On May 7 of this year, Wirth sold 130,000 shares of Chevron stock and pocketed a cool $16.6 million. Market data provided byFactset. Biography Email editor@ballotpedia.org to notify us of updates to this biography. Powered and implemented byFactSet Digital Solutions. Michael K. (Mike) Wirth (born 1960) is an American businessman, who currently serves as chairman of the board and chief executive officer of Chevron Corporation, succeeding former CEO John S. Watson. Lets work together, Wirth added. We ought to be able to work something out whereby theyre able to increase refining capacity and still not give up on transitioning to renewable energy., Wirth wrote to Biden that addressing high gas prices requires thoughtful action and a willingness to work together, not political rhetoric.. While Democrats hold City . Hedge fund heavyweight Griffin, a Mitt Romney supporter in 2012, didnt donate directly to Donald Trumps campaigns in 2016 or 2020. Live from New York and Sydney. I encourage you to also send your senior advisors to this [7] In response to CNBC host Jim Cramer asking if Chevron had considered calls to invest in alternative energy, Wirth responded that Chevron would "go back to our shareholders and let them plant trees". He is now most notably forced to grapple with the overwhelming availability of oil, a blossoming alternative energy sector, and concern for climate change. The U.S. energy sector needs cooperation The University Medal is awarded by the University for excellence in contributions directly related to the University. })(); Kraft Heinz CEO: Miguel Patricio Biography, 12 Inspirational Books David Friedberg Recommends, 10 Inspirational Books David Sacks Recommends Reading, 20 Inspirational Books Reid Hoffman Recommends Reading, 5 Inspirational Books Paul Tudor Jones Recommends, 20 Inspirational Books Nassim Taleb Recommends Reading, The 3 Best Day Trading Strategies for Beginners, 5 Chart Patterns Every Beginner Trader Should Know, How Day Trader Ricky Gutierrez Grew His YouTube Channel, How to Buy Your First Stock, with Ricky Gutierrez. However, there are a lot of people out there who will be more familiar with him because of his journalism, seeing as how, Read More 10 Things You Never Knew about Malcolm ForbesContinue, As the pressure mounts surrounding the need to develop cleaner energy solutions, businesses and individuals are looking for ways to lower their carbon footprint. This article "Michael (Mike) K. Wirth (Chevron CEO)" is from Wikipedia. He attended Golden High, where he enjoyed playing for the schools basketball team. He has been chosen to serve as a member of the Board of Directors for both the San Francisco 49ers Foundation and the Tiger Woods Foundation. Campaign Twitter. Laufer and his wife, Marsha, put $2.5 million into a super-PAC supporting Biden and another $1.8 million into a group backing Democrats in the Senate. 9. Chevron is working to reduce its carbon impact and integrate renewables and offsets into its business, he added. Mike Braun (R-Ind. Three of themDonald Trump, Michael Bloomberg and Tom Steyerran for president. to the global supply and demand imbalances aggravated by Russias invasion of Ukraine. In essence, making a statement to the world that we no longer live in a dire do whatever it takes to find oil environment. We need clarity and consistency on policy matters ranging from leases and permits on federal numerous policy makers have pointed out, there are no easy fixes nor any short-term answers Yet, the company he leads boasts a market cap of about $215 Billion yes, thats a B.. Living in big cities on the coasts, we can forget the tremendous influence small-town America continues to mightily project unto the world. forms: { He played on the basketball team in high school. For years, he has reaped huge returns through his quant firm, Renaissance Technologiesalso the source of wealth for Republican donor Robert Mercer and Democratic supporter Henry Laufer (No. Byrd left office in 2021. Rising to the top of your profession is something many people dream about and work hard to achieve. Raised in Golden, Colorado, Mike attended Golden High and found time to play on the schools team. His college days were largely spent pursuing excellence. Instead, theyll be pouring more resources into the easier to reach fracking opportunities, meanwhile, retreating from their more expensive ventures elsewhere. philosophy in addressing major issues should apply here too, as a comprehensive approach is But if you just pull the money out of midair you're going to create other problems. Mike Wirth, Chevron Corp: Profile and Biography - Bloomberg Markets Bloomberg TV+ Bloomberg Daybreak Australia Bloomberg Daybreak Australia. This material may not be published, broadcast, rewritten, or redistributed. [2], After graduating from high school, Wirth attended the University of Colorado, where he earned a bachelor's degree in chemical engineering in 1982. Wirth served as vice chairman of the board in 2017, and as executive vice president of Midstream & Development from 2016 to 2018, where he was responsible for the shipping, supply and trading, and pipeline and power operating units, as well as for Chevrons strategy, business development, and corporate affairs. FILE: Michael Wirth, Chairman and CEO Chevron Corp., speaks during an interview on CNBC on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., March 1, 2022. Fundamental to a better quality of life, which is what everybody wants, they want a better future for their children, they want education, they want health care, better opportunity; economic