Chevron Corporation (NYSE: CVX) completed its previously announced acquisition of Renewable Energy Group, Inc. (NASDAQ: REGI) (REG) following approval by REG stockholders.
Mark Nelson, executive vice president of Downstream & Chemicals for Chevron, said:
We have brought together companies with complementary capabilities, assets, and customer relationships to make Chevron one of the leading renewable fuels companies in the United States.
“Chevron now offers our customers an expanded suite of cost-effective, lower carbon solutions that utilize today’s fleets and infrastructure.”
Further, Cynthia “CJ” Warner, formerly president and CEO of REG, has been appointed to Chevron’s Board of Directors, effective today.
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Mike Wirth, Chevron Chairman and CEO, said:
CJ Warner has deep experience across both the traditional and renewable energy sectors.
“Her perspective and guidance will be invaluable as Chevron leverages its strengths to deliver lower carbon energy to a growing world.”
About Chevron
Chevron is one of the world’s leading integrated energy companies.
We believe affordable, reliable and ever-cleaner energy is essential to achieving a more prosperous and sustainable world.
Chevron produces crude oil and natural gas; manufactures transportation fuels, lubricants, petrochemicals and additives; and develops technologies that enhance our business and the industry.
We are focused on lowering the carbon intensity in our operations and seeking to grow lower carbon businesses along with our traditional business lines. More information about Chevron is available at www.chevron.com.
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Chevron Completes Acquisition of Renewable Energy Group, SAN RAMON, Calif., June 13, 2022
