The world's energy needs continue to grow as populations and incomes rise, urban areas expand, and billions of people in less-developed countries seek a higher standard of living.

• "When we flip the light switch, we expect the light to go on," says Rob Schwiers, Chief Economist of Chevron. "There's a lot behind that — to make it all work in a way that's affordable, reliable and ever-cleaner."

What you need to know: Chevron's purpose is to provide the affordable, reliable, ever-cleaner energy that enables human progress.

How it's done: Chevron's business strategy is driven, in part, by four core beliefs. These beliefs help guide how Chevron works and establishes a common understanding of its culture and aspirations.

• "They help guide our actions around what we are doing today and guide how we see the future," says Schwiers, who describes these beliefs as Chevron's "North Star."

Take note:

1️⃣ Energy is essential to modern life.

2️⃣ The future is lower carbon.

3️⃣ Human ingenuity fuels innovation.

4️⃣ Leadership carries great responsibility.

See these four beliefs in action across the U.S. and beyond.

📍U.S. Gulf of Mexico: Home to some of the world's lowest carbon intensity oil and gas.

Nearly 140 miles off the Louisiana coast, Chevron's Anchor platform is helping Chevron safely deliver more energy from the U.S. Gulf of Mexico, home to some of the world's lowest carbon intensity oil and gas.

• Industry-first deepwater technology allows Chevron to unlock previously difficult-to-access resources more than 6 miles below the water's surface.

The results: The estimated 75,000 net barrels of oil produced daily over one year can create enough gasoline to drive an average car from Earth to the sun and back more than 70 times.

At the core (values): Chevron's Anchor project is using industry-first technology to provide affordable, reliable, lower carbon intensity oil and natural gas to help meet energy demand that's essential to modern life.

📍Delta, Utah: Demonstrating hydrogen's potential at scale.

Chevron's Advanced Clean Energy Storage Project (ACES) in Delta, Utah, will convert renewable energy, like wind and solar, to hydrogen — then store it for later use. In fact, Delta's salt caverns will allow for seasonal energy storage.

• Hydrogen, which can help increase the use and availability of lower carbon energy, is expected to be 12% of the global energy mix by 2050.

The results: The ACES hydrogen project is expected to begin commercial operation in 2025. It will supply hydrogen to the Intermountain Power Agency for its IPP Renewed Project, which aims to transition to lower carbon power generation.

At the core (values): Chevron is bringing its expertise and innovation to the table in this groundbreaking project that will demonstrate hydrogen's potential to scale as a lower carbon intensity source.

📍Richmond, California: New pathways to renewable fuels

Chevron's renewable fuels R&D team, with its headquarters in Richmond, California, is on the hunt for new ways of making renewable fuels.

• Chevron has been making renewable fuels from crops like soybean oil and waste feedstocks, like animal fats and used cooking oil.
• But breakthrough technologies can create renewable fuels from new sources like carbon dioxide and biomass, such as algae and landfill waste.

The results: As technologies advance, lower carbon intensity fuels could become more available. With these new materials and processes, companies and consumers could someday be able to use renewable fuels for daily use.

At the core (values): Energy for the growing world relies on technology. Chevron aims to scale affordable, innovative technology solutions — like renewable fuels — to help support a more resilient energy system.

The takeaway: Chevron's four core beliefs shine through in these recent projects — from decarbonizing oil and gas to scaling newer forms of energy to generating all-new energy technologies.

• These values help Chevron remain steadfast in its work to supply affordable, reliable, ever-cleaner energy.

Learn more.