Bloomberg Surveillance Bloomberg Surveillance TV: December 10th, 2025
5 snips
Dec 10, 2025 Mike Wirth, CEO of Chevron, shares insights on long-cycle energy investments, emphasizing the importance of capital efficiency and technological advancements. He explores Chevron's interest in Iraq and discusses ongoing projects to supply natural gas power to AI data centers. Julian Emanuel, Evercore ISI's Chief Equity Strategist, analyzes the shift from a 40-year bond bull market and warns about market risks amid December volatility. Lindsey Piegza, Chief Economist at Stifel Nicolaus, dives into persistent inflation issues and the impact of fiscal policy and AI on energy pricing dynamics.
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AI's Big Data Opportunity In Oil
- Chevron holds vast historical data sets that can fuel AI to optimize operations and exploration.
- Wirth expects AI to boost asset productivity and decision speed as adoption scales.
Powering Data Centers With Gas
- Chevron is developing gigawatt-scale natural gas power dedicated to data centers in West Texas.
- Wirth describes large turbines arriving next year and active customer discussions for off-grid power.
Long-Term View On Venezuela
- Chevron argues its Venezuela presence supports local and regional economies while complying with U.S. law.
- Wirth stresses Venezuela's huge resource base and taking a long-term view there.