Exxon, Chevron CEOs seek clear rules on US clean energy subsidies [Reuters]
Chevron Corporation (CVX)
Last chevron corporation earnings: 5/1 06:45 am
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Source: Reuters
May 6 (Reuters) - Top executives at U.S. oil giants Exxon Mobil and Chevron Corp said on Monday that the U.S. needs to clarify rules on energy subsidies to drive the rapid, large-scale investments needed to fight climate change. President Joe Biden has been trying to encourage energy producers to slash emissions using technologies like carbon capture and green hydrogen that are expensive and have yet to be proven at scale. Biden's 2022 Inflation Reduction Act included big subsidies for those technologies, along with incentives for more solar and wind power, and electric vehicles. “Even today, the IRA has not been translated into regulation. And so, the certainty and the incentives for investing in this space are still being developed and formed,” Exxon CEO Darren Woods told a panel at the Milken Global Conference in Los Angeles. “And so as a business we've got to understand what are the implications for the investments? What are the returns for our shareholders, making sure it'
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CVX
Earnings
- 4/26/24 - Beat
CVX
Sec Filings
- 5/14/24 - Form PX14A6G
- 5/13/24 - Form 4
- 5/10/24 - Form SD
- CVX's page on the SEC website