Chevron Archives - Page 4 of 20

Chevron CEO Sees More Pipelines Built to Bypass Strait of Hormuz – More unreported attacks in the Strait impact transits.

May 30, 2026 Clark Savage191

In a wide-ranging Bloomberg Surveillance interview aired today, Chevron Chairman and CEO Mike Wirth painted a sobering picture of ongoing disruptions in the Strait of Hormuz while signaling that the industry is accelerating plans for alternative infrastructure to reduce reliance on the critical chokepoint. Wirth confirmed that multiple vessels transiting the Strait of Hormuz have […]

Ford Launches a $2 Billion Energy Business Stepping Up as a Hyperscaler

May 30, 2026 Clark Savage141

Following Chevron, ExxonMobil, EQT, and Liberty Energy, Ford is rolling in as a hyperscaler and entering the utility market The AI power crunch is creating unlikely heroes across the energy landscape. While hyperscalers scramble for gigawatts that the grid simply cannot deliver fast enough, traditional energy giants have already stepped up with gas-fired generation, carbon […]

Philippines Receives First Iranian Crude Cargo Since Hormuz Blockade

May 30, 2026May 30, 2026 Clark Savage206

May 29, 2026 The Philippines has received its first cargo of Iranian crude oil since the disruption of the Strait of Hormuz, marking a notable development in the country’s efforts to secure energy supplies amid ongoing global oil market volatility, according to tanker-tracking data from Kpler and Vortexa reported by Reuters, a Suezmax vessel carrying up […]

Oil from US Emergency Reserves Heads to California for the First Time, Kpler Says

May 28, 2026 Clark Savage153

In a notable development underscoring shifting global energy trade flows amid ongoing Middle East tensions, a cargo of crude oil drawn from the U.S. Strategic Petroleum Reserve (SPR) is heading to California for the first time ever, according to ship-tracking firm Kpler. The shipment involves approximately 460,000 barrels of Bayou Choctaw Sweet crude destined for […]

Jones Act Waiver Data Makes The Case For FULL REPEAL — NOW

May 20, 2026 Clark Savage177

The numbers don’t lie. In just the first ~50 days after the Trump administration’s March 17, 2026, Jones Act waiver for energy products and fertilizer, 45 voyages moved cargo on 35 foreign-flagged vessels across more than 30 U.S. ports and a dozen-plus cargo types. This wasn’t foreign ships stealing work from American ones. The Jones […]

121 Empty Tankers Headed to the United States: America’s Energy Dominance on Full Display Amid Global Supply Shock

May 19, 2026 Clark Savage250

A viral post on X by Pascal Najadi (@JfkPascalNajadX) on May 19, 2026, has reignited discussion: “ MASSIVE DEVELOPMENT: At least 121 EMPTY OIL TANKERS are making their way to the United States of America right now. 68 of them can carry 2 MILLION BARRELS EACH. Holy smokes! We are the world’s gas station now! […]

$6 gas and refinery fears collide with California’s climate ambitions

May 19, 2026May 19, 2026 Clark Savage139

By Alejandro Lazo, CalMatters This story was originally published by CalMatters. Sign up for their newsletters. California is considering handing oil refineries and other major polluters billions of dollars in free emission allowances just as the state says carbon reductions need to come faster than ever. In the last six months, two refineries have closed […]

AI Investments Keep Lining Up, But Are We Sure About Returns?

May 17, 2026 Clark Savage168

The AI gold rush is in full swing. Hyperscalers like Microsoft, Amazon, Google, and Meta are pouring hundreds of billions into data centers, chips, and infrastructure to power the next wave of artificial intelligence. NVIDIA just posted record revenues driven almost entirely by AI demand. Yet one question looms large for investors and energy markets […]

Chevron CEO Says Oil Storage Buffers Being Drawn Down

May 10, 2026May 10, 2026 Clark Savage161

In a candid interview at the Milken Institute Global Conference, Chevron Chairman and CEO Mike Wirth delivered a sobering assessment of the global oil market: the industry’s traditional “shock absorbers” — commercial inventories in tanks, oil on tankers (including shadow fleet vessels), and strategic petroleum reserves — have been significantly drawn down in recent months […]

Diamondback Energy is immediately lifting higher oil output in response to the ongoing oil price rally

May 5, 2026May 5, 2026 Clark Savage147

According to the Bloomberg article (May 4, 2026) and Diamondback’s Q1 2026 earnings release/letter to shareholders: The company is currently pumping >520,000 barrels per day of oil (3% above its original full-year 2026 guidance midpoint of ~505,000 bpd). It is raising full-year 2026 guidance to 520,000+ bpd oil and 972,000+ boe/d total (up from the […]

Tag: Chevron

Chevron CEO Sees More Pipelines Built to Bypass Strait of Hormuz – More unreported attacks in the Strait impact transits.

Ford Launches a $2 Billion Energy Business Stepping Up as a Hyperscaler

Philippines Receives First Iranian Crude Cargo Since Hormuz Blockade

Oil from US Emergency Reserves Heads to California for the First Time, Kpler Says

Jones Act Waiver Data Makes The Case For FULL REPEAL — NOW

121 Empty Tankers Headed to the United States: America’s Energy Dominance on Full Display Amid Global Supply Shock

$6 gas and refinery fears collide with California’s climate ambitions

AI Investments Keep Lining Up, But Are We Sure About Returns?

Chevron CEO Says Oil Storage Buffers Being Drawn Down

Diamondback Energy is immediately lifting higher oil output in response to the ongoing oil price rally

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