Which according to the Chevron CEO, is not anytime too soon. Chevron will still be pumping up the black gold for the stockholders in 2040. He does not buy the Hydrogen Hype.
By preparing for this "volatility" with a balance sheet that can withstand an extended period of "very low prices," Chevron's CEO noted that the company predicts it will deliver 10% compound annual growth in free cash flow over the next several years.
"Driven by the Permian, driven by some other shale assets in our portfolio, projects in the deepwater Gulf of Mexico," Wirth pointed out, "we've got a number of other assets that are delivering growth. And the combination with Hess only strengthens our cash flow longer into the future, not only to the end of this decade, but well into the next."
https://www.foxbusiness.com/energy/chevron-ceo-reveals-us-will-see-end-oil-age
Chevron CEO reveals when US will see the 'end of the oil age'
RE
Chevron CEO reveals when US will see the 'end of the oil age'
Started by RE May 07, 2024, 05:33 PM
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