Chevron CEO Mike Wirth warned that depleted oil stockpiles amid geopolitical conflicts could drive crude prices higher soon, while the company plans a $7 billion Venezuela expansion funded internally.
Chevron is nearing deals to invest billions in rebuilding Venezuela's oil fields, potentially adding two heavy-oil operations. Halliburton is also in talks to supply equipment to local producers.
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 St
Chevron CEO Mike Wirth urges Venezuela to cut taxes and royalties to enable fresh investment beyond debt recovery. Current fiscal terms lack clarity and fail to provide sufficient returns for investor
Chevron CEO Mike Wirth confirmed multiple vessel attacks in the Strait of Hormuz, warning of ongoing risks regardless of peace deals. He stated Chevron won't pay tolls, leaving resumption of oil trade
The US-Iran ceasefire held after clashes in the Strait of Hormuz disrupted oil shipments, raising concerns for Chevron and Iraq's discounted crude offers. Oil prices dipped as attacks on UAE terminals
Chevron CEO Mike Wirth warned of tightening oil supplies and price volatility due to US-Iran tensions threatening Strait of Hormuz transit, though US fuel shortages remain unlikely.
ChemBrief