{"id":2313,"date":"2023-01-31T21:56:43","date_gmt":"2023-01-31T12:56:43","guid":{"rendered":"https:\/\/1up-life.blog\/?p=2313"},"modified":"2023-01-31T21:56:43","modified_gmt":"2023-01-31T12:56:43","slug":"%e3%82%b7%e3%82%a7%e3%83%96%e3%83%ad%e3%83%b3-cvx2022%e5%b9%b4%e7%ac%ac4%e5%9b%9b%e5%8d%8a%e6%9c%9f%e6%b1%ba%e7%ae%97%e8%aa%ac%e6%98%8e%e4%bc%9a","status":"publish","type":"post","link":"https:\/\/1up-life.blog\/?p=2313","title":{"rendered":"\u30b7\u30a7\u30d6\u30ed\u30f3 (CVX)2022\u5e74\u7b2c4\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a"},"content":{"rendered":"<p>\u30b7\u30a7\u30d6\u30ed\u30f3 (CVX)2022\u5e74\u7b2c4\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a\u306e\u65e5\u672c\u8a9e\u8a33\u3067\u3059\u3002<\/p>\n<p>1\u682a\u5f53\u305f\u308a\u914d\u5f53\u91d1\u30926\uff05\u5897\u914d\u3059\u308b\u3053\u3068\u3068\u81ea\u793e\u682a\u8cb7\u3044\u306e\u767a\u8868\u304c\u4e8b\u524d\u306b\u3042\u308a\u307e\u3057\u305f\u304c\u682a\u4fa1\u306f\u4e0b\u304c\u3063\u3066\u307e\u3059\u306d\u3002<\/p>\n<p>\u914d\u5f53\u91d1\u306f\u9b45\u529b\u7684\u3067\u3059\u304c\u539f\u6cb9\u4fa1\u683c\u304c\u4e0b\u304c\u3063\u3066\u3044\u308b\u306e\u3067\u3057\u3070\u3089\u304f\u306f\u69d8\u5b50\u898b\u3067\u3059\u306d\u3002<\/p>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-2314 size-full\" src=\"https:\/\/1up-life.blog\/wp-content\/uploads\/2023\/01\/CVX_2023-01-31_21-48-02.png\" alt=\"\u30b7\u30a7\u30d6\u30ed\u30f3 (CVX)\u682a\u4fa1\" width=\"1476\" height=\"816\" srcset=\"https:\/\/1up-life.blog\/wp-content\/uploads\/2023\/01\/CVX_2023-01-31_21-48-02.png 1476w, https:\/\/1up-life.blog\/wp-content\/uploads\/2023\/01\/CVX_2023-01-31_21-48-02-300x166.png 300w, https:\/\/1up-life.blog\/wp-content\/uploads\/2023\/01\/CVX_2023-01-31_21-48-02-1024x566.png 1024w, https:\/\/1up-life.blog\/wp-content\/uploads\/2023\/01\/CVX_2023-01-31_21-48-02-768x425.png 768w, https:\/\/1up-life.blog\/wp-content\/uploads\/2023\/01\/CVX_2023-01-31_21-48-02-940x520.png 940w\" sizes=\"auto, (max-width: 1476px) 100vw, 1476px\" \/><\/p>\n<p>\u30b7\u30a7\u30d6\u30ed\u30f3 (CVX)\u682a\u4fa1<\/p>\n<p class=\"hh hh3 main-bdr\"><span class=\"big\"><strong>\u30b7\u30a7\u30d6\u30ed\u30f3 (CVX)2022\u5e74\u7b2c4\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a<\/strong><\/span><\/p>\n<p>Call participants:<br \/>\nRoderick Green &#8212; General Manager, Investor Relations<br \/>\nMike Wirth &#8212; Chairman and Chief Executive Officer<br \/>\nPierre Breber &#8212; Chief Financial Officer<br \/>\nJeanine Wai &#8212; Barclays &#8212; Analyst<br \/>\nDevin McDermott &#8212; Morgan Stanley &#8212; Analyst<br \/>\nNeil Mehta &#8212; Goldman Sachs &#8212; Analyst<br \/>\nDoug Leggate &#8212; Bank of America Merrill Lynch &#8212; Analyst<br \/>\nJohn Royall &#8212; JPMorgan Chase and Company &#8212; Analyst<br \/>\nRoger Read &#8212; Wells Fargo Securities &#8212; Analyst<br \/>\nIrene Himona &#8212; Societe Generale &#8212; Analyst<br \/>\nRyan Todd &#8212; Piper Sandler &#8212; Analyst<br \/>\nJason Gabelman &#8212; Cowen and Company &#8212; Analyst<br \/>\nSam Margolin &#8212; Wolfe Research &#8212; Analyst<br \/>\nPaul Sankey &#8212; Sankey Research &#8212; Analyst<br \/>\nBiraj Borkhataria &#8212; RBC Capital Markets &#8212; Analyst<br \/>\nMore CVX analysis<\/p>\n<p>2023\u5e741\u670827\u65e5\u5348\u524d11\u664200\u5206<\/p>\n<p>\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n<p>\u304a\u306f\u3088\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u672c\u65e5\u306e\u4f1a\u8b70\u9032\u884c\u5f79\u3092\u52d9\u3081\u3055\u305b\u3066\u3044\u305f\u3060\u304d\u307e\u3059\u30b1\u30a4\u30c6\u30a3\u3068\u7533\u3057\u307e\u3059\u3002\u30b7\u30a7\u30d6\u30ed\u30f3\u306e 2022 \u5e74\u7b2c 4 \u56db\u534a\u671f\u6c7a\u7b97\u30ab\u30f3\u30d5\u30a1\u30ec\u30f3\u30b9\u30b3\u30fc\u30eb\u3078\u3088\u3046\u3053\u305d\u3002[\u30aa\u30da\u30ec\u30fc\u30bf\u30fc\u306e\u6307\u793a\u3011 \u3053\u308c\u3088\u308a\u3001\u30b7\u30a7\u30d6\u30ed\u30f3\u30fb\u30b3\u30fc\u30dd\u30ec\u30fc\u30b7\u30e7\u30f3\u306eIR\u62c5\u5f53\u30b8\u30a7\u30cd\u30e9\u30eb\u30de\u30cd\u30fc\u30b8\u30e3\u30fc\u3001Mr.<\/p>\n<p>\u30ed\u30c7\u30ea\u30c3\u30af\u30fb\u30b0\u30ea\u30fc\u30f3\u3067\u3059\u3002\u3069\u3046\u305e\u3001\u3069\u3046\u305e\u3002<\/p>\n<p>\u30ed\u30c7\u30ea\u30c3\u30af\u30fb\u30b0\u30ea\u30fc\u30f3 &#8212; \u30a4\u30f3\u30d9\u30b9\u30bf\u30fc\u30fb\u30ea\u30ec\u30fc\u30b7\u30e7\u30f3\u30ba \u30b8\u30a7\u30cd\u30e9\u30eb\u30fb\u30de\u30cd\u30fc\u30b8\u30e3\u30fc<\/p>\n<p>\u30b1\u30a4\u30c6\u30a3\u3001\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u30b7\u30a7\u30d6\u30ed\u30f3\u306e2022\u5e74\u7b2c4\u56db\u534a\u671f\u6c7a\u7b97\u306e\u96fb\u8a71\u4f1a\u8b70\u3068\u30a6\u30a7\u30d6\u30ad\u30e3\u30b9\u30c8\u306b\u3088\u3046\u3053\u305d\u3002\u79c1\u306f\u6295\u8cc7\u5bb6\u5411\u3051\u5e83\u5831\u306e\u30b8\u30a7\u30cd\u30e9\u30eb\u30de\u30cd\u30fc\u30b8\u30e3\u30fc\u3001\u30ed\u30c7\u30ea\u30c3\u30af\u30fb\u30b0\u30ea\u30fc\u30f3\u3067\u3059\u3002\u5f53\u793e\u306e\u4f1a\u9577\u517cCEO\u306e\u30de\u30a4\u30af\u30fb\u30ef\u30fc\u30b9\u3001\u305d\u3057\u3066CFO\u306e\u30d4\u30a8\u30fc\u30eb\u30fb\u30d6\u30ec\u30d0\u30fc\u304c\u79c1\u3068\u4e00\u7dd2\u306b\u96fb\u8a71\u4f1a\u8b70\u306b\u53c2\u52a0\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u307e\u305f\u30013\u67081\u65e5\u4ed8\u3067IR\u62c5\u5f53\u306e\u30b8\u30a7\u30cd\u30e9\u30eb\u30fb\u30de\u30cd\u30fc\u30b8\u30e3\u30fc\u306b\u5c31\u4efb\u3059\u308b\u30b8\u30a7\u30a4\u30af\u30fb\u30b9\u30d4\u30a2\u30fc\u30ea\u30f3\u30b0\u3082\u53c2\u52a0\u3057\u3066\u3044\u307e\u3059\u3002\u30b8\u30a7\u30a4\u30af\u3068\u79c1\u306f\u3001\u3053\u308c\u304b\u3089\u6570\u30ab\u6708\u304b\u3051\u3066\u4e00\u7dd2\u306b\u79fb\u884c\u3057\u3066\u3044\u304f\u3053\u3068\u306b\u306a\u308a\u307e\u3059\u3002\u3053\u306e2\u5e74\u9593\u3001\u7686\u3055\u3093\u3068\u4e00\u7dd2\u306b\u4ed5\u4e8b\u304c\u3067\u304d\u305f\u3053\u3068\u3092\u5fc3\u304b\u3089\u5b09\u3057\u304f\u601d\u3044\u307e\u3059\u3002\u3054\u8cea\u554f\u3001\u3054\u610f\u898b\u3001\u305d\u3057\u3066\u30b7\u30a7\u30d6\u30ed\u30f3\u3078\u306e\u6295\u8cc7\u306b\u611f\u8b1d\u3044\u305f\u3057\u307e\u3059\u3002<\/p>\n<p>\u30b7\u30a7\u30d6\u30ed\u30f3\u306e\u30a6\u30a7\u30d6\u30b5\u30a4\u30c8\u306b\u63b2\u8f09\u3055\u308c\u3066\u3044\u308b\u30b9\u30e9\u30a4\u30c9\u3084\u6e96\u5099\u3057\u305f\u767a\u8a00 \u3092\u53c2\u7167\u3055\u305b\u3066\u3044\u305f\u3060\u304d\u307e\u3059\u3002\u672c\u30d7\u30ec\u30bc\u30f3\u30c6\u30fc\u30b7\u30e7\u30f3\u306b\u306f\u3001\u898b\u7a4d\u308a\u3001\u4e88\u6e2c\u3001\u304a\u3088\u3073\u305d\u306e\u4ed6\u306e\u5c06\u6765\u4e88\u60f3\u306b\u95a2\u3059\u308b\u8a18\u8ff0\u304c\u542b\u307e\u308c\u3066\u3044\u308b\u3053\u3068\u306b\u3054\u7559\u610f\u304f\u3060\u3055\u3044\u3002\u30b9\u30e9\u30a4\u30c92\u306e\u6ce8\u610f\u66f8\u304d\u3092\u3054\u78ba\u8a8d\u304f\u3060\u3055\u3044\u3002\u305d\u308c\u3067\u306f\u3001\u30de\u30a4\u30af\u306b\u4ea4\u4ee3\u3057\u307e\u3059\u3002<\/p>\n<p>\u30de\u30a4\u30af\u30fb\u30ef\u30fc\u30b9 &#8212; 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&#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u59cb\u3081\u308b\u524d\u306b &#8212; \u3053\u3093\u306b\u3061\u306f\u3001\u304a\u306f\u3088\u3046\u3054\u3056\u3044\u307e\u3059\u3001Mike\u3067\u3059\u3002\u30ed\u30c7\u30ea\u30c3\u30af\u306e\u65b0\u3057\u3044\u5f79\u8077\u304c\u3046\u307e\u304f\u3044\u304f\u3053\u3068\u3092\u7948\u308a\u307e\u3059\u3002\u307e\u305f\u3001\u3053\u306e2\u5e74\u9593\u3001\u3042\u306a\u305f\u306e\u6642\u9593\u3068\u5354\u529b\u306b\u672c\u5f53\u306b\u611f\u8b1d\u3057\u3066\u3044\u307e\u3059\u3002\u672c\u5f53\u306b\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002\u6700\u521d\u306e\u8cea\u554f\u3067\u3059\u304c\u3001\u8cb7\u3044\u623b\u3057\u306e\u627f\u8a8d\u306b\u3064\u3044\u3066\u3067\u3059\u3002<\/p>\n<p>\u4eca\u9031\u3001\u53d6\u7de0\u5f79\u4f1a\u306f750\u5104\u30c9\u30eb\u307e\u3067\u306e\u8cb7\u3044\u623b\u3057\u6a29\u9650\u3092\u627f\u8a8d\u3057\u307e\u3057\u305f\u3002\u3053\u308c\u306f\u30014\u5e74\u9593\u306e\u671f\u9650\u4ed8\u304d\u3060\u3063\u305f\u4ee5\u524d\u306e\u627f\u8a8d\u3068\u6bd4\u3079\u308b\u3068\u3001\u304b\u306a\u308a\u5927\u304d\u306a\u3082\u306e\u3067\u3059\u3002\u3053\u306e\u305f\u3073\u306e\u53d6\u7de0\u5f79\u4f1a\u3067\u306f\u3001\u3042\u3089\u3086\u308b\u30b5\u30a4\u30af\u30eb\u3067\u5b89\u5b9a\u7684\u306b\u682a\u5f0f\u3092\u8cfc\u5165\u3057\u3001\u3088\u308a\u591a\u304f\u306e\u73fe\u91d1\u3092\u682a\u4e3b\u306b\u9084\u5143\u3067\u304d\u308b\u4f53\u5236\u3092\u6574\u3048\u305f\u3044\u3068\u3044\u3046\u3054\u610f\u898b\u3092\u3044\u305f\u3060\u304d\u307e\u3057\u305f\u3002750\u5104\u30c9\u30eb\u3092\u9054\u6210\u3059\u308b\u305f\u3081\u306e\u610f\u601d\u6c7a\u5b9a\u30d7\u30ed\u30bb\u30b9\u3001\u307e\u305f\u3001\u671f\u9650\u4ed8\u304d\u306e\u5148\u884c\u6295\u8cc7\u3068\u6bd4\u8f03\u3057\u3066\u3001\u3053\u306e\u30bf\u30a4\u30df\u30f3\u30b0\u3067\u306e\u6295\u8cc7\u8a31\u53ef\u3092\u6b8b\u3059\u3068\u3044\u3046\u9078\u629e\u306b\u3064\u3044\u3066\u3001\u30b3\u30e1\u30f3\u30c8\u3092\u304a\u9858\u3044\u3057\u307e\u3059\u3002<\/p>\n<p>Mike