Chevron CEO Mike Wirth says he does not expect another oil refinery to be built in the U.S. ever again, pointing to decades of federal government policies as the reason why. Ticker Security Last Change Change % CVX CHEVRON CORP. 177.60 +1.60 +0.91%"Capacity is added by de-bottlenecking existing units by investing in existing refineries," he explained. We’ve seen refineries closed. We’ve seen units come down. We’ve seen refineries being repurposed to become bio refineries.

Source: Fox News June 04, 2022 04:00 UTC