Multinational energy firm Chevron Corp. (CVX) plans to invest more than $10 billion until 2028 to grow lower carbon energy businesses. The amount is more than triple the previous guidance of $3 billion and includes $2 billion to lower carbon intensity of Chevron’s operations. Headquartered in California, Chevron offers financial management, administrative and technology support for energy and chemical operations. Shares of the company gained 2.1% on Wednesday to close at $98.24. (See Chevron stock chart on TipRanks) The company has also set 2030 growth targets for new energy businesses.
https://www.tipranks.com/news/chevron-to-invest-over-10b-to-accelerate-lower-carbon-ambitions?utm_source=advfn.com&utm_medium=referral
Chevron (NYSE:CVX)
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