State of the Industry
|
|
- Paula Cameron
- 6 years ago
- Views:
Transcription
1
2 State of the Industry Planning for an uncertain future Dave Witte Senior Vice President, IHS Markit GM - Oil Markets, Midstream, Downstream and Chemicals dave.witte@ihsmarkit.com Building a Foundation for Profitable Growth in Uncertain Markets
3 The question that faces the strategic decision maker is not what his organization should do tomorrow. It is, what do we have to do today to be ready for an uncertain tomorrow? Peter Drucker Photo: Jeff McNeill - CC BY-SA 2.0,
4 Planning for an uncertain future Macro-level uncertainties Regional dynamics The global perspective
5 Macro-level uncertainties
6 Macro-level headlines demonstrate uncertainty These dynamics create uncertainty: Country risk with shifting geo-politics Market access risk under protectionist backlash Demand risk, especially in the developed world Energy volatility co-existence of shale and OPEC?
7 IHS Markit Country Risk routinely assesses how Trump presidency affects the global framework U.S.A. Israel Russia Winners Reduced regulations, corporate tax changes Increased military support Improved ties Losers Reverse embargo changes Cuba Iran Reverse Nuclear Agreement Mexico NAFTA renegotiation China Tariffs, environmental regulations
8 Border Adjustment Tax also creates winners and losers Barriers to Equilibrium High Low Crude Domestic Pricing Rules Propane Ethane PE Ethylene Price = Import Parity * 1.25 Time for Barrier Removal Nat Gas Long
9 Other unknowns impact strategic decisions China s economic pivot in an increasingly protectionist framework Energy and OPEC interaction under shale regime Unpredictable capital and project EPC performance Climate policy post Paris Accords Disruptive technologies
10 Mobility a technologically enabled disruptor to the Auto, Energy and Chemical industries Old School New School Mobility as a Service Personal Car Ownership Ride Hailing (e.g. Uber) Car Sharing (e.g. Zimride or Lyft) Personal Car Ownership
11 Implication; lower gasoline demand, higher miles driven and different chemical demand Powertrain variability under accelerated Autonomy (China + US) 60 Annual Auto Sales, Millions ICE Base Case EV Base Case ICE Autonomy EV Autonomy Source: IHS Markit Note: ICE = internal combustion engine, EV = Electric + Conv. Hybrid
12 Spending past peak; organic investment declines Capital Spending in the Chemical Industry 100 8% Million of Tons or Billion $ (2014) Additions well below 4% required to balance growth 6% 4% 2% Percent Base Added % China Asia ex China Middle East & Africa Americas Europe Spend % Base Added Source: IHS Markit
13 Instead capital has driven chemical M&A to record levels Deal Volume, US$ (Billion) X LTM EBITDA Transaction Size Commodity Specialty 0 Sources: Company research, FactSet, Capital IQ, press releases, HSBC Notes: Multiples based on LTM EBITDA at the time of the transaction
14 Regional dynamics
15 China: Repositioning and restructuring Dynamic Environmental focus leading to increased compliance costs Made in China 2025 and One Belt-One Road Low margins from poorly positioned assets Opening refining to private companies Strategy Shut down non-compliant assets Drive toward higher margin business Target specialties increase M&A for technology Develop partnerships / opportunities Rationalization Build outside of China Back-integration by financially-strong chemical producers More conventional focus
16 Middle East: Optimizing and adjusting to changing feedstock positions Dynamic Strategy Advantaged feedstock limitations Cash generation in excess of local opportunities Return of Iran post-sanction Asset optimization/org restructuring Vertical integration, portfolio diversification and differentiation Industry consolidation Develop ex-gcc opportunities Broader product mix Local M&A for growth Iran accelerates investment, access to capital remains an issue Non-conflicted companies eye potential future investment
17 North America: Improving business climate with growing CAPEX and export risks Dynamic Made in America, regulatory relaxation, recovery of gas-oil differentials, shale resilience Cost overruns and project delays Strategy Continue integration investments and consolidation Focus on competitively servicing offshore demand New strategies to mitigate capital risk Protectionist trade policies and border tax changes Mitigation options unknown analysis underway
18 The global perspective
19 Supply demand tighten on emerging market growth Base chemicals and plastics distribution of demand growth 1700 Million Metric Tons North America West Europe China Asia (exclude China) Middle East All Other 2021 Source: IHS Markit Demand Capacity
20 EBIT for gas-based producers and products recover with crude; others with S/D tightening Chemical earnings by region Chemical earnings by value chain 250 $ $166 $171 $166 $154 $164 $144 $144 $ $ Billion$ 100 Billion$ Americas Europe Middle East & Africa Asia $/ton Olefins Aromatics CAV Syngas Source: IHS Markit Source: IHS Markit
21 Planning for an uncertain future Geo-political, economic and technology bring uncertainty and impact outlook Despite (or because of) uncertainties, profits expand with tighter value chains Strategy deployment needs to either boldly shape industry structure or create agility via optionality
22 It is not the strongest of the species that survives, nor the most intelligent, but the one most responsive to change. Charles Darwin
State of the Chemical and Petrochemical Industry Is India the next driver?
