Chevron Corporation has published an update to its March 2018 report describing the company’s approach to managing climate change risks and its resilience under a low carbon scenario. The update supplements Climate Change Resilience: A Framework for Decision Making with new information on the company’s governance framework and climate change related actions and investments.
"We now have a powerful track record of safe and reliable performance, efficient execution and capital discipline. And we’re doing this while growing the business – bringing more high-quality projects online, expanding marketing in the Downstream and doing transformative deals such as BHP. Our strategy is clearly working and will serve the company and our shareholders well through the energy transition."
Global Oil Markets
OPEC have moved to take supply out of the market by announcing a 1.2 mmbbl/d production cut from October 2018 reference levels, but the key question at the start of 2019 is – have they done enough?
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