The New World Order in Energy: Peak Oil or Peak Prices?

The New World Order in Energy: Peak Oil or Peak Prices? The New World Order in Energy: Peak Oil or Peak Prices? Prepared For: APIC Marketing Seminar by CMAI Asia Petrochemical Industry Conference 2008 Raffles City Convention Centre, Singapore May 2008 Prepared

More information

Energy and commodity price benchmarking and market insights

Energy and commodity price benchmarking and market insights DeWitt Energy and commodity price benchmarking and market insights London, Houston, Washington, New York, Portland, Calgary, Santiago, Bogota, Rio de Janeiro, Singapore, Beijing, Tokyo, Sydney, Dubai,

More information

The Houston Economy Jesse Thompson Regional Business Economist The Federal Reserve Bank of Dallas, Houston Branch January 2017

The Houston Economy Jesse Thompson Regional Business Economist The Federal Reserve Bank of Dallas, Houston Branch January 2017 The Houston Economy Jesse Thompson Regional Business Economist The Federal Reserve Bank of Dallas, Houston Branch January 2017 Image from http://peoplesguidetohouston.wordpress.com/category/uncategorized/

More information

Annual results Accell Group 2016

Annual results Accell Group 2016 Annual results Accell Group 2016 Amsterdam, 10 March 2017 René J. Takens, CEO Hielke H. Sybesma, CFO Agenda 1. Key results 2016 2. Strategy 3. Outlook 10 March 2017 Accell Group N.V. presentation annual

More information

Airline industry outlook 2019

Airline industry outlook 2019 Airline industry outlook 2019 Brian Pearce Chief Economist 12 December 2018 Million barrels a day US$ per barrel Are the markets signalling recession ahead? 60 55 Business confidence (left scale) FTSE

More information

Outlook for airline markets and industry performance

Outlook for airline markets and industry performance Outlook for airline markets and industry performance June 2016 Brian Pearce Chief Economist International Air Transport Association % change over previous year Confidence index. 50 = no change The already

More information

PEMEX PETROQUIMICA 2013 ANNUAL CONFERENCE. PCI Xylenes & Polyester Doug Rightler

PEMEX PETROQUIMICA 2013 ANNUAL CONFERENCE. PCI Xylenes & Polyester Doug Rightler PEMEX PETROQUIMICA 2013 ANNUAL CONFERENCE PCI Xylenes & Polyester Doug Rightler Discussion Points» MEG demand growth by region.» MEG supply - China is in control or is it?» Price drivers - the Chinese

More information

Rebalancing Global Crude Flows

Rebalancing Global Crude Flows Rebalancing Global Crude Flows John R. Auers Executive Vice President AIChE Dallas Chapter April Section Meeting April 28, 2015 Page 1 TM&C North American Crude & Condensate Outlook TM&C began publishing

More information

The Houston Economy Jesse Thompson Regional Business Economist The Federal Reserve Bank of Dallas, Houston Branch February 2017

The Houston Economy Jesse Thompson Regional Business Economist The Federal Reserve Bank of Dallas, Houston Branch February 2017 The Houston Economy Jesse Thompson Regional Business Economist The Federal Reserve Bank of Dallas, Houston Branch February 2017 Image from http://peoplesguidetohouston.wordpress.com/category/uncategorized/

More information

Terex Materials Processing & Mining

Terex Materials Processing & Mining Terex Materials Processing & Mining MineExpo International 2008 September 22, 2008 Eric Nielsen President, Terex MP&M Forward Looking Statements & Non-GAAP Measures The following presentation contains

More information

Short and Medium-Term Oil Market Outlook. 13 th Shanghai Derivatives Market Forum - 25 May 2016

Short and Medium-Term Oil Market Outlook. 13 th Shanghai Derivatives Market Forum - 25 May 2016 Short and Medium-Term Oil Market Outlook 13 th Shanghai Derivatives Market Forum - 25 May 2016 Oil world changed on Nov. 27 th 2014 $/bbl 120 Brent crude oil 100 80 60 40 Copyright 2016 Argus Media 20

