Chevron, Saudi Aramco CEOs bullish on natural gas in low-carbon future
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Mike Wirth, chairman and chief executive officer of Chevron Corp.F. Carter Smith / BloombergShow MoreShow Less
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The chief executives of Chevron and Saudi Aramco said they see a big role for natural gas even as the world shifts away from fossil fuels to renewable energy.
“Clearly, (natural gas) has a very important role in the lower carbon economy that we’re all working toward and may have a role in supporting hydrogen and new opportunities to commercialize gases of the energy future,” Chevron CEO Mike Wirth said Tuesday at CERAWeek by IHS Markit energy conference.
Tom Siebel, Founder and CEO of C3.ai F. Carter Smith/Bloomberg
C3.ai had a spectacular debut in the public market on Wednesday. The artificial-intelligence software company priced an offering of 15.5 million shares at $42 a share, above the expected range of $36 to $38 a share, before opening at $100. The stock closed its first day at $92.49, a 120% gain from its IPO price.
Among other things, the IPO marks the return to public view of Tom Siebel, the founder and CEO of C3.ai (ticker: AI). The legendary software entrepreneur was an early executive at
Oracle (ORCL) and the founder of the customer relationship management software pioneer Siebel Systems, which he sold to Oracle for $5.86 billion in 2006.