HomefinanceCFOs Speak: Straight Talk From Chevron and a Biotech Pioneer

CFOs Speak: Straight Talk From Chevron and a Biotech Pioneer

Welcome to CFO Briefing, a newsletter dedicated to corporate finance and what leaders need to know. As we close out the year, we’re focusing on CFO voices. This week, I chat with Chevron’s Eimear Bonner and Alnylam’s Jeff Poulton.
Energy giant Chevron closed on its $53 billion purchase of exploration and production firm Hess in July after prevailing in a 20-month court fight with Exxon Mobil. The company is now working to prune its portfolio and reduce costs. Chevron, the last US major to operate in Venezuela, is targeting free cash flow of close to $30 billion a year through 2030 based on current estimates, up from around $15 billion in 2024. CFO Eimear Bonner, who took on the role in the spring of 2024, talks about her outlook for oil prices, using AI for well design and her previous role as Chevron’s chief technology officer. Her answers have been edited for length and clarity.

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