Wirth &#8212; \u4f1a\u9577\u517c\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u3048\u3048\u3001Jeanine\u3001\u307e\u305a\u79c1\u304b\u3089\u3002\u305d\u308c\u304b\u3089\u3001Pierre\u306b\u5c11\u3057\u8272\u3092\u3064\u3051\u3066\u3082\u3089\u3044\u307e\u3059\u3002\u3053\u306e\u96fb\u8a71\u4f1a\u8b70\u3067\u306f\u3001\u904e\u53bb\u306e\u30d7\u30ed\u30b0\u30e9\u30e0\u3092\u632f\u308a\u8fd4\u3063\u3066\u3001\u5c11\u3057\u60c5\u5831\u3092\u63d0\u4f9b\u3057\u307e\u3057\u305f\u3002\u30b9\u30e9\u30a4\u30c915\u306b\u3042\u308b\u3088\u3046\u306b\u3001\u904e\u53bb19\u5e74\u9593\u3001\u79c1\u305f\u3061\u306f\u5e02\u5834\u306e\u51fa\u6765\u9ad8\u52a0\u91cd\u5e73\u5747\u3088\u308a\u3082\u4f4e\u3044\u6c34\u6e96\u3067\u682a\u5f0f\u3092\u8cb7\u3044\u623b\u3057\u3066\u3044\u307e\u3059\u3002\u79c1\u305f\u3061\u306f\u3001\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306e\u30ad\u30e3\u30c3\u30b7\u30e5\u5275\u51fa\u529b\u3001\u5e02\u5834\u74b0\u5883\u306e\u898b\u901a\u3057\u3001\u30d0\u30e9\u30f3\u30b9\u30b7\u30fc\u30c8\u306e\u5f37\u3055\u3068\u3044\u3063\u305f\u89b3\u70b9\u304b\u3089\u3001\u4eca\u5f8c\u306e\u6c7a\u5b9a\u3092\u691c\u8a0e\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u307e\u305f\u3001\u6bce\u5e74\u30d7\u30ed\u30b0\u30e9\u30e0\u3092\u627f\u8a8d\u3057\u3066\u3044\u308b\u308f\u3051\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u305d\u3053\u3067\u3001\u53d6\u7de0\u5f79\u4f1a\u3067\u306f\u3001\u8907\u6570\u5e74\u306e\u898b\u901a\u3057\u306b\u3064\u3044\u3066\u8a71\u3092\u3057\u3066\u3044\u307e\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u3053\u306e\u30d7\u30ed\u30b0\u30e9\u30e0\u306b\u7d42\u4e86\u671f\u9650\u304c\u306a\u3044\u3068\u3044\u3046\u4e8b\u5b9f\u306f\u3001\u3042\u308b\u7a2e\u306e\u8a08\u7b97\u3092\u3057\u3066\u3053\u308c\u3092\u5e74\u7387\u63db\u7b97\u3057\u3088\u3046\u3068\u3059\u308b\u5834\u5408\u306b\u306e\u307f\u610f\u5473\u304c\u3042\u308a\u307e\u3059\u3002\u79c1\u305f\u3061\u306f\u3001\u3053\u308c\u307e\u3067\u306e\u5b9f\u7e3e\u304c\u3001\u79c1\u305f\u3061\u306e\u7740\u5b9f\u3067\u4e00\u8cab\u3057\u305f\u3084\u308a\u65b9\u3092\u7269\u8a9e\u3063\u3066\u3044\u308b\u3068\u8003\u3048\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u3067\u3059\u304b\u3089\u3001\u6628\u5e74\u306f\u72b6\u6cc1\u306e\u5909\u5316\u306b\u5fdc\u3058\u30663\u56de\u5897\u3084\u3057\u3001\u73fe\u5728\u306f\u904e\u53bb\u6700\u9ad8\u306e\u8cb7\u3044\u623b\u3057\u7387\u306b\u306a\u3063\u3066\u3044\u307e\u3059\u3002\u6700\u5f8c\u306b\u3001\u3042\u306a\u305f\u304c\u304a\u3063\u3057\u3083\u3063\u305f\u3053\u3068\u3067\u3059\u304c\u3001\u7e70\u308a\u8fd4\u3057\u306b\u306a\u308a\u307e\u3059\u304c\u3001\u5546\u54c1\u30b5\u30a4\u30af\u30eb\u3092\u901a\u3058\u3066\u30d7\u30ed\u30b0\u30e9\u30e0\u3092\u7dad\u6301\u3059\u308b\u305f\u3081\u3067\u3059\u3002\u79c1\u305f\u3061\u306f\u666f\u6c17\u523a\u6fc0\u7b56\u3092\u3068\u3063\u3066\u3044\u308b\u308f\u3051\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u53cd\u5faa\u74b0\u7684\u3067\u3082\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n<p>\u79c1\u305f\u3061\u306f\u666f\u6c17\u5faa\u74b0\u306e\u4e2d\u3067\u5b89\u5b9a\u7684\u306b\u4e8b\u696d\u3092\u5c55\u958b\u3057\u307e\u3059\u3057\u3001\u305d\u306e\u3064\u3082\u308a\u3067\u3059\u3002\u30d4\u30a8\u30fc\u30eb\u3001\u4f55\u304b\u8ffd\u52a0\u3059\u308b\u3053\u3068\u306f\u3042\u308a\u307e\u3059\u304b\uff1f<\/p>\n<p>Pierre Breber &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u3048\u3048\u3001\u30b8\u30a7\u30cb\u30fc\u30f3\u30022019\u5e74\u304b\u3089\u306e\u30aa\u30fc\u30bd\u30e9\u30a4\u30ba\u306f\u3001\u7b2c2\u56db\u534a\u671f\u306b\u6d88\u8cbb\u3055\u308c\u308b\u4e88\u5b9a\u3060\u3063\u305f\u3093\u3067\u3059\u306d\u3002\u307e\u305f\u3001\u30aa\u30fc\u30d7\u30f3\u306a\u3082\u306e\u3067\u3057\u305f\u306e\u3067\u3001\u671f\u9593\u3092\u5b9a\u3081\u3066\u3044\u307e\u305b\u3093\u3067\u3057\u305f\u3002\u79c1\u305f\u3061\u306f\u305f\u3060 &#8212; \u305d\u308c\u3092\u6d88\u8cbb\u3057\u305f\u3053\u3068\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n<p>\u3067\u3059\u304b\u3089\u3001\u56db\u534a\u671f\u306e\u9014\u4e2d\u3067\u30aa\u30fc\u30bd\u30e9\u30a4\u30ba\u3092\u884c\u3046\u306e\u3067\u306f\u306a\u304f\u30012019\u5e74\u306e\u30aa\u30fc\u30bd\u30e9\u30a4\u30ba\u3067\u4eca\u671f\u306e\u8cb7\u3044\u623b\u3057\u3092\u5b8c\u4e86\u3055\u305b\u3001\u307e\u305f\u30aa\u30fc\u30d7\u30f3\u306a\u671f\u9593\u3092\u8a2d\u3051\u30014\u67081\u65e5\u304b\u3089\u65b0\u305f\u306b\u30b9\u30bf\u30fc\u30c8\u3055\u305b\u307e\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u4ee5\u524d\u306e\u6642\u306e\u3084\u308a\u65b9\u3068\u4f3c\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>Jeanine Wai &#8212; Barclays &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u3054\u8aac\u660e\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u30022\u3064\u76ee\u306e\u8cea\u554f\u3067\u3059\u304c\u3001\u4eca\u5e74\u3082\u3053\u306e\u6642\u671f\u304c\u3084\u3063\u3066\u307e\u3044\u308a\u307e\u3057\u305f\u30022022\u5e74\u306e\u6bd4\u7387\u306f97\uff05\u3067\u3057\u305f\u306d\u3002<\/p>\n<p>\u6628\u5e74\u306f112\uff05\u3001\u305d\u306e\u524d\u306e5\u5e74\u9593\u306f\u5e73\u574799\uff05\u7a0b\u5ea6\u3060\u3063\u305f\u3068\u601d\u3044\u307e\u3059\u3002\u305d\u3053\u3067\u8cea\u554f\u3067\u3059\u304c\u3001\u3053\u306e\u6bd4\u7387\u306f\u4eca\u5f8c\u3069\u306e\u3088\u3046\u306b\u63a8\u79fb\u3057\u3066\u3044\u304f\u3068\u304a\u8003\u3048\u3067\u3059\u304b\uff1f\u305d\u3057\u3066\u3001\u3053\u306e\u6bd4\u7387\u304c100\uff05\u3092\u8d85\u3048\u308b\u304b\u8d85\u3048\u306a\u3044\u304b\u3068\u3044\u3046\u3053\u3068\u3067\u3059\u3002\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002<\/p>\n<p>Mike Wirth &#8212; \u4f1a\u9577\u517c\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u3002\u3053\u306e\u6bd4\u7387\u306f\u3001\u3055\u307e\u3056\u307e\u306a\u7406\u7531\u306b\u3088\u3063\u3066\u3001\u3069\u306e\u5e74\u306b\u304a\u3044\u3066\u3082\u5909\u5316\u3059\u308b\u53ef\u80fd\u6027\u304c\u3042\u308a\u307e\u3059\u306d\u3002\u4fa1\u683c\u3001FID\u306e\u6c7a\u5b9a\u3001\u79c1\u305f\u3061\u304c\u884c\u3046\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u30fb\u30a2\u30af\u30b7\u30e7\u30f3\u3001\u3064\u307e\u308a\u58f2\u308a\u3068\u8cb7\u3044\u306e\u3069\u3061\u3089\u304b\u3067\u3059\u3002\u3060\u304b\u3089\u30011\u5e74\u9593\u306e\u6570\u5024\u306f\u5909\u52d5\u3059\u308b\u3082\u306e\u306a\u306e\u3067\u3059\u3002\u3082\u3063\u3068\u9577\u3044\u30b5\u30a4\u30af\u30eb\u306e\u6570\u5b57\u306b\u6ce8\u610f\u3092\u6255\u3046\u5fc5\u8981\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<p>\u307e\u305f\u3001\u30d1\u30fc\u30df\u30a2\u30f3\u306b\u5927\u304d\u306a\u30dd\u30b8\u30b7\u30e7\u30f3\u3092\u6301\u3063\u3066\u3044\u308b\u305f\u3081\u3001\u958b\u767a\u3092\u7d9a\u3051\u3066\u3044\u308b\u3053\u3068\u3082\u5fd8\u308c\u3066\u306f\u3044\u3051\u307e\u305b\u3093\u3002\u79c1\u305f\u3061\u306f5\u5e74\u5148\u307e\u3067\u3057\u304b\u4e88\u7d04\u3067\u304d\u307e\u305b\u3093\u3002\u305d\u306e\u305f\u3081\u3001\u6bce\u5e74\u3001\u975e\u5f93\u6765\u578b\u306e\u8cc7\u7523\u304b\u3089\u751f\u7523\u3092\u884c\u3044\u3001\u305d\u306e\u30d0\u30c3\u30af\u30a8\u30f3\u30c9\u306b\u3055\u3089\u306b1\u5e74\u5206\u306e\u57cb\u8535\u91cf\u3092\u8ffd\u52a0\u3059\u308b\u3053\u3068\u306b\u306a\u308a\u307e\u3059\u3002\u305d\u306e\u305f\u3081\u3001\u3082\u3057\u30d1\u30fc\u30df\u30a2\u30f3\u3092\u5236\u7d04\u306a\u304f\u898b\u308b\u3053\u3068\u304c\u3067\u304d\u308b\u3068\u3057\u305f\u3089\u3001\u307e\u3063\u305f\u304f\u7570\u306a\u308b\u898b\u89e3\u306b\u306a\u308b\u3053\u3068\u3067\u3057\u3087\u3046\u3002<\/p>\n<p>\u4eca\u5e74\u306f\u3001\u30d4\u30a8\u30fc\u30eb\u3055\u3093\u304c\u304a\u3063\u3057\u3083\u3063\u305f\u3088\u3046\u306b\u3001\u30d1\u30fc\u30df\u30a2\u30f3\u3068\u30a4\u30b9\u30e9\u30a8\u30eb\u3001\u30ab\u30ca\u30c0\u3001\u30e1\u30ad\u30b7\u30b3\u6e7e\u3067\u8ffd\u52a0\u57cb\u8535\u91cf\u304c\u3042\u308a\u307e\u3057\u305f\u3002\u3057\u304b\u3057\u3001\u5951\u7d04\u6761\u4ef6\u3084\u4fa1\u683c\u4e0a\u6607\u306e\u5f71\u97ff\u306b\u3088\u308a\u3001\u30ab\u30b6\u30d5\u30b9\u30bf\u30f3\u3067\u306f\u4eca\u5e74\u6700\u5927\u306e\u7d14\u6e1b\u3068\u306a\u308a\u307e\u3057\u305f\u3002\u3082\u3057\u3053\u308c\u3092\u8abf\u6574\u3059\u308b\u3068\u3059\u308c\u3070\u30011\u5104\u30d0\u30ec\u30eb\u306e\u4fa1\u683c\u52b9\u679c\u304c\u3042\u308a\u307e\u3059\u304c\u3001\u4eca\u5e74\u306f107%\u306e\u4fa1\u683c\u52b9\u679c\u3060\u3068\u8003\u3048\u3066\u304f\u3060\u3055\u3044\u3002\u79c1\u305f\u3061\u306f\u3053\u306e\u4e8b\u696d\u3092\u9577\u304f\u7d9a\u3051\u3066\u3044\u304f\u3064\u3082\u308a\u3067\u3059\u306e\u3067\u3001100%\u3068\u3044\u3046\u306e\u306f\u3001\u305d\u308c\u4ee5\u4e0a\u306e\u6570\u5b57\u306b\u306a\u308b\u3068\u8003\u3048\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u3057\u304b\u3057\u3001\u3069\u306e\u5e74\u3001\u3069\u306e\u77ed\u3044\u5e74\u6570\u3067\u3082\u3001\u4f55\u304b\u304c\u5c11\u3057\u9055\u3063\u3066\u898b\u3048\u308b\u304b\u3082\u3057\u308c\u307e\u305b\u3093\u3002<\/p>\n<p>\u53f8\u4f1a<\/p>\n<p>\u6b21\u306f\u30e2\u30eb\u30ac\u30f3\u30fb\u30b9\u30bf\u30f3\u30ec\u30fc\u306e\u30c7\u30f4\u30a3\u30f3\u30fb\u30de\u30af\u30c0\u30fc\u30e2\u30c3\u30c8\u3055\u3093\u304b\u3089\u8cea\u554f\u3092\u304a\u53d7\u3051\u3057\u307e\u3059\u3002<\/p>\n<p>Devin