Replies to post #25182 on The Rising Influence of Rising Affluence

[DewDiligence]

CVX is the first company I’ve encountered that issues a transcript of a conference-call’s prepared remarks interlaced with the relevant presentation slides. Why don’t other companies do this?

[DewDiligence]

CVX acquires REGI at 40% premium to Friday’s close:

https://chevroncorp.gcs-web.com/news-releases/news-release-details/chevron-announces-agreement-acquire-renewable-energy-group

The acquisition combines REG’s growing renewable fuels production and leading feedstock capabilities with Chevron’s large manufacturing, distribution and commercial marketing position.

… The transaction is expected to accelerate progress toward Chevron’s goal to grow renewable fuels production capacity to 100,000 barrels per day by 2030 and brings additional feedstock supplies and pre-treatment facilities. After closing of the acquisition, Chevron’s renewable fuels business, Renewable Fuels - REG, will be headquartered in Ames, Iowa. In addition, CJ Warner is expected to join Chevron’s Board of Directors.

The nominal deal value is $2.75B.

CVX is holding its 2022 Investor Day presentation today.

[DewDiligence]

CVX 1Q22 results…

PR:
https://chevroncorp.gcs-web.com/static-files/1c5a90aa-9140-4a3c-94ea-fd21fe370c0b

CC slides:
https://chevroncorp.gcs-web.com/static-files/e53171fd-1b1d-4a5e-8e1d-e1da2ec8e28c