"We are well positioned to lead in both traditional and new energy businesses, while delivering higher returns, lower carbon and superior shareholder value," said Mike Wirth, Chevron’s chairman and CEO. "In 2022, Chevron also added 1.1 billion barrels of net oil-equivalent proved reserves. These additions, which are subject to final reviews, equate to approximately 97 percent of net oil equivalent production for the year. The largest net additions were from assets in the Permian Basin, Israel, Canada and the Gulf of Mexico. The largest net reductions were from assets in Kazakhstan, primarily due to higher prices and their negative effect on reserves. The company will provide additional details relating to 2022 reserves in its Annual Report on Form 10-K scheduled to be filed with the SEC on February 23," the company stated.
Published first on TheFly
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