Chevron Sees ‘More To Be Done’ by Milei to Boost Shale Boom

Chevron Corp. says President Javier Milei must take more steps to deregulate Argentina’s economy and free up investors from capital controls to make the most out of its burgeoning shale boom.

“We’ve watched the progress that the Milei administration has made with taxes and labor reform and then removing capital constraints,” Mark Nelson, Chevron’s vice president for oil, said in an interview in New York on the sidelines of a conference on Argentina. “Now, are they where they need to be to ensure that the Vaca Muerta competes on a dollar per dollar basis versus the Permian? It’s on ...