State of the Chemical and Petrochemical Industry Is India the next driver? Presentation to IOC Conclave 29 July 217 Dave Witte Senior Vice President, IHS Markit GM - Oil Markets, Midstream, Downstream
More informationBank of America Global Agriculture and Chemicals Conference
Bank of America Global Agriculture and Chemicals Conference Sergey Vasnetsov SVP, Strategic Planning & Transactions March 2, 2016 Cautionary Statement The statements in this presentation relating to matters
More informationInvestor Update Philip Mezey, President and Chief Executive Officer
Investor Update Philip Mezey, President and Chief Executive Officer Barbara Doyle, Vice President, Investor Relations March 2018 FORWARD LOOKING STATEMENTS Certain matters in this presentation and being
More informationDave Witte Executive Vice President Business Advisory Services
Issues Facing Chemical Investment in Alaska s Cook Inlet Dave Witte Executive Vice President Business Advisory Services March 31, 2011 Anchorage 10-year Bangkok Resource Extraction Projects Projection
More informationImpact of Lower Energy Prices on US Chemicals Bob Patel. CEO LyondellBasell
Impact of Lower Energy Prices on US Chemicals Bob Patel CEO LyondellBasell Forward Looking Statements The statements in this presentation relating to matters that are not historical facts are forward-looking
More informationQuarterly Oil Price Outlook:
Quarterly Oil Price Outlook: 2016-2018 Stratas Webinar June 28, 2016 UPSTREAM MIDSTREAM DOWNSTREAM FUEL & TRANSPORT Webinar Agenda Overview of Short Term Outlook Service Recent Happenings Highlights of
More informationROYAL DUTCH SHELL PLC THIRD QUARTER 2017 RESULTS
NOVEMBER 2 ND 2017 WEBCAST TO MEDIA AND ANALYSTS BY JESSICA UHL, CHIEF FINANCIAL OFFICER OF ROYAL DUTCH SHELL PLC Ladies and gentlemen, welcome to the Shell third quarter 2017 results call. Before we start,
More informationEmerging Trends in the Energy Industry. Paul Horak Partner, Audit and Enterprise Risk Services Deloitte & Touche LLP
Emerging Trends in the Energy Industry Paul Horak Partner, Audit and Enterprise Risk Services Deloitte & Touche LLP August 2016 Agenda Introduction Drilling and Production Trends Crude Oil and Refined
More informationJP Morgan Diversified Industries Conference
S E I Z E T H E M O M E N T S E C U R I N G T H E F U T U R E JP Morgan Diversified Industries Conference Karyn Ovelmen Chief Financial Officer Cautionary Statement The information in this presentation
More informationInvestor Presentation Non-Deal Roadshow Organised by Bualuang Securities
Investor Presentation Non-Deal Roadshow Organised by Bualuang Securities Bangkok, 17 May 2018 Disclaimer This presentation contains forward-looking statements of Indorama Ventures Public Company Limited
More informationThe Economic Realities for Industry
The Economic Realities for Industry Presented by: John Mothersole, Senior Principal Economist, IHS Global Insight Steve Zinger, Chemical Industry Research & Analysis, IHS George M. Magliano, Senior Principal
More informationCompany Strategies and Performance. LyondellBasell Braskem deal Creation of the world s largest PP producer
ompany Strategies and Performance deal reation of the world s largest PP producer After spending much of the past decade focused internally on improving reliability and its cost position, is now looking
More informationCIS DOWNSTREAM SUMMIT 20 Th Annual
1 CIS DOWNSTREAM SUMMIT 20 Th Annual H.Alimorad Investment Director / National Petrochemical Company (NPC) Board Member of Persian Gulf Petrochemical Industries Company (PGPIC) 2 Iran 2 nd largest economy
More informationMorgan Stanley Chemicals and Agriculture Conference Doug Pike VP, Investor Relations. November 9-10, 2015
Morgan Stanley Chemicals and Agriculture Conference Doug Pike VP, Investor Relations November 9-10, Cautionary Statement The statements in this presentation relating to matters that are not historical
More informationExecution. Citi Global Energy and Utilities Conference May 13, 2015
