1 Crucial Factor About Chevron Stock That You Won't Want to Miss
Chevron (NYSE: CVX) is a leading global oil and gas producer. Last year, the energy giant produced a record 3.3 million barrels of oil equivalent (BOE) per day. That was 7% more than the prior year, fueled by its heavy investment to maintain and grow its fossil fuel output. However, while Chevron is a leading oil and gas producer, investors shouldn't overlook that it's also investing to build its lower-carbon new energies businesses. The company's CEO discussed its progress on several key lower-carbon initiatives during its fourth-quarter conference call.Chevron has a dual focus: It's investing to supply the world with the oil and gas it needs today to fuel the economy. It's also investing to develop the lower-carbon energy resources it will require in the future. Continue reading
Chevron (NYSE: CVX) is a leading global oil and gas producer. Last year, the energy giant produced a record 3.3 million barrels of oil equivalent (BOE) per day. That was 7% more than the prior year, fueled by its heavy investment to maintain and grow its fossil fuel output.
However, while Chevron is a leading oil and gas producer, investors shouldn't overlook that it's also investing to build its lower-carbon new energies businesses. The company's CEO discussed its progress on several key lower-carbon initiatives during its fourth-quarter conference call.
Chevron has a dual focus: It's investing to supply the world with the oil and gas it needs today to fuel the economy. It's also investing to develop the lower-carbon energy resources it will require in the future.
