Chevron May Not Be an Oil-First Company in 2040, CEO Says

Chevron has built a $170 billion fossil fuels empire that has made the 141-year-old company synonymous with the oil-and-gas industry.

But the climate crisis is forcing oil companies large and small to rethink their once-reliable business models.

While US oil companies have been far more reluctant than their European rivals to shift away from their cash cows, even Chevron CEO Michael Wirth concedes his company may look different in 2040.

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