in energy progress, there’s power in partnerships

Whether it’s collecting waste or planting trees, environmental efforts are often best accomplished as a team.

The same holds true for solving challenges on a larger scale.

Mike Wirth, Chevron’s Chairman and CEO, has previously flagged the importance of working together to find lower carbon solutions.

“We need to move rapidly,” he told Barron’s earlier this year. “We need to engage with innovation through universities, national laboratories and startup companies, all of which we work closely with, to try to bring these new technologies into the market.”

In its 2023 Climate Change Resilience Report, Chevron detailed how it is working with other companies to reach its lower carbon goals.

This includes joint ventures with:

• The company’s participation in the Oil and Gas Climate Initiative. Member companies have a methane-intensity target to help reduce collective average upstream methane intensity to well below .20% by 2025.
• Bunge, a multinational agribusiness, to develop renewable fuel feedstocks.
• Talos Energy Inc., an offshore exploration and production company, and international energy company Equinor. The joint venture was formed to develop the Bayou Bend carbon capture and storage project, located along the Texas Gulf Coast.
• Baseload Capital to advance geothermal opportunities.
• Beyond6, LLC, now under Chevron’s full ownership, and its U.S. network of 55 compressed natural gas fueling stations, also supplied with renewable natural gas.

Chevron has a history of sparking innovation through investments in new technologies, research and development, and collaboration.

It believes cooperation, in both public and private sectors, can help reduce the emissions of entire industries.