Squawk on the Street

Apple and Amazon Earnings Reaction, Chevron CEO "First on CNBC," Jobs Report Surprise 11/01/24

Nov 1, 2024
Mike Wirth, the Chairman and CEO of Chevron, dives into the company's strong Q3 performance, driven by strategic cost reductions and increased production. He shares insights on significant growth in oil production specifically in the Permian Basin and Kazakhstan. The discussion also covers the broader implications of October's disappointing job creation numbers and market reactions to tech giants Apple and Amazon. Wirth explores the energy sector's future, particularly amid shifting economic trends and evolving strategies.
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