“Chevron has emerged from the changes that have reshaped the world’s
energy landscape as a stronger, leaner and more agile enterprise,” said
A key corporate objective for
“Chevron’s first financial priority is maintaining and growing the
dividend,” Wirth added. “In January, we announced a four percent
dividend increase, putting us on track to make 2018 the 31st consecutive
year of increased annual per-share dividend payout. Global demand for
our products continues to grow, and
Stockholders voted on 10 items. As reported during the meeting, the preliminary report of the Inspector of Elections was as follows:
- Item 1: An average of 98 percent of the votes cast were voted for the 10 nominees for election to the board of directors.
Item 2: Approximately 97 percent of the votes cast were voted to
ratify the appointment of
PricewaterhouseCoopers LLPas the independent registered public accounting firm for the company.
- Item 3: Approximately 93 percent of the votes cast were voted to approve, on an advisory basis, the compensation of the company’s named executive officers.
- Item 4: Approximately 68 percent of the votes cast were voted against the stockholder proposal regarding a report on lobbying.
- Item 5: Approximately 93 percent of the votes cast were voted against the stockholder proposal regarding a report on business with conflict-complicit governments.
- Item 6: Approximately 92 percent of the votes cast were voted against the stockholder proposal regarding a report on transition to a low carbon business model.
- Item 7: Approximately 55 percent of the votes cast were voted against the stockholder proposal regarding a report on methane emissions.
- Item 8: Approximately 76 percent of the votes cast were voted against the stockholder proposal to require an independent chairman.
Item 9: Approximately 74 percent of the votes cast were voted against the stockholder proposal to recommend an independent director with environmental expertise.
- Item 10: Approximately 66 percent of the votes cast were voted against the stockholder proposal to set the special meetings threshold at 10 percent.
Final voting results will be reported on a Form 8-K, which will be filed
CAUTIONARY STATEMENTS RELEVANT TO FORWARD-LOOKING INFORMATION FOR
THE PURPOSE OF “SAFE HARBOR” PROVISIONS OF THE PRIVATE SECURITIES
LITIGATION REFORM ACT OF 1995
This press release contains forward-looking statements relating to
Chevron’s operations that are based on management’s current
expectations, estimates and projections about the petroleum, chemicals
and other energy-related industries. Words or phrases such as
“anticipates,” “expects,” “intends,” “plans,” “targets,” “forecasts,”
“projects,” “believes,” “seeks,” “schedules,” “estimates,” “positions,”
“pursues,” “may,” “could,” “should,” “budgets,” “outlook,” “trends,”
“guidance,” “focus,” “on schedule,” “on track,” “is slated,” “goals,”
“objectives,” “strategies,” “opportunities,” and similar expressions are
intended to identify such forward-looking statements. These statements
are not guarantees of future performance and are subject to certain
risks, uncertainties and other factors, many of which are beyond the
company’s control and are difficult to predict. Therefore, actual
outcomes and results may differ materially from what is expressed or
forecasted in such forward-looking statements. The reader should not
place undue reliance on these forward-looking statements, which speak
only as of the date of this press release. Unless legally required,
Among the important factors that could cause actual results to differ
materially from those in the forward-looking statements are: changing
crude oil and natural gas prices; changing refining, marketing and
chemicals margins; the company's ability to realize anticipated cost
savings and expenditure reductions; actions of competitors or
regulators; timing of exploration expenses; timing of crude oil
liftings; the competitiveness of alternate-energy sources or product
substitutes; technological developments; the results of operations and
financial condition of the company's suppliers, vendors, partners and
equity affiliates, particularly during extended periods of low prices
for crude oil and natural gas; the inability or failure of the company’s
joint-venture partners to fund their share of operations and development
activities; the potential failure to achieve expected net production
from existing and future crude oil and natural gas development projects;
potential delays in the development, construction or start-up of planned
projects; the potential disruption or interruption of the company’s
operations due to war, accidents, political events, civil unrest, severe
weather, cyber threats and terrorist acts, crude oil production quotas
or other actions that might be imposed by the
Sean Comey, +1 925-842-5509