Execution Citi Global Energy and Utilities Conference May 13, 2015 Cautionary Statement This presentation contains certain forward-looking statements within the meaning of Section 27A of the Securities
More informationWestlake Chemical Corporation 2018 Jefferies Industrials Conference. August 2018
Westlake Chemical Corporation 2018 Jefferies Industrials Conference August 2018 Westlake Chemical Corporation A Leading Integrated Plastics Materials Company (LTM 2Q 2018) Net Sales EBITDA (1,2) Net Income
More information4Q 2016 Earnings Release
SK innovation 4Q 2016 Earnings Release 2017. 2. 3 Disclaimer This presentation contains forward-looking statements with respect to financial conditions, results of operations and business of SK Innovation,
More informationLooking ahead to. S&P Global Platts. Celebrating. Disruptors, dealmakers and new developments. December How blockchain could disrupt commodities
S&P Global Platts Celebrating years The five themes to watch next year US midterm elections: energy impact How blockchain could disrupt commodities Disruptors, dealmakers and new developments Looking ahead
More informationCB&I Investor/Analyst Day
A World of Solutions CB&I Investor/Analyst Day November 2014 Safe Harbor Statement This presentation contains forward-looking statements regarding CB&I and represents our expectations and beliefs concerning
More information2017: The Bumpy Road to Rebalancing
2017: The Bumpy Road to Rebalancing PESA Supply Chain Seminar February 22, 2017 www.stratasadvisors.com UPSTREAM MIDSTREAM DOWNSTREAM FUEL & TRANSPORT Who We Are Stratas Advisors is a global consulting
More informationHSBC PRIVATE BANK 2017 INVESTMENT OUTLOOK: GO WEST OR EAST. Bond Yield to Come Down, Focus on Growth Opportunities in the US & Asia
News Release HSBC PRIVATE BANK 2017 INVESTMENT OUTLOOK: GO WEST OR EAST Bond Yield to Come Down, Focus on Growth Opportunities in the US & Asia Following a surprising and turbulent 2016, global financial
More informationPHILLIPS 66 FIRST QUARTER 2018 CONFERENCE CALL. April 27, 2018
PHILLIPS 66 FIRST QUARTER 2018 CONFERENCE CALL April 27, 2018 CAUTIONARY STATEMENT This presentation contains certain forward-looking statements within the meaning of Section 27A of the Securities Act
More informationThird Quarter 2018 Earnings
Third Quarter 2018 Earnings October 30, 2018 Cautionary Statement and Information Related to Financial Measures Cautionary Statement The statements in this presentation relating to matters that are not
More informationFourth Quarter 2018 Earnings
Fourth Quarter 2018 Earnings February 1, 2019 Cautionary Statement and Information Related to Financial Measures Cautionary Statement The statements in this presentation relating to matters that are not
More informationTI Fluid Systems plc Half Year Results Presentation for TI Fluid Systems plc. 8 August 2018
2018 Half Year Results Presentation for 8 August 2018 Disclaimer This presentation contains certain forward-looking statements with respect to the financial condition, results of operations and business
More informationSHELL MIDSTREAM PARTNERS, L.P. (SHLX) Q RESULTS ANNOUNCEMENT
SHELL MIDSTREAM PARTNERS, L.P. (SHLX) Q2 2016 RESULTS ANNOUNCEMENT August 4, 2016 DEFINITIONS AND CAUTIONARY NOTE This presentation includes various forward-looking statements within the meaning of Section
More informationTonenGeneral Sekiyu Earnings Results for Full Year 2006
Press Release February 19, 2007 TonenGeneral Sekiyu K.K. (Stock Code: 5012 Tokyo Stock Exchange) Representative Director, Chairman and President D.G. Wascom Contact: Public Affairs ExxonMobil Yugen Kaisha
More informationPHILLIPS 66 FOURTH QUARTER 2017 CONFERENCE CALL. February 2, 2018
PHILLIPS 66 FOURTH QUARTER 2017 CONFERENCE CALL February 2, 2018 CAUTIONARY STATEMENT This presentation contains certain forward-looking statements within the meaning of Section 27A of the Securities Act
More informationWestlake Chemical Corporation. JPMorgan Aviation, Transportation and Industrials Conference March 18, 2018
Westlake Chemical Corporation JPMorgan Aviation, Transportation and Industrials Conference 2018 March 18, 2018 Westlake Chemical Corporation A Leading Integrated Plastics Materials Company (Full year 2017)
