Reported 20 days ago
Chevron Corp. is slashing its low-carbon investment budget by 25% to $1.5 billion in 2025, down from $2 billion this year, as the company prioritizes profits over energy output in a broader spending reduction. This decision reflects a cooling appetite for low-carbon technologies, as major oil companies like BP and Shell shift focus back to oil and natural gas amidst the evolving energy landscape.
Source: YAHOO