U.S. Shale Oil Boom Shifts from Money Treadmill to Cash Cow, Says Chevron President
Originally Published 4 months ago — by Fortune
Chevron has shifted from aggressive growth in U.S. shale to focusing on profitability and efficiency, leveraging scale and technology to turn shale into a cash-generating asset, while expanding internationally through acquisitions like Hess and offshore projects in Guyana, aiming to stabilize U.S. production and prioritize shareholder returns.