McDermott &#8212; Morgan Stanley &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u304a\u306f\u3088\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u79c1\u306e\u8cea\u554f\u306b\u7b54\u3048\u3066\u304f\u308c\u3066\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u307e\u305a\u6700\u521d\u306b\u3001\u30ed\u30c7\u30ea\u30c3\u30af\u3001\u30b8\u30a7\u30cb\u30fc\u30f3\u306b\u65b0\u3057\u3044\u8077\u52d9\u306b\u3064\u3044\u3066\u304a\u795d\u3044\u3092\u7533\u3057\u4e0a\u3052\u305f\u3044\u3002\u305d\u3053\u3067\u3001\u4e0a\u6d41\u306b\u7126\u70b9\u3092\u5f53\u3066\u305f\u3044\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>TCO\u306e\u9032\u6357\u304c\u9806\u8abf\u3067\u3042\u308b\u3053\u3068\u306f\u559c\u3070\u3057\u3044\u3053\u3068\u3067\u3059\u3057\u3001\u62e1\u5f35\u30d7\u30ed\u30b8\u30a7\u30af\u30c8\u3082\u30b4\u30fc\u30eb\u306b\u8fd1\u3065\u3044\u3066\u3044\u308b\u3088\u3046\u3067\u3001\u308f\u304f\u308f\u304f\u3057\u3066\u3044\u307e\u3059\u3002WPMP\u306f\u4eca\u5e74\u672b\u306e\u8a66\u904b\u8ee2\u958b\u59cb\u306b\u5411\u3051\u3066\u9806\u8abf\u306b\u9032\u3093\u3067\u3044\u308b\u3068\u306e\u3053\u3068\u3067\u3059\u304c\u3001\u307e\u305a\u6700\u521d\u306b\u3001WPMP\u306e\u8a66\u904b\u8ee2\u304c\u9806\u8abf\u306b\u9032\u3093\u3067\u3044\u308b\u3053\u3068\u3092\u78ba\u8a8d\u3057\u305f\u3044\u3068\u601d\u3044\u307e\u3059\u3002\u307e\u305a\u3001\u62e1\u5f35\u30d7\u30ed\u30b8\u30a7\u30af\u30c8\u306e\u7b2c2\u6bb5\u968e\u3067\u3042\u308bFGP\u304c24\u5e74\u306b\u4e88\u5b9a\u3055\u308c\u3066\u3044\u308b\u3053\u3068\u3092\u78ba\u8a8d\u3057\u305f\u3044\u306e\u3067\u3059\u3002\u305d\u308c\u304b\u3089\u3001\u3053\u308c\u3089\u306e\u30d7\u30ed\u30b8\u30a7\u30af\u30c8\u304c\u7a3c\u52d5\u3057\u305f\u5834\u5408\u306eTCO\u751f\u7523\u3001\u8a2d\u5099\u6295\u8cc7\u3001\u3055\u3089\u306b\u95a2\u9023\u4f1a\u793e\u306e\u914d\u5f53\u3078\u306e\u5f71\u97ff\u306b\u3064\u3044\u3066\u3001\u6700\u65b0\u306e\u898b\u901a\u3057\u3092\u6559\u3048\u3066\u304f\u3060\u3055\u3044\u300224\u5e74\u306823\u5e74\u306e\u6bd4\u8f03\u3067\u3001\u3069\u306e\u3088\u3046\u306a\u5909\u5316\u304c\u3042\u308b\u306e\u304b\u3092\u628a\u63e1\u3057\u305f\u3044\u3068\u8003\u3048\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u307e\u305f\u3001FGP\u5f8c\u306e\u95a2\u9023\u4f1a\u793e\u306e\u751f\u7523\u91cf\u3068\u652f\u51fa\u306b\u3064\u3044\u3066\u3001\u3069\u306e\u3088\u3046\u306b\u304a\u8003\u3048\u3067\u3059\u304b\uff1f<\/p>\n<p>Mike Wirth &#8212; \u4f1a\u9577\u517c\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u3002Devin\u3001\u79c1\u306f\u30d7\u30ed\u30b8\u30a7\u30af\u30c8\u306e\u8a71\u3092\u3057\u3001Pierre\u306f\u8ca1\u52d9\u306e\u8a71\u3092\u5c11\u3057\u3057\u307e\u3059\u3002\u307e\u305a\u6700\u521d\u306b\u3001\u30b3\u30b9\u30c8\u3068\u30b9\u30b1\u30b8\u30e5\u30fc\u30eb\u306e\u30ac\u30a4\u30c0\u30f3\u30b9\u306b\u5909\u66f4\u306f\u3042\u308a\u307e\u305b\u3093\u3002WPMP\u306f\u3001\u4eca\u5e74\u672b\u306b\u30b9\u30bf\u30fc\u30c8\u30a2\u30c3\u30d7\u3092\u958b\u59cb\u3059\u308b\u65b9\u5411\u3067\u63a8\u79fb\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u591a\u304f\u306e\u4ed5\u4e8b\u3092\u3053\u306a\u3057\u307e\u3057\u305f\u3002\u65b0\u3057\u3044\u9001\u96fb\u7db2\u3092\u7a3c\u50cd\u3055\u305b\u307e\u3057\u305f\u304c\u3001\u3053\u308c\u306f\u30bd\u9023\u6642\u4ee3\u306b\u4f5c\u3089\u308c\u305f\u9001\u96fb\u7db2\u3067\u3059\u3002\u30b3\u30f3\u30c8\u30ed\u30fc\u30eb\u30eb\u30fc\u30e0\u3082\u7a3c\u50cd\u3057\u3001\u3059\u3079\u3066\u304c1\u3064\u306e\u4e2d\u592e\u30b3\u30f3\u30c8\u30ed\u30fc\u30eb\u30eb\u30fc\u30e0\u306b\u96c6\u7d04\u3055\u308c\u305f\u3002\u30ac\u30b9\u6ce8\u5165\u4e95\u306e\u751f\u7523\u306f\u3059\u3079\u3066\u7d42\u4e86\u3057\u3066\u3044\u308b\u3002<\/p>\n<p>\u30ac\u30b9\u6ce8\u5165\u8a2d\u5099\u306f\u73fe\u5728\u3001\u521d\u671f\u8a66\u904b\u8ee2\u4e2d\u3067\u3059\u3002\u3053\u308c\u306f3\u57fa\u306e\u30ac\u30b9\u30bf\u30fc\u30d3\u30f3\u767a\u96fb\u6a5f\u306e\u3046\u30611\u57fa\u3092\u30c6\u30b9\u30c8\u3057\u3001\u767a\u96fb\u80fd\u529b\u3092\u5897\u5f37\u3057\u3001\u30dc\u30a4\u30e9\u30fc\u3084\u84b8\u6c17\u306a\u3069\u306e\u30e6\u30fc\u30c6\u30a3\u30ea\u30c6\u30a3\u3092\u8a66\u904b\u8ee2\u3059\u308b\u305f\u3081\u306e\u91cd\u8981\u306a\u30de\u30a4\u30eb\u30b9\u30c8\u30fc\u30f3\u3068\u306a\u308a\u307e\u3059\u3002\u305d\u3057\u3066\u7b2c3\u56db\u534a\u671f\u306b\u306f\u6607\u5727\u30b3\u30f3\u30d7\u30ec\u30c3\u30b5\u30fc\u306e\u8a66\u904b\u8ee2\u3092\u884c\u3044\u3001\u5e74\u672b\u306b\u306f\u9ad8\u5727\u304b\u3089\u4f4e\u5727\u3078\u306e\u8ee2\u63db\u3092\u958b\u59cb\u3057\u307e\u3059\u3002\u751f\u7523\u306b\u5f71\u97ff\u3092\u4e0e\u3048\u308b\u3082\u306e\u304c2\u3064\u3042\u308a\u307e\u3059\u3002<\/p>\n<p>\u53e4\u3044\u30d7\u30ed\u30bb\u30b9\u30c8\u30ec\u30a4\u30f3\u306e\u30bf\u30fc\u30f3\u30a2\u30e9\u30a6\u30f3\u30c9\u304c2\u3064\u4e88\u5b9a\u3055\u308c\u3066\u3044\u307e\u3059\u3002KTL\u3068\u547c\u3070\u308c\u308b\u3082\u306e\u3067\u3059\u30025\u57fa\u3042\u308a\u307e\u3059\u3002\u4eca\u5e74\u306f2\u56de\u306e\u30bf\u30fc\u30f3\u30a2\u30e9\u30a6\u30f3\u30c9\u304c\u3042\u308a\u3001\u7b2c3\u56db\u534a\u671f\u306b\u4e88\u5b9a\u3055\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u305d\u306e\u305f\u3081\u3001\u3053\u308c\u3089\u306f\u4e00\u5b9a\u671f\u9593\u505c\u6b62\u3057\u307e\u3059\u3002\u3053\u306e2\u3064\u306e\u6cb9\u4e95\u306f\u3001\u4f4e\u5727\u30b7\u30b9\u30c6\u30e0\u306b\u79fb\u884c\u3059\u308b\u307e\u3067\u751f\u7523\u304c\u518d\u958b\u3055\u308c\u306a\u3044\u305f\u3081\u3001\u751f\u7523\u304c\u5b8c\u5168\u306b\u56de\u5fa9\u3057\u306a\u3044\u53ef\u80fd\u6027\u304c\u3042\u308a\u307e\u3059\u3002\u305d\u306e\u305f\u3081\u3001\u4eca\u5e74\u306e\u5f8c\u534a\u306b\u306f\u3001\u3053\u306e\u3088\u3046\u306a\u5f71\u97ff\u304c\u5c11\u3057\u51fa\u3066\u304f\u308b\u3068\u601d\u308f\u308c\u307e\u3059\u3002\u305d\u3057\u3066\u300124\u5e74\u306b\u5165\u308b\u3068\u3001\u9ad8\u5727\u304b\u3089\u4f4e\u5727\u3078\u306e\u8ee2\u63db\u304c\u9032\u307f\u300124\u5e74\u306e\u524d\u534a\u306b\u306fFGP\u304c\u30b9\u30bf\u30fc\u30c8\u30a2\u30c3\u30d7\u3057\u307e\u3059\u3002<\/p>\n<p>\u305d\u306e\u305f\u3081\u3001FGP\u306e\u52b9\u679c\u304c\u30d5\u30eb\u306b\u767a\u63ee\u3055\u308c\u308b\u308f\u3051\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u300224\u5e74\u306e\u7acb\u3061\u4e0a\u3052\u3067\u90e8\u5206\u7684\u306a\u52b9\u679c\u304c\u3042\u308a\u300125\u5e74\u306b\u5b8c\u5168\u306a\u52b9\u679c\u304c\u73fe\u308c\u307e\u3059\u3002\u30ad\u30e3\u30c3\u30b7\u30e5\u3082\u305d\u306e\u3088\u3046\u306a\u30d1\u30bf\u30fc\u30f3\u306b\u306a\u308a\u307e\u3059\u3002\u3067\u306f\u3001\u30d4\u30a8\u30fc\u30eb\u3001\u8a2d\u5099\u6295\u8cc7\u3068\u914d\u5f53\u306e\u30d1\u30bf\u30fc\u30f3\u306b\u3064\u3044\u3066\u6559\u3048\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n<p>\u30d4\u30a8\u30fc\u30eb\u30fb\u30d6\u30ec\u30d0\u30fc &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u30022023\u5e74\u306b\u3064\u3044\u3066\u306f\u3001TCO\u306e\u914d\u5f53\u304c\u30ac\u30a4\u30c0\u30f3\u30b9\u306b\u542b\u307e\u308c\u3066\u304a\u308a\u300150\u5104\u30c9\u30eb\u304b\u308960\u5104\u30c9\u30eb\u3068\u3001\u6628\u5e74\u306e\u914d\u5f53\u7dcf\u984d\u3088\u308a\u3082\u5897\u52a0\u3057\u3066\u3044\u307e\u3059\u3002TCO\u306f\u3001\u6628\u5e74\u4e2d\u306b\u3001\u73fe\u5728\u9032\u884c\u4e2d\u306e\u4e0d\u78ba\u5b9f\u6027\u306e\u305f\u3081\u306b\u3001\u5c11\u3057\u4f59\u5270\u8cc7\u91d1\u3092\u4fdd\u6709\u3057\u3066\u3044\u308b\u3053\u3068\u3092\u793a\u3057\u307e\u3057\u305f\u3002\u3053\u306e\u8a2d\u5099\u6295\u8cc7\u306f\u300112\u6708\u306e\u767a\u8868\u306b\u542b\u307e\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u3064\u307e\u308a\u3001\u95a2\u9023\u4f1a\u793e\u306e\u8a2d\u5099\u6295\u8cc730\u5104\u30c9\u30eb\u306e\u3046\u3061\u3001\u534a\u5206\u8fd1\u304f\u306e15\u5104\u30c9\u30eb\u3068\u3044\u3046\u3053\u3068\u3067\u3059\u3002\u3053\u308c\u3082\u3001\u6765\u5e74\u3082\u7d99\u7d9a\u3057\u3066\u30ed\u30fc\u30eb\u30aa\u30d5\u3055\u308c\u308b\u3082\u306e\u3068\u601d\u308f\u308c\u307e\u3059\u3002\u305d\u308c\u304b\u3089\u3001\u6295\u8cc7\u5bb6\u5411\u3051\u8aac\u660e\u4f1a\u306b\u623b\u3063\u3066\u3001FGP\u306e\u751f\u7523\u304c\u901a\u5e74\u3067\u958b\u59cb\u3055\u308c\u305f\u5f8c\u306e\u30d6\u30ec\u30f3\u30c8\u304c60\u30c9\u30eb\u306e\u5834\u5408\u3001TCO\u304b\u3089\u51fa\u308b\u30d5\u30ea\u30fc\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u306f100\u5104\u30c9\u30eb\u306b\u306a\u308b\u3053\u3068\u3092\u793a\u3057\u307e\u3057\u305f\u3002\u7e70\u308a\u8fd4\u3057\u307e\u3059\u304c\u3001\u3053\u308c\u306f\u30d6\u30ec\u30f3\u30c860\u30c9\u30eb\u306e\u5834\u5408\u3067\u3059\u3002<\/p>\n<p>\u6295\u8cc7\u5bb6\u5411\u3051\u8aac\u660e\u4f1a\u3067\u901a\u5e38\u884c\u3046\u3088\u3046\u306b\u3001\u3055\u3089\u306b\u8a73\u3057\u3044\u60c5\u5831\u3092\u304a\u4f1d\u3048\u3057\u307e\u3059\u3002\u3057\u304b\u3057\u3001\u9577\u3044\u9593\u7533\u3057\u4e0a\u3052\u3066\u304d\u305f\u3088\u3046\u306b\u3001COVID\u3092\u901a\u3058\u3066\u3053\u306e\u30d7\u30ed\u30b8\u30a7\u30af\u30c8\u306b6\u5e74\u4ee5\u4e0a\u6295\u8cc7\u3057\u3066\u304d\u307e\u3057\u305f\u304c\u3001\u6d6e\u304d\u6c88\u307f\u304c\u3042\u308a\u3001\u59cb\u52d5\u3059\u308c\u3070\u591a\u304f\u306e\u30d5\u30ea\u30fc\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u3092\u751f\u307f\u51fa\u3059\u3053\u3068\u306b\u306a\u308a\u307e\u3059\u3002\u305d\u308c\u306f\u914d\u5f53\u91d1\u3068\u3044\u3046\u5f62\u3067\u3001\u307e\u305fTCO\u306b\u5171\u540c\u878d\u8cc7\u3057\u3066\u3044\u308b\u30ed\u30fc\u30f3\u306e\u8fd4\u6e08\u3068\u3044\u3046\u5f62\u3067\u9084\u5143\u3055\u308c\u308b\u3067\u3057\u3087\u3046\u3002<\/p>\n<p>Mike