Facing the challenge of growing oil and gas – and renewables
ENERGY TRANSITION
CHEVRON
Facing the challenge of growing oil and gas – and renewables
Chevron’ s 2024 Corporate Sustainability Highlights report says it strives to“ protect the environment, empower people and get results the right way”.
It aims to grow its oil and gas business, lower the carbon intensity of its operations and grow new businesses in renewable fuels, carbon capture and offsets, hydrogen, power generation for data centres and emerging technologies.
While energy transition is only mentioned explicitly once, the report is very much about the challenges and opportunities of moving towards a new energy mix.
Writing in the 2024 Annual Report, Chairman and CEO Michael K. Wirth says:“ At Chevron, we’ re proud of the role we play as a global leader in energy.
“ Our capabilities, assets and relationships are helping customers, industries and nations achieve their goals for economic prosperity, energy security and environmental protection.”
He said that in 2024, Chevron completed projects and operational changes designed to abate over 700,000 tonnes of carbon dioxideequivalent annually from its operations.
“At Chevron, we’ re proud of the role we play as a global leader in energy”
MICHAEL K. WIRTH, CHAIRMAN & CEO, CHEVRON
184 August 2025