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ChevronRANK75
COVID-19 socked the oil and gas industry, with energy demand evaporating amid global lockdowns. Particularly hard hit were transport fuels, Chevron’s bread and butter. The company lost $5.5 billion, from a $2.9 billion profit the year before—itself, a sharp year-on-year drop. Said CEO Mike Wirth: “2020 was a year like no other.” The company announced steep cuts to capital expenditure. But 2020 was notable for another milestone, too: Chevron bought Noble Energy in a $13 billion acquisition, an industry-record price tag. The deal was completed in the fourth quarter.
Latest news for Chevron
- No Primary Section FoundChevron stops short of sharp emissions reductions despite investor rebukeSeptember 14, 2021 5:32 PM UTC
- NewslettersChevron’s carbon capture project hasn’t worked, but Sinopec thinks its willJuly 21, 2021 11:16 AM UTC