Wirth &#8212; \u4f1a\u9577\u517c\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u30c7\u30d3\u30c3\u30c9\u3001\u6700\u5f8c\u306b\u88dc\u8db3\u3057\u3066\u304a\u304d\u307e\u3059\u304c\u3001\u6628\u5e74\u306e\u6295\u8cc7\u5bb6\u8aac\u660e\u4f1a\u3067\u306f\u30012026\u5e74\u3068\u3044\u3046\u6570\u5b57\u3092\u793a\u3057\u307e\u3057\u305f\u3002\u3064\u307e\u308a\u3001\u4eca\u8aac\u660e\u3057\u305f\u3088\u3046\u306a\u3053\u3068\u304c\u3059\u3079\u3066\u7d42\u308f\u308c\u3070\u3001TCO\u304b\u3089\u306e\u30d5\u30ea\u30fc\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u306f2021\u5e74\u306b\u6bd4\u3079\u30665\u500d\u306b\u62e1\u5927\u3057\u307e\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u3053\u308c\u306f\u610f\u5473\u306e\u3042\u308b\u3053\u3068\u306a\u306e\u3067\u3059\u3002<\/p>\n<p>Devin McDermott &#8212; Morgan Stanley &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u305d\u3046\u3067\u3059\u304b\u3002\u7d20\u6674\u3089\u3057\u3044\u3002\u53c2\u8003\u306b\u306a\u308b\u304a\u7b54\u3048\u3092\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002\u305d\u3057\u3066\u4eca\u5e74\u30012023\u5e74\u306b\u3064\u3044\u3066\u3001\u3088\u308a\u8a73\u7d30\u306b\u8003\u3048\u3066\u307f\u307e\u3057\u3087\u3046\u3002<\/p>\n<p>2023\u5e74\u306e\u751f\u7523\u91cf\u306f0\uff5e3\uff05\u5897\u3067\u3001\u30d1\u30fc\u30df\u30a2\u30f3\u306e\u751f\u7523\u304c\u727d\u5f15\u3059\u308b\u3068\u304a\u3063\u3057\u3083\u3044\u307e\u3057\u305f\u3002\u6628\u5e74\u3082\u30d1\u30fc\u30df\u30a2\u30f3\u306f\u597d\u8abf\u3067\u3001\u6570\u91cf\u306f16%\u5897\u3067\u3057\u305f\u306d\u30022023\u5e74\u306e\u30d1\u30fc\u30df\u30a2\u30f3\u306e\u30ea\u30b0\u6570\u3001\u6d3b\u52d5\u50be\u5411\u306b\u3064\u3044\u3066\u6559\u3048\u3066\u304f\u3060\u3055\u3044\u3002\u307e\u305f\u30012%\u304b\u30893%\u306e\u7bc4\u56f2\u5185\u3067\u3001\u5e74\u9593\u3092\u901a\u3058\u3066\u4e0a\u65b9\u307e\u305f\u306f\u4e0b\u65b9\u3078\u52d5\u304f\u53ef\u80fd\u6027\u306e\u3042\u308b\u8981\u56e0\u306f\u4f55\u3067\u3057\u3087\u3046\u304b\u3002<\/p>\n<p>Mike Wirth &#8212; \u4f1a\u9577\u517c\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u30022\u3064\u76ee\u306e\u8cea\u554f\u306f\u5168\u4f53\u306e\u751f\u7523\u306b\u3064\u3044\u3066\u3067\u30011\u3064\u76ee\u306f\u30d1\u30fc\u30df\u30a2\u30f3\u306e\u3053\u3068\u306b\u3064\u3044\u3066\u3067\u3057\u305f\u30022023\u5e74\u306e\u898b\u901a\u3057\u309280\u30c9\u30eb\u3068\u3059\u308b\u3068\u3001\u6a2a\u3070\u3044\u304b\u30893%\u5897\u3068\u306a\u308a\u3001\u65e5\u91cf300\u4e07\u304b\u3089310\u4e07\u30d0\u30ec\u30eb\u306b\u306a\u308a\u307e\u3059\u3002\u6295\u8cc7\u5bb6\u5411\u3051\u8aac\u660e\u4f1a\u306e\u30ac\u30a4\u30c0\u30f3\u30b9\u3068\u6bd4\u8f03\u3059\u308b\u3068\u3001\u82e5\u5e72\u306e\u8abf\u6574\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<p>2022\u5e74\u306b\u30b9\u30bf\u30fc\u30c8\u30a2\u30c3\u30d7\u3059\u308b\u3068\u8003\u3048\u3066\u3044\u305f\u30de\u30c3\u30c9\u30c9\u30c3\u30b02\u306e\u3088\u3046\u306a\u30d7\u30ed\u30b8\u30a7\u30af\u30c8\u306e\u5ef6\u671f\u304c\u3044\u304f\u3064\u304b\u3042\u308a\u30012023\u5e74\u306e\u30b9\u30bf\u30fc\u30c8\u30a2\u30c3\u30d7\u306b\u306a\u308a\u305d\u3046\u3067\u3059\u3002\u5de5\u5834\u306e\u30c0\u30a6\u30f3\u30bf\u30a4\u30e0\u304c2022\u5e74\u304b\u30892023\u5e74\u306b\u305a\u308c\u8fbc\u3093\u3067\u3044\u307e\u3059\u3002\u305d\u3057\u3066\u30012023\u5e74\u306b\u306f\u30d1\u30fc\u30df\u30a2\u30f3\u306e\u6210\u9577\u7387\u304c\u5c11\u3057\u4e0b\u304c\u308b\u3068\u601d\u308f\u308c\u307e\u3059\u30022\u3064\u307b\u3069\u3042\u308a\u307e\u3059\u3002<\/p>\n<p>1\u3064\u306f\u30012022\u5e74\u306b\u3001\u305d\u308c\u307e\u3067\u7720\u3063\u3066\u3044\u305f\u591a\u304f\u306e\u5148\u884cDUC\u304c\u30aa\u30f3\u30e9\u30a4\u30f3\u306b\u306a\u3063\u305f\u3053\u3068\u3067\u30012022\u5e74\u306e\u521d\u671f\u751f\u7523\u91cf\u3092\u3082\u3046\u5c11\u3057\u5897\u3084\u3059\u3053\u3068\u304c\u3067\u304d\u307e\u3057\u305f\u3002\u307e\u305f\u3001\u5751\u4e95\u3068\u30d9\u30f3\u30c1\u306e\u76f8\u4e92\u4f5c\u7528\u3001\u30e9\u30c6\u30e9\u30eb\u306e\u9593\u9694\u3001\u5358\u4e00\u307e\u305f\u306f\u8907\u6570\u306e\u30d9\u30f3\u30c1\u306e\u958b\u767a\u65b9\u6cd5\u306a\u3069\u306b\u3064\u3044\u3066\u3001\u5f15\u304d\u7d9a\u304d\u5b66\u3093\u3067\u3044\u308b\u3053\u3068\u3092\u8003\u616e\u3057\u3066\u3001\u958b\u767a\u8a08\u753b\u306e\u4e00\u90e8\u3092\u518d\u6700\u9069\u5316\u3057\u307e\u3059\u3002\u305d\u306e\u305f\u3081\u3001\u4fee\u6b63\u5f8c\u306e\u8a08\u753b\u3067\u306f\u3001\u76ee\u6a19\u3092\u3088\u308a\u6df1\u304f\u8a2d\u5b9a\u3057\u3001\u30ea\u30b0\u3092\u3082\u3046\u5c11\u3057\u79fb\u52d5\u3055\u305b\u3001\u30b7\u30f3\u30b0\u30eb\u30d9\u30f3\u30c1\u306e\u958b\u767a\u3092\u5c11\u3057\u5897\u3084\u3059\u4e88\u5b9a\u3067\u3059\u3002\u3053\u306e\u3088\u3046\u306b\u3001\u751f\u7523\u91cf\u306e\u80cc\u5f8c\u306b\u3042\u308b\u3082\u306e\u306f\u3001\u6700\u9ad8\u30ec\u30d9\u30eb\u306e\u3082\u306e\u3067\u3059\u3002<\/p>\n<p>\u3053\u306e\u70b9\u306b\u3064\u3044\u3066\u306f\u30011\u30f5\u6708\u5f8c\u306b\u304a\u4f1a\u3044\u3057\u305f\u3068\u304d\u306b\u8a73\u3057\u304f\u304a\u8a71\u3057\u3057\u305f\u3044\u3068\u601d\u3044\u307e\u3059\u3002\u30d1\u30fc\u30df\u30a2\u30f3\u306f\u305d\u306e\u4e00\u90e8\u3068\u3057\u3066\u53d6\u308a\u4e0a\u3052\u307e\u3057\u305f\u306e\u3067\u3001\u3053\u306e\u8fba\u3067\u3084\u3081\u3068\u304d\u307e\u3059\u3002\u3042\u308a\u304c\u3068\u3046\u3001\u30c7\u30f4\u30a3\u30f3\u3002\u30b1\u30a4\u30c6\u30a3\u3001\u6b21\u306e\u8cea\u554f\u3092\u3069\u3046\u305e\u3002<\/p>\n<p>\u30b1\u30a4\u30c6\u30a3\u3001\u805e\u3053\u3048\u307e\u3059\u304b\uff1f<\/p>\n<p>\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n<p>\u305d\u308c\u3067\u306f\u3001\u30b4\u30fc\u30eb\u30c9\u30de\u30f3\u30fb\u30b5\u30c3\u30af\u30b9\u306e\u30cb\u30fc\u30eb\u30fb\u30e1\u30fc\u30bf\u304b\u3089\u6b21\u306e\u8cea\u554f\u3092\u304a\u53d7\u3051\u3057\u307e\u3059\u3002<\/p>\n<p>Neil Mehta &#8212; Goldman Sachs &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u306f\u3044\u3002\u304a\u306f\u3088\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u826f\u3044\u4e00\u5e74\u3060\u3063\u305f\u3088\u3046\u3067\u3001\u304a\u3081\u3067\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u30de\u30a4\u30af\u3001\u6700\u521d\u306e\u8cea\u554f\u306f\u3001\u4e16\u754c\u306e\u30ac\u30b9\u306b\u3064\u3044\u3066\u3067\u3059\u3002\u5e02\u5834\u3092\u3069\u306e\u3088\u3046\u306b\u898b\u3066\u3044\u308b\u304b\u3001\u6559\u3048\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n<p>\u660e\u3089\u304b\u306b\u5927\u5909\u306a\u30dc\u30e9\u30c6\u30a3\u30ea\u30c6\u30a3\u304c\u3042\u308a\u307e\u3059\u3002\u307e\u305f\u3001\u5951\u7d04\u3068\u30b9\u30dd\u30c3\u30c8\u3067\u3069\u306e\u3088\u3046\u306a\u30dd\u30b8\u30b7\u30e7\u30f3\u3092\u3068\u3063\u3066\u3044\u308b\u306e\u304b\u3001\u6559\u3048\u3066\u304f\u3060\u3055\u3044\u3002\u305d\u308c\u304b\u3089\u3001\u6771\u5730\u4e2d\u6d77\u306e\u30ac\u30b9\u306b\u3064\u3044\u3066\u3082\u30d5\u30a9\u30ed\u30fc\u30a2\u30c3\u30d7\u3092\u304a\u9858\u3044\u3057\u307e\u3059\u3002<\/p>\n<p>\u30de\u30a4\u30af\u30fb\u30ef\u30fc\u30b9 &#8212; 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Mehta &#8212; Goldman Sachs &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u3042\u308a\u304c\u3068\u3046\u3001\u30de\u30a4\u30af\u3002Leviathan\u3068Tamar\u306eNoble\u8cb7\u53ce\u306b\u7d9a\u304d\u3001\u6771\u5730\u4e2d\u6d77\u3067\u5927\u304d\u306a\u30ac\u30b9\u30dd\u30b8\u30b7\u30e7\u30f3\u3092\u7372\u5f97\u3057\u3001\u3055\u3089\u306b\u3044\u304f\u3064\u304b\u306e\u767a\u898b\u3082\u3042\u308a\u307e\u3057\u305f\u306d\u3002\u3053\u306e\u8cc7\u7523\u3092\u3069\u306e\u3088\u3046\u306b\u6d3b\u7528\u3057\u3088\u3046\u3068\u8003\u3048\u3066\u3044\u307e\u3059\u304b\uff1f\u512a\u5148\u9806\u4f4d\u3092\u3064\u3051\u308b\u3068\u3057\u305f\u3089\u3001\u3069\u306e\u3042\u305f\u308a\u306b\u306a\u308b\u306e\u3067\u3057\u3087\u3046\u304b\uff1f\u307e\u305f\u3001\u305d\u306e\u898f\u6a21\u306f\u3069\u306e\u7a0b\u5ea6\u306b\u306a\u308b\u306e\u3067\u3057\u3087\u3046\u304b\uff1f<\/p>\n<p>\u30de\u30a4\u30af\u30fb\u30ef\u30fc\u30b9 &#8212; 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Mehta &#8212; \u30b4\u30fc\u30eb\u30c9\u30de\u30f3\u30fb\u30b5\u30c3\u30af\u30b9 &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u306a\u308b\u307b\u3069\u3002\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u30de\u30a4\u30af\u3001\u3042\u308a\u304c\u3068\u3046\u3002<\/p>\n<p>Mike Wirth &#8212; \u4f1a\u9577\u517c\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u308f\u304b\u308a\u307e\u3057\u305f\u3002\u30cb\u30fc\u30eb\u3001\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002<\/p>\n<p>\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n<p>\u6b21\u306e\u8cea\u554f\u306fBank of America\u306eDoug Leggate\u304b\u3089\u304a\u9858\u3044\u3057\u307e\u3059\u3002<\/p>\n<p>\u30c0\u30b0\u30fb\u30ec\u30b2\u30fc\u30c8 &#8212; \u30d0\u30f3\u30af\u30fb\u30aa\u30d6\u30fb\u30a2\u30e1\u30ea\u30ab\u30fb\u30e1\u30ea\u30eb\u30ea\u30f3\u30c1 &#8212; 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&#8212; \u4f1a\u9577\u517c\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u3002\u6628\u5e74\u306f\u3001\u30d1\u30a4\u30d7\u30e9\u30a4\u30f3\u3068\u30bf\u30fc\u30df\u30ca\u30eb\u306b\u95a2\u3059\u308b\u3055\u307e\u3056\u307e\u306a\u554f\u984c\u306b\u3064\u3044\u3066\u3001\u30a4\u30f3\u30d1\u30af\u30c8\u3088\u308a\u3082\u30cb\u30e5\u30fc\u30b9\u304c\u591a\u304b\u3063\u305f\u3068\u601d\u3044\u307e\u3059\u3002\u7b2c3\u56db\u534a\u671f\u5f8c\u534a\u304b\u3089\u7b2c4\u56db\u534a\u671f\u306b\u304b\u3051\u3066\u30013\u3064\u3042\u308b\u30b7\u30f3\u30b0\u30eb\u30dd\u30a4\u30f3\u30c8\u30e2\u30fc\u30cb\u30f3\u30b0\u306e\u3046\u30612\u3064\u306b\u3064\u3044\u3066\u4f5c\u696d\u304c\u884c\u308f\u308c\u307e\u3057\u305f\u304c\u3001\u305d\u306e\u4f5c\u696d\u306f\u3059\u3079\u3066\u7d42\u4e86\u3057\u307e\u3057\u305f\u3002\u305d\u306e\u4f5c\u696d\u306f\u3059\u3079\u3066\u7d42\u4e86\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u4eca\u65e5\u30013\u3064\u306eSPM\u306f\u3059\u3079\u3066\u7a3c\u50cd\u3057\u3066\u3044\u307e\u3059\u3002\u7a4d\u8377\u306b\u5236\u7d04\u304c\u3042\u308b\u308f\u3051\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u30d1\u30a4\u30d7\u306e\u30b9\u30eb\u30fc\u30d7\u30c3\u30c8\u306b\u3082\u5236\u7d04\u304c\u3042\u308a\u307e\u305b\u3093\u3002\u6628\u5e74\u3001\u591a\u304f\u306e\u4eba\u3005\u304c\u8033\u306b\u3057\u3001\u5fc3\u914d\u3057\u3066\u3044\u305f\u3053\u3068\u3067\u3059\u304c\u3001\u30d1\u30a4\u30d7\u30e9\u30a4\u30f3\u306f\u975e\u5e38\u306b\u4fe1\u983c\u6027\u304c\u9ad8\u304b\u3063\u305f\u306e\u3067\u3059\u3002<\/p>\n<p>\u5e74\u9593\u3092\u901a\u3058\u3066\u751f\u7523\u3078\u306e\u5f71\u97ff\u306f\u65e5\u91cf1\u4e07\u30d0\u30ec\u30eb\u672a\u6e80\u3067\u3057\u305f\u30023\u6708\u30684\u6708\u306e\u6570\u9031\u9593\u3060\u3051\u3067\u3057\u305f\u3002\u73fe\u5728\u3001\u30d1\u30a4\u30d7\u30e9\u30a4\u30f3\u306f\u975e\u5e38\u306b\u9806\u8abf\u306b\u7a3c\u52d5\u3057\u3066\u304a\u308a\u3001\u4f55\u306e\u5236\u7d04\u3082\u3042\u308a\u307e\u305b\u3093\u3002CPC\u306f\u5c11\u3057\u5024\u5f15\u304d\u304c\u5165\u3063\u3066\u304d\u307e\u3057\u305f\u3002<\/p>\n<p>\u30a6\u30af\u30e9\u30a4\u30ca\u306b\u95a2\u9023\u3059\u308b\u5236\u88c1\u3084\u5909\u5316\u306e\u76f4\u5f8c\u306b\u306f\u3001\u305d\u306e\u3088\u3046\u306a\u53d6\u5f15\u304c\u3042\u308a\u307e\u3057\u305f\u3002\u30d6\u30ec\u30f3\u30c8\u3088\u308a4\u30c9\u30eb\u304b\u308910\u30c9\u30eb\u307b\u3069\u5b89\u3044\u4fa1\u683c\u5e2f\u3067\u53d6\u5f15\u3055\u308c\u3066\u3044\u307e\u3057\u305f\u3002\u7d1b\u4e89\u304c\u59cb\u307e\u308b\u524d\u306f\u30d7\u30e9\u30b9\u30de\u30a4\u30ca\u30b91\u30c9\u30eb\u3067\u3057\u305f\u304c\u3001\u4eca\u306f1\u30c9\u30eb\u304b\u30893\u30c9\u30eb\u306e\u30c7\u30a3\u30b9\u30ab\u30a6\u30f3\u30c8\u304c\u898b\u3089\u308c\u307e\u3059\u3002<\/p>\n<p>\u3064\u307e\u308a\u3001\u4fb5\u653b\u524d\u306e\u30ec\u30d9\u30eb\u306b\u306f\u9054\u3057\u3066\u3044\u307e\u305b\u3093\u304c\u3001\u4fb5\u653b\u76f4\u5f8c\u307b\u3069\u306e\u6df1\u3055\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u5168\u4f53\u7684\u306a\u4fa1\u683c\u74b0\u5883\u306f\u6a2a\u3070\u3044\u3067\u3042\u308a\u3001\u4fa1\u683c\u304c\u4e0a\u6607\u3057\u3066\u3044\u308b\u3053\u3068\u304b\u3089\u3001CCO\u3078\u306e\u5f71\u97ff\u306f\u6bd4\u8f03\u7684\u8efd\u5fae\u3067\u3042\u308b\u3068\u8a00\u3048\u307e\u3059\u3002<\/p>\n<p>\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n<p>\u6b21\u306f\u3001\u30a6\u30a7\u30eb\u30ba\u30fb\u30d5\u30a1\u30fc\u30b4\u306e\u30ed\u30b8\u30e3\u30fc\u30fb\u30ea\u30fc\u30c9\u304b\u3089\u8cea\u554f\u3092\u304a\u53d7\u3051\u3057\u307e\u3059\u3002<\/p>\n<p>Roger Read &#8212; Wells Fargo Securities &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u306f\u3044\u3002\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u304a\u306f\u3088\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u305d\u308c\u3067\u306f&#8230;<\/p>\n<p>Mike Wirth &#8212; \u4f1a\u9577\u517c\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u304a\u306f\u3088\u3046\u3054\u3056\u3044\u307e\u3059\u3001\u30ed\u30b8\u30e3\u30fc\u3002<\/p>\n<p>\u30ed\u30b8\u30e3\u30fc\u30fb\u30ea\u30fc\u30c9 &#8212; \u30a6\u30a7\u30eb\u30ba\u30fb\u30d5\u30a1\u30fc\u30b4\u8a3c\u5238 &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u304a\u306f\u3088\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u7cbe\u88fd\u54c1\u306e\u9700\u8981\u306b\u3064\u3044\u3066\u304a\u805e\u304d\u3057\u305f\u3044\u306e\u3067\u3059\u304c\u3002\u5148\u307b\u3069\u30ac\u30b9\u9700\u8981\u306b\u3064\u3044\u3066\u304a\u8a71\u304c\u3042\u308a\u307e\u3057\u305f\u3002\u4e16\u754c\u4e2d\u3092\u898b\u6e21\u3059\u3068\u3001\u524d\u5e74\u6bd4\u3067COVID\u304b\u3089\u30d7\u30e9\u30b9\u306b\u8ee2\u3058\u3001\u3055\u3089\u306b\u4e2d\u56fd\u306e\u518d\u958b\u306b\u5927\u304d\u306a\u671f\u5f85\u3092\u5bc4\u305b\u3066\u3044\u307e\u3059\u306d\u3002<\/p>\n<p>\u307e\u305f\u3001\u4e2d\u56fd\u3067\u306e\u518d\u958b\u306b\u5927\u304d\u306a\u671f\u5f85\u3092\u5bc4\u305b\u3066\u3044\u307e\u3059\u3002\u305d\u3053\u3067\u3001\u4e8b\u696d\u57fa\u76e4\u5168\u4f53\u306b\u3064\u3044\u3066\u3001\u3069\u306e\u3088\u3046\u306b\u898b\u3066\u304a\u3089\u308c\u308b\u306e\u304b\u3001\u304a\u805e\u304b\u305b\u304f\u3060\u3055\u3044\u3002<\/p>\n<p>Mike Wirth &#8212; \u4f1a\u9577\u517c\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u3002\u5168\u4f53\u3068\u3057\u3066\u3001\u30ed\u30b8\u30e3\u30fc\u3001\u30ac\u30bd\u30ea\u30f3\u306e\u9700\u8981\u306f\u3001\u307e\u305a\u3001\u30d1\u30f3\u30c7\u30df\u30c3\u30af\u524d\u306e\u30ec\u30d9\u30eb\u3092\u5c11\u3057\u4e0b\u56de\u308b\u7a0b\u5ea6\u3067\u3059\u30022022\u5e74\u7b2c4\u56db\u534a\u671f\u306f\u30012019\u5e74\u7b2c4\u56db\u534a\u671f\u3088\u308a2\uff05\u304b3\uff05\u4f4e\u3044\u6c34\u6e96\u306b\u306a\u308b\u3068\u601d\u308f\u308c\u307e\u3059\u3002\u30c7\u30a3\u30fc\u30bc\u30eb\u3092\u898b\u308b\u3068\u3001\u9700\u8981\u306f\u30d1\u30f3\u30c7\u30df\u30c3\u30af\u524d\u3068\u6bd4\u8f03\u3057\u3066\u304b\u306a\u308a\u6a2a\u3070\u3044\u3067\u3059\u3002<\/p>\n<p>\u30b8\u30a7\u30c3\u30c8\u6a5f\u306f\u3001\u56de\u5fa9\u3057\u3066\u3044\u307e\u3059\u304c\u3001\u307e\u3060\u4e0b\u56de\u3063\u3066\u3044\u307e\u3059\u3002\u3064\u307e\u308a\u3001\u6700\u3082\u9ad8\u3044\u30ec\u30d9\u30eb\u3067\u306f\u3001COVID\u4ee5\u524d\u3068\u6bd4\u8f03\u3057\u3066\u3001\u307e\u3060\u6a2a\u3070\u3044\u304b\u3089\u56de\u5fa9\u3057\u3066\u3044\u308b\u3088\u3046\u306a\u72b6\u614b\u3067\u3059\u3002\u4e2d\u56fd\u7d4c\u6e08\u304c\u56de\u5fa9\u3057\u3001\u3088\u308a\u6b63\u5e38\u306a\u6c34\u6e96\u306b\u623b\u308c\u3070\u3001\u3053\u308c\u3089\u306e\u5e02\u5834\u306b\u518d\u3073\u9700\u8981\u306e\u5897\u52a0\u304c\u3082\u305f\u3089\u3055\u308c\u308b\u306e\u3067\u306f\u306a\u3044\u304b\u3068\u3044\u3046\u61f8\u5ff5\u304c\u3042\u308b\u306e\u306f\u305d\u306e\u305f\u3081\u3060\u3068\u601d\u3044\u307e\u3059\u3002\u4e2d\u56fd\u304b\u3089\u305d\u306e\u610f\u5411\u3092\u793a\u3059\u767a\u8868\u304c\u3042\u308a\u307e\u3057\u305f\u3002<\/p>\n<p>\u56fd\u969b\u4fbf\u3084\u822a\u7a7a\u4fbf\u306e\u30b9\u30b1\u30b8\u30e5\u30fc\u30eb\u306f\u3001\u4ee5\u524d\u3088\u308a\u306f\u308b\u304b\u306b\u9ad8\u3044\u6c34\u6e96\u3067\u7d44\u307e\u308c\u3066\u3044\u307e\u3059\u3002\u3082\u3057\u3001\u4e16\u754c\u306e\u4ed6\u306e\u56fd\u3005\u3067\u898b\u3089\u308c\u308b\u3088\u3046\u306a\u7d4c\u6e08\u6d3b\u52d5\u306e\u56de\u5fa9\u304c\u898b\u3089\u308c\u308b\u306a\u3089\u3001\u305d\u308c\u306f\u4e16\u754c\u7d4c\u6e08\u3092\u6d3b\u6027\u5316\u3055\u305b\u3001\u88fd\u54c1\u9700\u8981\u3092\u5e95\u4e0a\u3052\u3059\u308b\u8981\u56e0\u306e\u3072\u3068\u3064\u306b\u306a\u308b\u3067\u3057\u3087\u3046\u3002\u3067\u3059\u304b\u3089\u3001\u65b9\u7a0b\u5f0f\u306b\u306f\u307e\u3060\u3044\u304f\u3064\u304b\u306e\u5909\u6570\u304c\u3042\u308a\u307e\u3059\u3002\u666f\u6c17\u5f8c\u9000\u306e\u30ea\u30b9\u30af\u306f\u307e\u3060\u6b8b\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u4e2d\u592e\u9280\u884c\u306f\u3001\u4e16\u754c\u306e\u4e00\u90e8\u306e\u5730\u57df\u3067\u666f\u6c17\u6e1b\u901f\u306e\u305f\u3081\u306b\u5f15\u304d\u7de0\u3081\u3092\u7d9a\u3051\u3066\u3044\u308b\u3053\u3068\u306f\u660e\u3089\u304b\u3067\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u591a\u5c11\u306e\u5909\u52d5\u306f\u3042\u308a\u307e\u3059\u3002\u3057\u304b\u3057\u3001\u30cd\u30c3\u30c8\u3067\u898b\u308b\u3068\u3001\u4e2d\u56fd\u3068\u30a2\u30e1\u30ea\u30ab\u3068\u3044\u30462\u5927\u7d4c\u6e08\u5927\u56fd\u306b\u95a2\u9023\u3059\u308b2\u3064\u306e\u5927\u304d\u306a\u7591\u554f\u304c\u3042\u308a\u3001\u56de\u5fa9\u306e\u65b9\u5411\u306b\u5411\u304b\u3063\u3066\u3044\u308b\u3053\u3068\u304c\u308f\u304b\u308a\u307e\u3059\u3002<\/p>\n<p>Roger