Chevron Unveils Renewable Gas Blend as Viable Alternative to Electric Vehicles

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With a presence in every major oil and gas producing region, Chevron ($NYSE:CVX) is one of the largest integrated energy companies in the world. Recently, Chevron unveiled a renewable gas blend as a viable alternative to electric vehicles. This blend is created when hydrogen is added to natural gas, which creates a fuel with fewer emissions. Chevron’s renewable gas blend offers a significant advantage over electric vehicles, as it can be used in existing infrastructure and requires no changes to existing engines or fueling equipment. This makes it an affordable and reliable solution for many drivers and businesses.

Additionally, Chevron’s renewable gas blend helps reduce the environmental impact of vehicles by reducing carbon dioxide and other greenhouse gas emissions. This renewable gas blend is just the latest advancement from Chevron to help reduce the environmental impact of vehicles. The company has invested heavily in research and development of alternative fuel sources, including biofuels derived from natural sources like sugarcane and algae. By embracing renewable gas blends and other alternative fuels, Chevron is demonstrating its commitment to promoting a cleaner and more sustainable future.

Stock Price

On Monday, CHEVRON CORPORATION stock opened at $172.4 and closed at $170.9, down by 0.9% from prior closing price of 172.4. The blend is a combination of hydrogen and natural gas that is cleaner and more efficient than traditional fossil fuels. It has the potential to reduce emissions and provide a sustainable solution to the global drive to decarbonize transportation. This product is the latest in a series of initiatives by the company to reduce its environmental footprint and transition toward renewable energy sources. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Chevron Corporation. More…

Cash Flow Snapshot

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Balance Sheet Snapshot

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Key Ratios Snapshot

Some of the financial key ratios for Chevron Corporation are shown below. More…

Analysis

At GoodWhale, we recently examined the fundamentals of CHEVRON CORPORATION. Our Risk Rating analysis gave CHEVRON CORPORATION a low risk investment grade in terms of financial and business aspects. We also detected one risk warning in the balance sheet for CHEVRON CORPORATION. To check out the result of our analysis, please register on goodwhale.com. More…

Peers

The Chevron Corp competes with Exxon Mobil Corp, Occidental Petroleum Corp, and ConocoPhillips. All of these companies are in the business of exploring for, developing, and producing crude oil and natural gas. Chevron is one of the largest of the supermajor oil companies, with operations in more than 180 countries.

– Exxon Mobil Corp ($NYSE:XOM)

Exxon Mobil Corporation is an American multinational oil and gas corporation headquartered in Irving, Texas. It is the largest direct descendant of John D. Rockefeller’s Standard Oil Company, and was formed on November 30, 1999 by the merger of Exxon (formerly the Standard Oil Company of New Jersey) and Mobil (formerly the Standard Oil Company of New York). The world’s seventh largest company by revenue, ExxonMobil is also the seventh largest publicly traded company by market capitalization. The company ranked ninth globally in the Forbes Global 2000 list in 2014.

– Occidental Petroleum Corp ($NYSE:OXY)

Occidental Petroleum Corp is a large American oil and gas company with operations in the United States, the Middle East, and Latin America. The company has a market cap of 63.77B as of 2022 and a return on equity of 29.73%. Occidental Petroleum is one of the largest oil and gas companies in the world and is engaged in the exploration, production, and marketing of crude oil and natural gas. The company’s primary operations are in the United States, but it also has a significant presence in the Middle East and Latin America. Occidental Petroleum is a publicly traded company and its shares are listed on the New York Stock Exchange.

– ConocoPhillips ($NYSE:COP)

ConocoPhillips is an American multinational energy corporation with its headquarters in Houston, Texas. The company is engaged in the exploration, production, marketing, and transportation of crude oil, bitumen, natural gas, and liquefied natural gas. As of December 31, 2019, the company had estimated proved reserves of 8.4 billion barrels of oil equivalent.

ConocoPhillips has a market capitalization of $150.08 billion as of January 2021. The company’s return on equity was 30.9% for the year ended December 31, 2020.

ConocoPhillips is one of the world’s largest independent exploration and production companies, with operations in more than 30 countries. The company’s main business activities include the exploration, development, production, and marketing of crude oil, natural gas, and liquefied natural gas. ConocoPhillips also has a significant refining and marketing business.

Summary

Chevron Corporation is a major global energy company that produces and distributes oil, natural gas and renewable fuel products. The company has a long history of investing in new technologies and innovative solutions, and recently announced a new renewable gas blend which is being used as an alternative to electric vehicles. The company has been able to increase its dividend per share in the past two years and has also seen revenue growth in its upstream and downstream operations.

Additionally, its cash flow from operations and capital expenditures has remained positive. With its strong fundamentals, Chevron appears to be an attractive investment option.