GEOPOLITICAL TRENDS SHAPE FUTURE OF WORLD PETROLEUM INDUSTRY

J. Dennis Bonney Vice Chairman of the Board Chevron Corp. San Francisco Adapted from a presentation to the Middle East Petroleum and Gas Conference Jan. 17 in Bahrain. These are times that call for each of us in the petroleum industry to predict the unpredictable and think the unthinkable. Every oil entity is changing rapidly in its own operation. But even as we continue to change from within, we are being strongly affected from the outside by a number of geopolitical trends.

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