Tim Wirth

Chevron CEO explains why the oil giant’s lower-carbon investments look past wind and solar energy

September 16, 2021

CNBC Chevron Chairman and CEO Mike Wirth told CNBC on Wednesday the oil company’s lower-carbon investments focus on areas such as renewable natural gas and hydrogen because it sees significant potential to create shareholder value. “One of the things we’ve chosen not to go into is wind and solar,” Wirth said in a “Mad Money” interview. “These are technologies that are relatively mature.

Chevron CEO says the dividend is the company’s No. 1 priority and is ‘very secure’

March 24, 2020

CNBC Chevron shares surged Tuesday after the company announced cost-cutting measures, but promised not to slash its dividend despite mounting pressure from falling crude prices. “Our dividend is our number one priority and it’s very secure,” Chevron CEO Michael Wirth said Tuesday on CNBC’s “Squawk Box.” “We’re taking actions to preserve cash. It will have some impact on production in the near

We may not see $100 oil ‘for a long time,’ says Chevron CEO

January 23, 2020

CNBC Chevron CEO Michael Wirth told CNBC on Thursday that oil prices may not reach $100 for a “long time” thanks to the boom in U.S. shale production. “Oil markets have really changed over the last decade or so,” Wirth said on “Squawk Box” from the World Economic Forum in Davos, Switzerland. “We’ve moved from a period of time where there was a

Chevron CEO explains why the oil giant’s lower-carbon investments look past wind and solar energy

Chevron CEO says the dividend is the company’s No. 1 priority and is ‘very secure’

We may not see $100 oil ‘for a long time,’ says Chevron CEO

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