More information

Producer - Consumer Dialogue - Rising to New Challenges -

Producer - Consumer Dialogue - Rising to New Challenges - Producer - Consumer Dialogue - Rising to New Challenges - Klaus Rehaag Head, Oil Industry & Markets Division Editor, Oil Market Report International Energy Agency Paris, France klaus.rehaag@iea.org Asia

More information

Trade Growth - Fundamental Driver of Port Operations and Development Strategies

Trade Growth - Fundamental Driver of Port Operations and Development Strategies Trade Growth - Fundamental Driver of Port Operations and Development Strategies Marine Terminal Management Training Program October 15, 2007 Long Beach, CA Paul Bingham Global Insight, Inc. 1 Agenda Economic

More information

Web.com Completes Acquisition of Yodle Deal strengthens Web.com s portfolio of products that help small businesses compete and succeed online

Web.com Completes Acquisition of Yodle Deal strengthens Web.com s portfolio of products that help small businesses compete and succeed online Web.com Group, Inc. 12808 Gran Bay Parkway West Jacksonville, FL 32258 T: (904) 680-6600 F: (904) 880-0350 NASDAQ: WEB Web.com Completes Acquisition of Yodle Deal strengthens Web.com s portfolio of products

More information

Global Outlook for Agriculture Trend versus Cycle

Global Outlook for Agriculture Trend versus Cycle Global Outlook for Agriculture Trend versus Cycle Michael Swanson Ph.D. Wells Fargo October 2017 Everything is connected we just don t see how. Connection corollary: Nothing natural moves in a straight

More information

ISSUES AND CHALLENGES FACING THE PLASTICS INDUSTRY, An Exclusive Seminar for MPMA Members 2 nd April 2014 Venue: Conference Room, MPMA, Petaling Jaya

ISSUES AND CHALLENGES FACING THE PLASTICS INDUSTRY, An Exclusive Seminar for MPMA Members 2 nd April 2014 Venue: Conference Room, MPMA, Petaling Jaya ISSUES AND CHALLENGES FACING THE PLASTICS INDUSTRY, An Exclusive Seminar for MPMA Members 2 nd April 214 Venue: Conference Room, MPMA, Petaling Jaya Raw Materials Present and Future Regional/World Capacities

More information

Half year results Accell Group 2017

Half year results Accell Group 2017 Half year results Accell Group 2017 Hielke Sybesma, Interim CEO & CFO Jeroen Snijders Blok, COO Jeroen Both, CSCO July 21, 2017 Agenda 1. Key results H1 2017 2. Strategy 3. Outlook July 21, 2017 Accell

More information

General Meeting of Shareholders

General Meeting of Shareholders General Meeting of Shareholders Heerenveen, 20 April 2006 1 Agenda Accell Group in 2005 Share price Financials Outlook 2 Further growth Turnover + 8%, organic turnover growth 5% Accell exceeded the top

More information

Product Tanker Market

Product Tanker Market Product Tanker Market Chemical & Product Tanker Conference London 8 th 9 th March 2011 Presented by Simon Newman Senior Tanker Analyst Historical Earnings & Asset Prices Jan-00 Jul-00 Jan-01 Jul-01 Jan-02

More information

2019 Global Travel Forecast: Air, Hotel and Ground Prices

2019 Global Travel Forecast: Air, Hotel and Ground Prices 2019 Global Travel Forecast: Air, Hotel and Ground Prices Methodology 28 countries and 10 US cities Airlines, Hotel, Rental Car Forecast in USD, guidelines on currency exchange forecast Forecast projections

More information

For personal use only

For personal use only ASX ANNOUNCEMENT BILLABONG INTERNATIONAL LIMITED RESULTS FOR THE FULL YEAR TO 30 JUNE 2014 GOLD COAST, 28 August 2014: Billabong International Limited ( Billabong, the Company, together with its subsidiaries,

