If the world economy is as robust as we’ve been told, why is the refining business going downhill? The layoff of twenty percent of anyone’s workforce is no minor hiccup.
Weak margins in the production of gasoline and diesel also hurt Chevron’s fourth quarter earnings, as its refining business posted a loss for the first time since 2020, raising pressure on CEO Mike Wirth.

My advice to Chevron? Shut down all your CA refineries … effective immediately. Why? Because I have always wanted the FAKE “greens” in CA to live in the world they’re MANDATING I live in … a world without …. Ewwwwwww … fossil fuels. A world FREE of hydrocarbons … yeayyyyyy!!
Let em have what they want. The supermajority leftist State led by the puppetry of Scott’s Weiner is attacking Chevron and BIG OIL … so … LEAVE. Give these morons exactly what they want. That’ll save you a shitload of $$$
The day the Earth stood still. But just for California.
Weak margins in the production of gasoline?
Just curious … how do you expense a $550 M shakedown payment to the locals?
https://richmondside.org/2024/08/14/richmond-city-council-oks-chevron-settlement/
That surely doesn’t help the margins, does it?
The insanity continues Kenji. I wonder how low the IQ must be of someone who wants to destroy that which makes their lives comfortable and livable. The so called settlement would be considered a ransom to continue doing business.
The refining business is going downhill because of the war on Internal combustion vehicles in most western countries, the war on plastics, the war on home-heating fuel, the phase-out of fueloil-fired power plants, etc.
Without “fossil” fuels billions of people will die. I do realize that is the ultimate goal of the “left” but as I usually suggest, they go first.