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StockWatch: Chevron Ramps up Low-Carbon Push!

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Chevron is taking steps to diversify its business away from fossil fuels as concerns about the climate crisis grow.

In fact, the company announced that it will spend $10 billion until 2028 on low-carbon energy sources like renewable diesel fuel and hydrogen.

ExxonMobil announced the discovery of oil near Venezuela.

The company will begin production in early 2022, with a capacity to produce approximately 220,000 barrels of oil per day.

Timestamps:

  • CVX 01:50
  • XOM 03:15

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