More information

Presentation first-half results 2010

Presentation first-half results 2010 Presentation first-half results 2010 Okura Hotel, Amsterdam 23 July 2010 René J. Takens, CEO Hielke H. Sybesma, CFO Jeroen M. Snijders Blok, COO Agenda 1. Accell Group in H1 2010 2. Segments and countries

More information

Cyclical gains but structural challenges

Cyclical gains but structural challenges Cyclical gains but structural challenges Brian Pearce Chief Economist www.iata.org/economics To represent, lead and serve the airline industry % change over year PMI index level, 50=no change Economic

More information

Tabcorp Holdings Limited. Citigroup Wagering Forum 9 November 2011

Tabcorp Holdings Limited. Citigroup Wagering Forum 9 November 2011 Tabcorp Holdings Limited Citigroup Wagering Forum 9 November 2011 Agenda Investment highlights Wagering market growth 1Q Wagering KPIs Fixed odds Distribution platforms Victorian Wagering and Betting licence

More information

Presentation half-year results 2012

Presentation half-year results 2012 Presentation half-year results 2012 Okura Hotel, Amsterdam 26 July 2012 René J. Takens, CEO Hielke H. Sybesma, CFO Jeroen M. Snijders Blok, COO Agenda 1. Accell Group in H1 2012 2. Accell Group share 3.

More information

A New Dawn? Mike Beveridge - Managing Director

A New Dawn? Mike Beveridge - Managing Director A New Dawn? Mike Beveridge - Managing Director January 2017 Fit at 50? 2 January 2018 Life Begins At 70? 3 What A Difference A Year Makes: From $55/bbl to $70/bbl $US 75 LTM Max: $70 70 65 60 55 LTM Avg:

More information

Oil Trading : From Supply / Demand Balancing To Price Risk Management

Oil Trading : From Supply / Demand Balancing To Price Risk Management Oil Trading : From Supply / Demand Balancing To Price Risk Management Frederic Baule TOTALFINAELF Trading Division 1 Once upon a time 2 Nymex decided to trade «futures» contracts for electricity in Palo

More information

Global economic cycle has slowed

Global economic cycle has slowed Year-on-year % change Confidence index, 50= no change Global economic cycle has slowed 25% 70 20% International trade growth 65 15% 10% Industrial production growth 60 5% 55 0% 50-5% Business confidence

More information

Current situation and prospects for copper, nickel, lead and zinc

Current situation and prospects for copper, nickel, lead and zinc Global Commodities Forum Palais des Nations, Geneva 22-23 March 2010 Current situation and prospects for copper, nickel, lead and zinc by Mr. Don Smale, Secretary General, International Lead and Zinc Study

More information

Canadian NGLs Outlook: Awash in Liquids

Canadian NGLs Outlook: Awash in Liquids Canadian Energy Research Institute Canadian NGLs Outlook: Awash in Liquids Dinara Millington Canadian Energy Research Institute 24 th Williston Basin Petroleum Conference May 24-26, 2016 Canadian Energy

More information

Rebalancing Global Crude Flows

Rebalancing Global Crude Flows Rebalancing Global Crude Flows John Mayes Director of Special Studies AFPM Annual Meeting San Antonio, Texas March 24, 2015 TM&C North American Crude & Condensate Outlook TM&C publishes North American

More information

Investor Presentation. August 2017

Investor Presentation. August 2017 Investor Presentation August 2017 Important Notices Forward-looking Statements: During the presentation, any comments made about future performance, events, prospects or circumstances, including estimated

More information

Fuel Gas Pressure Control Solutions for Fired Heaters and Boilers

Fuel Gas Pressure Control Solutions for Fired Heaters and Boilers Fuel Gas Control Solutions for Fired Heaters and Boilers Solutions for safer and more reliable operation of fired heater fuel gas systems. Prevent process downtime by keeping your critical heaters online.

