[Chevron Corp Chief Executive Mike Wirth said on Wednesday the company prefers to return money to its shareholders rather than use it to invest in solar and wind power projects. "We rather dividend it back to shareholders and let them plant trees," Chevron's chief said.]
Basically what everyone already knows. Why invest in a much more expensive source of energy which relies on technology that is evidently not mature/cheap enough to replace the existing one? Let others burn through their money for low margins/subsidies, and if at any point it looks like there is material change in conditions, then you can adapt your strategy.
Chevron to Triple Low-Carbon Investment Oil giant plans to spend $10 billion through 2028 on technologies such as biofuels and hydrogen $GEVO $CVX $OIL
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$CVX & $GEVO Chevron and Gevo partner to produce sustainable aviation fuel
T
$CVX Chevron U.S.A. Inc., a subsidiary of Chevron Corp., and Gevo Inc. on Sept. 9 announced a letter of intent to jointly invest in building and operating one or more new facilities that would process inedible corn to produce sustainable aviation fuel, which can lower the lifecycle carbon intensity of fuels used in the aviation industry. The new facilities would also produce proteins and corn oil.
Chevron and Gevo partner to produce sustainable aviation fuel $GEVO $CVX
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$CVX Through the proposed collaboration, Gevo would operate its proprietary technology to produce sustainable aviation fuel and renewable blending components for motor gasoline to lower its lifecycle carbon intensity. In addition to co-investing with Gevo in one or more projects, Chevron would have the right to offtake approximately 150 million gallons per year to market to customers.
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Oil Stocks down, Europe fuel shortages at 'critical mass'. I take the over on this and all oil stocks.
j
Oil will continue its ascension, opec will not over supply and Biden’s policies will continue to contribute to the rise in oil prices. CVX by year end will hover around $110-115. And plus CVX dividend makes CVX a very attractive BUY.
Energy Select Sector SPDR Fund (XLE) is the best indicator guys so CVX may snap back to $110 soon! XLE top 1-month sp if you look at the chart.
m
gevo is one of the companies their investing in, it is a net zero company, very interesting company. When the ceo referenced aviation fuel, gasoline and diesel this was the company. read the profile it is an interesting concept. full disclosure I own stock in it.
T
Who has the answer to oil stock values? We have a stable market now with predicted prices ind for-seeable future in the 60's, a price that is profitable and Opec+ able to control the market if there is a major demand change. Argument prior has been the dynamics of unpredictability, that no longer carries any weight! We should be seeing a slow steady growth in stock prices with these dynamics???
Headline: World’s Top Oil Guzzlers Surpass Pre-Pandemic Consumption
Oil demand in China, the world’s top energy consumer, will be 13% higher in the fourth quarter than in the same period in 2019 before the pandemic, according to SIA Energy. Indian fuel sales extended a rebound in August, while American demand for petroleum products recently surged to a record high.
"We rather dividend it back to shareholders and let them plant trees," Chevron's chief said.]
Basically what everyone already knows. Why invest in a much more expensive source of energy which relies on technology that is evidently not mature/cheap enough to replace the existing one? Let others burn through their money for low margins/subsidies, and if at any point it looks like there is material change in conditions, then you can adapt your strategy.
Oil giant plans to spend $10 billion through 2028 on technologies such as biofuels and hydrogen $GEVO $CVX $OIL
#Crude -5.437M
#Cushing -1.345M
#Gasoline -2.761M
#Distillate -2.888M
#OOTT #OIL $CL_F
4:30 PM · Sep 14, 2021
$BTE $OXY $SU $MEG.CA $XOM $CNQ $USO $SNP $PTR $BP $CVX $TOT $ENB
Oil demand in China, the world’s top energy consumer, will be 13% higher in the fourth quarter than in the same period in 2019 before the pandemic, according to SIA Energy. Indian fuel sales extended a rebound in August, while American demand for petroleum products recently surged to a record high.
Source - https://finance.yahoo.com/news/world-top-oil-guzzlers-surpass-210000936.html
Demand stats do not lie.
$OXY $CPE $RIG $OIH $SU $XOM $CVX $VET $EOG $CNQ $LPI $CLR $CDEV $CPG
Thurs: 1.9M vs. 2.1M in 2019
Fri: 2.1M vs. 2.2M in 2019
Sat: 1.5M vs. 1.7M in 2019
Sun: 1.6M vs 2.4M in 2019
Source: TSA.gov
$OXY $CPE $RIG $OIH $SU $XOM $CVX $VET $EOG $CNQ $LPI $CLR $CDEV $CPG