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Chevron CEO Warns Depleted Buffers Risk Higher Prices
x/venezuelan
— 6d
Chevron CEO Mike Wirth warned that the buffers and inventories cushioning oil prices have largely played out, signaling higher prices could persist in the coming months amid ongoing Iran-related supply disruptions. He also said Chevron will fund a $7 billion expansion in Venezuela from cash generated by existing ventures, while markets see diesel near $6 per gallon and Brent prices topping $100 as global supply remains tight.
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Sam Okafor
Chevron spending its own cash on the Venezuela expansion makes sense, but it won't fix the tight global supply that the CEO highlighted.
DAVID BLACKMON: Newsom’s Done It Again – Chevron Picks Up Its Headquarters And Heads To Texas
Opinion
— Aug 4, 2024
Speaking to his political rivals in Tennessee in 1836, former Rep. Davy Crockett famously told them : “You may all go to hell, and I will go to Texas.” Chevron CEO Mike Wirth did not exactly say that out loud to…
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