More information

Campari Group s History

Campari Group s History 2017 Campari Group s History Campari was founded in 1860 - the year Gaspare Campari invented the bright red bittersweet aperitif in downtown Milan. From 1888 onwards, his successor and son, Davide Campari,

More information

Economy-wide (general equilibrium) analysis of Philippines mitigation potential

Economy-wide (general equilibrium) analysis of Philippines mitigation potential Global Trade Analysis Project Economy-wide (general equilibrium) analysis of Philippines mitigation potential Erwin Corong Center for Global Trade Analysis, Purdue University Crowne Plaza Hotel, Manila

More information

An update on Grid parity

An update on Grid parity 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 market volume [TWh] 35.000 30.000 25.000 20.000 15.000 10.000 5.000 - RES COM IND An update on Grid

More information

Impacts of the Global Economy on Asia Pacific Travel. 29 June 2007 John Walker

Impacts of the Global Economy on Asia Pacific Travel. 29 June 2007 John Walker Impacts of the Global Economy on Asia Pacific Travel 29 June 2007 John Walker jwalker@oxfordeconomics.com Oxford Economics Founded in 1981 Over 300 clients including blue chip companies and government

More information

PETROCHEMICAL INDUSTRY MAJOR CHALLENGES

PETROCHEMICAL INDUSTRY MAJOR CHALLENGES October. 2015 PETROCHEMICAL INDUSTRY MAJOR CHALLENGES Coal in China China is using MTO/MTP technology to manufacture olefins from its low-value coal reserves The European position Petrochemical production

More information

Chlor-Alkali Market Research Report- Forecast to 2022

Chlor-Alkali Market Research Report- Forecast to 2022 Report Information More information from: https://www.marketresearchfuture.com/reports/1966 Chlor-Alkali Market Research Report- Forecast to 2022 Report / Search Code: MRFR/CnM/1434-HCRR Publish Date:

More information

CONFERENCE CALL HY AUGUST 2018

CONFERENCE CALL HY AUGUST 2018 CONFERENCE CALL HY 2018 23 AUGUST 2018 DISCLAIMER This company presentation and the information contained are, unless noted separately, proprietary to Schoeller- Bleckmann Oilfield Equipment AG (SBO) and

More information

GRUPPO CAMPARI S HISTORY

GRUPPO CAMPARI S HISTORY PRESENTATION 2016 GRUPPO CAMPARI S HISTORY Campari was founded in 1860 - the year Gaspare Campari invented the bright red bittersweet aperitif in downtown Milan. From 1888 onwards, his successor and son,

More information

North American Resin Markets Trends Joel Morales, Director Polyolefins North America Western Plastics Association January 7, 2014

North American Resin Markets Trends Joel Morales, Director Polyolefins North America Western Plastics Association January 7, 2014 North American Resin Markets Trends Joel Morales, Director Polyolefins North America Western Plastics Association January 7, 2014 Advancing decisions that advance the world IHS, founded in 1959 and headquartered

More information

The US Economic Outlook

The US Economic Outlook IHS ECONOMICS US Outlook The US Economic Outlook November 2014 ihs.com Rafael Amiel, Director latin America Economics +1 215 789 7405, rafael.amiel.ihs.com 2014 IHS The US economy is gaining momentum Growth

More information

East Bay Financial Planners Association Conference

East Bay Financial Planners Association Conference East Bay Financial Planners Association Conference Is The New Normal Here to Stay? January 10, 2018 Rich Taylor Vice President Client Portfolio Manager Percent Change (%) Subpar Economic Growth Real GDP

More information

U.S. and Ohio Midstream Infrastructure Development

U.S. and Ohio Midstream Infrastructure Development U.S. and Ohio Midstream Infrastructure Development Findings and Results from ICF s Study for American Petroleum Institute, April 2017, U.S. Oil and Gas Infrastructure Investment through 2035 An Engine

More information

Europe June Craig Menear. Chairman, CEO & President. Diane Dayhoff. Vice President, Investor Relations

Europe June Craig Menear. Chairman, CEO & President. Diane Dayhoff. Vice President, Investor Relations Europe June 2016 Craig Menear Chairman, CEO & President Diane Dayhoff Vice President, Investor Relations Forward Looking Statements and Non-GAAP Financial Measurements Certain statements contained in today

