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Chevron CEO Warns Depleted Buffers Risk Higher Prices
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.
Finance · 11 sources · Sep 11, 2026Read itThe journal
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ReaderAbout Mike Wirth
Michael K. Wirth is an American businessman who has been the chairman and CEO of Chevron Corporation since 2018. Previously, he was the vice chairman of the company.
Everything about Mike Wirth →- Occupation
- engineer, chief executive officer
- Citizenship
- United States
- Born
- 1960