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29.05.26 - 15:24
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Chevron CEO Wirth on Oil Prices, Strait of Hormuz, Venezuela (Bloomberg)
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Chevron Chairman & CEO Mike Wirth discusses the impact of the war in Iran on oil prices and global supplies, multiple attacks this week on vessels transiting the Strait of Hormuz, the company's view on Venezuela, and potential oil and gasoline shortages. He speaks on “Bloomberg Surveillance.” (Source: Bloomberg)...
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29.05.26 - 15:06
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Chevron Names New General Counsel (Business Wire)
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R. Hewitt Pate to retire after 17 years with the company
Scott A. Keller named general counsel
HOUSTON--(BUSINESS WIRE)--Chevron Corporation (NYSE: CVX) today announced the appointment of Scott A. Keller as general counsel.
Keller, 44, will join Chevron on July 1 as general counsel, and will report to Chevron's current chief legal officer, R. Hewitt Pate, in anticipation of Pate's expected retirement in mid-2027 after 17 years of service.
Upon his expected appointment to the position of chief legal officer, effective January 1, 2027, Keller will lead the company's worldwide legal affairs. He will report to Chevron Chairman and CEO Mike Wirth.
“Scott brings exceptional experience and expertise, including a strong record of leading through complex matters and a clear understanding of the issues shaping our business environment,” Wirth said. “I'm pleased to welcome Scott to Chevron and look forward to the valuable experience and perspective he will bring to our company.”
Keller is a leading appel...
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29.05.26 - 05:27
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"Approaching Unheard Of Inventory Levels": Exxon, Chevron Issue Apocalyptic Warning About What Happens Next To Oil (ZeroHedge)
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"Approaching Unheard Of Inventory Levels": Exxon, Chevron Issue Apocalyptic Warning About What Happens Next To Oil
Just about two months ago, JPMorgan did the math on "How Long Before The World Hits Crude Oil Operational Minimum." The punchline was that while the market can hold hundreds of millions of barrels, it would still become fragile once working stocks fell too low. Like blood pressure in the human body, the issue is circulation.
Then, approximately 4 weeks later, the bank followed up this analysis with some more math, explaining "Why Hormuz Will Reopen By September... One Way Or Another." The bank calculated that of the 8.4 billion barrels in global oil inventories at the start of 2026, only 0.8 billion barrels were realistically available without pushing the system into operational stress. Long story short (and the long story can be found here), OECD commercial stocks could fall to operational stress levels by June, and then hit the global operational...
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