Chevron CEO Sees Opportunity in Iraq, Calls Venezuela Competitive
Chevron CEO Mike Wirth spoke at CERAWeek by S&P Global on September 18, 2026. He discussed the changing upstream risk profiles in the region and expressed optimism about two countries: Iraq and Venezuela.
Wirth said that despite the increased risk profile in the region, Iraq remains a compelling place to invest. He highlighted the country's potential for growth and development. In contrast, he described Venezuela as 'much more competitive' compared to other investment opportunities.
The comments from Wirth come at a time when energy companies are reassessing their investments due to rising risks in various regions. The Chevron CEO's views reflect the changing landscape of upstream risk profiles and the need for companies to adapt their strategies accordingly.