Reported 23 days ago
Chevron has significantly grown its energy operations, increasing production by 7% in the third quarter to nearly 3.4 million barrels per day, bolstered by acquisitions and new projects. The company is committed to improving profitability through capital recycling, asset optimization, and cost reduction strategies, including plans to divest $10 billion-$15 billion in non-core assets. With a strong financial position, Chevron returned $7.7 billion to shareholders while aiming for continued growth and enhanced cash flow, making it a solid long-term investment in the oil sector.
Source: YAHOO