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- 🛢️ Chevron Cuts 2025 Budget
🛢️ Chevron Cuts 2025 Budget
And Europe's Energy Transition Crashes and Burns
Good morning, here's what the Oilman has for you today:

Chevron Cuts 2025 Budget
Chevron has just cut its planned capex for 2025.
Despite a pro-oil federal government on the way.
Trump's genuinely hilarious message to RFK Jr:
"Leave the oil to me. We have more liquid gold than any country in the world. Bobby, stay away from the liquid gold. Other than that, have a good time Bobby."Trump Makes America Great Again, Bobby Makes America Healthy Again… x.com/i/web/status/1…
— Eric Abbenante (@EricAbbenante)
7:50 AM • Nov 6, 2024
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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