What percentage of Chevron's current output comes from the Middle East, and what does CEO Mike Wirth say about the region's investment terms?

According to the news, the Middle East currently accounts for about 5% of Chevron's output. CEO Mike Wirth stated that 'terms of investing in the region are better than they've historically been' and that countries there have been willing to engage in negotiations offering 'what we view as a fair balance of returns for investors.' He added that Chevron has already made 'some deals there over the last year or two' and is 'in discussions with others.'

What did Chevron CEO Mike Wirth indicate about the company's future exposure to the Middle East?

Chevron CEO Mike Wirth said the company is 'continuing to look at new opportunities in the Middle East and may have more exposure to the region in the future.' This statement reflects an active strategic interest—not just passive observation—and signals potential growth in Chevron's regional footprint, driven by improved investment terms and ongoing negotiations with Middle Eastern countries.

Chevron Continues to Look at New Opportunities in Middle East, CEO Says

Jun 12, 2026

Chevron CEO Mike Wirth confirmed ongoing investment interest in the Middle East, citing favorable terms, with the region currently accounting for approximately 5% of the company's total output.

reuters

2026-06-12

Chevron Continues to Look at New Opportunities in Middle East, CEO Says

Chevron Continues to Look at New Opportunities in Middle East, CEO Says

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