Pierre Breber

Vice President & Chief Financial Officer, Chevron Corporation

Search every verified Pierre Breber interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Pierre Breber, Vice President and Chief Financial Officer of Chevron, has stated that the company's operations in Kazakhstan, which rely on a transit route through Russia, have continued unimpacted by the Russia-Ukraine war. He said Chevron has no production in Russia. Breber has described the current energy market as being in an upcycle, with strong demand and supply that is lagging, and has noted that the Russia-Ukraine conflict has tightened already tight markets. He has said Chevron's capital expenditures are up 30% compared to the prior year, and that the company is growing its traditional production while also investing in new energies, including renewable fuels, hydrogen, and carbon capture. Breber has stated the company's financial priorities are to maintain and grow the dividend, invest in the business, maintain a strong balance sheet, and return excess cash to shareholders through buybacks. Breber has discussed Chevron's approach to the energy transition, stating the company aims to lower the carbon intensity of its business and commercialize emerging low-carbon technologies, rather than divesting from its core business. He has said Chevron supports the Paris Agreement. Regarding Venezuela, Breber has said the company expects to bring in modest increases in crude oil over time, but described it as "too early" to give specific guidance, adding that the matter is "really U.S. government policy." He has also stated that Chevron's return on capital is over 20% and that the company is the second-largest producer in the United States.