Chevron’s CFO discussed elevated oil prices and leading through volatility in an interview with the Wall Street Journal. The executive highlighted the company’s focus on capital discipline and shareholder returns amid market uncertainty.

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Chevron remains cautious on spending, prioritizing dividends and buybacks over aggressive expansion. The CFO noted that oil prices above $70 per barrel support the current strategy, but the company is prepared for downturns.

The article underscores how major energy firms are navigating geopolitical risks and supply constraints while maintaining investor confidence.