Chevron Corporation · NYSE:CVX

Chevron — Investor Presentation (May 2025)

29 slides from Chevron's investor presentation, May 13, 2025

  1. Slide 1: Chevron Richmond Community Action Plan Town Hall

    Chevron Richmond Community Action Plan Town Hall May 13, 2025 Facilitator: Ceres Policy Research © 2025 Chevron

  2. Slide 2: Welcome

    WELCOME • Welcome to the Community Action Plan (CAP) Town Hall • This CAP was created because Richmond residents demanded accountability, truth, and a meaningful role in decisions that impact their health and environment. • Tonight is about sharing updates, asking real questions, and shaping what tr

  3. Slide 3: Community Agreements & Goals for the Evening

    COMMUNITY AGREEMENTS & GOALS FOR THE EVENING • Honor this space as community-driven • Uplift the truths of frontline residents • Be clear about what this process is — and what it’s not • Stay grounded in dialogue, not blame • Use this space to build power — not just vent frustration

  4. Slide 4: Grounding the Space

    GROUNDING THE SPACE • We are meeting in a city shaped by environmental resistance and deep community care. • We recognize that trust must be earned through honest dialogue, clarity about responsibility, and long-term structural change. • Let’s begin today with clarity and purpose.

  5. Slide 5: Who Makes This CAP Possible

    WHO MAKES THIS CAP POSSIBLE • This work is led by Richmond residents and community organizations committed to accountability, transparency, and local power: • Neighborhood Council Reps & Residents: Atchison Village, Parchester Village, Hilltop, Santa Fe, Coronado, Point Richmond, Central Richmond, S

  6. Slide 6: What We'll Do Today

    WHAT WE’LL DO TODAY • Ground ourselves in why this Community Action Plan (CAP) exists • Hear updates on Chevron’s flaring, safety systems, and air quality reporting • Have a break and then divide into a Gallery Walk exercise to share your questions, experiences, and ideas • Hear directly from Richmo

  7. Slide 7: Why We're Here

    WHY WE’RE HERE Purpose of the CAP The CAP was mandated by a 2024 settlement between Chevron and BAAQMD under Rule 6-5. It is a structured process focused on public transparency, real-time communication, and community input on air quality and refinery operations. Our role is to center community voice

  8. Slide 8: Read the Full CAP Report

    READ THE FULL CAP REPORT To read the full Community Action Plan, including priorities and feedback gathered since 2024:

  9. Slide 9: CAP Is…

    CAP IS… • Focused on transparency, safety, and communication • Not a health intervention or direct funding source • Grounded in community input and organizing

  10. Slide 10: Our 2025 Focus Areas

    OUR 2025 FOCUS AREAS • Sharing clearer, real-time info about air quality and flaring • Understanding how to support community health initiatives • Showing up more at community-based and neighborhood council meetings • Making technical information easier to understand and access These priorities came

  11. Slide 11: Why are we here?

    Why are we here? • Transparency and Dialogue • Education ▪ Flaring ▪ Air monitoring ▪ Air District’s $20M Community Air Quality Fund ▪ Where to find information © 2025 Chevron 11

  12. Slide 12: Flaring system overview

    Flaring system overview Why do we need flares? • Flares are heavily regulated safety devices that: • Protect the health and safety of workers and surrounding communities. • Prevent serious effects on air quality. • Allow us to dissipate excess pressure in a safe and controlled manner. Flare myths: •

  13. Slide 13: Flaring system overview

    Flaring system overview © 2025 Chevron 13

  14. Slide 14: Groundwork Richmond Finding

    Groundwork Richmond Finding Source: Community Air Monitoring Webinar, © 2025 Chevron 14 Groundwork Richmond, Air Rangers Program, 2020

  15. Slide 15: AB-617 Path to Clean Air Finding

    AB-617 Path to Clean Air Finding Community Emission Reduction Plan • 85% of small particulate matter (PM2.5) exposure in Richmond- San Pablo Area comes from regional sources • 15% are from local sources, including the refinery and other industrial facilities Sources: Community Emission Reduction Pla

