Market Chatter: Chevron CEO Meets With US Officials on Protecting Kazakhstan Oil Assets

MT Newswires Live01:52

Chevron (CVX) Chief Executive Mike Wirth met with senior US government officials to discuss measures to keep the company's Kazakhstan operations safe from becoming collateral damage in the Ukraine-Russia war, The Wall Street Journal reported Friday, citing sources familiar with the matter.

Last week, a Ukrainian drone strike hit four tankers in the Black Sea, including one hired by Chevron, the report said. The US government has warned Ukraine against attacking non-Russian ships in the area, the report cited a US official as saying.

Chevron owns 50% interest in Kazakhstan's Tengiz oil field and a 15% stake in the Caspian Pipeline Consortium, which brings crude from Kazakhstan into Russia and out to the Black Sea, according to the report.

Chevron did not immediately reply to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 191.62, Change: -3.17, Percent Change: -1.63

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