More informationThird quarter 2017 results
Third quarter 2017 results Re-shaping Shell, to create a world-class investment case Royal Dutch Shell plc November 2, 2017 #makethefuture Royal Dutch Shell November 2, 2017 Jessica Uhl Chief Financial
More information1. Industry Conditions
Press Release February 24, 2006 TonenGeneral Sekiyu K.K. (Stock Code: 5012 Tokyo Stock Exchange) Representative Director, Chairman and President G.W. Pruessing Contact: Public Affairs ExxonMobil Yugen
More information2014 Investor Forum. Jim Fitterling Vice Chairman, Business Operations November 13, Dow.com
2014 Investor Forum Jim Fitterling Vice Chairman, Business Operations November 13, 2014 Dow.com SEC Disclosure Rules Some of our comments today include statements about our expectations for the future.
More informationEARNINGS TELECONFERENCE
EARNINGS TELECONFERENCE FOURTH QUARTER - FISCAL 2018 Q4 FISCAL 2018 1 FORWARD LOOKING STATEMENTS This presentation contains forward-looking statements based on management s current expectations, estimates
More informationXYLEM INC. Q EARNINGS RELEASE OCTOBER 30, 2018
XYLEM INC. Q3 2018 EARNINGS RELEASE OCTOBER 30, 2018 Q3 2018 EARNINGS RELEASE FORWARD-LOOKING STATEMENTS This presentation contains information that may constitute forward-looking statements. within the
More informationKongsberg Automotive ASA. Fourth quarter 2015 February 12, 2016
Kongsberg Automotive ASA Fourth quarter 2015 February 12, 2016 1 Highlights Q4 2015 financials Revenues of EUR 249.5 million, q-on-q growth of 3.8% EBIT of EUR 13.1 million (margin 5.3%) vs. Q4 2014 of
More informationIT S WHAT S INSIDE. Automotive Industry Outlook: Navigating the Waters of Investment, Trade and Execution. Presented by
IT S WHAT S INSIDE Automotive Industry Outlook: Navigating the Waters of Investment, Trade and Execution Mike Wall Executive Director, Automotive Analysis mike.wall@ihsmarkit.com +1 248 728 8400 Direct
More informationJP Morgan Aviation, Transportation & Industrials Conference
JP Morgan Aviation, Transportation & Industrials Conference Bob Patel - CEO March 6, 2019 1 Cautionary Statement The statements in this presentation relating to matters that are not historical facts are
More informationBRASKEM S.A. Corporate Taxpayer ID (CNPJ): / Company Registry (NIRE): Publicly Held Company MATERIAL FACT
BRASKEM S.A. Corporate Taxpayer ID (CNPJ): 42.150.391/0001-70 Company Registry (NIRE): 29.300.006.939 Publicly Held Company MATERIAL FACT Braskem S.A. ("Braskem or the Company"), in compliance with the
More informationBrazil Shareholder visit 2016 Re-shaping Shell, to create a world-class investment case
Brazil Shareholder visit 2016 Re-shaping Shell, to create a world-class investment case Royal Dutch Shell plc November 11, 2016 Let s make the future Royal Dutch Shell November 11, 2016 John Abbott Downstream
More informationFINANCIAL RESULTS 2018
FINANCIAL RESULTS 2018 Contact: INA Corporate Communications Avenija Veceslava Holjevca 10, Zagreb Public Relations E-mail: PR@ina.hr Press Centre at www.ina.hr AT91 1200 0528 4400 3467 INA: net sales
More informationEXXON MOBIL CORPORATION ANNOUNCES ESTIMATED FOURTH QUARTER 2012 RESULTS % %
News Release Exxon Mobil Corporation 5959 Las Colinas Boulevard Irving, TX 75039 972 444 1107 Telephone 972 444 1138 Facsimile FOR IMMEDIATE RELEASE FRIDAY, FEBRUARY 1, 2013 EXXON MOBIL CORPORATION ANNOUNCES
More informationJ.P. Morgan Aviation, Transportation & Industrials Conference
J.P. Morgan Aviation, Transportation & Industrials Conference Sergey Vasnetsov SVP, Strategic Planning and Transactions March 5, 2015 Cautionary Statement The statements in this presentation relating to
More information2015 Outlook. December 15, 2014
2015 Outlook Forward Looking Statements This report contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of
More informationEthylene Producer Visions For Managing Expanded Capacity
Ethylene Producer Visions For Managing Expanded Capacity Williams NGL & Petchem Services October 29, 2013 Forward-looking statements The reports, filings, and other public announcements of The Williams
