Exclusive With Chevron CEO: Big Oil Cost Revolution

Chevron plans to produce a fifth of its oil from the Permian by the mid-2020s, allocating 18% of its 2019 CapEx budget to the region. CEO Mike Worth highlights shale's impact on smarter operations and financial strategies. Chevron's financial resilience allows investment in shale despite price volatility, supported by cash flows from global projects. The company controls over 2 million acres in the Permian, emphasizing efficient and environmentally responsible production. Chevron aims to remain a key player in a stable oil market, focusing on efficiency and sustainability.

What is the expected timeline for Chevron to achieve free cash flow from its projects?

What does CEO Mike Worth suggest about the future of oil production in relation to climate change?