What percentage of Chevron's global oil output currently comes from the Middle East, and how does that compare to some international rivals?

Chevron relies on the Middle East for about 5% of its global output, which is less than some international rivals that get 20% or more of their overall production from the region.

According to CEO Mike Wirth, what recent development has made Chevron more open to expanding its presence in the Middle East?

CEO Mike Wirth said Chevron is open to expanding its Middle East footprint because the terms on offer from would-be partners have improved recently.

Chevron May Expand Middle East Footprint Over Time, CEO Says

Jun 12, 2026

Chevron CEO Mike Wirth indicated potential Middle East expansion despite Iran conflict risks, noting improved partner terms. Simultaneously, US officials confirmed increased oil transit through the Strait of Hormuz, driving crude prices lower.

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