Read &#8212; Wells Fargo Securities &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u3044\u3064\u3082\u5927\u7269\u3070\u304b\u308a\u3067\u3059\u306d\u3002\u30da\u30eb\u30df\u30a2\u30f3\u306b\u8a71\u3092\u623b\u3057\u305f\u3044\u306e\u3067\u3059\u304c\u3001\u6295\u8cc7\u5bb6\u5411\u3051\u306e\u8aac\u660e\u4f1a\u304c\u3042\u308b\u306e\u306f\u627f\u77e5\u3057\u3066\u3044\u307e\u3059\u3002\u3057\u304b\u3057\u3001\u30d4\u30a8\u30fc\u30eb\u300111\u6708\u672b\u306e\u30bb\u30eb\u30b5\u30a4\u30c9\u30fb\u30c7\u30a3\u30ca\u30fc\u3067\u306f\u3001\u30ec\u30f3\u30b8\u306e\u5909\u66f4\u306b\u3064\u3044\u3066\u591a\u304f\u306e\u8b70\u8ad6\u304c\u306a\u3055\u308c\u307e\u3057\u305f\u304c\u3001\u305d\u308c\u306f\u30e1\u30c3\u30bb\u30fc\u30b8\u30f3\u30b0\u306e\u6a5f\u80fd\u3067\u3042\u3063\u3066\u3001\u30d1\u30fc\u30df\u30a2\u30f3\u306e\u958b\u767a\u65b9\u6cd5\u306e\u5168\u4f53\u7684\u306a\u5909\u5316\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u300211\u6708\u672b\u306e\u30e1\u30c3\u30bb\u30fc\u30b8\u3068\u4f55\u304b\u9055\u3044\u304c\u3042\u308b\u3068\u304a\u8003\u3048\u3067\u3059\u304b\uff1f\u305d\u308c\u3068\u3082\u3001\u3053\u308c\u306f&#8230;&#8230;\u3064\u307e\u308a\u3001\u4f55\u304b\u4ed6\u306e\u3082\u306e\u304c\u3042\u308b\u306e\u3067\u3057\u3087\u3046\u304b\uff1f<\/p>\n<p>Pierre Breber &#8212; 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&#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u4f1d\u7d71\u7684\u306a\u30a8\u30cd\u30eb\u30ae\u30fc\u306b\u306f\u8a31\u8a8d\u53ef\u304c\u4e0d\u53ef\u6b20\u3067\u3059\u304c\u3001\u65b0\u30a8\u30cd\u30eb\u30ae\u30fc\u306b\u306f\u975e\u5e38\u306b\u91cd\u8981\u3067\u3059\u3002\u65b0\u6280\u8853\u306e\u958b\u767a\u3067\u306f\u3001CO2\u56de\u53ce\u306e\u30b3\u30b9\u30c8\u3092\u4e0b\u3052\u308b\u305f\u3081\u306e\u6280\u8853\u306b\u6295\u8cc7\u3057\u3001\u3055\u3089\u306b\u898f\u6a21\u3092\u62e1\u5927\u3057\u3066\u30b3\u30b9\u30c8\u3092\u4e0b\u3052\u308b\u3068\u3044\u3046\u3053\u3068\u3092\u898b\u3066\u304d\u307e\u3057\u305f\u3002\u3067\u3059\u304b\u3089\u3001\u3053\u308c\u306f\u5f79\u306b\u7acb\u3064\u306e\u3067\u3059\u304c\u3001\u30de\u30a4\u30af\u304c\u8a00\u3063\u305f\u3088\u3046\u306b\u3001\u3072\u3068\u3064\u306e\u8981\u7d20\u306b\u904e\u304e\u307e\u305b\u3093\u3002<\/p>\n<p>\u30de\u30a4\u30af\u30fb\u30ef\u30fc\u30b9 &#8212; \u4f1a\u9577\u517c\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u3042\u308a\u304c\u3068\u3046\u3001\u30a4\u30ec\u30fc\u30cd\u3002<\/p>\n<p>Irene Himona &#8212; Societe Generale &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002<\/p>\n<p>\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n<p>\u6b21\u306e\u8cea\u554f\u306f\u3001Piper Sandler\u306eRyan Todd\u304b\u3089\u3067\u3059\u3002<\/p>\n<p>Ryan Todd &#8212; Piper Sandler &#8212; 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&#8212; 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Todd &#8212; Piper Sandler &#8212; 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Affiliate Accounting\uff09\u3092\u63a1\u7528\u3057\u3066\u3044\u307e\u3059\u3002\u3064\u307e\u308a\u3001\u73fe\u91d1\u3092\u53d7\u3051\u53d6\u3063\u305f\u5834\u5408\u306b\u306e\u307f\u53ce\u76ca\u3092\u8a08\u4e0a\u3057\u307e\u3059\u3002\u305d\u3057\u3066\u3001\u73fe\u6642\u70b9\u3067\u306f\u3001\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u306f\u63a7\u3048\u3081\u306a\u3082\u306e\u306b\u306a\u308b\u3068\u601d\u308f\u308c\u307e\u3059\u3002\u3064\u307e\u308a\u3001\u3053\u308c\u306f\u305d\u3053\u305d\u3053\u306e\u74b0\u5883\u306e\u6bb5\u968e\u7684\u306a\u5909\u5316\u306a\u306e\u3067\u3059\u3002<\/p>\n<p>\u614e\u91cd\u306b\u9032\u3081\u3066\u3044\u304f\u3064\u3082\u308a\u3067\u3059\u30026\u30f6\u6708\u306e\u30e9\u30a4\u30bb\u30f3\u30b9\u3067\u3059\u3057\u3001\u30c0\u30a4\u30ca\u30df\u30c3\u30af\u306a\u74b0\u5883\u3067\u3059\u304b\u3089\u306d\u3002\u3067\u3059\u304b\u3089\u3001\u79c1\u305f\u3061\u306f\u3082\u3063\u3068\u591a\u304f\u306e\u3053\u3068\u3092\u77e5\u308a\u3001\u4e8b\u614b\u304c\u9032\u5c55\u3059\u308b\u306b\u3064\u308c\u3066\u3001\u5f15\u304d\u7d9a\u304d\u3042\u306a\u305f\u306b\u52a9\u8a00\u3057\u3066\u3044\u304f\u3064\u3082\u308a\u3067\u3059\u3002<\/p>\n<p>Jason Gabelman &#8212; Cowen and Company &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u7d20\u6674\u3089\u3057\u3044\u3002\u8a73\u7d30\u306a\u60c5\u5831\u3092\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002<\/p>\n<p>Mike Wirth &#8212; \u4f1a\u9577\u517c\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u305d\u306e\u901a\u308a\u3067\u3059\u3002<\/p>\n<p>\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n<p>\u6b21\u306e\u8cea\u554f\u306f\u3001Wolfe Research\u306eSam Margolin\u304b\u3089\u3067\u3059\u3002<\/p>\n<p>Sam Margolin &#8212; Wolfe Research &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u304a\u306f\u3088\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002<\/p>\n<p>\u30de\u30a4\u30af\u30fb\u30ef\u30fc\u30b9 &#8212; \u4f1a\u9577\u517c\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u304a\u306f\u3088\u3046\u3054\u3056\u3044\u307e\u3059\u3001\u30b5\u30e0\u3055\u3093\u3002<\/p>\n<p>Sam Margolin &#8212; Wolfe Research &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u30ed\u30c3\u30ad\u30fc\u5c71\u8108\u306b\u3064\u3044\u3066\u304a\u805e\u304d\u3057\u307e\u3059\u3002\u30ed\u30c3\u30ad\u30fc\u30ba\u3068\u3044\u3046\u306e\u306f\u9762\u767d\u3044\u3067\u3059\u306d\u3002\u30ed\u30c3\u30ad\u30fc\u5c71\u8108\u306f\u3001\u30ed\u30fc\u30ef\u30fc48\u306e\u6d3b\u52d5\u30ec\u30d9\u30eb\u306b\u898b\u5408\u3046\u3060\u3051\u306e\u6d3b\u52d5\u3092\u8ffd\u52a0\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u308b\u5834\u6240\u3067\u3059\u304c\u3001\u30a4\u30f3\u30d5\u30ec\u5727\u529b\u304c\u306a\u3044\u306e\u304c\u7279\u5fb4\u3067\u3059\u3002\u307e\u305f\u3001\u30d1\u30fc\u30df\u30a2\u30f3\u306e\u30a4\u30f3\u30d5\u30e9\u306f\u30bf\u30a4\u30c8\u3067\u3001\u5728\u5eab\u306e\u539a\u307f\u3082\u5341\u5206\u3042\u308a\u307e\u3059\u3002<\/p>\n<p>\u30ed\u30c3\u30ad\u30fc\u5c71\u8108\u306f\u3001\u3082\u3046\u5c11\u3057\u6ce8\u529b\u3059\u3079\u304d\u5834\u6240\u306a\u306e\u3067\u3057\u3087\u3046\u304b\uff1f\u307e\u305f\u3001\u8cc7\u6e90\u91cf\u3084\u751f\u7523\u91cf\u306a\u3069\u3001\u4eca\u65e5\u306e\u5e45\u5e83\u3044\u8a71\u984c\u306e\u4e2d\u3067\u3001\u3088\u308a\u5e83\u3044\u30c6\u30fc\u30de\u306b\u3064\u3044\u3066\u304a\u805e\u304b\u305b\u304f\u3060\u3055\u3044\u3002<\/p>\n<p>Mike Wirth &#8212; \u4f1a\u9577\u517c\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u3048\u3048\u3001\u305d\u306e\u901a\u308a\u3067\u3059\u3001\u30b5\u30e0\u300232\u4e07\u30a8\u30fc\u30ab\u30fc\u4ee5\u4e0a\u306e\u571f\u5730\u3092\u6301\u3063\u3066\u3044\u307e\u3059\u3002\u6628\u5e74\u306f\u5f53\u521d\u3001\u30ea\u30b01\u57fa\u3068\u4f5c\u696d\u54e11\u540d\u3067\u30b9\u30bf\u30fc\u30c8\u3057\u307e\u3057\u305f\u3002\u6628\u5e74\u306f\u30ea\u30b01\u57fa\u3068\u6c34\u5727\u7834\u7815\u6a5f1\u53f0\u3067\u30b9\u30bf\u30fc\u30c8\u3057\u307e\u3057\u305f\u304c\u3001\u4eca\u5e74\u306f3\u57fa\u306e\u30ea\u30b0\u30682\u4eba\u306e\u6c34\u5727\u7834\u7815\u6a5f\u30af\u30eb\u30fc\u304c\u7a3c\u50cd\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u305d\u3057\u3066\u3001\u4eca\u5e74\u306e\u8a08\u753b\u3082\u305d\u306e\u30ec\u30d9\u30eb\u3067\u6d3b\u52d5\u3059\u308b\u4e88\u5b9a\u3067\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u6d3b\u52d5\u72b6\u6cc1\u3084\u751f\u7523\u91cf\u3078\u306e\u671f\u5f85\u3068\u3044\u3046\u70b9\u3067\u306f\u3001\u30dd\u30b8\u30c6\u30a3\u30d6\u306a\u52d5\u304d\u3092\u3057\u3066\u3044\u307e\u3059\u3002\u672c\u5f53\u306b\u7d20\u6674\u3089\u3057\u3044\u8cc7\u6e90\u3067\u3059\u3002\u4f4e\u70ad\u7d20\u306e\u8cc7\u6e90\u3067\u3059\u3002<\/p>\n<p>\u4f4e\u70ad\u7d20\u8cc7\u6e90\u3067\u3042\u308a\u3001\u30b0\u30ea\u30c3\u30c9\u304b\u3089\u96fb\u529b\u3092\u4f9b\u7d66\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002\u3053\u306e\u70b9\u306b\u3064\u3044\u3066\u306f\u3001\u904e\u53bb\u306b\u8a31\u8a8d\u53ef\u306e\u554f\u984c\u304c\u3042\u308a\u307e\u3057\u305f\u3002\u3057\u304b\u3057\u3001\u958b\u767a\u8a08\u753b\u306e\u3082\u3068\u3067\u5927\u898f\u6a21\u306a\u958b\u767a\u304c\u884c\u308f\u308c\u3001\u5c06\u6765\u306b\u308f\u305f\u3063\u3066\u8a31\u53ef\u3092\u5f97\u3066\u3044\u307e\u3059\u3057\u3001\u4eca\u5f8c\u3082\u73fe\u5730\u5f53\u5c40\u3068\u5bc6\u63a5\u306b\u5354\u529b\u3057\u3066\u3044\u304d\u307e\u3059\u3002\u3053\u306e\u4ef6\u306b\u3064\u3044\u3066\u306f\u3001\u6295\u8cc7\u5bb6\u5411\u3051\u8aac\u660e\u4f1a\u3067\u3082\u3046\u5c11\u3057\u8a73\u3057\u304f\u304a\u8a71\u3057\u307e\u3059\u3002<\/p>\n<p>\u3053\u306e\u30d7\u30ed\u30b8\u30a7\u30af\u30c8\u306f\u3001Noble\u306e\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306b\u52a0\u308f\u308b\u975e\u5e38\u306b\u524d\u5411\u304d\u306a\u30d7\u30ed\u30b8\u30a7\u30af\u30c8\u3067\u3001\u6771\u6b27\u306f\u975e\u5e38\u306b\u6ce8\u76ee\u3055\u308c\u3066\u3044\u307e\u3059\u3002\u3057\u304b\u3057\u3001\u79c1\u305f\u3061\u306f\u3053\u306eDJ\u306b\u3068\u3066\u3082\u671f\u5f85\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>Sam