Chevron CEO Mike Wirth Talks Energy Markets, Iran War

Chevron CEO Mike Wirth Talks Energy Markets, Iran War

Chevron CEO Mike Wirth joins Bloomberg TV from the Milken Conference in Beverly Hills to discuss the impact of renewed conflict and the Strait of Hormuz closure on global energy markets. He said about 20% of the world’s energy flows through the strait and warned that inventories and system buffers are being drawn down, increasing price volatility and the risk of supply outages, particularly in Europe and Asia.

Wirth noted Chevron has slowed some production in Kuwait and Saudi Arabia and cut back petrochemical output, though the firm is less exposed than peers. Despite recent volatility costing Chevron about $3 billion, he said the company plans to grow production 7–10% globally this year versus roughly 2% demand growth, using scenario analysis rather than point forecasts to guide decisions.

See omnystudio.com/listener for privacy information.

Avsnitt(2799)

IBM Vice Chairman Gary Cohn Talks AI Finance

IBM Vice Chairman Gary Cohn Talks AI Finance

IBM Vice Chairman Gary Cohn joined Katie Greifeld and Romaine Bostick live from the Milken Global Conference in California to discuss the transformative future of AI and how finance will play a role. ...

4 Maj 11min

US Senator Ted Cruz (R - Texas) Talks Strait of Hormuz, War Timeline, Spirit Airlines

US Senator Ted Cruz (R - Texas) Talks Strait of Hormuz, War Timeline, Spirit Airlines

US Senator Ted Cruz, Chairman of the Senate Commerce Committee, joined Bloomberg TV following his participation in a panel on economic mobility at the Milken Institute Global Conference. As chairman, ...

4 Maj 8min

Pershing Square Founder & CEO Bill Ackman Talks Succession, Universal Music Bid and Mamdani

Pershing Square Founder & CEO Bill Ackman Talks Succession, Universal Music Bid and Mamdani

Pershing Square Founder and CEO Bill Ackman says succession at the company is already in place. Speaking with Bloomberg's Dani Burger at the Milken Institute Global Conference in Beverly Hills, Califo...

4 Maj 13min

Eurasia Group President Ian Bremmer Talks Iran War, Strait of Hormuz

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Eurasia Group President Ian Bremmer says President Donald Trump doesn't have the ability to reopen the Strait of Hormuz right now. But he does say Iran is desperate. He speaks to Joe Mathieu and Carol...

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Apollo Co-President John Zito Talks Private Credit Fears

Apollo Co-President John Zito Talks Private Credit Fears

Apollo Asset Management co-President John Zito talks about how AI is impacting investing and private credit. “Everyone is acknowledging we will be in a higher-volatility regime, but they are not ackno...

4 Maj 15min

Chevron CFO Eimear Bonner Talks Navigating Middle East Conflict

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Chevron shares fell at the end of the week after a "messy" first quarter report, according to analysts. Company CFO Eimear Bonner spoke with Bloomberg's Annmarie Hordern about boosting buyback, storag...

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Brooks Running CEO Dan Sheridan Talks Running Shoes

Brooks Running CEO Dan Sheridan breaks down his company's latest earnings and its outlook for the rest of the year. He speaks with hosts Carol Massar and Tim Stenovec.See omnystudio.com/listener for p...

1 Maj 11min

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