Chevron Corp. (CVX) believes natural gas prices will remain depressed because of excess supply and weak industrial demand, but in the longer term, prices will improve because of increased demand, mainly from electricity generation at the expense of coal, due to environmental reasons, the company's Chief Executive John Watson told analysts from Oppenheimer & Co. in a meeting, according to a note from the bank.
Chevron Corp. (CVX) believes natural gas prices will remain depressed
because of excess supply and weak industrial demand, but in the longer term,
prices will improve because of increased demand, mainly from electricity
generation at the expense of coal, due to environmental reasons, the company's
Chief Executive John Watson told analysts from Oppenheimer & Co. in a
meeting, according to a note from the bank.
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