More information

2005 EUROPEAN GAS LEADERS CONFERENCE- MERRILL LYNCH

2005 EUROPEAN GAS LEADERS CONFERENCE- MERRILL LYNCH G&P Business Trends Luciano Sgubini Chief Operating Officer Gas & Power Division London, June 23 rd 2005 EUROPEAN GAS LEADERS CONFERENCE- MERRILL LYNCH Disclaimer This presentation contains forward-looking

More information

Petrochemical Industry in China

Petrochemical Industry in China Petrochemical Industry in China - Growing Demand and Supply in the Future by Qu Guangdong Director, SRI Consulting Beijing Office 1 Chemical Industry In China Contents Macro Economic Situation in China

More information

Raymond James Institutional Investors Conference March 8, 2016

Raymond James Institutional Investors Conference March 8, 2016 Raymond James Institutional Investors Conference March 8, 2016 Notices Forward-Looking Statements & Non-IFRS Financial Information All financial references are expressed in US$ unless otherwise noted.

More information

Market Report Series. Spanish Energy Club, Madrid, 3 May 2018

Market Report Series. Spanish Energy Club, Madrid, 3 May 2018 Market Report Series Oil 2018 Spanish Energy Club, Madrid, 3 May 2018 Neil Atkinson, Head of Oil Industry and Markets Division Toril Bosoni, Senior Oil Market Analyst, Oil Industry and Markets Division

More information

2010 Credit Suisse Holiday Conference December 7, 2010

2010 Credit Suisse Holiday Conference December 7, 2010 2010 Credit Suisse Holiday Conference December 7, 2010 Forward Looking Statements The Company claims the protection of the safe-harbor for forward-looking statements within the meaning of the Private Securities

More information

Aggreko International. Kash Pandya Regional Director Aggreko International

Aggreko International. Kash Pandya Regional Director Aggreko International Aggreko International Kash Pandya Regional Director Aggreko International 1 Aggreko International One management team Two business models which support each other International Power Projects Local Business

More information

How to Explain Car Rental to Banks and Investors

How to Explain Car Rental to Banks and Investors How to Explain Car Rental to Banks and Investors Scott White Senior Managing Director, Head of Investment Banking C.L. King & Associates March 8-9, 2011 Las Vegas Hilton 1 My Background 18 Years Advising

More information

Global growth prospects

Global growth prospects Global growth prospects Percent 6 Advanced Economies Emerging Markets and Developing Economies 5 4.9 5.0 4.7 4.7 4.5 4 4.3 4.3 3.7 3.7 3 2 2.3 2.3 2.2 2.0 2.0 1.7 1.7 1 1.1 1.3 0 2012 2013 2014 2015 2016

More information

Lucintel. Publisher Sample

Lucintel.   Publisher Sample Lucintel http://www.marketresearch.com/lucintel-v2747/ Publisher Sample Phone: 800.298.5699 (US) or +1.240.747.3093 or +1.240.747.3093 (Int'l) Hours: Monday - Thursday: 5:30am - 6:30pm EST Fridays: 5:30am

More information

Global Electric Boats Market Research Report 2018

Global Electric Boats Market Research Report 2018 Report Information More information from: https://www.wiseguyreports.com/reports/3078837-global-electric-boats-market-research-report-2018 Global Electric Boats Market Research Report 2018 Report / Search

More information

Alaska s Natural Resource Commodities: A 10-Year Outlook

Alaska s Natural Resource Commodities: A 10-Year Outlook Alaska Resources Development Council November 14-15, 2018 Alaska s Natural Resource Commodities: A 10-Year Outlook David R. Hammond, Ph.D. Principal Mineral Economist Hammond International Group Commodities

More information

Can copper mine supply keep pace with demand?

