|Bid||1,483.60 x 0|
|Ask||1,483.80 x 0|
|Day's Range||1,465.00 - 1,497.40|
|52 Week Range||878.10 - 1,718.36|
|Beta (5Y Monthly)||0.99|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.49 (3.38%)|
|Ex-Dividend Date||May 13, 2021|
|1y Target Est||N/A|
U.S. oil major Chevron Corp has no plans to shrink its oil and gas business for wind and solar energy unlike some rivals, Chief Financial Officer Pierre Breber said on Thursday, amid pressure from shareholders to lower carbon emissions. Major oil and gas producers are facing pressure from investors to lower greenhouse gas emissions and adapt their business to a lower carbon future. Chevron's shareholders in May voted in favor of a non-binding resolution calling on the firm to cut emissions generated by the use of its products.
A Dutch activist group that won a legal battle against Royal Dutch Shell over its climate strategy has urged the company to ditch its appeal and hold joint talks on how to reduce its emissions, according to a letter seen by Reuters. A court in The Hague ordered Shell on May 26 to reduce greenhouse gas emissions from burning oil and gas by 45% by 2030, significantly faster than its current plans, in a landmark case filed by seven groups including Greenpeace and Friends of the Earth Netherlands. Shell CEO Ben van Beurden said the company planned to appeal the ruling but that the Anglo-Dutch company would also accelerate its energy-transition strategy and deepen emission cuts.
General Motors' (GM) partnership with Shell showcases how the two companies can together achieve their corporate emission goals.