Friday, November 29, 2024
Chevron bets on Middle East gas riches and reconciliation- oil and gas 360

Chevron bets on Middle East gas riches and reconciliation

Reuters HOUSTON/LONDON – After years of focusing on U.S. shale, Chevron Corp CVX.N is staking its natural gas future on the Middle East, a volatile and divided region where energy majors have long tread warily. CEO Michael Wirth’s pivot away from home is underpinned by a bet that the Middle East is entering an era of reconciliation that will make it