Chevron News - May 5, 2026

Chevron CEO Warns of Physical Oil Shortages, Citing Hormuz Strait Closure

Chevron CEO Mike Wirth warned of imminent physical global oil shortages during a Milken Institute event. The ongoing closure of the Strait of Hormuz serves as...

Chevron Launches Malta Oil Exploration, Targeting Untapped Mediterranean Resources

Chevron announced Tuesday it will begin oil and gas exploration in several blocks south of Malta. The initiative expands the company's Mediterranean...