© 2019 Chevron Corporation

Ensuring Optimum AvailabilityGoutam Biswas

Manager, Downstream Technology

Chevron Downstream and Chemicals

Summit on Global Chemicals & Petrochemicals Manufacturing

Hubs in India

November 11-12, 2019

2© 2019 Chevron Corporation

Market fundamentals – global product demand

Demand growth, 2019–2023 Compound annual growth rate

Global economic

growthdrives product demand

Petrochemicals grow faster than fuels

Sources: Wood Mackenzie, NexantThinking™ Petroleum and Petrochemicals Economics program, Klein & Company

Fuels

Petrochemicals

Lubricants

& additives

0% 4%

Additives

Premium base oil

Aromatics

Olefins

Gasoline

Distillate

LPG/Naphtha

3© 2019 Chevron Corporation

Strong petrochemical market fundamentals

4© 2019 Chevron Corporation

Integrated value chains around major hubsChevron fuels refining and marketing

Future integration Products and intermediaries Equity crude

5© 2019 Chevron Corporation

Importance of regional manufacturing hubs

Value driversfeedstock networks

infrastructure and storage

capital efficiency

regulatory and policy

Optimization across the supply chain

improved utilization

chemical plants across product lines

product to customers

6© 2019 Chevron Corporation

Feedstock advantage and availability

© 2019 Chevron Corporation

Ensuring Optimum AvailabilityGoutam Biswas

Manager, Downstream Technology

Chevron Downstream and Chemicals

Summit on Global Chemicals & Petrochemicals Manufacturing

Hubs in India

November 11-12, 2019