🛢️ Chevron Cuts 2025 Budget

And Europe's Energy Transition Crashes and Burns

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Chevron Cuts 2025 Budget

Chevron has just cut its planned capex for 2025.

Despite a pro-oil federal government on the way.

The supermajor is focusing on fiscal discipline and shareholder returns.

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Europe’s Transition Just Crashed and Burned

The EU needs to spend north of 1.3 trillion annually to hit its green targets.

There is not enough money in state coffers.

But hey, it can all work out just fine with a bit of effort—and more taxes.

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