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Chevron CEO warns US diesel export ban could worsen global energy crisis

Market News
07 Oct 2026
New York Post
View Source
Neutral
Chevron CEO warns US diesel export ban could worsen global energy crisis

Chevron CEO Mike Wirth cautioned that a US ban on diesel exports would reduce global supply and potentially worsen the energy crisis. Despite President Trump's earlier threat, the ban was dropped after Europe agreed to release fuel reserves. Wirth highlighted the fragile state of global oil inventories and emphasized Venezuela's role in Chevron's long-term production plans. Chevron's shares have risen 33% this year, boosted by high oil prices and strong profits.

Chevron shares trade at USD 205.24 on Pluang as of Oct 07, 2026 22:02 WIB, down 1.14% in the last day. The stock has gained 33% this year, reflecting strong oil prices and profits despite recent volatility. Chevron's market cap stands at $407.19 billion, with a dividend yield of 3.43%, while Pluang order activity shows a slight tilt toward selling at 54%.

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