New York (CNN Business) Chevron has built a $170 billion fossil fuels empire that has made the 141-year-old company synonymous with the oil-and-gas industry. While US oil companies have been far more reluctant than their European rivals to shift away from their cash cows , even Chevron CEO Michael Wirth concedes his company may look different in 2040. Likewise, Chevron reached a $5 billion deal last year t o acquire oil-and-gas company Noble Energy. 'It will not go away in 20 years'Even so, Wirth realizes Chevron may need to change to meet the times. Chevron is already in the hydrogen business through its refineries, but not in a big enough way to save the planet.

Source: CNN February 08, 2021 11:37 UTC