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Chevron CEO: Permian Basin Vital Despite Pipeline Challenges

10/29/2025

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Summary

Story summary

Chevron CEO Mike Wirth says Chevron expects the Permian Basin to be crucial to the U.S. energy sector.
Wirth notes fossil fuels are vital for transportation and for producing plastics and medicines.
Despite record production, infrastructure shortages leave some producers with excess natural gas sold at a loss.
Diamondback Energy CEO Kaes Van’t Hof says pipeline-building to markets remains difficult.
Industry leaders still expect the Permian Basin to remain a key U.S. energy producer.

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Story summary

Chevron CEO Mike Wirth says Chevron expects the Permian Basin to be crucial to the U.S. energy sector.
Wirth notes fossil fuels are vital for transportation and for producing plastics and medicines.
Despite record production, infrastructure shortages leave some producers with excess natural gas sold at a loss.
Diamondback Energy CEO Kaes Van’t Hof says pipeline-building to markets remains difficult.
Industry leaders still expect the Permian Basin to remain a key U.S. energy producer.