More informationINEOS STYROLUTION. Q1/ 2018 Investor Earnings Call
INEOS STYROLUTION Q1/ 2018 Investor Earnings Call Disclaimer The following presentation includes forward-looking statements, within the meaning of the US securities laws, based on our current expectations
More informationEarnings Teleconference. Fourth Quarter / Fiscal 2017
Earnings Teleconference Fourth Quarter / Fiscal 2017 Forward Looking Statements This presentation contains forward-looking statements based on management s current expectations, estimates and projections.
More informationPatrick Schorn Executive Vice President, New Ventures. Credit Suisse 23 rd Annual Energy Summit
Patrick Schorn Executive Vice President, New Ventures Credit Suisse 23 rd Annual Energy Summit Vail, Colorado, February 13, 2018 This presentation contains forward-looking statements within the meaning
More informationInvestor Presentation. March 2014
Investor Presentation March 2014 Safe Harbor The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward looking statements. The Company makes forward-looking statements in
More informationLinde Group. Full Year Results 2005
Full Year Results 2005 Disclaimer This presentation has been prepared independently by Linde AG ( Linde ). The presentation contains statements which address such key issues as Linde s growth strategy,
More informationROYAL DUTCH SHELL PLC
ROYAL DUTCH SHELL PLC UNAUDITED FINANCIAL STATEMENTS AND OPERATING INFORMATION Index: (Click on the link below for desired data) Consolidated Statement of Income Earnings and Dividends per Share and per
More informationthyssenkrupp Equity Story Components Technology November 2017
thyssenkrupp Equity Story Components Technology November 2017 thyssenkrupp a diversified industrial group Sales 41.4 bn 1 ; EBIT adj. 1.7 bn 1 Continuing operations Components Technology (CT) 7.6 bn 377
More informationPHILLIPS 66 THIRD QUARTER 2018 CONFERENCE CALL. October 26,
PHILLIPS 66 THIRD QUARTER 2018 CONFERENCE CALL October 26, 2018 1 CAUTIONARY STATEMENT This presentation contains certain forward-looking statements within the meaning of Section 27A of the Securities
More informationNATURAL GAS LIQUIDS (NGLS) IN NORTH AMERICA: AN UPDATE PART I - UPSTREAM
Study No. 139 CANADIAN ENERGY RESEARCH INSTITUTE NATURAL GAS LIQUIDS (NGLS) IN NORTH AMERICA: AN UPDATE PART I - UPSTREAM Canadian Energy Research Institute Relevant Independent Objective Natural Gas Liquids
More informationGus Faucher Stuart Hoffman William Adams Kurt Rankin Chief Economist Senior Economic Advisor Senior Economist Economist
May 218 Gus Faucher Stuart Hoffman William Adams Kurt Rankin Chief Economist Senior Economic Advisor Senior Economist Economist Executive Summary Slower but Still Solid Economic Growth in the First Quarter;
More informationAccessing the North American Energy Value Chain. Investing in essential assets
Accessing the North American Energy Value Chain Investing in essential assets Advancements in technology create opportunities North America is in the midst of a significant energy transformation Technology
More informationEXXON MOBIL CORPORATION ANNOUNCES ESTIMATED SECOND QUARTER 2014 RESULTS
News Release Exxon Mobil Corporation 5959 Las Colinas Boulevard Irving, TX 75039 972 444 1107 Telephone 972 444 1138 Facsimile FOR IMMEDIATE RELEASE THURSDAY, JULY 31, 2014 EXXON MOBIL CORPORATION ANNOUNCES
More informationSchaeffler Group Mobility for tomorrow Klaus Rosenfeld Chief Executive Officer
Schaeffler Group Mobility for tomorrow Klaus Rosenfeld Chief Executive Officer Capital Markets Day July 20 th, 2016 London Agenda 1 Overview 2 Our Strategy 3 Our Action Plan 4 Our Financial Ambitions 5
More informationTI Fluid Systems plc Results Presentation for TI Fluid Systems plc 20 March 2018
2017 Results Presentation for 20 March 2018 Disclaimer This presentation contains certain forward-looking statements with respect to the financial condition, results of operations and business of (the
More informationPHILLIPS 66 FOURTH QUARTER 2018 CONFERENCE CALL. February 8,
PHILLIPS 66 FOURTH QUARTER 2018 CONFERENCE CALL February 8, 2019 1 CAUTIONARY STATEMENT This presentation contains certain forward-looking statements within the meaning of Section 27A of the Securities
More informationXYLEM INC. Q EARNINGS RELEASE JULY 31, 2018
XYLEM INC. Q2 2018 EARNINGS RELEASE JULY 31, 2018 Q2 2018 EARNINGS RELEASE FORWARD-LOOKING STATEMENTS This presentation contains information that may constitute forward-looking statements. within the meaning
More informationHow Competitive Are PDH Projects Compared To Conventional Sources?
How Competitive Are PDH Projects Compared To Conventional Sources? Global Propylene & Derivatives American Business Conferences Williams NGL & Petchem Services January 29, 2014 Williams Ft. Beeler WV plant
More informationCiti Basic Materials Conference
Citi Basic Materials Conference Bob Patel CEO December 1, Cautionary Statement The statements in this presentation relating to matters that are not historical facts are forward-looking statements. These
More informationGlobal Steel Market Outlook. OECD Steel Committee Meeting, Sep 28, 2017, Paris
Global Steel Market Outlook OECD Steel Committee Meeting, Sep 28, 2017, Paris Disclaimer text This document is protected by copyright. Distribution to third parties or reproduction in any format is not
More informationMark D. Herlach and Cheryl I. Aaron May 20, Legal Quick Hit: U.S. Sanctions What s New and What Energy Firms Need to Know
Mark D. Herlach and Cheryl I. Aaron May 20, 2015 Legal Quick Hit: U.S. Sanctions What s New and What Energy Firms Need to Know U.S. Sanctions: The Current Lay of the Land Cuba Iran Full embargo still in
More informationChevron Reports First Quarter Net Income of $3.6 Billion
Chevron Reports First Quarter Net Income of $3.6 Billion San Ramon, Calif., April 27, 2018 Chevron Corporation (NYSE: CVX) today reported earnings of $3.6 billion ($1.90 per share diluted) for first quarter
More informationThird-Quarter U.S. Crude Review and Outlook Higher prices, production, and exports.
? Third-Quarter U.S. Crude Review and Outlook Higher prices, production, and exports. Morningstar Commodities Research Oct. 8, 2018 Sandy Fielden Director, Oil and Products Research +1 512 431-8044 sandy.fielden@morningstar.com
More informationUpdate On Alberta Oil Sands Projects: Keeping Things In Perspective David Knapp Energy Intelligence Group Canada Think Day Center For Energy
Update On Alberta Oil Sands Projects: Keeping Things In Perspective David Knapp Energy Intelligence Group Canada Think Day Center For Energy Economics Houston, Texas - Mar. 9, 2006 OUTLINE The Global Role
More informationOctober 4, Legal Executive Institute Automotive Conference
October 4, 2018 Legal Executive Institute Automotive Conference EVs in Global Fleet (in millions) Gigawatt-hours Demand (GWh) Trillions of Passenger Miles (US) Changing State of Automotive M&A Manufacturers,
More information2016 THIRD-QUARTER EARNINGS REVIEW October 25, 2016
2016 THIRD-QUARTER EARNINGS REVIEW October 25, 2016 0 THIRD-QUARTER EARNINGS PRESENTATION WHIRLPOOL CORPORATION ADDITIONAL INFORMATION This presentation contains forward-looking statements about Whirlpool
More informationFOR RELEASE AT 5:30 AM PDT OCTOBER 31, 2008 CHEVRON REPORTS THIRD QUARTER NET INCOME OF $7.9 BILLION, UP FROM $3.7 BILLION IN THIRD QUARTER 2007
Policy, Government and Public Affairs Chevron Corporation P.O. Box 6078 San Ramon, CA 94583-0778 www.chevron.com FOR RELEASE AT 5:30 AM PDT OCTOBER 31, 2008 CHEVRON REPORTS THIRD QUARTER NET INCOME OF
More informationWestlake Chemical Partners LP. June 2017
Westlake Chemical Partners LP June 2017 Westlake Chemical Partners LP Strategic Relationship to Promote Stable Growth of Cash Flows The partnership, through its contract structure, provides a predictable
More informationPetrochemical Outlook
Petrochemical Outlook May 25, 2017 www.stratasadvisors.com UPSTREAM MIDSTREAM DOWNSTREAM FUEL & TRANSPORT Main Themes Macro Context Petrochemical Demand Feedstock Availability Projected Investments Key
More informationGCP Applied Technologies
