I haven't followed it that closely so I am probably wrong, but it certainly seems like CVX is backpedaling a bit after getting feedback from their shareholders. I'm probably wrong, but first reports suggested CVX was going to diversity into "green" energy. I think they still are but it may be in a different way than previously rumored.
If I recall correctly, in the Jim Cramer interview, the CVX/CEO said the company would spend $10 billion over several years on non-fossil fuel initiatives. Cramer suggested that the $10 billion was a very, very small percent of the company's overall financial picture. Again, I don't know. Just rambling.
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