Chevron Continues to Grow Bigger and Better

Chevron (NYSE: CVX) has grown into one of the world's biggest energy companies over the decades. It spends billions of dollars each year to expand its operations organically and through acquisitions. Those investments to grow its business also increase its profitability and cash flow. However, Chevron doesn't just want to grow bigger; it wants to get better. It does that through its capital recycling program and initiatives to reduce its structural costs. It's taking several steps to get bigger and better in the future, which should put it in an even stronger position to grow shareholder value.Chevron recently reported solid third-quarter results. The oil giant grew its global production by 7% year over year in the period to nearly 3.4 million barrels of oil equivalent per day (BOE/d). Fueling that growth was its record production volumes in the Permian Basin and the acquisition of PDC Energy. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool