雪佛龙Chevron Corporation (CVX) 2004年年度报告「NYSE」.pdf

1、2004 ANNUAL REPORTA N E W E Q U A T I O NABOUT THE COVEREnergy is essential to human and economic progress.At ChevronTexaco,we are investing billions of dollars in frontier areas such as the deep water to deliver new energy supplies to meet growing worldwide demand.At the same time,we are investing

2、in local communities where we do business to enhance capacity for educa-tion,health care and economic growth.INSIDE FRONT COVERDowntown Shanghai at night refl ects the growth in global demand for new energy supplies,particularly in China.ChevronTexacos long-term strategies are focused on growing pro

3、duction to help meet new demand and fuel economic growth and human progress.TABLE OF CONTENTSLetter to Stockholders 2 Chairman and CEO Dave OReilly discusses 2004 performance and the companys long-term strategy to deliver high stockholder value.Sustained Results 6 Our strategic plan is aimed at pro-

4、ducing strong,sustainable results for our stockholders.World-Class Performance 14 Our operations are driven by“4+1,”a set of priorities for achieving the highest levels of performance.Competitive Edge 16 We are deploying the industrys most sophisticated technologies as we search for new petroleum su

5、pplies and develop other energy sources.Progress 18 Through a combination of people and partnerships,we are helping to ensure that energy development goes hand-in-hand with human and economic progress.A New Equation 20 Dave OReilly and other company executives discuss how Chevron-Texaco is respondin

6、g to a new energy equation.ChevronTexaco at a Glance 22 Glossary of Energy and Financial Terms 24 Financial Review 25 Five-Year Operating Summary 80 Five-Year Financial Summary 81 Board of Directors 93 Corporate Officers 94A New EquationIn 2004,it became clear that the world was witnessing a new ene