CVX · 10-Q · 2026Q3 · Full report

ESG and sustainability

CHEVRON CORP · 2026-11-05 · Importance 16 · Surprise 6

Chevron said it aims to grow its oil and gas business, lower the carbon intensity of operations and grow new energies businesses, while maintaining portfolio flexibility as policy, technology and customer preferences change. The company plans to leverage its capabilities, assets, partnerships and customer relationships to develop new energies businesses. Its long-range planning incorporates climate-related policy effects, including electric-vehicle and renewable-fuel penetration, energy-efficiency standards and demand response to oil and natural-gas prices. Chevron’s previously disclosed greenhouse-gas intensity targets run through 2028; the filing directs readers to its 2025 Form 10-K for the target details.

Key facts

• Chevron plans to continue developing oil and gas resources, maintain portfolio flexibility, grow its oil and gas business, lower the carbon intensity of operations and grow new energies businesses. source
• Chevron’s required expenditure to comply with new or potential climate laws and regulations and its additional investment in technology or facilities such as carbon capture and storage are difficult to predict and depend on laws, technology, preferences, company activities and market conditions. source
• Chevron’s ability to achieve its environmental aspirations, targets and goals is exposed to risks including technology advances, laws and permits, carbon offsets, supplier availability, evolving ESG disclosure rules, customer preferences and competitor actions. source