Investors were reassured by Chevron CEO Mike Wirth’s optimistic comments on the energy sector and the economy, leading to a nearly 3% rise in Chevron’s stock. Wirth stated that there are no signs of an impending recession despite fears stemming from U.S. trade disputes, though he acknowledged potential slowing growth. He noted that while demand may soften due to tariffs and increased OPEC production, Chevron will maintain its capital spending strategy, and he believes the industry could rebound if trade tensions are resolved.
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