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Chevron may not be an oil-first company in 2040, CEO says

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Chevron CEO Michael Wirth concedes his company may look different in 2040, saying oil may not be its primary focus by then.

, even Chevron CEO Michael Wirth concedes his company may look different in 2040.

Sign up here to receive The Climate Barometer, delivering climate and environmental news to your inbox every week The comments, from one of the captains of Big Oil no less, underscore the identity crisis facing the fossil fuels industry.Facing political and shareholder pressure, BP, Shell and other European oil majors already see the writing on the wall. In recent years they've announced plans to gradually retreat from fossil fuels, slash emissions and embrace clean energy including electric vehicle charging and renewable energy.

"Twenty years from now we'll be earning our profits from energy. But our company looks quite different today than it did 20 years ago," he said in the interview.

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Chevron is safe for a hundred years. There isn’t a battery on earth that can hold fully charged in -40 to -50c temps.

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