Friday, February 10, 2006

Three Predictions - David J O'Reilly CEO of Chevron

It is a pleasure to be here - to see old friends, renew acquaintances and strike up new friendships.

It's especially important to have this kind of camaraderie at the present time - when many of us are dealing with the recovery from Hurricane Katrina and its impact on global energy markets.

Katrina was a tragic event - the worst natural disaster to hit the United States. And even now, we are still assessing its impact on human lives. But the incident also highlighted the resiliency and spirit of our industry. I visited our operations in the Gulf of Mexico region just a week after the hurricane hit. The industry response I saw was massive.

It also demonstrated the fundamental character of our business in a time of crisis. Equipment and other resources were shared. Supplies from other parts of the world were rerouted. Support from longstanding partners was instantaneous.

( For the complete speech, click here )

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