Chevron Says Energy Cost Inflation Isn’t a Concern Right Now
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Chevron Corp. doesn’t see cost inflation as a significant issue, at least not so far, despite widespread concerns about rising wages and raw materials costs.
“Our sector is operating below pre-Covid capacity,” Chief Financial Officer Pierre Breber said in an interview on Bloomberg TV. “There’s a lot of talk about costs going up but we’re not seeing it at this point in time.”