Chevron CEO Dismisses Recession Concerns, Praises Trump’s Economic Policies

Chevron’s CEO recently shared his thoughts on the state of the U.S. economy, offering a surprisingly optimistic take despite growing chatter about a potential recession. In his remarks, he also took a moment to commend the impact of President Trump’s past economic policies.

In a recent interview on Fox News’ Sunday Morning Futures, Chevron CEO Mike Wirth voiced confidence in the state of the U.S. economy and applauded former President Donald Trump’s economic approach. Despite a slight GDP contraction in the first quarter, Wirth dismissed fears of an impending recession, stating that current data from Chevron’s operations doesn’t point to any immediate downturn and attributing the GDP dip to irregular trade patterns.

Wirth also addressed Chevron’s operations in Venezuela, expressing concerns about energy security due to sanctions disrupting the flow of Venezuelan oil to the U.S.—a type of crude that many Gulf Coast refineries are designed to process. He noted that China has become Venezuela’s largest oil customer and warned that ongoing diplomatic efforts between the two nations could shift even more oil away from the U.S.

While acknowledging the risks, Wirth remained optimistic about Trump’s firm stance on foreign adversaries. He praised Trump’s emphasis on enforcement, particularly regarding sanctions on Iran and Russia, arguing that past administrations had failed to follow through effectively. In contrast, he believes the current leadership is more serious about making those sanctions count, which could reshape global energy dynamics.