US energy titan Chevron recently held its dedicated Investor Day 2025. At this year’s version of the annual event, the company defined its long-term plan up until 2030, focusing on how it plans to provide sustained growth for cashflow, push forward power solutions for the AI (artificial intelligence) data centre market, expand shareholder distributions and fortify its portfolio further.
Owner of the Texaco lubricant brand that supplies solutions ranging from brake fluid to gear oil, Chevron is headquartered in Houston, Texas but operates worldwide. Commenting on the multinational’s status, CEO and chairman Mike Wirth said that Chevron was uniquely placed to free up cash flow and grow earnings in the coming decade. He added that in his entire career in the industry, he had never witnessed an outlook with higher confidence and lower risk, and that Chevron was more resilient, strong and better positioned than ever before.
Chevron anticipates it will maintain current cost discipline and capital while continuing to invest with the aim of extending cash flow growth. To meet these aims, it will grow its gas and oil production from 2 per cent to 4 per cent yearly through 2030 and hike Hess synergies to USD $1.5 billion by the close of 2026. It also plans to target first power in the year 2027 by delivering its initial AI data centre project, which is based in West Texas.
Furthermore, the company expects to improve capital returns employed by more than 3 per cent by 2030 at USD $70 at the industry benchmark. It also aims to maintain dividend and capex below USD $50 per barrel for the same period.
