Chevron Corp. CEO Michael Wirth during the annual investor meeting on Tuesday said the supermajor’s message to investors could best be summed up in four words: higher returns, lower carbon. 

Wirth, together with his executive team, laid out a broad global development plan centered around increasing returns on capital employed while slicing the carbon intensity of the operations. 

“We’re building on our track record of capital and cost discipline to deliver higher returns,” Wirth said during the virtual meeting. “And we’re taking action to advance a lower carbon future.” 

The San Ramon, CA-based operator reaffirmed its 2021-2025 capital expenditure guidance at $14-16 billion a year. The synergies expected from combining into the fold Noble Energy Inc. operations...