Chevron has benefitted heavily from its increasing output amidst the rally in crude oil prices on account of the current geopolitical situation in Ukraine. The oil major had one of its most successful years in 2021 and its return on capital employed approached nearly 10%, the highest since 2014 levels. The management's acquisition of Noble Energy coupled with the performance in the Permian basin have been drivers of the top-line. The crude oil outlook remains positive for 2022 as per the U.S. EI ....
24 Mar 2022
Chevron Corporation: Detailed Credit Analysis & Financial Strength Evaluation Report, Key Risks & ESG Assessment (03/2022)
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Chevron Corporation: Detailed Credit Analysis & Financial Strength Evaluation Report, Key Risks & ESG Assessment (03/2022)
- Published:
24 Mar 2022 -
Author:
Ishan Majumdar -
Pages:
17
Chevron has benefitted heavily from its increasing output amidst the rally in crude oil prices on account of the current geopolitical situation in Ukraine. The oil major had one of its most successful years in 2021 and its return on capital employed approached nearly 10%, the highest since 2014 levels. The management's acquisition of Noble Energy coupled with the performance in the Permian basin have been drivers of the top-line. The crude oil outlook remains positive for 2022 as per the U.S. EI ....