NYSE:CVXOil and Gas
Chevron Scrutiny In California Puts Gas Margins And Valuation In Focus
Chevron (NYSE:CVX) is under growing scrutiny in California over its gasoline pricing and record retail margins at the pump.
A new report links Chevron to a funded advocacy group that is actively lobbying to shape public views on high fuel prices.
State officials and consumer groups are questioning whether Chevron is using market power to influence margins and blame public policy for price volatility.
The tension coincides with geopolitical supply shocks and major operational updates across...