CEO: Chevron continues to seek new opportunities in the Middle East

Chevron Corporation

Chevron Corporation

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HOUSTON, June 12 (Reuters) - Chevron CEO Mike Wirth said on Friday that the company continues to look for new opportunities in the Middle East and may increase its investments in the region in the future.

He added that investment conditions in the region are better than they were in the past, noting that the Middle East currently accounts for about five percent of Chevron's production.

"Countries there have shown a willingness to enter into negotiations that provide what we consider a fair balance of returns for investors," Wirth said at an event in Houston. "That's why we've made deals there over the past year or two, and we're currently in talks with other parties."


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