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Chevron CEO says dividend to shareholders better than investing in wind, solar

Amnon Free Press/Central Press Syndicate, USA. Read, Enjoy and Share the Latest US News Updates.

September 15, 2021

HOUSTON (Reuters) – Chevron Corp Chief Executive Mike Wirth said on Wednesday the company prefers to pay dividends to shareholders than use the money to invest in solar and wind power production, due to the low return generated by these renewable fuel projects.

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(Reporting by Sabrina Valle; Editing by Chris Reese)

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