Smarter and more cost-effective technologies

Back to basics: technology, cost efficiency, high performance culture

In June 2014, oil was at $110 a barrel, but the industry performance was not where it needed to be. As an industry, we were not meeting the expectations of customers due to the rapid demand growth which led to a gap in supply. We couldn’t build projects fast enough, and we collectively overstretched, which put us at a disadvantage.

Today, we’re focusing on performance, and taking aggressive actions to stay competitive. Technology is key to staying competitive, and is the foundation of all we do, along with a focus on building and sustaining a culture of high-performance and discipline. The oil and gas industry is one of partnership. All of us do need to work together to deliver the energy for the world for generations to come. Chevron and GE, for example, are collaborating on real-time metering technology that helps decrease unplanned downtime.

Smarter and more cost-effective technologies

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