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Mike Wirth is in his fifth year as chief executive of Chevron. High oil and natural-gas prices lifted Chevron’s annual profit last year to a record $35.5 billion.
With buybacks from Exxon to Chevron to Meta booming, President Biden is facing reality: the 1% tax Democrats passed isn’t working. But he probably knew that.
“I think we’re rushing in before we even really know what electricity is.”
U.S. oil giant Chevron has restarted talks with Algeriato close an energy exploration deal as the company looks to replace Russian oil, per the WSJ Monday.
Following are excerpts from the unofficial transcript of a CNBC interview with Chevron CEO Michael Wirth on CNBC’s “Squawk Box”