Energy & Science
Oil Giants Haven’t Completely Forgotten About Climate Amid Crash
A Chevron deepwater oil platform in the Gulf of Mexico off the coast of Louisiana.
Photographer: Luke Sharrett/BloombergThis article is for subscribers only.
Exxon Mobil Corp. and Chevron Corp. may be feeling the fallout of a historic oil-price crash amid the Covid-19 pandemic, but they haven’t completely forgotten to give a nod to concerns about climate change.
Both oil giants mentioned green initiatives in their first-quarter earnings statements or presentations, albeit fleetingly. Exxon touted a previously announced model framework for industry-wide methane regulations, while Chevron said it planned to maintain its commitment to environmental, social and governance priorities.