GHG Emissions, Sourcing Renewables  -  March 1, 2022

Chevron Reaffirms Carbon Intensity Targets

Chevron Corporation reaffirmed its goals to lower the carbon intensity of its operations and grow new energy business lines in renewable fuels, hydrogen, carbon capture and offsets at its annual investor meeting.

“Chevron’s executing a straightforward strategy, grounded in capital and cost discipline,” said Michael Wirth, chairman and CEO in a statement. “We’re aiming to grow cash flow and return more of it to shareholders, leveraging our strengths to deliver lower carbon energy to a growing world.”

The company also provided updates on renewable fuels, hydrogen and carbon capture projects.

“We’re executing projects to lower carbon intensity to progress towards our 2050 net zero aspiration for Upstream Scope 1 and 2 emissions,” said Jay Johnson, executive vice president, upstream. “We intend to be a leader in cost and carbon efficient production.”

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