Stocks stemmed their bleeding Monday after a rough start to the day.
Once again, investors are asked to parse the difference between legal and ethical.
Chevron reported a profit of $1.72 billion, or 90 cents per share, compared with $2.45 billion, or $1.31 per share, a year earlier
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Chevron is an integrated energy company with exploration, production, and refining operations worldwide. Chevron is the second-largest oil company in the United States with production of 3.1 million of barrels of oil equivalent a day, including 7.3 million cubic feet a day of natural gas and 1.9 million of barrels of liquids a day. Production activities take place in North America, South America, Europe, Africa, Asia, and Australia. Its refineries are in the U.S. and Asia for total refining capacity of 1.8 million barrels of oil a day. Proven reserves at year-end 2020 stood at 11.1 billion barrels of oil equivalent, including 6.1 billion barrels of liquids and 29.9 trillion cubic feet of natural gas.
| Website: | www.chevron.com |
| Email: | invest@chevron.com |
| Main Phone: | +1 925 842-1000 |
| Address: | 6001 Bollinger Canyon Road |
| Address 2: | P.O Box 2844 |
| State: | CA |
| City / Town: | San Ramon |
| Country: | US |
| Postal Code: | 94583-2324 |
| Exchange: | NYE |
| CEO: | Michael K. Wirth |
| Employees: | 13379 |
| NAICS: | Crude Petroleum Extraction(211120) |
Stocks stemmed their bleeding Monday after a rough start to the day.
Once again, investors are asked to parse the difference between legal and ethical.
Chevron reported a profit of $1.72 billion, or 90 cents per share, compared with $2.45 billion, or $1.31 per share, a year earlier
The groups say the oil major has overstated its investment in renewable energy and actions to curb greenhouse gas emissions.
Chevron said it would keep project spending muted at around $14 billion annually through mid-decade.
The transaction values Noble Midstream Partners at $1.32 billion.
Berkshire disclosed an $8.6 billion stake in Verizon Communications and a $4.1 billion position in Chevron Corp.
The company presented steep targets for reducing carbon intensity between 6% and 8% by 2023, 20% by 2030, 45% by 2035 and a full 100% by 2050. Oil production is expected to decline 1% to 2% each year.
About 600 gallons of a petroleum-water mixture spilled into San Francisco Bay from Chevron's Richmond refinery.
Dow Industrials lost 0.5%, and the Russell 2000 slipped 0.1%. Tech stocks bucked the trend, with the Nasdaq composite gaining 0.4%.
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