Chevron CEO Wirth on Coronavirus Threat and Oil Market Volatility

The video discusses the impact of the coronavirus on oil demand, highlighting potential reductions in travel and market reactions. It covers Chevron's financial strategies, including cost management and shareholder returns. The video also explores changes in the oil market, particularly the role of US shale production. It addresses sustainability efforts by US oil companies, focusing on reducing emissions and integrating renewables. Finally, it touches on M&A activities and future business prospects.

What was the initial market reaction to the coronavirus outbreak in terms of oil demand?

• Increase in oil prices

• Decrease in oil demand

• Stability in oil demand

• Increase in travel activities

How did Chevron perform financially in 2020?

• Chevron maintained strong financial momentum

• Chevron faced significant losses

• Chevron reduced its dividend

• Chevron increased its debt significantly

What was a major concern regarding Chevron's project in Kazakhstan?

• Political instability

• Lack of skilled labor

• Cost overruns and schedule delays

• Environmental impact

What has changed in the oil market environment over the last decade?

• Increased volatility due to geopolitical events

• US becoming the largest oil producer

• OPEC's dominance in the market

• Decreased global oil supply

What is the current trend in US shale oil production?

• Complete halt in production

• Significant decline in production

• Continued growth but at a slower rate

• Stable production with no growth

What actions is Chevron taking to address climate change?

• Focusing solely on traditional energy sources

• Ignoring climate change concerns

• Increasing fossil fuel production

• Reducing carbon intensity and integrating renewables

What is Chevron's approach to technological investments?

• Avoiding technological investments

• Investing in breakthrough technologies like carbon capture

• Focusing on short-term profits

• Investing in traditional oil extraction methods