MAAT INDEX

CLAIM #19126 · CVX (CVX) · 2024Q3 earnings call · Nov 1, 2024 · due Jun 30, 2025

we anticipate the net debt will come down a little bit in the near term with the asset sale proceeds that are coming.

Eimear Bonner · CFO

PENDING
graded after results covering Jun 30, 2025 are reported

In context

we have maintained a conservative financial position and a very strong balance sheet. I will let Eimear talk a little more about the balance sheet. Eimear Bonner: Yeah. Thanks, Mike. Devin, you know, when we look at the balance sheet, you know, we are focused on maintaining its strength through the cycles. Right? It is an asset that we use to create value and to navigate the volatility that Mike talked about and reward shareholders consistently. So when we look at our debt levels today, our net debt is under 12%. That is at the low end of where we have been over the last ten plus years. So we are under-levered and given this and all the growth that is coming and the additional asset sale proceeds that we are expecting in the short term, we are comfortable with where we are, and, you know, we anticipate the net debt will come down a little bit in the near term with the asset sale proceeds that are coming. But we are planning with a multi-year time horizon with a through-cycle approach, and we are very comfortable with where we are right now with the balance sheet. Thanks. Operator: And moving on to Lloyd Byrne with Jefferies. Lloyd Byrne: Hey. Good morning. First, congrats to you and your M&A team. I think the divestiture progress has been great. I want to follow up quickly to Biraj's question. AOSP seemed very opportunistic. Does that change your long-term goals? And then really, I wanted to ask about the DJ and see whether, I mean, it is just really impressive operating progress there. Synergies, free cash flow, but I think the surprise has to be you guys holding it flat to the end of the decade. Maybe you can just comment on the opportunities there and whether there are more opportuniti

Verify independently

SEC filings for CVX · Claim quote is verbatim from the 2024Q3 earnings call.