Chevron president on Microsoft data center deal
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Chevron (NYSE:CVX) is an integrated energy major whose July 2025 Hess acquisition added Guyana, Bakken, and Gulf of America assets. With WTI near $95 and the Fed funds rate sitting at 3.75% after 75 basis points of cuts,
California's soaring gas prices are fueling an escalating political battle between Gov. Gavin Newsom and Chevron, with Newsom urging drivers to boycott Chevron stations over Memorial Day weekend.
Earlier this week, Chevron was caught in a broad energy selloff after a U.S.-Iran peace framework to reopen the Strait of Hormuz drove crude prices to three-month lows, pressuring oil-linked earnings expectations across the sector.
