Chevron to focus on lowering carbon intensity
5/25/2022 12:57:03 PM
(Reuters) - Chevron Corp Chief Executive Michael Wirth on Wednesday told shareholders the U.S. oil producer plans to focus on lowering the carbon intensity of its operations.
"We aim to lead in lower carbon intensity oil, products, and natural gas, and to advance new products and solutions that reduce the carbon emissions of major industries," Wirth said in a statement.
He added that Chevron is doing its part to grow domestic supply, with U.S. oil and gas production up 10% over the first quarter of last year.
(Reporting by Arunima Kumar in Bengaluru; Editing by Shailesh Kuber)
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