Wirth ponders a too-fast transition

CHEVRON Corporation announced earlier this week it would commit billions of dollars to decarbonisation efforts; however, company chief Michael Wirth still expects strong prices for oil and natural gas to continue for some time.

Wirth ponders a too-fast transition Wirth ponders a too-fast transition Wirth ponders a too-fast transition Wirth ponders a too-fast transition Wirth ponders a too-fast transition

Chevron CEO and president Michael Wirth

Wirth told Bloomberg overnight that hesitancy to commit to new drilling campaigns from a combination of COVID-19 and ESG fears are leading to supply shortages, with Europe facing its worst gas supply