development underpins that and economic development goes hand in hand with energy development and energy supply. Mike Wirth. considers both costs and benefits. More than 200 chipped in to support their favorite presidential candidates. Our strong results come from empowering our people. They donated money, too. Richard Michael DeWine (Republican Party) (also known as Mike) is the Governor of Ohio.He assumed office on January 14, 2019. Susan Collins (R-Maine) and Lindsey Graham (R-S.C.). Several companies have said they would suspend or review some political donations in the wake of the riots, including Marriott International Inc, Archer Daniels Midland Co and the Blue Cross Blue Shield Association. [citation needed] In the same year, he joined Chevron as a design engineer. Parker is running for re-election for Mayor of Fort Worth in Texas. Share Your Design Ideas, New JerseysMurphy Defends $10 Billion Rainy Day Fund as States Economy Slows, What Led to Europe's Deadliest Train Crash in a Decade, This Week in Crypto: Ukraine War, Marathon Digital, FTX. Marcus cofounder from Home Depot, Arthur Blank, supported Biden in 2020, but Marcus spent more than 30 times as much on Trump as Blank did on Biden. We can only meet these challenges by working together. recently released 10-point plan. constructive conversation about actions to address both near-term issues and the longer-term Golden is nestled at the foothills of the Rocky Mountains, just outside of Denver. Increasing American production will offset barrels produced in other parts of the world that may Our programsfoster a growth mindset, instilling in students the strength and skillsto persevere and define their own path. This is the fourth installment of a four-part series exploring the money billionaires poured into the 2020 election. balance energy, economic, and environmental objectives one that recognizes our industry is a Marvel Entertainment chairman Perlmutter has long been loyal to Trump, a neighbor in Palm Beach, Fla. About 95% of the Perlmutters contributions went to committees vying to reelect the president. Meet the artists behind the Southern Tiger Collective. His sense of wit and humor still resonate with people, and his quotes still resonate with people from, Read More 20 Mark Twain Quotes That are Perfect for BusinessContinue. Gulf of Mexico production has carbon intensity just a fraction of the global industry average. vital sector of the U.S. economy and is essential to our national security. } watch the interview Wirths expectations as EU prepares more Russian oil sanctions. These actions are not beneficial to meeting the challenges we face and are not what the The list of its authors can be seen in its historicaland/or the page Edithistory:Michael (Mike) K. Wirth (Chevron CEO). Las Vegas mogul Wynn stepped down as finance chair of the Republican National Committee and CEO of Wynn Resorts amid sexual misconduct allegations in 2018. meeting with Secretary Granholm. callback: cb Instead, he and his wife Shirley put the bulk of their contributions into super-PACs that were spending big in key GOP Senate races. Your whole of government 5. Prior to his current role, Wirth served as vice chairman of the board in 2017 and executive vice president of Midstream & Development for Chevron Corporation from 2016 2018. But even if you dont count the billion-plus dollars that went to his own campaign, Bloomberg still would have donated more than all but two billionaires to the 2020 election. During a speech in Los Angeles earlier this month, Biden said: "ExxonMobil Corp made more money than god this year." chairman of the board and chief executive officer. 2023 NYP Holdings, Inc. All Rights Reserved, Wholesale prices jump more than expected on surging energy prices, Oil prices jump as Russia slashes output to protest Western sanctions, Expect Biden to deliver the opposite of his promises in State of the Union Address, Fresh proof of the massive pain Bidenomics has inflicted on the middle class. Its concerning to see the rate at which todays employees move from company to company. His family founded Stephens Inc., the Little Rock investment bank, which underwrote Walmarts public offering in 1970. At other times, Biden has blamed Russian President Vladimir Putin for the rise in fuel prices. In 2021, Chevron produced the highest volume of oil and gas in our 143-year history. Hepreviously ordered the release of a million barrels per dayfrom the Strategic Petroleum Reserve and allowed ahigher proportion ofethanolin gas over the summer, but neither step lowered prices. For more coverage from the Reuters Next conference please click here or www.reuters.com/business/reuters-next, Reporting by Arathy S Nair in Bengaluru and Jennifer Hiller in Houston; Editing by Alex Richardson. This story has been shared 141,108 times. Quotes displayed in real-time or delayed by at least 15 minutes. Wirth serves on the board of directors of Catalyst, the board of directors and executive committee of the American Petroleum Institute, and the executive committee of the International Business Council of the World Economic Forum. capture and hydrogen, along with growing our renewable liquid fuels production capacity to He resigned as party co-treasurer after The Sunday Times suggested he was offering access to then Prime Minister David Cameron for a donation of 250,000 a year. His experience at Chevron includes corporate strategy, business development and policy, and government and public affairs. In that role, he was responsible for supply and trading, shipping, pipeline and power operating units, as