Chevron CFO: Adequate supply, low oil prices may continue until 2026.

Chevron's Chief Financial Officer Eimear Bonner said that the risk of low oil prices may continue into next year due to strong production from OPEC+. Bonner stated, "There has been some production relief from OPEC+, and non-OPEC oil-producing countries are also increasing supply. We may see some pressure this year continuing into 2026." Analysts predict that as 2026 approaches, supply growth will slow down, laying the groundwork for a potential price rebound. "When we consider the long-term outlook for the oil and gas market, we remain very optimistic. Supply and demand will eventually reach a balance."