Chevron’s Refineries Earned Half the Profit on a Twentieth of the Capital
Downstream produced 49.7% of Chevron’s third-quarter earnings on 7.8% of its capital spending. The refineries ran at 98% of capacity to do it, and nobody will say what the maintenance bill is. By Energy News Beat | Oct. 30, 2026 | Chevron Q3 2026 earnings release, read Oct. 30, 2026; EIA monthly data through August […]
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