Veytics Intelligence
2026-10-07 · CNBC

Chevron CEO warns against 'unwise' diesel export ban, saying it could make things worse

The chief executive of U.S. oil giant Chevron on Wednesday warned it would be "unwise" for the Trump administration to move forward with a diesel export ban, saying the policy runs the risk of making the supply situation worse. "The U.S. has been a reliable supplier to the world at a time when it needs it," Chevron CEO Mike Wirth told CNBC's "Squawk Box Europe" on Wednesday. "And I think it would be unwise for the U.S. to create questions in the minds of our allies and our partners as to whether or not we will be there with reliable supply when times are difficult — and so, there are other options," he added.

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