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Fortune

Eleanor Pringle

Chevron CEO says we're headed for oil at $100—but is confident consumers can handle it

Chevron Mike Wirth Oil OPEC Gas Prices Economy United States

Chevron CEO Mike Wirth visits "America's Newsroom" with hosts Bill Hemmer and Dana Perino at Fox News Channel Studios on September 18, 2023 in New York City. (Credit: Roy Rochlin—Getty Images)

Mike Wirth has bad news for consumers. Those eye-watering prices you’re seeing at gas stations? They likely will go even higher.

The Chevron CEO believes the current $95 price tag against a barrel of crude oil is set to hit $100—and rise beyond it.

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