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Chevron's CEO: Affordable energy is crucial
NEW YORK — Chevron CEO John Watson notices something important as he visits his company's operations around the globe: Governments everywhere find high energy prices much scarier than the threat of global warming.
In this Thursday, Nov. 29, 2012 photo, Chevron CEO John Watson talks during an interview, in New York. Watson, 55, a California native and Chevron lifer, joined the company in 1980 as a financial analyst. Before becoming CEO in 2010 he was vice chairman in charge of strategic planning, business development and mergers and acquisitions. He also ran the companys international exploration and production business, led the companys integration with Texaco and was CFO. (AP Photo/Mark Lennihan) ORG XMIT: NYML305
And that means the world will need a lot more oil and gas in the years to come.
To meet that demand, Chevron is in the midst of an enormous cycle of investment aimed at extracting oil and...
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