EnergyWatch

Chevron triples green investments to USD 10bn

Additional funds must go to green technologies following sharpened climate requirements, with renewables, hydrogen and carbon capture set to be favorites.

Photo: LUCY NICHOLSON/REUTERS / X90050

US oil giant Chevron plans to triple its investments in cleaner technologies to USD 10bn ahead of 2028, the company writes in a statement.

Besides the tripled investment in green technology, the company also poses clear growth targets in technologies like Power-to-X (PtX), carbon capture and sequestration (CCS) and renewable fuels.

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