Chevron Corporation

Chevron's CFO Eimear P. Bonner highlights the role of finance leaders in defining AI's business value, emphasizing strategic prioritization and performance improvement. Chevron uses AI tools like Microsoft Copilot and Anthropic’s Claude in finance functions such as investor relations and audit controls, and has developed an AI tool named ApEX for oil and gas exploration.

California Governor Newsom publicly blamed Chevron for high gas prices and encouraged consumers to avoid the company's stations. Chevron countered by attributing the price increases to California state policies rather than company practices.

The oil and gas industry is experiencing a surge in dealmaking with $20 billion of assets in play, indicating a significant increase in market activity. This uptick in dealmaking suggests a positive outlook for the industry. The high value of assets involved underscores the substantial investment and interest in the sector.

The average gas price in California rose to $6.06, the highest level in four years, with the national average hitting $4.39. Exxon and Chevron reported quarterly earnings declines despite soaring oil prices, while AAA noted a 27-cent national price increase this week.

Exxon and Chevron both exceeded earnings estimates in the latest quarter, driven by a surge in oil prices. The strong performance highlights the positive impact of rising energy costs on major oil companies.

President Trump met with oil and gas executives, including Chevron CEO Mike Wirth, to discuss energy market impacts from the Iran war. The meeting addressed domestic production, Venezuela progress, and global supply disruptions, as U.S. gasoline prices hit $4.18 per gallon. The White House has taken steps like waiving the Jones Act to mitigate price surges.

Eneos is reportedly in final negotiations to acquire Chevron's Asian assets. The potential deal involves Chevron Corporation's operations in the Asia-Pacific region.

Chevron CEO Mike Wirth participated in an interview on 'Face the Nation with Margaret Brennan' on April 26, 2026. The transcript highlights his discussion during the program.