Chevron company headlines, earnings, strategy, leadership, and market-moving business updates.
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Chevron’s chief executive, Mike Wirth, said the company is evaluating a pipeline route designed to reduce reliance on the Strait of Hormuz, a chokepoint through which a large share of global oil shipments pass.
THE APEX TIMES
THE APEX TIMES
Chevron’s stock fell after oil prices dropped sharply, with traders pointing to a shift in U.S. plans on Iran and a potential pivot toward negotiations.
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President Donald Trump took aim at Chevron Corp. CEO Mike Wirth on Aug. 3, alleging that Wirth did not credit the administration’s energy stance during an interview on Fox Business Network.
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With retail gasoline described as pushing past $4 a gallon, Donald Trump pointed to the oil industry and called on Chevron to reduce costs at the pump, shifting attention away from his own policy record.
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HF Sinclair said its Lubricants & Specialties business has secured long-term commercial agreements intended to support a strategic base oil supply network, naming SK Enmove and Chevron among the counterparties.
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Chevron Products Company said it is broadening the way it supplies base oils across North America, aiming to strengthen distribution reach as demand and customer needs in lubricants and industrial applications evolve.
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Chevron Products Company said it will strengthen its North American logistics network for base oils and related process oils, aiming to improve customer access to premium supplies.
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Mike Wirth said Chevron is in discussions with Iraq that could involve entering one or two oil fields and using a framework that would enable a pipeline route designed to reduce reliance on shipping through the Strait of Hormuz.
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The company warned that global refining constraints, alongside disruptions linked to Russia and the Middle East, may support higher fuel prices for longer than traders expect.
