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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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26-06-2022 17:52:06 (UTC+7)

EUR/USD

1.0554

+0.0031 (+0.29%)

Summary

Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (5)

Sell (4)

EUR/USD

1.0554

+0.0031 (+0.29%)

Summary

Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (5)

Sell (4)

GBP/USD

1.2272

+0.0012 (+0.10%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (1)

Sell (6)

USD/JPY

135.23

+0.29 (+0.22%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

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Buy (7)

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AUD/USD

0.6944

+0.0055 (+0.80%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

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Buy (2)

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USD/CAD

1.2891

-0.0103 (-0.79%)

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↑ Sell

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EUR/JPY

142.71

+0.71 (+0.50%)

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↑ Buy

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EUR/CHF

1.0114

-0.0001 (-0.01%)

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Gold Futures

1,828.10

-1.70 (-0.09%)

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↑ Buy

Moving Avg:

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Sell (4)

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Buy (9)

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Silver Futures

21.130

+0.088 (+0.42%)

Summary

Sell

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Sell (12)

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Buy (4)

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Copper Futures

3.7365

-0.0025 (-0.07%)

Summary

Sell

Moving Avg:

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Sell (11)

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Crude Oil WTI Futures

107.06

+2.79 (+2.68%)

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↑ Sell

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Sell (9)

Brent Oil Futures

113.19

+3.14 (+2.85%)

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↑ Sell

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Natural Gas Futures

6.173

-0.066 (-1.06%)

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US Coffee C Futures

223.40

-5.60 (-2.45%)

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Euro Stoxx 50

3,533.17

+96.88 (+2.82%)

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Neutral

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S&P 500

3,911.74

+116.01 (+3.06%)

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↑ Buy

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DAX

13,118.13

+205.54 (+1.59%)

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↑ Sell

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FTSE 100

7,208.81

+188.36 (+2.68%)

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Buy (7)

Sell (1)

Hang Seng

21,719.06

+445.19 (+2.09%)

Summary

↑ Buy

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Sell (0)

Indicators:

Buy (6)

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US Small Cap 2000

1,765.74

+54.06 (+3.16%)

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↑ Buy

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IBEX 35

8,244.10

+137.70 (+1.70%)

Summary

Sell

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BASF SE NA O.N.

42.215

+0.785 (+1.89%)

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↑ Buy

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Sell (1)

Bayer AG NA

57.79

-0.75 (-1.28%)

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↑ Sell

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Allianz SE VNA O.N.

181.20

+2.20 (+1.23%)

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↑ Sell

Moving Avg:

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Adidas AG

170.36

+3.30 (+1.98%)

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Deutsche Lufthansa AG

5.966

-0.310 (-4.94%)

Summary

↑ Sell

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Siemens AG Class N

102.62

+3.36 (+3.39%)

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8.919

+0.407 (+4.78%)

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↑ Buy

Moving Avg:

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 EUR/USD1.0554Buy
 GBP/USD1.2272↑ Sell
 USD/JPY135.23↑ Buy
 AUD/USD0.6944↑ Sell
 USD/CAD1.2891↑ Sell
 EUR/JPY142.71↑ Buy
 EUR/CHF1.0114↑ Sell
 Gold1,828.10↑ Buy
 Silver21.130Sell
 Copper3.7365Sell
 Crude Oil WTI107.06↑ Sell
 Brent Oil113.19↑ Sell
 Natural Gas6.173↑ Buy
 US Coffee C223.40↑ Buy
 Euro Stoxx 503,533.17Neutral
 S&P 5003,911.74↑ Buy
 DAX13,118.13↑ Sell
 FTSE 1007,208.81↑ Buy
 Hang Seng21,719.06↑ Buy
 Small Cap 20001,765.74↑ Buy
 IBEX 358,244.10Sell
 BASF42.215↑ Buy
 Bayer57.79↑ Sell
 Allianz181.20↑ Sell
 Adidas170.36↑ Sell
 Lufthansa5.966↑ Sell
 Siemens AG102.62↑ Buy
 Deutsche Bank AG8.919↑ Buy
Mua/Bán 1 chỉ SJC
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SJC Danang6,785/ 6,867
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SJC Nhatrang6,785/ 6,867
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SJC Cantho6,785/ 6,867
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Cập nhật lúc 17:49:23 26/06/2022
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