Can copper mine supply keep pace with demand? Can copper mine supply keep pace with demand? Metal Bulletin Copper Conference Milan March 11 th 2014 www.woodmac.com Disclaimer Wood Mackenzie Disclaimer This presentation has been prepared by Wood Mackenzie.

More information

Natural Gas Market Perspectives

Natural Gas Market Perspectives Natural Gas Market Perspectives KIUC 2015 Annual Energy Conference James Beck Petroleum Economist March 19, 2015 1 Fully Integrated Downstream System As of Dec. 31, 2014 Marketing Area MPC Refineries Light

More information

Economic performance of the airline industry end-2017 update

Economic performance of the airline industry end-2017 update Economic performance of the airline industry end-2017 update December 2017 Brian Pearce, Chief Economist, IATA www.iata.org/economics Airline Industry Economics Advisory Workshop 2016 1 City-pair connections

More information

Russian ESPO: Impact on EOS Crude Markets

Russian ESPO: Impact on EOS Crude Markets Russian ESPO: Impact on EOS Crude Markets Argus ESPO Conference 2012 Marina Mandarin, 10 11 December 2012 Singapore Dr. Tilak K. Doshi Principal Fellow & Head, Economics, Energy Studies Institute Nahim

More information

Accell Group. power in branding and distribution. Business profile. René Takens (CEO) Two segments: - Bicycles, Bicycle Parts & Accessories - Fitness

Accell Group. power in branding and distribution. Business profile. René Takens (CEO) Two segments: - Bicycles, Bicycle Parts & Accessories - Fitness Accell Group power in branding and distribution Brussels/Antwerp, René Takens (CEO) Wouter de Vreeze (Manager M&A/IR) 1 Business profile Two segments: - Bicycles, Bicycle Parts & Accessories - Fitness

More information

POLYPROPYLENE Opening new possibilities in Rotational Moulding

POLYPROPYLENE Opening new possibilities in Rotational Moulding Thierry Gonzales / Total POLYPROPYLENE Opening new possibilities in Rotational Moulding K Fair Düsseldorf, 17/10/2013 TOTAL ACTIVITIES EXPLORATION & PRODUCTION AND GAS & POWER REFINING & CHEMICALS MARKETING

More information

Energy Security: Markets and Policy

Energy Security: Markets and Policy Energy Security: Markets and Policy Pierre Noël EPRG, University of Cambridge Critical Infrastructure Conference, London, 20 April 2011 Contents Global Oil and the Middle East European Gas and Russia Japan

More information

J.P. Morgan Ultimate Services Investor Conference November 15, 2016

J.P. Morgan Ultimate Services Investor Conference November 15, 2016 J.P. Morgan Ultimate Services Investor Conference November 15, 2016 Max Messmer Chairman and CEO Keith Waddell Vice Chairman, President and CFO Company Background Originated in 1948 as boutique financial

More information

Vestas Capital Markets Day MHI Vestas Offshore Wind A/S

Vestas Capital Markets Day MHI Vestas Offshore Wind A/S Vestas Capital Markets Day MHI Vestas Offshore Wind A/S 1 MHI Vestas Offshore Wind A/S Vestas Capital Markets Day, Copenhagen 29 November 218 PHILIPPE KAVAFYAN CEO LARS BONDO KROGSGAARD Co-CEO Journey

More information

Agricultural Outlook: Rebalancing U.S. Agriculture

Agricultural Outlook: Rebalancing U.S. Agriculture Agricultural Outlook: Rebalancing U.S. Agriculture Michael J. Swanson Ph.D. Agricultural Economist January 2018 2018 Wells Fargo Bank, N.A. All rights reserved. For public use. The U.S. Ag Sector renormalizes!

