Chevron Boosts Synergies and Production Outlook, Volkswagen Faces Pay Talks, Trump Seeks Netanyahu Pardon

Key TakeawaysChevron (CVX) is significantly increasing its projected synergies from the Hess acquisition to $1.5 billion and structural cost reductions to between $3 billion and $4 billion by the end of 2026, alongside forecasting over 10% annual EPS growth at $70 Brent.The energy giant plans to grow its oil and gas production by 2-3% annually through 2030 while simultaneously reducing its capital expenditure (capex) guidance to $18-$21 billion per year.Volkswagen (VOW) has commenced negotiations with union ...