Chevron Considers Lithium Production in Latest EV Bet by Big Oil
- Oil giants could use drilling skills to extract lithium
- Exxon recently said it’s also exploring lithium opportunities
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Chevron Corp. is considering opportunities to produce lithium that would be used in electric vehicle batteries, Chief Executive Officer Mike Wirth said in a Bloomberg interview.
Extracting lithium fits with the “core capabilities” of a company like Chevron that has deep experience producing oil and gas, Wirth said on Sunday, without providing details of specific plans.