Chevron Joins Fusion Race with $398 Billion Bet on Low-Carbon Energy

Chevron has committed significant capital to nuclear fusion projects, joining peers like Shell and Equinor in this effort.

This move marks Chevron's entry into the race to develop commercial fusion as a potential future source of low-carbon energy.

The investment is part of Chevron's broader strategy to diversify its long-term energy mix beyond conventional hydrocarbons.

Chevron, one of the largest integrated oil and gas companies globally with a market value of about $398.4 billion, has operations spanning energy production, refining, and chemicals.