CLAIM #18901 · CVX (CVX) · 2023Q1 earnings call · Apr 28, 2023 · due Dec 31, 2023
“So belabor that, but looking at concepts and expect to select a concept on the Leviathan expansion, by the end of this year.”
Michael Wirth · CEO
In context
“y was first quartile for the two facilities. And so we feel good about that. We've started -- or this year, we'll start the second turnaround cycle, which is a four-year cycle to turn trains around Gorgon Train 1 will have a major planned turnaround in the second quarter of this year. And the course, we're working on the next stage of field development to continue to keep the field full with wells drilled and in startup activity, time activity, et cetera underway, on the next phase of the gas developments to bring that into the facility. So things in Australia are good from an operational standpoint and a reliability standpoint. More broadly speaking, we continue to look at opportunities in our LNG portfolio beyond Australia. Certainly, we've talked at some length about the Eastern ramp. So belabor that, but looking at concepts and expect to select a concept on the Leviathan expansion, by the end of this year. And an Equatorial Guinea we're looking at opportunities to bring additional gas resources in through existing infrastructure. So continue to be very focused on what we can do to add value in our LNG business, but to do it in a way that's returns accretive. Neil Mehta : That's great. And then the follow up is, is just on return of capital. And I think you guys have been pretty clear about the range that we should be thinking about from a buyback perspective. Just on dividend growth, just talk about how do you expect that to track relative to your free cash flow per share expectations? Mike Wirth : Yeah, I think we have been clear on buybacks, so I won't spend time on that. On dividends, I would say our track record should speak for itself. Of course, these are decisions that are made by t”
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SEC filings for CVX ↗ · Claim quote is verbatim from the 2023Q1 earnings call.