21st January 2025
EP Report
Michael Wirth, CEO of Chevron, said recently that the company is in a position to increase its cash flow from free to $8 billion and to reduce expenses "by a couple of billion dollars".
The U.S. oil producer No.2 expects to benefit from the start of new or expanded oil production projects in Kazakhstan, U.S. shale and offshore Gulf of Mexico.
The No. 2 U.S. Oil Producer expects to see positive results from new or expanded oil projects in Kazakhstan, U.S. Shale and offshore U.S. Gulf of Mexico.
Wirth, in his remarks at the Goldman Sachs Energy, CleanTech & Utilities Conference, Miami, said that oil production in the Gulf of Mexico would increase to 300,000 bbls of oil per day by 2026, from 200,000 barrels last year.
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