Chevron Corp CVX:NYSE

Last Price$94.68Cboe Closing Price as of 3:59PM ET 6/02/20
Cboe Real-Time Quotes
Today's Change+1.89(2.04%)
Bid (Size)$93.00 (1)
Ask (Size)$94.71 (200)
Day Low / High$93.29 - 95.22
Volume7.8 M

Chevron CEO Says Restarting Saudi-Kuwait Oilfield Could Make Up for Lost Production After Saudi Attack

3:55AM ET 9/17/2019 MT Newswires
Chevron (CVX) can "relatively quickly" resume production at an oilfield it has been operating between Saudi Arabia and Kuwait to make up for the lost production following the attack in crude facilities in Saudi Arabia, CEO Michael Wirth told CNBC.

In an interview for CNBC's "Closing Bell" for his reactions on the recent attack, Wirth said OPEC countries that have been curtailing production and fields that have been offline as part of OPEC agreements could be activated to fill the shortfall in the world.

Chevron's oilfield in Saudi Arabia, which had production of 500,000 barrels a day, was shut down due to the dispute between Saudi Arabia and Kuwait a few years ago, according to Bloomberg.

CVX shares edged up by 0.1% Monday after hours.

Price: 124.12, Change: +2.62, Percent Change: +2.16