High oil prices are unlikely to last, Chevron CFO tells CNN
CNN
Oil prices are unlikely to stay elevated for long, Chevron's chief financial officer told CNN.
"This feels more cyclical than structural," Pierre Breber, the CFO of Chevron (CVX), the No. 2 US oil company, said in a phone interview. "We view these prices as above mid-cycle and above what our price assumptions would be."
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