Finance

Chevron’s annual profit soars past $36bn as White House demands more investment

US supermajor posts the biggest net gain since 2010 as rise in energy prices outweighed rising costs and impairments

Fine balance: Chevron chief executive Mike Wirth insists there is enough cash to reward shareholders handsomely while boosting output.
Fine balance: Chevron chief executive Mike Wirth insists there is enough cash to reward shareholders handsomely while boosting output.Photo: PHIL MCCARTEN/CORPORATEEVENTIMAGES
London
Published 27 January 2023, 16:38Updated 1 February 2023, 15:53
ChevronMichael WirthJoe Biden.AmericasNorth America