Chevron Corporation executives said today at the company's annual security analyst meeting in New York that the company is continuing to deliver industry-leading operational and financial results and progressing key development projects.

"We had another outstanding year in 2012. We continue to lead the industry in total shareholder returns and most other safety and financial performance metrics," said John Watson, Chevron's chairman and CEO. Watson added, "Our key development projects remain on track, and we are well positioned to deliver our 2017 target of 3.3 million barrels of oil-equivalent production first announced three years ago. In addition, our project queue is gaining momentum to deliver growth beyond 2017."

George Kirkland, vice chairman and executive vice president, Upstream, highlighted Chevron's industry-leading upstream results, which include top rankings on earnings per barrel, cash margin per barrel and return on capital employed. The company also highlighted the strong performance of Chevron's current producing base, where a consistent focus on reliability, operating efficiency and targeted investments has reduced natural field decline rates. He also noted ample investment opportunities and the ability to expand shale and tight reservoir operations, particularly in North America's Permian and Marcellus basins.

Tags: Chevron Corporation