well as corporate strategy; business development; and policy, government and public affairs. Instead, he focused on Congress, dumping $37 million into a super-PAC supporting Senate Republicans and another $10 million to a group backing House Republicans over the last two years. listeners: [], ); Rising to the top will result in him receiving a nice compensation package. We believe in the power of humanity to solve any challenge, to overcome any obstacle, and to find responsible solutions that work for all of us. In the first quarter of 2022, our U.S. production was 1.2 million barrels per day, up 109,000 barrels per day from the same quarter a year earlier, Wirth wrote. He is also chairman of the board of the American Petroleum Institute, and is a member of the National Petroleum Council, the Business Roundtable, the World Economic Forum International Business Council, and the American Society of Corporate Executives. His current term ends on January 11, 2027. Wirth serves on the board of directors of Catalyst. The former New York City mayor spent more of his own money running for president than anyone in history. American people deserve. CEO Mike Wirth at the 2023 World Economic Forum January 17, 2023 | Davos, Switzerland CEO Mike Wirth discusses Chevron's strategy, the markets, the industry and geopolitics with the media. 18). Insight and analysis of top stories from our award winning magazine "Bloomberg Businessweek". At 36, Facebook cofounder Moskovitz is the youngest megadonor on this list. In 2017 former World Wrestling Entertainment CEO Linda McMahon took a cabinet position in the Trump White House, serving as head of the Small Business Administration. experiencing. Mike Rowe was born on 18 March 1962, in Baltimore, Maryland in the U.S. Mike Rowe was born to John Rowe and Peggy Rowe, who were both professional teachers. Parker assumed office on June 15, 2021. Judge Michael Usan is a member of the Democratic Party. Michael Bloomberg Net worth: $54.9 billion Contributions: $1.2 billion Equivalent donation for median American household: $2,677 The former New York City mayor spent more of his own money . I want to be clear that Chevron shares your concerns over the higher prices that Americans are Never mind that he lost the Democratic primarySteyer is still taking a victory lap. Texas mayor and teacher arrested for soliciting child onli Canadian teacher with size-Z prosthetic breasts placed on paid leave, What's next for Buster Murdaugh after dad's murder conviction, life sentence, Sick trolls leak gruesome Maggie Murdaugh autopsy photo after it was accidentally shown on livestream, Madonna watches new boyfriend Joshua Poppers fight in New York City, Saving Private Ryan actor Tom Sizemore dead at 61 after brain aneurysm, How Ariana Madix discovered Tom Sandoval was cheating on her with Raquel Leviss, Max Scherzer's first look at the new pitch clock, Chris Rock Jokes About Watching Emancipation to See Will Smith Getting Whipped In Advance of Netflix Special: Report, Kellyanne Conway and George Conway to divorce. He must safeguard the fortune handed down to him by his predecessors. Thank you for your letter dated June 14, 2022. ", "The American people rightly expect our countrys leaders and industry to address the challenges they are facing in a serious and resolute manner," he said. The often-pugnacious hedge fund titan, who has a history of supporting both conservative and LGBTQ political causes, staunchly opposed Donald Trump in 2016. We think you will find a little bit of your own achievements and goals in this list. This cycle, those issues were front and center.. Immediately after graduating from college, Mike Wirth began his career at Chevron. All images remain the property of Chevron Corporation and cannot be used for any additional purposes. Were working together to provide energy that drives human progress. The Company documents Wirths climb to the heights of the company with the following statement from their website: Michael K. (Mike) Wirth, 59, is chairman of the board and chief executive officer of Chevron Corporation. He has brought a boatload of experience in the oil industry as well as specific experience within the walls of Chevron to earn the confidence of Chevrons Board of Directors to get the nod to assume the position beginning in February of this year. Garrett by trade is a personal finance freelance writer and journalist. Chevron will engage in this weeks [2] He became president of marketing for Chevron's Asia, Africa and Middle East region in 2001. This idea that they dont have oil to drill and to bring up is simply not true, Biden said. I specifically asked my team to take a look at the events of last week and make sure those are brought into account as we make our decisions going forward, Wirth said. He and his wife, Andrea, put more money into the 2020 election than ever before, funneling over $10 million into super-PACs that spent big on the Georgia Senate race. We need more refining capacity. Defense. [4], He has been on the board of directors for Caltex Australia and GS Caltex. With over 10 years experience he's covered businesses, CEOs, and investments. demands and to lift up the lives of billions of people who rely on these supplies. In particular, I have tried to do my part to address climate change, support economic and environmental justice and mobilize young voters. [6] Despite these practices, Wirth's company has been involved in several greenwashing tactics, and was found by a Federal Trade Commission to be misleading its customers on its efforts to reduce greenhouse gas emissions.