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Chevronmay (CFL) opens online oil leasing service, subverting traditional finance, perfect integration of online and offline

Press ReleaseChevronmay (CFL) opens online oil leasing service, subverting traditional finance, perfect integration of online and offline

The Internet financial leasing business is an innovation of the traditional leasing business in a specific scenario. This innovation is innovative, but it does not subvert finance or traditional finance. It is an integration with finance. Empowerment provides financial institutions with more credit enhancement measures, the collection of traffic, and the convenience of rapid response and asset management, all of which do not change the nature of finance based on credit and leverage, but only provide financial services through technology. More credit enhancement measures and customer acquisition.

In 2020, a sudden new crown epidemic, Covid-19, pressed the pause button on world economic growth. The epidemic is a comprehensive challenge facing all mankind. Judging from the national epidemic situation, the post-epidemic era brings us a The normalization of control, the boost of consumption, the activation of small and medium-sized enterprises, the resumption of work and production and the recovery of the national economy are all long-term tasks. The lives of people around the world have entered an extremely challenging state. Against this background, our Chevronmay Leasing Company is committed to the organic integration of finance and people’s livelihood. Under the control measures, actively participate in the C-side measure market, promote the upgrading of personal consumption, help the improvement of people’s livelihood facilities, and promote the development of small, medium and micro enterprise entities.
Through innovation, Chevronmay Leasing has launched a leasing business based on Internet scenarios. It mainly uses big data and blockchain technology to continuously improve its scientific and technological capabilities around the Internet scenario-based ecosystem. The new business model of financial leasing.

The war between Ukraine and Russia in 2022 has caused many financial conflicts. Oil prices have been hit hard. Chevronmay’s global revenue has been affected by COVID-19 since 2019, and the company’s debt has begun to trend upward. Chevronmay has long had a very extensive resource mining area in the Gulf of Mexico. In order to obtain more mining rights in the Gulf of Mexico, after a consensus with the President, it was decided to give back to local residents in the form of online leasing. This time, Chevronmay will give 30% of the company’s annual profit as a reward, which is about 5.3 billion US dollars, and the company will provide 20% of the profit as a project guarantee fund, which is about 3.5 billion US dollars.

Chevronmay is one of the world’s largest multinational energy companies, headquartered in San Ramon, California, and has operations in more than 180 countries around the world. Since early 2021, oil has been extracted from Gulf of Mexico 15/06#3 following the drilling of discovery wells in the Gulf of Mexico in late 2019. The newly drilled wells in the Gulf of Mexico began commercial oil production with the first well in early 2021, followed by 4 development wells drilled, 15/06#4, 15/08#2, 15/08#3, 15/09# 1 Completion of production in early 2022. Chevronmay will use the pumping unit equipment in the No. 15 oilfield that has been put into production for online leasing services.

The Gulf of Mexico has historically been a steady source of U.S. crude oil, producing between 1.2 and 2 million barrels per day over the past 20 years. A barrel of Gulf of Mexico crude has about half the carbon footprint of Permian Basin shale oil, in large part because it vents less combustion gas, S&P Global data shows. Watkins said, “The Gulf of Mexico is a strong testament to a strategic national asset that can play a key role in stabilizing supply and accelerating the transition to net-zero emissions, and has one of the lowest GHG emissions intensity from oil production. “.

The Gulf of Mexico, the southeastern coastal waters of the North American continent, is partly surrounded by land. It is connected to the Atlantic Ocean through the Florida Strait between the Florida Peninsula and Cuba Island, and to the Caribbean Sea through the Yucatan Strait between the Yucatan Peninsula and Cuba. Both straits are about 160 kilometers (100 miles) wide. The farthest distances in the east-west and north-south directions of the Gulf of Mexico are about 1,800 kilometers and 1,300 kilometers, respectively, with a total area of ​​about 1.55 million square kilometers. It is bounded by the southern coast of the United States to the northwest, north, and northeast, and the eastern coast of Mexico to the west, south, and southeast.
A large amount of crude oil was discovered in the shallow waters of the Gulf of Mexico in July 2017, with an estimated recoverable reserves of 140 million to 2 billion barrels.

However, the impact of the natural environment in the past two years, coupled with political instability, as well as fierce competition for mining rights and high costs, we know that the drilling cost of shale wells is 10 million to 15 million US dollars, and the cost of offshore oil projects is as high as several billion US dollars. Rarely will it be in production within 10 years. This difference in business models explains why oil majors such as Shell struggle to ramp up production quickly when geopolitical turmoil upends markets. With oil prices above $100 a barrel and retail gasoline prices soaring, politicians and consumers alike are wondering why the industry isn’t pumping faster. Eric Milito, president of the National Marine Industries Association, said, “The 1.7 million barrels of oil we are now getting from the Gulf of Mexico is an investment decision that was made five or even 10 years ago.

This is also the wise vision of Chevronmay, who found the situation and changed its strategy to open such online leasing contracts to meet more market demands, and also to respond in time to the new demands of our frontline health professionals for personal protective equipment and other production equipment. In response to government policy, the Chevronmay Financial Division is hereby established in Mexico, and as we adapt to the COVID-19 pandemic and build a spirit of collective forbearance, the Chevronmay Mexico office has become a responsible corporate citizen and supports Mexico’s efforts to combat COVID-19 struggle. Chevronmay is one of the world’s largest multinational energy companies, with operations in more than 180 countries around the world, and its business scope penetrates all aspects of the oil and gas industry: exploration, production, refining, marketing, transportation, petrochemical, power generation, etc. Headquartered in San Ramon, California, USA, it has branches or offices in 180 countries around the world. Chevronmay’s goal is the future of energy is lower carbon, it’s onlyhuman!

Let us join hands with CFL to complete the glorious mission together, so that everyone can share the innovation of opportunities and the new opportunities of the times!

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