- Chevron CEO Mike Wirth spoke to the need for U.S. legislation in the oil industry weeks after President Donald Trump ordered to kill Chevron’s license to drill and export Venezuelan oil. Trump's executive order punished Venezuela for not cooperating with an agreement to bring Venezuelan migrants living in the U.S. back to their home country. Wirth emphasized the importance for industry stability after administration changes and called for stronger oil legislation.
Chevron CEO Mike Wirth said U.S. oil legislation should be more “durable” and not be at “risk of being swung back in another direction by a future administration” after President Donald Trump’s executive order that to halt the company’s production in the country.
