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The Latest Breaking News from Mike Wirth

Netflix cofounder Reed Hastings says his first boss out of college would wash his dirty mugs at 4:30 a.m.—so now he does coffee runs for his staff too

After self-made billionaire Reed Hastings found out his boss was washing his dirty mugs, he’s learned to stay humble and connect with staffers—by giving them coffee in fresh cups.

Fortune

‘We don’t need the Hormuz Strait’: Donald Trump says, as fuel prices raise in the U.S.

President Donald Trump, who claims he’s been negotiating with Iran, now claims that the Strait of Hormuz is “not important” to the United States. But as the war wages on, fuel prices continue to climb and hurt consumers throughout the US.

The Mary Sue

Energy Stocks Surge on Oil Spike: Buy, Hold, or Take Profits?

Energy stocks are rallying amid geopolitical tensions and rising oil prices, but investors must decide whether to stay invested or lock in gains.

MarketBeat

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Stocks Slide Again as Crude Oil Controls: Stock Market Today

The energy shock is starting to show up in survey data, with a resolution of Middle East oil and gas infrastructure disruptions still well over the horizon.

Kiplinger

How CEOs are grappling with the greatest energy shock ever

Also: All the news and watercooler chat from Fortune.

Fortune

Chevron's CEO says oil prices are still too low—and the effects of the Strait of Hormuz closure are not 'fully priced in'

“Physical supply changes don’t respond immediately,” said Wirth. “Even when strait reopens at some point, it will take time.”

Fortune

Exxon and Chevron decline new spending in Venezuela while taking a wait-and-see approach for the years ahead

Exxon Mobil maintains long-term interest in Venezuela despite Trump’s threat to keep the company out, while Chevron aims to hike its Venezuelan volumes without any additional capital influx.

Fortune

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The art of the drill: Trump considers subsidies to push oil companies to drill in Venezuela

Two of the three major US oil companies pulled business out of Venezuela nearly two decades ago after assets were seized

The Independent UK

Exxon and Chevron hike oil production despite global glut and see more ‘frontier exploration’ as U.S. shale boom slows

Chevron cited more exploration efforts in Suriname, Brazil, Angola, Nigeria, Namibia, and the Middle East.

Fortune

CEO writes hundreds of thank you notes to staff and still eats in the break room—which 'always, for whatever reason, blows new employees away'

First Watch CEO Chris Tomasso isn’t afraid to pick up pen and paper—something similarly embraced by top business leaders at Chevron and even OpenAI.

Fortune

Chevron boss’s gripe about Australia: be more like the US or the Middle East

Mike Wirth, CEO of company responsible for more greenhouse gases than any other independently owned entity, thinks Australia should adopt US policies to attract fossil fuel dollars

The Guardian - AU

Exxon, Chevron Turn Page On Legal Fight As Profits Slip

Lower crude prices dented profits at ExxonMobil and Chevron as the companies signaled Friday they are moving past a legal fight over an acquisition ultimately won by the latter firm.

International Business Times

Chevron wins huge legal fight against Exxon to close $53 billion Hess acquisition—getting access to the biggest oil discovery of the century

The landmark legal ruling gives Chevron entry into the massive oil discovery in Guyana.

Fortune

Exxon and Chevron hold the line against tariffs, OPEC, and plunging oil prices

Exxon Mobil and Chevron are pushing back on “shortsighted” investors and maintaining their growth plans even as they feud with each other.

Fortune

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International Business Times

Lower Profits At US Oil Giants Amid Fall In Crude Prices

US oil giants ExxonMobil and Chevron reported lower profits Friday, reflecting the hit from falling crude prices amid global economic uncertainty surrounding President Donald Trump's tariffs.

The Guardian - US

Big oil gathers in Texas – but beneath the bravado, Trump-induced anxiety

Energy summit in Houston makes clear US is nowhere close to curbing fossil fuels, but tariffs are causing disquiet

Fortune

Chevron CEO weighs in on oil legislation after Trump pulled its license to operate in Venezuela: 'Swinging from one extreme to the other is not the right policy approach'

Trump’s slashed Chevron’s license to drill and export oil in Venezuela. Now, Chevron is calling for long-lasting legislation.

Fortune

Chevron layoffs come as energy giant unlocks more crude with far fewer rigs in the heart of the U.S. oil patch

“So we’ll have an asset that will produce something over 1 million barrels a day for many, many years into the future.”

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Fortune

Here's what Chevron CEO Mike Wirth thinks about the hit TV show 'Landman'

"And so, you know, there's certain aspects of it that are that are accurate and others that are probably just a touch exaggerated."

Kiplinger

Chevron Stock Declines Despite Another Dividend Hike

Chevron stock is down Friday after the integrated energy company missed fourth-quarter profit expectations. Here's what you need to know.

Latin Times

Chevron Warns White House That Russia, China Will Take Over Venezuelan Oil If Its License Is Revoked

Secretary of State Marco Rubio said the license should be reconsidered

Fortune

U.S. oil giant's CEO is a fan of this nuclear energy technology and thinks there could be a role 'for a company like ours'

"And so I'm a fan of the technology. I want to see it be successful. I think the world needs it, and there could be a role for a company like ours."

Fortune

Chevron CEO shares one of his leadership tips: Writing a ton of letters

“It’s important to me that I make sure people understand that I was paying attention and I really do value what they do.”

The Independent UK

Second-largest oil company ditches California for Texas to avoid increased regulations

Company cited Golden State’s regulations and climate lawsuit in decision to leave

Fortune

Chevron swears its relocation plans from California to Texas have nothing to do with politics

“It’s a move about what’s good for our company to compete and perform,” CEO Mike Wirth said.

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