50 joint venture with Bunge North America, Inc., a subsidiary of Bunge Limited, to help meet the demand for renewable fuels and develop lower carbon intensity feedstocks. Following the news, shares of the company gained 2.1% on Thursday. It added to its gains marginally to close at $97.72 in extended trade. The proposed venture is aimed at making the supply chain more efficient for both companies.
https://www.tipranks.com/news/chevron-bunge-to-join-hands-to-create-renewable-fuel-feedstocks?utm_source=advfn.com&utm_medium=referral
Chevron (NYSE:CVX)
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