Home Business Chevron’s Climate Question: What Wouldn’t Exxon Do?

Chevron’s Climate Question: What Wouldn’t Exxon Do?

1
0



The other half of U.S. Big Oil haunted Chevron’s “Energy Transition” event this week — or rather, was invited, if not by name. Early in the proceedings, CEO Mike Wirth said “Chevron begins in a different place than others in our sector,” begging a purely rhetorical “such as?” in rejoinder. He then listed a series of advantages that have little to do with net-zero, such as low (and dropping) leverage and the only Big Oil dividend higher now than before the pandemic. Exxon Mobil Corp. cannot claim the same. As if to drive the point home, Wirth also dropped in the resumption of share buybacks, something that used to be its Texan rival’s calling card.

Previous articleVirginia high school teacher says making kids behave in class is ‘white supremacy’
Next articleFlorida landlord says tenants must get coronavirus vaccine: ‘You don’t want to get vaccinated? You have to move.’

LEAVE A REPLY

Please enter your comment!
Please enter your name here