Next* Magazine, Issue 5 - Chevron

PHOTO: JIM KARAGEORGE
Enabling Energy for Human Progress
Energy that is reliable and affordable is
fundamental to human progress and
economic prosperity. Energy drives virtually
every aspect of the global economy. Indeed,
it has been behind the great advances in
living standards and societal growth throughout
recorded history, especially in the past
150 years. The demand will continue to
rise: By 2035, world energy consumption is
expected to increase by more than 40 percent
as the world’s current population of
7 billion surpasses 8.5 billion.
People around the world have come to
expect ready access to this energy as they
aspire to a better quality of life. It is an
expectation made possible by the enormous
scale of the world’s energy infrastructure,
though largely invisible to end users. Meeting
this demand in the future will require the
capabilities and technology to find, develop,
produce, process, transport and deliver
energy from many sources, affordably and
at scale. And as demonstrated in this issue
of Next*, Chevron is working on innovative
technologies across the energy spectrum to
do just that.
In Upstream, advanced developments—
such as proprietary seismic imaging and
enhanced drilling and completions technologies—help
us find and produce resources
more effectively and with a smaller environmental
footprint. These advancements
enable us to be a leader in exploration
success. Downstream, we are building on our
legacy of pioneering technologies that can
process the most challenging feedstocks,
allowing us to expand our production of highvalue
premium base oils and other products
for global markets.
As highlighted in our cover story, we are
transforming our operations through digital
connectivity—making strategic investments
in digital infrastructure, real-time communication,
collaboration workflows and other
technologies that are revolutionizing our ability
to operate remote fields safely and reliably.
We also are investing in new technology pathways
focused on greater energy efficiency,
improved recovery and renewable energy.
As a global energy company, we know
that new ideas can come from anywhere,
from any industry, at any time. That’s why
Welcome
we take an open-innovation approach to
technology development, working in close
collaboration with our operations worldwide.
We systematically identify, develop, qualify,
integrate and deploy technology from our
proprietary research, partnerships, joint
ventures and venture capital investments.
This approach allows Chevron access to
the most innovative and cost-effective ideas,
what we call “human energy.” It ensures that
we can deploy the right technology in the
right place at the right time—to differentiate
our performance and economically deliver
the energy that fuels human progress.
Sincerely,
John W. McDonald
Vice President and Chief Technology Officer
Chevron Corporation
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