GCP Applied Technologies Q3 2017 Investor Highlights November 2, 2017 Forward Looking Statements This document contains, and our other public communications may contain, forward-looking statements, that
More informationDriven to Create Value
Driven to Create Value Bank of America Refining Conference March 2016 2015 Corporation. All Rights Reserved. Forward Looking Statements This Presentation includes forward-looking statements within the
More informationUmicore reaches Horizon 2020 targets two years ahead of schedule and reaffirms upside potential. 8 February 2019
Umicore reaches Horizon 2020 targets two years ahead of schedule and reaffirms upside potential 8 February 2019 Overview Highlights 2018 Reaching Horizon 2020 targets 2 years ahead of schedule Current
More informationFebruary 21, Fourth Quarter 2018 Results
February 21, 2019 Fourth Quarter 2018 Results Forward-looking statements This presentation, as well as other statements made by Delphi Technologies PLC (the Company ), contains forward-looking statements
More informationInfluence of PDH Capacity Additions on North American Propylene Price
Influence of PDH Capacity Additions on North American Propylene Price Global Propylene & Derivatives American Business Conferences Williams NGL & Petchem Services Jake Herzig Forward-looking statements
More informationJefferies Industrials Conference
S E I Z E T H E M O M E N T S E C U R I N G T H E F U T U R E Jefferies Industrials Conference Doug Pike VP Investor Relations Cautionary Statement The information in this presentation includes forward-looking
More informationPHILLIPS 66 SECOND QUARTER CONFERENCE CALL. July 31, 2013
PHILLIPS 66 SECOND QUARTER CONFERENCE CALL July 31, 2013 CAUTIONARY STATEMENT This presentation contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933,
More informationEY Energy Executive Insight. Resilience through volatility
EY Energy Executive Insight Resilience through volatility EY Energy Executive Insight: Energy companies responded to the 2014 collapse of crude prices by pulling all the traditional levers that enable
More informationEMERSON REPORTS FIRST QUARTER 2019 RESULTS AND RAISES FULL YEAR GUIDANCE
Investor Contact: Tim Reeves (314) 553-2197 Media Contact: Casey Murphy (314) 982-6220 EMERSON REPORTS FIRST QUARTER 2019 RESULTS AND RAISES FULL YEAR GUIDANCE Net sales of $4.1 billion increased 9 percent,
More informationMEETING WITH INVESTORS MAY 2018
MEETING WITH INVESTORS MAY 2018 DISCLAIMER ON FORWARD-LOOKING STATEMENTS This presentation includes forward-looking statements. These forward-looking statements are not solely historical data, but rather
More informationGlobal investment event Winners and losers from the recent oil price rally
For client use only Global investment event Winners and losers from the recent oil price rally Since mid-2017, oil prices have been on an upward trend. Strong oil demand growth, OPECled production cuts,
More informationMorgan Stanley Chemicals and Agriculture Conference
Morgan Stanley Chemicals and Agriculture Conference Doug Pike V.P. Investor Relations November 11, 2014 Cautionary Statement The statements in this presentation relating to matters that are not historical
More information2018 Financial Outlook
2018 Financial Outlook Nick Gangestad Senior Vice President and Chief Financial Officer December 12, 2017 1 Agenda Executing on our 2016 2020 plan Tracking to the top-half of 2017 full-year organic growth
More informationFOR IMMEDIATE RELEASE CHEVRON ISSUES INTERIM UPDATE FOR THIRD QUARTER 2012
Chevron Corporation Policy, Government and Public Affairs Post Office Box 6078 San Ramon, CA 94583-0778 www.chevron.com FOR IMMEDIATE RELEASE CHEVRON ISSUES INTERIM UPDATE FOR THIRD QUARTER 2012 SAN RAMON,
More informationFourth Quarter and Full Year 2017 Financial Results February 19, 2018
Fourth Quarter and Full Year 2017 Financial Results February 19, 2018 Trademark of Trinseo S.A. or its affiliates Introductions & Disclosure Rules Introductions Chris Pappas, President & CEO Barry Niziolek,
More informationNorth American Oil, Gas, and NGL Market Trends and Midstream Infrastructure Development Full Speed Ahead?