Margolin &#8212; Wolfe Research &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u308f\u304b\u308a\u307e\u3057\u305f\u3002\u3068\u3044\u3046\u306e\u3082\u3001\u30ea\u30b6\u30fc\u30d6\u306e\u6570\u5b57\u304c\u6ce8\u76ee\u3055\u308c\u308b\u4e00\u65b9\u3067\u3001\u5168\u4f53\u7684\u306a\u6d3b\u52d5\u306e\u30da\u30fc\u30b9\u3084\u9577\u671f\u7684\u306a\u751f\u7523\u52d5\u5411\u304c\u6ce8\u76ee\u3055\u308c\u308b\u306e\u306f\u5f53\u7136\u3067\u3057\u3087\u3046\u3002\u3057\u304b\u3057\u3001\u3053\u308c\u306b\u3064\u3044\u3066\u306f\u30a2\u30ca\u30ea\u30b9\u30c8\u30fb\u30c7\u30fc\u306e\u3068\u304d\u306b\u8aac\u660e\u3059\u308b\u3053\u3068\u306b\u306a\u308b\u3067\u3057\u3087\u3046\u3002\u3057\u304b\u3057\u3001\u30e1\u30ad\u30b7\u30b3\u6e7e\u3084\u305d\u306e\u4ed6\u306e\u30b7\u30a7\u30fc\u30eb\u30ac\u30b9\u3001\u30bf\u30a4\u30c8\u30ac\u30b9\u3001\u6771\u90e8\u5730\u4e2d\u6d77\u306e\u30ac\u30b9\u306a\u3069\u3001\u3059\u3079\u3066\u306e\u8cc7\u6e90\u3092\u5408\u8a08\u3057\u3066\u3001\u305d\u306e\u7dcf\u91cf\u3092\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306b\u53cd\u6620\u3055\u305b\u308b\u65b9\u6cd5\u306f\u3042\u308b\u306e\u3067\u3057\u3087\u3046\u304b\u3002<\/p>\n<p>\u30de\u30a4\u30af\u30fb\u30ef\u30fc\u30b9 &#8212; \u4f1a\u9577\u517c\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u3001Roderick\u306b\u3082\u5354\u529b\u3057\u3066\u3082\u3089\u3044\u3001Investor Day\u3067\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u3068\u306e\u6bd4\u8f03\u3084\u30b5\u30a4\u30ba\u3092\u3069\u3046\u3059\u308b\u304b\u3068\u3044\u3046\u8cea\u554f\u3092\u660e\u78ba\u306b\u3057\u3066\u304a\u304d\u305f\u3044\u3068\u601d\u3044\u307e\u3059\u3002\u3057\u304b\u3057\u3001\u4eca\u65e5\u306e\u30d7\u30ec\u30b9\u30ea\u30ea\u30fc\u30b9\u3067\u3001\u4eca\u5f8c5\u5e74\u9593\u306f\u5e74\u5e73\u5747\u6210\u9577\u73873%\u3092\u8d85\u3048\u3089\u308c\u308b\u3068\u78ba\u4fe1\u3057\u3066\u3044\u308b\u3068\u8ff0\u3079\u307e\u3057\u305f\u3002\u305d\u306e\u305f\u3081\u306b\u306f\u3001\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306b\u539a\u307f\u3092\u6301\u305f\u305b\u306a\u3051\u308c\u3070\u306a\u308a\u307e\u305b\u3093\u3002<\/p>\n<p>\u307e\u305f\u3001\u8cea\u306e\u9ad8\u3044\u30d7\u30ed\u30b8\u30a7\u30af\u30c8\u304c\u3042\u308a\u3001\u305d\u308c\u3089\u306f\u826f\u3044\u30da\u30fc\u30b9\u3067\u9032\u3093\u3067\u3044\u307e\u3059\u3002\u3053\u306e\u70b9\u306b\u3064\u3044\u3066\u306f\u3001\u6295\u8cc7\u5bb6\u5411\u3051\u306e\u8aac\u660e\u4f1a\u3067\u8a73\u3057\u304f\u304a\u8a71\u3057\u307e\u3059\u3002\u3053\u306e\u70b9\u306b\u3064\u3044\u3066\u306f\u3001\u30a4\u30f3\u30d9\u30b9\u30bf\u30fc\u30fb\u30c7\u30a4\u3067\u3082\u3063\u3068\u8a73\u3057\u304f\u304a\u8a71\u3057\u3057\u307e\u3059\u3002<\/p>\n<p>\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n<p>\u6b21\u306f\u3001Sankey Research\u306ePaul Sankey\u304b\u3089\u8cea\u554f\u3092\u304a\u53d7\u3051\u3057\u307e\u3059\u3002<\/p>\n<p>\u30dd\u30fc\u30eb\u30fb\u30b5\u30f3\u30b1\u30a4 &#8212; \u30b5\u30f3\u30b1\u30a4\u30ea\u30b5\u30fc\u30c1 &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u7686\u3055\u3093\u3001\u304a\u306f\u3088\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u30ed\u30c7\u30ea\u30c3\u30af\u3001\u304a\u3081\u3067\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u30de\u30a4\u30af\u3001\u79c1\u306f\u5927\u898f\u6a21\u306a\u8cb7\u3044\u623b\u3057\u306e\u767a\u8868\u306b\u5c11\u3057\u9a5a\u304d\u307e\u3057\u305f\u3002<\/p>\n<p>\u660e\u3089\u304b\u306b\u3001750\u5104\u30c9\u30eb\u306f\u975e\u5e38\u306b\u6d3e\u624b\u3067\u3059\u3002\u3057\u304b\u3057\u3001\u7b2c1\u56db\u534a\u671f\u306e\u30ac\u30a4\u30c0\u30f3\u30b9\u306b\u3088\u308b\u3068\u3001\u5e74\u959350\u5104\u30c9\u30eb\u304b\u3089150\u5104\u30c9\u30eb\u306e\u7bc4\u56f2\u306b\u3068\u3069\u307e\u308b\u3088\u3046\u3067\u3059\u306d\u3002\u3053\u308c\u306f5\u5e74\u9593\u306e\u30aa\u30fc\u30bd\u30e9\u30a4\u30ba\u306a\u306e\u3067\u3057\u3087\u3046\u304b\uff1f\u305d\u308c\u3068\u3082\u3001\u3053\u308c\u306f5\u5e74\u9593\u306e\u30aa\u30fc\u30bd\u30e9\u30a4\u30ba\u306a\u306e\u3067\u3057\u3087\u3046\u304b\uff1f\u307e\u305f\u3001\u304a\u305d\u3089\u304f\u591a\u304f\u306e\u653f\u6cbb\u7684\u53cd\u767a\u3092\u62db\u304f\u3068\u3044\u3046\u3053\u3068\u3092\u610f\u8b58\u3057\u3066\u3044\u305f\u306e\u3067\u3057\u3087\u3046\u304b\uff1f\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002<\/p>\n<p>Mike Wirth &#8212; \u4f1a\u9577\u517c\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u3002\u5148\u307b\u3069Pierre\u304c\u56de\u7b54\u3057\u305f\u3088\u3046\u306b\u30015\u5e74\u9593\u306e\u627f\u8a8d\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u30aa\u30fc\u30d7\u30f3\u30a8\u30f3\u30c9\u306e\u8a8d\u53ef\u3067\u3059\u3002\u3053\u308c\u306f&#8230;&#8230;\u3064\u307e\u308a\u3001\u5168\u30b5\u30a4\u30af\u30eb\u3067\u7dad\u6301\u3059\u308b\u3064\u3082\u308a\u306a\u306e\u3067\u3059\u3002<\/p>\n<p>\u3082\u3046\u4e00\u5ea6\u8a00\u3063\u3066\u304a\u304d\u307e\u3059\u3002\u307e\u305f\u3001\u904e\u53bb20\u5e74\u4ee5\u4e0a\u306b\u308f\u305f\u3063\u3066\u5e02\u5834\u4fa1\u683c\u3088\u308a2\u30c9\u30eb\u5b89\u3044\u4fa1\u683c\u3067\u5b89\u5b9a\u7684\u306b\u8cb7\u3044\u7d9a\u3051\u3066\u304d\u305f\u5f53\u793e\u306e\u5b9f\u7e3e\u3068\u3082\u4e00\u81f4\u3057\u3066\u3044\u307e\u3059\u3002\u305d\u3057\u3066\u3001\u30ac\u30a4\u30c0\u30f3\u30b9\u306e\u5e45\u3092\u5e83\u3052\u308b\u3053\u3068\u3082\u53ef\u80fd\u3067\u3059\u3002\u3057\u304b\u3057\u3001\u3053\u306e\u3088\u3046\u306a\u9ad8\u6c34\u6e96\u306e\u70ba\u66ff\u30ec\u30fc\u30c8\u3092\u4f55\u5e74\u306b\u3082\u308f\u305f\u3063\u3066\u7dad\u6301\u3067\u304d\u308b\u78ba\u4fe1\u304c\u5fc5\u8981\u3067\u3059\u3002<\/p>\n<p>\u3053\u308c\u306f\u81ea\u4fe1\u306e\u8868\u308c\u3067\u3042\u308a\u3001\u4eca\u5f8c\u3082\u3055\u3089\u306b\u8a71\u3092\u7d9a\u3051\u3066\u3044\u304d\u307e\u3059\u3002\u79c1\u305f\u3061\u306f\u6628\u5e74\u30013\u56de\u306b\u308f\u305f\u3063\u3066\u81ea\u793e\u682a\u8cb7\u3044\u3092\u884c\u3044\u307e\u3057\u305f\u3002\u6628\u5e74\u306f3\u56de\u3001\u81ea\u793e\u682a\u8cb7\u3044\u306e\u6bd4\u7387\u3092\u5f15\u304d\u4e0a\u3052\u307e\u3057\u305f\u304c\u3001\u3053\u306e\u3088\u3046\u306a\u3053\u3068\u3092\u3059\u308b\u3053\u3068\u306b\u62b5\u6297\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u305d\u3057\u3066\u3001\u671f\u5f85\u3057\u3066\u3044\u3066\u304f\u3060\u3055\u3044\u3068\u3044\u3046\u3053\u3068\u3067\u3059\u3002<\/p>\n<p>\u3053\u306e\u30d7\u30ed\u30b0\u30e9\u30e0\u306b\u5bfe\u3059\u308b\u53cd\u5fdc\u3067\u3059\u304c\u3001\u30aa\u30fc\u30d7\u30f3\u30a8\u30f3\u30c9\u306e\u30d7\u30ed\u30b0\u30e9\u30e0\u3067\u3042\u308b\u3053\u3068\u3092\u8003\u3048\u308b\u3068\u3001\u5c11\u3057\u5927\u3052\u3055\u306b\u306a\u308a\u3059\u304e\u3066\u3044\u308b\u3088\u3046\u306a\u6c17\u304c\u3057\u307e\u3059\u3002\u3082\u3063\u3068\u5c0f\u898f\u6a21\u306a\u3082\u306e\u3067\u3082\u3088\u304b\u3063\u305f\u3057\u3001\u3082\u3063\u3068\u65e9\u304f\u5225\u306e\u3082\u306e\u3092\u6e96\u5099\u3059\u308b\u3053\u3068\u3082\u3067\u304d\u305f\u306f\u305a\u3067\u3059\u3002\u30d4\u30a8\u30fc\u30eb\u3082\u8a00\u3063\u3066\u3044\u307e\u3057\u305f\u304c\u3001\u79c1\u305f\u3061\u306f1\u3064\u306e\u30d7\u30ed\u30b0\u30e9\u30e0\u3092\u7d42\u4e86\u3055\u305b\u308b\u3053\u3068\u306b\u3057\u307e\u3057\u305f\u3002\u79c1\u305f\u3061\u306f\u3001\u4f55\u5e74\u3082\u4f7f\u3048\u308b\u3082\u306e\u3092\u63a2\u3057\u305f\u3060\u3051\u306a\u306e\u3067\u3059\u3002<\/p>\n<p>\u307e\u305f\u3001\u6d3e\u624b\u306a\u6f14\u51fa\u3092\u3057\u3066\u53cd\u97ff\u3092\u5f97\u3088\u3046\u3068\u3057\u305f\u308f\u3051\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u79c1\u305f\u3061\u306f\u305f\u3060\u3001\u79c1\u305f\u3061\u306e\u30ad\u30e3\u30c3\u30b7\u30e5\u751f\u6210\u306b\u5bfe\u3059\u308b\u81ea\u4fe1\u3092\u793a\u305d\u3046\u3068\u3057\u3066\u3044\u308b\u3060\u3051\u306a\u306e\u3067\u3059\u3002<\/p>\n<p>Paul Sankey &#8212; Sankey Research &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u4e86\u89e3\u3057\u307e\u3057\u305f\u3002\u305d\u308c\u3068\u76f8\u6bba\u3059\u308b\u5f62\u3067\u3001\u30de\u30a4\u30af\u3001\u3042\u306a\u305f\u306f\u63a2\u9271\u306b\u3082\u3063\u3068\u304a\u91d1\u3092\u304b\u3051\u3066\u3044\u307e\u3059\u306d\u30022023\u5e74\u306b\u4e88\u5b9a\u3055\u308c\u3066\u3044\u308b\u30cf\u30a4\u30e9\u30a4\u30c8\u306b\u3064\u3044\u3066\u304a\u805e\u304b\u305b\u304f\u3060\u3055\u3044\u3002\u3082\u3061\u308d\u3093\u3001East Med\u306f\u77e5\u3063\u3066\u3044\u307e\u3059\u304c\u3001\u305d\u308c\u4ee5\u5916\u306b\u3082\u3042\u308a\u307e\u3059\u3002\u305d\u306e\u4e2d\u3067\u3001\u652f\u51fa\u306f\u304b\u306a\u308a\u5897\u3048\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>Mike