Chevron, Venezuela and Big Oil
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Mike Wirth, chairman and CEO of Chevron, joins 'Squawk on the Street' to discuss the company's latest earnings report, Venezuela, and more.
Chevron Corp. intends to finance Venezuelan oil investments with cash from oil sales rather than committing new capital to the country, Chief Financial Officer Eimear Bonner said in an interview.
By Sheila Dang HOUSTON, Jan 30 (Reuters) - Chevron's fourth-quarter profits fell but came in ahead of estimates as it focused on cutting costs and making its operations more efficient to contend with lower crude prices throughout 2025.
Venezuela makes up less than 10% of Chevron’s production, but has investors transfixed.
Exxon Mobil Corp. and Chevron Corp. surpassed profit expectations as higher oil production helped offset the blow from lower crude prices.