More information

Annual General Meeting 29 April 2015

Annual General Meeting 29 April 2015 First Ship Lease Trust Annual General Meeting 29 April 2015 2014: Year in review Outlook Recent developments Summary Questions & Answers US$ million 2014: Key milestones Relaxation extension until 31 Dec

More information

Market Report Series Oil 2017

Market Report Series Oil 2017 Market Report Series Oil 2017 Neil Atkinson, Head Oil Industry & Markets Division, IEA International Institute for Strategic Studies, Bahrain, 17 September 2017 Oil demand continues to grow but at a slower

More information

REF 17/0318. Friday, 15 September 2017 NBL FINANCIAL RESULTS FOR THE YEAR ENDED 30 JUNE 2017

REF 17/0318. Friday, 15 September 2017 NBL FINANCIAL RESULTS FOR THE YEAR ENDED 30 JUNE 2017 REF 17/0318 Friday, 15 September 2017 NBL FINANCIAL RESULTS FOR THE YEAR ENDED 30 JUNE 2017 PERFORMANCE HIGHLIGHTS Revenue N$ 2.7 billion, up by 11.7% Operating profit N$ 611 million, up by 13.0% Profit

More information

Louisiana Energy Workforce Outlook. Stephen R. Barnes, PhD

Louisiana Energy Workforce Outlook. Stephen R. Barnes, PhD Louisiana Energy Workforce Outlook Stephen R. Barnes, PhD US Employment by Industry Education & Health Services 14% Professional & Business Services 14% Leisure & Hospitality 10% Manufacturing 7% Government

More information

ANNUAL RESULTS PRESENTATION. 20 March, 2014 Hong Kong

ANNUAL RESULTS PRESENTATION. 20 March, 2014 Hong Kong ANNUAL RESULTS PRESENTATION 20 March, 2014 Hong Kong Content Ⅰ Ⅱ Financial Highlights Business Performance Ⅲ Trend and Objectives Ⅳ Outlook and Perspectives Financial Highlights Total Assets (RMB billion)

More information

Nokian Tyres the strongest tyre company in Russia. Carnegie Investment Bank 26 May, 2011, Vsevolozhsk

Nokian Tyres the strongest tyre company in Russia. Carnegie Investment Bank 26 May, 2011, Vsevolozhsk Nokian Tyres the strongest tyre company in Russia Carnegie Investment Bank 26 May, 2011, Vsevolozhsk Mr. Andrei Pantioukhov General Manager Nokian Tyres Russia GENERAL OVERVIEW: Competitor comparison 1998-2010

More information

Outlook for growth, traffic and airline profits

Outlook for growth, traffic and airline profits Outlook for growth, traffic and airline profits Brian Pearce, Chief Economist, IATA www.iata.org/economics Airline Industry Economics Advisory Workshop 2016 1 50 = no change in output expected Widespread

More information

Financial annexes

Financial annexes 2019-2021 Financial annexes Agenda Macro scenario Thermal generation Renewables Infrastructure & Networks Retail Enel Group 62 2019-2021 Macro scenario Macro scenario GDP, CPI, FX GDP (%) CPI (%) FX against

More information

The Houston Economy Jesse Thompson Regional Business Economist The Federal Reserve Bank of Dallas, Houston Branch June 2016

The Houston Economy Jesse Thompson Regional Business Economist The Federal Reserve Bank of Dallas, Houston Branch June 2016 The Houston Economy Jesse Thompson Regional Business Economist The Federal Reserve Bank of Dallas, Houston Branch June 2016 Image from http://peoplesguidetohouston.wordpress.com/category/uncategorized/

More information

Global Online Gambling Market: Industry Analysis & Outlook ( )

Global Online Gambling Market: Industry Analysis & Outlook ( ) Industry Research by Koncept Analytics Global Online Gambling Market: Industry Analysis & Outlook ----------------------------------------- (2017-2021) November 2017 1 Executive Summary Online Gambling

More information

I N V E S T O R P R E S E N T A T I O N S E C O N D Q U A R T E R E n d e d J u n e 3 0,

I N V E S T O R P R E S E N T A T I O N S E C O N D Q U A R T E R E n d e d J u n e 3 0, I N V E S T O R P R E S E N T A T I O N S E C O N D Q U A R T E R E n d e d J u n e 3 0, 2 0 1 3 Forward-Looking Statement Except for historical information provided herein, this presentation may contain

