Chevron May Expand Middle East Footprint Over Time, CEO Says

Chevron Corp. is open to expanding its Middle East footprint despite the ongoing Iran conflict that has triggered an unprecedented disruption of global energy markets, said Chief Executive Officer Mike Wirth

The second-largest North American oil company has seen the terms on offer from would-be partners improve recently, Wirth said during the Bloomberg Energy Security Executive Briefing in Houston on Friday.

Chevron relies on the Middle East for about 5% of its global output, which is less than some international rival that get 20% or more of their overall production from the region, he said. ...