Chevron vice chairman says confidence in exploration prospects is highest in years
CVX•Chevron’s vice chairman said the company’s confidence in its exploration prospects is at its highest in years; executives also discussed Kazakhstan contract talks, a 2028 power target for Project Kilby, refining margins and shipping logistics.
1. Company outlook
Chevron’s vice chairman said confidence in the company’s exploration prospects is at its highest in years and that refining margins will eventually moderate as the sector recovers, though it will take time. The company expects a logistics advantage from pre-conflict shipping contracts to persist until conflicts are resolved; its CEO said negotiations to extend the TCO contract in Kazakhstan have narrowed to fundamental core issues, while its CFO said Project Kilby remains on track for first power in 2028.
