Chevron CEO: There May Never Be Another Oil Refinery Built in US Again

Chevron CEO: There May Never Be Another Oil Refinery Built in US Again
The ExxonMobil Baton Rouge Refinery in Baton Rouge, La. on May 15, 2021. Kathleen Flynn/Reuters
Jack Phillips
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Chevron CEO Mike Wirth said in a recent interview that he does not believe another oil refinery will be built again in the United States, saying that government policies are a key reason why, as average gas prices continue to rise as of Tuesday.

“There hasn’t been a refinery built in this country since the 1970s,” Wirth said during Bernstein’s Strategic Decisions Conference on June 1 when asked about more refining being added in the Gulf of Mexico. “I personally don’t believe there will be a new petroleum refinery ever built in this country again.”

Jack Phillips
Jack Phillips
Breaking News Reporter
Jack Phillips is a breaking news reporter who covers a range of topics, including politics, U.S., and health news. A father of two, Jack grew up in California's Central Valley. Follow him on X: https://twitter.com/jackphillips5
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