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Chevron CEO Warns Depleted Buffers Risk Higher Prices
x/venezuelan
— Sep 11, 2026
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
x/lone-star-state
— 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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