Chevron’s New Lower-Carbon Business Unit

Chevron Chairman and CEO, Mike Wirth announced further details surrounding the formation of a new lower-carbon business unit, Chevron New Energies. Some of the details include the anticipated investment amount, over $10MM through 2028, more than triple the company’s original guidance of $3MM, as well as new growth targets related to the new lower carbon businesses of biofuels; hydrogen; carbon capture, utilization and storage; and offsets and other lower-carbon solutions.

If you are interested in listening a recording of our presentation, please this link - Energy Transitions Spotlight