HOUSTON, Oct 8 (Reuters) - Chevron ( CVX ) CEO Mike
Wirth told employees on Wednesday that he believes the company
will outperform publicly-stated financial targets given to
investors following the acquisition of smaller oil producer
Hess.
Upon closing the $55-billion purchase of Hess in July,
Chevron ( CVX ) said it expected $1 billion in synergies and raised free
cash flow guidance for 2026 from $10 billion to $12.5 billion.
"I fully expect the (Hess) deal will meet and exceed what
we've committed externally," Wirth said during an internal town
hall meeting, audio of which was heard by Reuters.
"Our talented workforce is an essential part of the ongoing
success of our company, and we engage regularly to align on
strategic priorities and our shared purpose to safely provide
affordable, reliable, ever-cleaner energy that enables human
progress," a Chevron ( CVX ) spokesperson said.
(Reporting by Sheila Dang in Houston;)