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Chevron announces $32.7B capital and exploratory budget for 2012; LNG and deepwater investments propel a step change

Green Car Congress

DECEMBER 8, 2011

By 2017, we expect our net crude oil and natural gas production to grow about 20 percent to 3.3 Approximately 87% of the 2012 spending program is budgeted for upstream crude oil and natural gas exploration and production projects. Angola: Angola LNG and development of Mafumeira Sul. million barrels per day.

Chevron

Chevron 2012 Angola Saudi Arabia

INPEX and Total launch the $34B Ichthys offshore Australia LNG Project; entire 8.5 Mt/y LNG output already sold for 15 years

Green Car Congress

JANUARY 13, 2012

Ichthys will develop approximately 3 billion barrels oil equivalent of reserves, including around 500 million barrels of condensate. Ichthys will provide a long-term stable supply of cleaner energy to. Total Gas & Power Limited, the gas trading subsidiary of Total, will also purchase 0.9 —INPEX Chairman Naoki Kuroda.

Australia

Australia United Arab Emirates Yemen Angola

EV Driven

Chevron announces $32.7B capital and exploratory budget for 2012; LNG and deepwater investments propel a step change

INPEX and Total launch the $34B Ichthys offshore Australia LNG Project; entire 8.5 Mt/y LNG output already sold for 15 years

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