Barron's Streetwise
CEO Chat: Chevron's Mike Wirth
Jul 2, 2021
Chevron's CEO Mike Wirth discusses oil price fluctuations, production forecasts, and converting dairy farms into gas plants. They explore rising oil prices, OPEC Plus production, and investor interest in decarbonization. Chevron's focus is on renewable technologies, sustainable aviation fuel, hydrogen production, and carbon reduction. They also analyze the company's competitive strengths and industry strategies in addressing climate change.
10:58
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Quick takeaways
- Oil companies are integrating renewable technologies to reduce carbon intensity and meet sustainability goals.
- The oil industry is working towards finding a balance between supply and demand amidst market volatility.
Deep dives
Challenges of the Energy Industry
The podcast delves into the dual challenge facing the energy industry - meeting the world's energy needs while addressing the pressing issues of climate change. The conversation with the CEO of Chevron explores how oil companies are navigating the increasing pressure from shareholders to take action on climate change amid the demand for energy to sustain economies and everyday operations.
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