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press release

May 2, 2022, 4:05 p.m. EDT

Chevron, Bunge Launch Renewable Fuel Feedstocks Joint Venture

SAN RAMON, Calif. & ST. LOUIS, (BUSINESS WIRE) -- Chevron U.S.A. Inc., a subsidiary of Chevron Corporation /zigman2/quotes/205871374/composite CVX -0.76% , and Bunge North America, Inc., a subsidiary of Bunge Limited /zigman2/quotes/208554679/composite BG +0.40% , announced today the creation of Bunge Chevron Ag Renewables LLC, signaling the close of their previously announced transaction. The new company will develop renewable fuel feedstocks leveraging Bunge’s expertise in oilseed processing and farmer relationships and Chevron’s expertise in fuels manufacturing and marketing.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220502005585/en/

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 .

About Bunge

At Bunge /zigman2/quotes/208554679/composite BG +0.40% , our purpose is to connect farmers to consumers to deliver essential food, feed and fuel to the world. With more than two centuries of experience, unmatched global scale and deeply rooted relationships, we work to put quality food on the table, increase sustainability where we operate, strengthen global food security, and help communities prosper. As the world’s leader in oilseed processing and a leading producer and supplier of specialty plant-based oils and fats, we value our partnerships with farmers to improve the productivity and environmental efficiency of agriculture across our value chains and to bring quality products from where they’re grown to where they’re consumed. At the same time, we collaborate with our customers to create and reimagine the future of food, developing tailored and innovative solutions to meet evolving dietary needs and trends in every part of the world. Our Company is headquartered in St. Louis, Missouri, and we have almost 23,000 dedicated employees working across approximately 300 facilities located in more than 40 countries.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220502005585/en/

SOURCE: Bunge Limited

Investor Contacts:
Roderick Green
Chevron
invest@chevron.com Ruth Ann Wisener
Bunge Limited
636-292-3014
Ruthann.wisener@bunge.com Media Contacts:
Tyler Kruzich
Chevron
925-549-8686
tkruzich@chevron.com Bunge News Bureau
Bunge Limited
636-292-3022
news@bunge.com

COMTEX_406595971/2456/2022-05-02T16:05:29

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Copyright Business Wire 2022

/zigman2/quotes/205871374/composite
US : U.S.: NYSE
$ 143.67
-1.10 -0.76%
Volume: 9.40M
Sept. 30, 2022 4:03p
P/E Ratio
9.60
Dividend Yield
3.95%
Market Cap
$281.22 billion
Rev. per Employee
$4.86M
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/zigman2/quotes/208554679/composite
US : U.S.: NYSE
$ 82.57
+0.33 +0.40%
Volume: 1.05M
Sept. 30, 2022 4:00p
P/E Ratio
7.11
Dividend Yield
3.03%
Market Cap
$12.49 billion
Rev. per Employee
$2.94M
loading...
/zigman2/quotes/208554679/composite
US : U.S.: NYSE
$ 82.57
+0.33 +0.40%
Volume: 1.05M
Sept. 30, 2022 4:00p
P/E Ratio
7.11
Dividend Yield
3.03%
Market Cap
$12.49 billion
Rev. per Employee
$2.94M
loading...

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