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Chevron CEO calls on Biden to take new approach on fuel prices, stop criticizing Big Oil

By Sabrina Valle HOUSTON (Reuters) - Chevron (NYSE:CVX) Chief Executive Michael Wirth on Tuesday rebutted White House officials' criticism of the oil industry over energy costs,...
Chevron CEO calls on Biden to take new approach on fuel prices, stop criticizing Big Oil © Reuters. FILE PHOTO: Michael Wirth, Chairman and CEO Chevron Corp., speaks during an interview on CNBC on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., March 1, 2022. REUTERS/Brendan McDermid/File Photo

By Sabrina Valle

HOUSTON (Reuters) - Chevron (NYSE:CVX) Chief Executive Michael Wirth on Tuesday rebutted White House officials' criticism of the oil industry over energy costs, saying bringing down fuel prices will require a change in approach by the government.

The White House asked the CEOs of seven refiners and oil companies including Chevron to a meeting this week to discuss ways to reduce high energy prices. Wirth said he would attend.

"Your administration has largely sought to criticize, and at times vilify, our industry," Wirth said in a letter addressed to President Joe Biden. "These actions are not beneficial to meeting the challenges we face".

On June 10, Biden blasted them for making record profits and asking them to increase production. He also accused Exxon Mobil Corp (NYSE:XOM) of making "more money than God" during comments in Los Angeles earlier this month.

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30-06-2022 06:14:53 (UTC+7)

EUR/USD

1.0444

+0.0005 (+0.05%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (4)

Sell (1)

EUR/USD

1.0444

+0.0005 (+0.05%)

Summary

↑ Buy

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Buy (11)

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Buy (4)

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GBP/USD

1.2126

+0.0001 (+0.01%)

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↑ Buy

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Buy (12)

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Buy (7)

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USD/JPY

136.54

-0.04 (-0.03%)

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↑ Sell

Moving Avg:

Buy (0)

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Buy (1)

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AUD/USD

0.6880

-0.0001 (-0.01%)

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Neutral

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Buy (7)

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USD/CAD

1.2889

-0.0002 (-0.02%)

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EUR/JPY

142.60

+0.01 (+0.01%)

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EUR/CHF

0.9971

0.0000 (0.00%)

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Gold Futures

1,819.50

+2.00 (+0.11%)

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Neutral

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Silver Futures

20.718

-0.020 (-0.10%)

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Copper Futures

3.7772

+0.0055 (+0.15%)

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Neutral

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Crude Oil WTI Futures

109.58

-0.20 (-0.18%)

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Sell

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Brent Oil Futures

112.25

-1.55 (-1.36%)

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Euro Stoxx 50

3,514.32

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Neutral

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S&P 500

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FTSE 100

7,312.32

-11.09 (-0.15%)

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Sell (4)

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21,996.89

-422.08 (-1.88%)

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Neutral

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Buy (2)

Sell (4)

US Small Cap 2000

1,713.32

-25.52 (-1.47%)

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Neutral

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-129.50 (-1.56%)

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57.62

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Neutral

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Allianz SE VNA O.N.

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170.02

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101.40

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8.571

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 EUR/USD1.0444↑ Buy
 GBP/USD1.2126↑ Buy
 USD/JPY136.54↑ Sell
 AUD/USD0.6880Neutral
 USD/CAD1.2889↑ Sell
 EUR/JPY142.60Neutral
 EUR/CHF0.9971Neutral
 Gold1,819.50Neutral
 Silver20.718↑ Sell
 Copper3.7772Neutral
 Crude Oil WTI109.58Sell
 Brent Oil112.25↑ Buy
 Natural Gas6.441↑ Buy
 US Coffee C228.05↑ Sell
 Euro Stoxx 503,514.32Neutral
 S&P 5003,818.83↑ Buy
 DAX13,003.35↑ Sell
 FTSE 1007,312.32Sell
 Hang Seng21,996.89Neutral
 Small Cap 20001,713.32Neutral
 IBEX 358,188.00↑ Buy
 BASF41.580↑ Sell
 Bayer57.62Neutral
 Allianz183.72Buy
 Adidas170.02↑ Sell
 Lufthansa5.813↑ Buy
 Siemens AG101.40↑ Sell
 Deutsche Bank AG8.571Neutral
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Cập nhật 30-06-2022 06:14:55
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Cập nhật lúc 06:09:17 30/06/2022
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