Wirth &#8212; \u4f1a\u9577\u517c\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u3048\u3048\u3001\u652f\u51fa\u304c\u304b\u306a\u308a\u5897\u3048\u305f\u3068\u3044\u3046\u8868\u73fe\u304c\u9069\u5207\u304b\u3069\u3046\u304b\u306f\u308f\u304b\u308a\u307e\u305b\u3093\u3002\u79c1\u305f\u3061\u306f\u6c17\u306b\u5165\u3063\u305f\u7d20\u6674\u3089\u3057\u3044\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u3092\u6301\u3063\u3066\u3044\u307e\u3059\u3002\u305d\u308c\u304b\u3089\u3001\u6771\u6b27\u306e\u304a\u8a71\u304c\u3042\u308a\u307e\u3057\u305f\u304c\u3001\u79c1\u305f\u3061\u306f\u307e\u3060\u591a\u304f\u306e\u88fd\u54c1\u3092\u4fdd\u6709\u3057\u3066\u3044\u307e\u3059\u3002\u30e1\u30ad\u30b7\u30b3\u6e7e\u306e\u6df1\u6d77\u306b\u306f\u307e\u3060\u591a\u304f\u306e\u9271\u533a\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<p>\u30b9\u30ea\u30ca\u30e0\u306b\u306f\u307e\u3060\u4f5c\u696d\u4e2d\u306e\u30d6\u30ed\u30c3\u30af\u304c\u3042\u308a\u3001\u3053\u306e\u5730\u57df\u306e\u30c8\u30ec\u30f3\u30c9\u306b\u6cbf\u3063\u305f\u3082\u306e\u3067\u3059\u3002\u30ca\u30df\u30d3\u30a2\u3067\u306f\u3001\u3053\u306e\u5730\u57df\u306e\u63a2\u9271\u306e\u30c8\u30ec\u30f3\u30c9\u306b\u5408\u3063\u305f\u9271\u533a\u3092\u53d6\u5f97\u3057\u307e\u3057\u305f\u3002\u30d6\u30e9\u30b8\u30eb\u3068\u30e1\u30ad\u30b7\u30b3\u306b\u306f\u3001\u305d\u306e\u6570\u5e74\u524d\u306b\u8cb7\u53ce\u3057\u305f\u9271\u533a\u304c\u3042\u308a\u307e\u3059\u3002\u3053\u306e\u3088\u3046\u306b\u3001\u79c1\u305f\u3061\u306f\u7d20\u6674\u3089\u3057\u3044\u4e8b\u696d\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u3092\u624b\u306b\u5165\u308c\u3001\u305d\u308c\u306b\u53d6\u308a\u7d44\u307f\u7d9a\u3051\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u305d\u3057\u3066\u3001\u6398\u524a\u306e\u6e96\u5099\u304c\u6574\u3046\u307e\u3067\u4e95\u6238\u3092\u6398\u308b\u3053\u3068\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u3057\u304b\u3057\u3001\u77f3\u6cb9\u30fb\u30ac\u30b9\u30b7\u30b9\u30c6\u30e0\u304c\u826f\u597d\u306b\u7a3c\u50cd\u3057\u3066\u3044\u308b\u3044\u304f\u3064\u304b\u306e\u76c6\u5730\u306b\u5206\u6563\u3057\u3066\u3044\u307e\u3059\u3002\u30ca\u30eb\u30ae\u30b9\u306e\u767a\u898b\u306f\u3001\u305d\u306e\u3088\u3046\u306a\u5730\u57df\u306b\u7126\u70b9\u3092\u5f53\u3066\u305f\u3068\u304d\u306b\u4f55\u304c\u8d77\u3053\u308b\u304b\u3092\u793a\u3059\u6700\u8fd1\u306e\u4f8b\u3067\u3042\u308a\u3001\u79c1\u306f\u3001\u5c06\u6765\u7684\u306b\u306f\u3088\u308a\u591a\u304f\u306e\u3082\u306e\u3092\u898b\u308b\u3053\u3068\u304c\u3067\u304d\u308b\u3068\u697d\u89b3\u8996\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>Paul Sankey &#8212; Sankey Research &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u3069\u3046\u3082\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002<\/p>\n<p>\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n<p>\u6700\u5f8c\u306e\u8cea\u554f\u306f\u3001RBC\u306e\u30d3\u30e9\u30b8\u30fb\u30dc\u30eb\u30ab\u30bf\u30ea\u30a2\u304b\u3089\u3067\u3059\u3002<\/p>\n<p>Biraj Borkhataria &#8212; RBC Capital Markets &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u3069\u3046\u3082\u3001\u7686\u3055\u3093\u3002\u79c1\u306e\u8cea\u554f\u306b\u7b54\u3048\u3066\u304f\u308c\u3066\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u307e\u305a\u3001\u682a\u6570\u306b\u3064\u3044\u3066\u3067\u3059\u30022022\u5e74\u521d\u982d\u306e\u3053\u3068\u3067\u3059\u304c\u3001\u3042\u306a\u305f\u306f\u81ea\u793e\u682a\u8cb7\u3044\u30d7\u30ed\u30b0\u30e9\u30e0\u3092\u5f37\u5316\u3057\u3066\u3044\u307e\u3059\u304c\u3001\u5f93\u696d\u54e1\u30aa\u30d7\u30b7\u30e7\u30f3\u306b\u3088\u308b\u5e0c\u8584\u5316\u304c\u305d\u306e\u30eb\u30fc\u30eb\u3092\u6253\u3061\u6d88\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u305d\u3053\u3067\u7406\u89e3\u3057\u305f\u3044\u306e\u3067\u3059\u304c\u3001\u4eca\u65e5\u3001\u30b3\u30fc\u30dd\u30ec\u30fc\u30c8\u30e9\u30a4\u30f3\u3067\u8cbb\u7528\u3092\u8a08\u4e0a\u3057\u307e\u3057\u305f\u306d\u30022023\u5e74\u306e\u5e0c\u8584\u5316\u306f2022\u5e74\u3068\u540c\u7a0b\u5ea6\u306b\u306a\u308b\u3068\u4e88\u60f3\u3055\u308c\u307e\u3059\u304b\u3001\u305d\u308c\u3068\u3082\u3082\u3063\u3068\u4f4e\u304f\u306a\u308b\u3079\u304d\u3067\u3057\u3087\u3046\u304b\uff1f\u305d\u308c\u3068\u3082\u3082\u3063\u3068\u4f4e\u304f\u3059\u3079\u304d\u3067\u3057\u3087\u3046\u304b\uff1f<\/p>\n<p>\u30d4\u30a8\u30fc\u30eb\u30fb\u30d6\u30ec\u30d0\u30fc &#8212; 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Borkhataria &#8212; RBC Capital Markets &#8212; 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&#8212; \u4eca\u3042\u308b\u30ac\u30a4\u30c0\u30f3\u30b9\u3068\u3001\u73fe\u5728\u9032\u884c\u4e2d\u306e\u3082\u306e\u3001\u51e6\u7406\u4e2d\u306e\u3082\u306e\u3092\u307e\u3068\u3081\u305f\u3082\u306e\u3067\u3059\u3002<\/p>\n<p>\u30d4\u30a8\u30fc\u30eb\u30fb\u30d6\u30ec\u30d0\u30fc &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u30d3\u30e9\u30fc\u30b8\u3001\u79c1\u305f\u3061\u306f\u73fe\u91d1\u306e\u8abf\u9054\u3084\u30d0\u30e9\u30f3\u30b9\u30b7\u30fc\u30c8\u306e\u7ba1\u7406\u306e\u305f\u3081\u306b\u8cc7\u7523\u58f2\u5374\u3092\u884c\u3046\u306e\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u4ecaMike\u304c\u8a00\u3063\u305f\u3088\u3046\u306b\u3001\u8cc7\u672c\u3092\u7372\u5f97\u3067\u304d\u308b\u30d7\u30ed\u30b8\u30a7\u30af\u30c8\u306b\u5bfe\u3057\u3066\u6700\u9ad8\u306e\u30ea\u30bf\u30fc\u30f3\u3092\u5f97\u3089\u308c\u308b\u3088\u3046\u306a\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306e\u9ad8\u3044\u7b49\u7d1a\u306b\u57fa\u3065\u3044\u3066\u884c\u3063\u3066\u3044\u307e\u3059\u3002\u305f\u3060\u3001\u30cf\u30fc\u30c9\u30eb\u3092\u30af\u30ea\u30a2\u3059\u308b\u306b\u306f\u5341\u5206\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u3067\u3059\u304b\u3089\u3001Mike\u304c\u8a00\u3063\u305f\u3088\u3046\u306b\u3001\u591a\u5c11\u306e\u6ce2\u304c\u3042\u308b\u306e\u3067\u3059\u3002<\/p>\n<p>\u305f\u3060\u3001\u306f\u3063\u304d\u308a\u3055\u305b\u3066\u304a\u304d\u305f\u3044\u306e\u306f\u3001\u79c1\u305f\u3061\u306f\u8cc7\u672c\u898f\u5f8b\u306e\u4e00\u74b0\u3068\u3057\u3066\u3001\u3088\u308a\u9ad8\u3044\u30ea\u30bf\u30fc\u30f3\u3068\u4f4e\u70ad\u7d20\u5316\u3092\u5b9f\u73fe\u3059\u308b\u305f\u3081\u306b\u3001\u3053\u3046\u3057\u305f\u53d6\u308a\u7d44\u307f\u3092\u884c\u3063\u3066\u3044\u308b\u3068\u3044\u3046\u3053\u3068\u3067\u3059\u3002\u3053\u308c\u306f\u305d\u306e\u7d50\u679c\u3067\u3059\u3002\u6ce2\u304c\u3042\u308a\u307e\u3059\u3002\u4eca\u5e74\u306f\u5c11\u3057\u4f4e\u3081\u3067\u3059\u3002<\/p>\n<p>\u4eca\u5e74\u306f\u5c11\u3057\u4f4e\u3081\u3067\u3059\u304c\u3001\u5c06\u6765\u306f\u3082\u3063\u3068\u9ad8\u304f\u306a\u308b\u3088\u3046\u306b\u8a2d\u5b9a\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u30ed\u30c7\u30ea\u30c3\u30af\u30fb\u30b0\u30ea\u30fc\u30f3 &#8212; \u30a4\u30f3\u30d9\u30b9\u30bf\u30fc\u30fb\u30ea\u30ec\u30fc\u30b7\u30e7\u30f3\u30ba\u62c5\u5f53\u30b8\u30a7\u30cd\u30e9\u30eb\u30fb\u30de\u30cd\u30fc\u30b8\u30e3\u30fc<\/p>\n<p>\u7686\u3055\u3093\u306b\u611f\u8b1d\u3057\u307e\u3059\u3002<\/p>\n<p>Biraj Borkhataria &#8212; RBC Capital Markets &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u308f\u304b\u308a\u307e\u3057\u305f\u3002\u4e86\u89e3\u3057\u307e\u3057\u305f\u3002<\/p>\n<p>Roderick Green &#8212; \u30a4\u30f3\u30d9\u30b9\u30bf\u30fc\u30fb\u30ea\u30ec\u30fc\u30b7\u30e7\u30f3\u30ba\u62c5\u5f53\u30bc\u30cd\u30e9\u30eb\u30fb\u30de\u30cd\u30fc\u30b8\u30e3\u30fc<\/p>\n<p>\u3042\u308a\u304c\u3068\u3046\u3001Biraj\u3002\u672c\u65e5\u306f\u304a\u6642\u9593\u3092\u3044\u305f\u3060\u304d\u3001\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002\u30b7\u30a7\u30d6\u30ed\u30f3\u306b\u3054\u95a2\u5fc3\u3092\u304a\u6301\u3061\u3044\u305f\u3060\u304d\u3001\u672c\u65e5\u306e\u96fb\u8a71\u4f1a\u8b70\u306b\u3054\u53c2\u52a0\u3044\u305f\u3060\u3044\u305f\u7686\u69d8\u306b\u611f\u8b1d\u3044\u305f\u3057\u307e\u3059\u3002\u3069\u3046\u305e\u3054\u5b89\u5168\u306b\u3001\u304a\u5143\u6c17\u3067\u304a\u904e\u3054\u3057\u304f\u3060\u3055\u3044\u3002<\/p>\n<p>\u30b1\u30a4\u30c6\u30a3\u3001\u8a71\u3092\u623b\u3057\u307e\u3059\u3002<\/p>\n<p>&nbsp;<\/p>\n<p>\u4ee5\u4e0a\u3067\u3059\u3002\u4ed6\u306e\u7ffb\u8a33\u5e0c\u671b\u3084\u3054\u611f\u60f3\u3092\u3044\u305f\u3060\u3051\u308b\u3068\u5b09\u3057\u3044\u3067\u3059\u3002<\/p>\n<p>\uff0a\u8aa4\u8a33\u306a\u3069\u304c\u3042\u308b\u304b\u3082\u3057\u308c\u307e\u305b\u3093\u3067\u306e\u53c2\u8003\u7a0b\u5ea6\u306b\u3057\u3066\u3044\u305f\u3060\u304d\u6295\u8cc7\u306f\u81ea\u5df1\u5224\u65ad\u3067\u304a\u9858\u3044\u3057\u307e\u3059\u3002<\/p>\n<p>\u30d6\u30ed\u30b0\u904b\u55b6\u306e\u52b1\u307f\u306b\u306a\u308a\u307e\u3059\u306e\u3067\u3001\u304a\u624b\u6570\u3067\u3059\u304c\u3001\u5fdc\u63f4\u306e\uff11\u65e5\uff11\u30af\u30ea\u30c3\u30af\u3092\u3088\u308d\u3057\u304f\u304a\u9858\u3044\u81f4\u3057\u307e\u3059\u3002<\/p>\n<p>\u2193\u2193\uff1c\u5fdc\u63f4\u30af\u30ea\u30c3\u30af\u304a\u9858\u3044\u3057\u307e\u3059\uff1e<\/p>\n<p><a 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