Chevron CEO says Iran war impact isn't fully priced into oil market, traders have ‘scant information' [CNBC]
Chevron Corporation (CVX)
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Source: CNBC
Wirth said the futures market is trading on “scant information” and “perception.” The CEO cautioned it will take time to restart production that has been dialed back and repair damaged facilities. Mike Wirth, chief executive officer of Chevron Corp., at the CERAWeek by S&P Global conference in Houston, Texas, US, on Monday, March 23, 2026. Carter Smith | Bloomberg | Getty Images HOUSTON — The oil futures market has not fully priced in the scale of the supply disruption triggered by the closure of the Strait of Hormuz, Chevron CEO Mike Wirth said Monday. “There are very real, physical manifestations of the closure of the Strait of Hormuz that are working their way around the world and through the system that I don't think are fully priced into the futures curves on oil,” Wirth said at S&P Global's CERAWeek conference in Houston, Texas. Oil prices plunged 9% on Monday after President Donald Trump told CNBC that he is “very intent on making a deal with Iran.” Trump postponed
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CVX
Earnings
- 1/30/26 - Beat
CVX
Sec Filings
- 3/10/26 - Form 4
- 3/6/26 - Form 144
- 3/4/26 - Form 3
- CVX's page on the SEC website