Friday, July 18, 2025
Chevron reports highest free cash flow on record as rebound in oil boost results; shares gain- oil and gas 360

Chevron reports highest free cash flow on record as rebound in oil boost results; shares gain

CNBC Chevron said Friday that it generated the highest free cash flow on record during the third quarter, as surging commodities prices and lower operational costs boosted operations.   The oil giant beat top- and bottom-line estimates for the period, earning $2.96 per share on an adjusted basis. Revenue jumped more than 80% year over year to $44.71 billion. Wall Street

TotalEnergies CEO won’t consider spinning off renewables business- oil and gas 360

TotalEnergies CEO won’t consider spinning off renewables business

World Oil PARIS (Bloomberg) –TotalEnergies SE Chief Executive Officer Patrick Pouyanne said it’s “too early” for the French oil major to consider spinning off its renewable-energy business because that segment may triple in value by 2025. That segment should surge in value because the company plans to almost quadruple its gross installed capacity to 35 gigawatts by then, he said.