  16. Slide 16: Richmond Air Monitoring Network (RAMN) Finding

    Richmond Air Monitoring Network (RAMN) Finding by APEN and PSE Health Energy • “The large majority of flaring events did not coincide with spikes in the hourly PM2.5.” • “In fact, larger PM2.5 spikes were often observed on days when no flares were reported (outside of wildfire season).” • PM2.5 was

  17. Slide 17: Air Monitoring on Feb 9, 2025 – No Flaring

    Air Monitoring on Feb 9, 2025 – No Flaring © 2025 Chevron Source: richmondairmonitoring.org 17

  18. Slide 18: Air Monitoring on Feb 2, 2025 – Flaring Event

    Air Monitoring on Feb 2, 2025 – Flaring Event Flaring event © 2025 Chevron Source: richmondairmonitoring.org 18

  19. Slide 19: Air Monitoring on July 4, 2024 – No Flaring

    Air Monitoring on July 4, 2024 – No Flaring Peak coincides with July 4th fireworks © 2025 Chevron Source: richmondairmonitoring.org 19

  20. Slide 20: Flaring trends

    Flaring trends number of events 2024 trends  46%  86% flaring volume sulfur dioxide emissions 2021 2022 2023 2024 2025 (YTD) © 2025 Chevron 20

  21. Slide 21: Flaring events

    Flaring events October 1, 2024 – March 31, 2025 Number of Date Range Flaring Events Oct. 1, 2024 – March 31, 2025 7 April 1, 2024 – Sept. 30, 2024 10 % reduction - 30 % © 2025 Chevron 21

  22. Slide 22: Flare improvement efforts

    Flare improvement efforts New Increased Cross- Assessment Improved technology operator functional and learning infrastructure training team focused from past on improving events flare performance $25+ million in projects completed $15-$20 million in upcoming projects © 2025 Chevron 22

  23. Slide 23: Air quality related notices of violation (NOVs)

    air quality related notices of violation (NOVs) October 1, 2024 – March 31, 2025 36 36 The BAAQMD does not 34 always issue NOVs 32 immediately, and sometimes 30 years after permit deviations 28 due to changes in 26 regulations or other 26 reasons. 24 22 20 18 16 violation types 14 12 10 10 non-emiss

  24. Slide 24: Community warning system

    © 2025 Chevron community warning system Contra Costa County maintains a Community Warning System (CWS) to keep area residents informed during various community incidents that have the potential to impact residents. LEVEL O Offsite impacts not expected and not expected to cause public concern. LEVEL

  25. Slide 25: Communications Updates

    Communications Updates www.richmond.chevron.com www.facebook.com/chevronrichmond • Newsletters in English and Spanish • Information about flaring in English and Spanish • Air Monitoring Resources • Community Action Plan • Community Meetings • Careers and Regional Occupational Program © 2025 Chevron

  26. Slide 26: Break – What We're Listening For

    BREAK – WHAT WE'RE LISTENING FOR What matters most to you right now? • Real-Time Alerts & Air Monitoring • Are you getting the info you need — when you need it? • What’s working? What’s not? • How can we make alerts clearer and more accessible? • Education and Dialogue • What questions do you still

  27. Slide 27: Public Comment Period

    PUBLIC COMMENT PERIOD • This is your time. A timer will be running, with approx. 2 minutes per speaker. • Tell your story. Ask questions. Raise the priorities your neighborhood carries. • Our job is to listen and document what needs to happen next.

  28. Slide 28: Stay Involved – Stay Informed

    STAY INVOLVED – STAY INFORMED Want updates on the CAP process? Scan below to subscribe to Chevron’s newsletter.You’ll receive general company updates as well as Richmond-specific news about the Community Action Plan and local engagement opportunities.

  29. Slide 29: Call to Action

    CALL TO ACTION • What we heard tonight will shape CAP actions going forward • Let’s keep the pressure up and the conversation active • Stay involved: • Join your neighborhood council • Sign up for the Community Warning System • Learn more: https://richmond.chevron.com/rule6-5 • Spanish and ASL inter

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