Chevron boss eyes up to $8bn growth in cash flow next year
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Chevron's CEO, Michael Wirth, announced plans to increase the company's free cash flow by up to $8 billion and reduce costs significantly next year. This was revealed at Goldman Sachs' Energy, CleanTech & Utilities Conference.
January 08, 2025 | 6:45 pm
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Chevron plans to increase its free cash flow by up to $8 billion and reduce costs significantly next year, as announced by CEO Michael Wirth.
The announcement of a significant increase in free cash flow and cost reductions is likely to positively impact Chevron's stock price in the short term. Investors often view increased cash flow and cost efficiency as indicators of strong financial health and potential for higher returns.
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