Chevron Raises Alarm Over California Energy Crisis as Imports Slow

Key Takeaways Chevron warns California could face fuel shortages amid global disruptions and policy strain.Heavy reliance on imports and refinery closures heightens exposure to geopolitical shocks.Chevron urges reforms, warning it may exit refining as costs and risks continue to rise.Chevron Corporation (CVX) , one of the world’s leading energy companies, has issued a stark warning: California is teetering on the edge of an energy crisis, fueled by global conflicts and domestic policy challenges, according ...