Chevron executives were surprised by how quickly the situation in Kazakhstan deteriorated and are evaluating how exposed their operations are to continued protests, people familiar with the matter said. But the people said that Chevron has experience working in challenging locales, noting it has retained its assets in Venezuela despite its political instability, for example, and said Chevron has the wherewithal to wait out the turmoil in Kazakhstan.
A Chevron spokeswoman said the company is committed to Kazakhstan and that production had been fully restored and the workplace environment is stable.
What are CVX execs saying behind closed doors?
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”