HOUSTON, March 10 (Reuters) - Chevron ( CVX ) would like

to see durability in U.S. energy policy rather than swings from

one extreme to another, CEO Mike Wirth said on Monday.

U.S. President Donald Trump's first weeks in office during

his second term have been marked by a rapid overhaul of

government and the reversal of many of the energy policies of

the previous administration.

Many of those policy changes have come through executive

orders from the president rather than through legislation.

Policy reversals have had a direct impact on Chevron ( CVX ). Late

last month, Trump said he was ending a license granted to

Chevron ( CVX ) since 2022 to operate in Venezuela and export its oil.

"Swinging from one extreme to another is not the right

policy approach," Wirth told the CERAWeek energy conference in

Houston.

"We have allocated capital that's out there for decades,

and so we really need consistent and durable policy."

Permits for energy projects are one example that the

sector needs consistent policy on, Wirth said.

"We need to see some of this in legislation so it's more

durable and not at risk of being swung back in another direction

by a future administration."

Chevron's ( CVX ) oil and gas production with the highest

returns was disproportionately weighted toward the United

States, he said.

The CEO reiterated that the No. 2 oil producer will grow

output in the Gulf of America - using the term Trump has ordered

for the body of water known internationally as the Gulf of

Mexico - over the next few years to 300,000 barrels per day, up

from 200,000 bpd last year.

Wirth said he expected the industry to continue to

invest across Asia, where there is a better economic outlook

than in Europe.