Chevron CEO Sees Oil Gap

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Chevron CEO Sees Oil Gap

B
Benzinga

8 Views • Mar 24, 2026

Description

Chevron CEO Mike Wirth warned oil futures are underpricing the Strait of Hormuz supply disruption, with physical markets tighter than May contracts at $88.13 suggest. Oil fell 10%+ after Trump paused strikes for five days, but Wirth cautioned production recovery will take considerable time.