North American Oil, Gas, and NGL Market Trends and Midstream Infrastructure Development Full Speed Ahead? Presented at the 2015 Gas/Electric Partnership Conference Houston, Texas February 18, 2015 Kevin
More informationPatrick Schorn Executive Vice President, Wells Cowen 8th Annual Energy & Natural Resources Conference
Patrick Schorn Executive Vice President, Wells 2018 Cowen 8th Annual Energy & Natural Resources Conference New York, December 4, 2018 Safe Harbor This presentation contains forward-looking statements within
More informationWinds of Change. Alex Chausovsky Director of Speaking Services
Winds of Change Alex Chausovsky Director of Speaking Services 218 Preliminary Forecast Results If you heard ITR around two years prior 2 Duration Accuracy US GDP 24 99.7% US Ind. Production 34 99.4% Europe
More informationInterim announcement 1 st quarter 2016
Interim announcement 1 st quarter 2016 Danfoss at a glance Danfoss engineers technologies that enable the world of tomorrow to do more with less. We meet the growing need for infrastructure, food supply,
More informationFinancing the future energy landscape. Private equity trends in oil and gas
Financing the future energy landscape Private equity trends in oil and gas Contents Introduction 2 Private equity in oil and gas: strategic perspectives 4 Evaluating growth prospects and challenges 6
More informationPart 1 Executing our strategy
Entwurf 19.09.018 15h00 Part 1 Executing our strategy Klaus Rosenfeld Chief Executive Officer Capital Markets Day 018 Berlin Disclaimer This presentation contains forward-looking statements. The words
More informationPTT Global Chemical Public Company Limited. FY 2014 Management Discussion and Analysis. (Translation) EXCELLENCE CREATES SUSTAINABLITIY
PTT Global Chemical Public Company Limited FY 2014 Management Discussion and Analysis (Translation) EXCELLENCE CREATES SUSTAINABLITIY Executive Summary In 2014 PTT Global Chemical Public Company Limited
More informationVolatility and Macroeconomic Policy in the Middle East and North Africa Region
Volatility and Macroeconomic Policy in the Middle East and North Africa Region Kamiar Mohaddes University of Cambridge @KamiarMohaddes Symposium on the World Economic Outlook: Implications for and the
More information2017 Annual financial statements and management discussion and analysis
2017 Annual financial statements and management discussion and analysis Financial section Table of contents Page Financial information (U.S. GAAP)... 2 Frequently used terms... 3 Management s discussion
More information2013 Annual Meeting of Stockholders
2013 Annual Meeting of Stockholders Greg Garland Chief Executive Officer May 8, 2013 Houston, TX Cautionary Statement This presentation contains certain forward-looking statements within the meaning of
More informationNGL s Markets Beyond Mont Belvieu
NGL s Markets Beyond Mont Belvieu NGEAO - Tulsa May 2012 Anne B. Keller Aerial View of Mont Belvieu, TX Midstream Energy Group, Inc. 2012 All rights reserved Midstream Energy Group Who We Are Midstream
More informationPresentation at Bank of America Merrill Lynch Banking & Insurance Conference
Presentation at Bank of America Merrill Lynch Banking & Insurance Conference Brady W. Dougan, Chief Executive Officer Credit Suisse London, October 1, 2009 Cautionary statement Cautionary statement regarding
More informationH Operational and Financial Results. 7 August 2018
H1 2018 Operational and Financial Results 7 August 2018 DISCLAIMER The information contained herein pertaining to SIBUR (the "Company") has been provided by the Company solely for use at this presentation.
More information