Latest News

Chevron CEO Sees Russian Oil Output Falling After Exit of Western Firms


European Union leaders took a big step in the economic fight against Moscow over its invasion of Ukraine by agreeing to block 90% of Russian oil imports by year-end. The embargo faced opposition from countries highly dependent on Russian crude, especially Hungary. Photo: Olivier Matthys/Associated Press

Russia is still finding a home for much of its oil despite , but its production likely will diminish following the departure of western oil companies, Chevron Chief Executive Mike Wirth said.

In a meeting with Wall Street Journal reporters and editors this week, Mr. Wirth noted that many countries continued , one of the world’s top oil producers along with the U.S. and Saudi Arabia.

Rivian’s Great EV Expectations Meet the Harsh Reality of Manufacturing

Previous article

Edelman CEO advice to other top execs: Beware of the ‘pushback against wokeness’

Next article

You may also like


Leave a reply

Your email address will not be published. Required fields are marked *

More in Latest News