More information

Annual Results 2002 Accell Group N.V. Amsterdam, 20 February 2003

Annual Results 2002 Accell Group N.V. Amsterdam, 20 February 2003 Annual Results 2002 Accell Group N.V. Amsterdam, 20 February 2003 Agenda Summary results Important developments in 2002 Accell Group share Financials Sales & Marketing Outlook Summary results (x million)

More information

North American Powertrain Outlook

North American Powertrain Outlook IHS AUTOMOTIVE North American Powertrain Outlook UMTRI Focus on the Future Automotive Research Conferences ihs.com Powertrain Strategies for the 21 st Century: Revolution and Evolution Wednesday, July

More information

OIL MARKET REPORT OCTOBER 2018

OIL MARKET REPORT OCTOBER 2018 16 November OIL MARKET REPORT OCTOBER EXECUTIVE SUMMARY In October crude oil market caught a bear flu after almost gripping the $90 per barrel price level (Brent). In the beginning of October the market

More information

I N V E S T O R P R E S E N T A T I O N F I R S T Q U A R T E R E n d e d M a r c h 3 1,

I N V E S T O R P R E S E N T A T I O N F I R S T Q U A R T E R E n d e d M a r c h 3 1, I N V E S T O R P R E S E N T A T I O N F I R S T Q U A R T E R E n d e d M a r c h 3 1, 2 0 1 4 Forward-Looking Statement Except for historical information provided herein, this presentation may contain

More information

Export market challenges and opportunities for southern grain producers. Ross Kingwell

Export market challenges and opportunities for southern grain producers. Ross Kingwell Export market challenges and opportunities for southern grain producers Ross Kingwell Take Home Messages In wheat, face up to even more export competition. Find sources of additional value within or outside

More information

FutureMetrics. Global Pellet Market Outlook

FutureMetrics. Global Pellet Market Outlook FutureMetrics Global Pellet Market Outlook Canadian Bioeconomy Conference June 7, 2018 Seth Walker sethwalker@futuremetrics.com www.futuremetrics.com @Bioeconomist FutureMetrics Intelligent Analysis, Market

More information

World Vegetable Oil Themes in 2018/19

World Vegetable Oil Themes in 2018/19 World Vegetable Oil Themes in 2018/19 Ben Buckner AgResource Company World Veg Oil Themes in 2018 POLITICS Disorder, Trade Barriers (India More than China?) HUGE difference between world soybean supply

More information

WINDS OF CHANGE FEBRUARY 8, Dave Stewart GLOBAL FLEET & MRO MARKET FORECAST. AVIATION Oliver Wyman

WINDS OF CHANGE FEBRUARY 8, Dave Stewart GLOBAL FLEET & MRO MARKET FORECAST. AVIATION Oliver Wyman WINDS OF CHANGE 2016-2026 GLOBAL FLEET & MRO MARKET FORECAST FEBRUARY 8, 2017 Dave Stewart AVIATION Oliver Wyman s Aviation, Aerospace & Defense practice is the largest and most capable consulting team

More information

Major Issues and Trends Facing the Port and Marine Transportation Industry

Major Issues and Trends Facing the Port and Marine Transportation Industry Major Issues and Trends Facing the Port and Marine Transportation Industry Presented to: AAPA Marine Terminal Management Training Program April 24, 2006 Charleston Riverview Hotel Charleston, SC - USA

More information

Market Outlook January,

Market Outlook January, Market Outlook 2004 January, 2004 www.teekay.com Forward Looking Statements This document contains forward-looking statements (as defined in Section 21E of the Securities Exchange Act of 1934, as amended)

More information

Q PRESENTATION 18 OCTOBER 2018

Q PRESENTATION 18 OCTOBER 2018 Q3 2018 PRESENTATION 18 OCTOBER 2018 Group Highlights Q3 2018 Very strong growth in revenue and operating profit outside of Denmark. In Denmark, acceptance of self-cleaning in September allows Atea to

More information