finance.yahoo.com

Investors add to Chevron position despite Trump pressure to cut fuel prices

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Sig2.78Sen+2.43Env0.00Soc+0.10Gov0.00

Trump pressured energy companies to cut consumer fuel prices, keeping political scrutiny on big producers. Chevron kept operating in Venezuela while rivals left, with Orinoco capacity potentially reaching as much as 400,000 barrels per day as holdings ramp up. The firm also posted record U.S. output in Q2 and grew worldwide production 20% year over year.

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