Chevron is taking steps to diversify its business away from fossil fuels as concerns about the climate crisis grow.
In fact, the company announced that it will spend $10 billion until 2028 on low-carbon energy sources like renewable diesel fuel and hydrogen.
ExxonMobil announced the discovery of oil near Venezuela.
The company will begin production in early 2022, with a capacity to produce approximately 220,000 barrels of oil per day.
Timestamps:
- CVX 01:50
- XOM 03:15