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The Latest Breaking News from Mike Wirth

Pump pain, Wall Street gain: Iran war sends U.S. oil profits, stocks soaring as the big winners

The higher oil price environment may extend well into 2028 as the world refills its depleted energy reserves, analysts warned.

Fortune

U.S. energy secretary says 7 million barrels of oil exiting Persian Gulf daily, but Chevron CEO rebuts the claim

Middle Eastern oil flows are rising, but U.S. crude stockpiles are still depleting.

Fortune

Oil bosses warn prices will soar in a matter of weeks as inventories near unprecedented lows — 'I mean really, really low levels'

"You can debate whether that’s going to hit those really low levels in two weeks or three weeks. Once you get to that point, then you’ll see price shoot up.”

Fortune

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Trump cheered at his own Florida golf course as he watches over PGA event amid Iran war and rising prices at home

Trump enjoys time with celebrity golfers as White House admits Iran talks have stalled and no end to conflict in sight

The Independent UK

Chevron CEO warns Trump’s oil crisis could get even worse

Two in three Americans blame Trump for high gas prices, according to Quinnipiac poll

The Independent UK

CEO writes hundreds of thank you notes to staff and still eats in the break room—which 'always, for whatever reason, blows new employees away'

First Watch CEO Chris Tomasso isn’t afraid to pick up pen and paper—something similarly embraced by top business leaders at Chevron and even OpenAI.

Fortune

Exxon Mobil CEO sees “more to come” on price spikes from Iran war as Exxon, Chevron beat on earnings despite plunging profits

Exxon and Chevron are maintaining a wait-and-see approach to Venezuela, but they're taking diverging paths in the booming Permian Basin.

Fortune

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Microsoft and Chevron enter exclusivity deal on powering West Texas data center complex

The colocated data center and power plant campus would start with 2.5 gigawatts of power and the potential to double that size.

Fortune

Netflix cofounder Reed Hastings says his first boss out of college would wash his dirty mugs at 4:30 a.m.—so now he does coffee runs for his staff too

After self-made billionaire Reed Hastings found out his boss was washing his dirty mugs, he’s learned to stay humble and connect with staffers—by giving them coffee in fresh cups.

Fortune

‘We don’t need the Hormuz Strait’: Donald Trump says, as fuel prices raise in the U.S.

President Donald Trump, who claims he’s been negotiating with Iran, now claims that the Strait of Hormuz is “not important” to the United States. But as the war wages on, fuel prices continue to climb and hurt consumers throughout the US.

The Mary Sue

Energy Stocks Surge on Oil Spike: Buy, Hold, or Take Profits?

Energy stocks are rallying amid geopolitical tensions and rising oil prices, but investors must decide whether to stay invested or lock in gains.

MarketBeat

Stocks Slide Again as Crude Oil Controls: Stock Market Today

The energy shock is starting to show up in survey data, with a resolution of Middle East oil and gas infrastructure disruptions still well over the horizon.

Kiplinger

How CEOs are grappling with the greatest energy shock ever

Also: All the news and watercooler chat from Fortune.

Fortune

Chevron's CEO says oil prices are still too low—and the effects of the Strait of Hormuz closure are not 'fully priced in'

“Physical supply changes don’t respond immediately,” said Wirth. “Even when strait reopens at some point, it will take time.”

Fortune

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news in one place.

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Fortune

Exxon and Chevron decline new spending in Venezuela while taking a wait-and-see approach for the years ahead

Exxon Mobil maintains long-term interest in Venezuela despite Trump’s threat to keep the company out, while Chevron aims to hike its Venezuelan volumes without any additional capital influx.

The Independent UK

The art of the drill: Trump considers subsidies to push oil companies to drill in Venezuela

Two of the three major US oil companies pulled business out of Venezuela nearly two decades ago after assets were seized

Fortune

Exxon and Chevron hike oil production despite global glut and see more ‘frontier exploration’ as U.S. shale boom slows

Chevron cited more exploration efforts in Suriname, Brazil, Angola, Nigeria, Namibia, and the Middle East.

Fortune

CEO writes hundreds of thank you notes to staff and still eats in the break room—which 'always, for whatever reason, blows new employees away'

First Watch CEO Chris Tomasso isn’t afraid to pick up pen and paper—something similarly embraced by top business leaders at Chevron and even OpenAI.

Get all your
news in one place.

100's of premium titles.
One news app.

The Guardian - AU

Chevron boss’s gripe about Australia: be more like the US or the Middle East

Mike Wirth, CEO of company responsible for more greenhouse gases than any other independently owned entity, thinks Australia should adopt US policies to attract fossil fuel dollars

International Business Times

Exxon, Chevron Turn Page On Legal Fight As Profits Slip

Lower crude prices dented profits at ExxonMobil and Chevron as the companies signaled Friday they are moving past a legal fight over an acquisition ultimately won by the latter firm.

Fortune

Chevron wins huge legal fight against Exxon to close $53 billion Hess acquisition—getting access to the biggest oil discovery of the century

The landmark legal ruling gives Chevron entry into the massive oil discovery in Guyana.

Fortune

Exxon and Chevron hold the line against tariffs, OPEC, and plunging oil prices

Exxon Mobil and Chevron are pushing back on “shortsighted” investors and maintaining their growth plans even as they feud with each other.

International Business Times

Lower Profits At US Oil Giants Amid Fall In Crude Prices

US oil giants ExxonMobil and Chevron reported lower profits Friday, reflecting the hit from falling crude prices amid global economic uncertainty surrounding President Donald Trump's tariffs.

The Guardian - US

Big oil gathers in Texas – but beneath the bravado, Trump-induced anxiety

Energy summit in Houston makes clear US is nowhere close to curbing fossil fuels, but tariffs are causing disquiet

Fortune

Chevron CEO weighs in on oil legislation after Trump pulled its license to operate in Venezuela: 'Swinging from one extreme to the other is not the right policy approach'

Trump’s slashed Chevron’s license to drill and export oil in Venezuela. Now, Chevron is calling for long-lasting legislation.

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