U.S. oil giant's CEO is a fan of this nuclear energy technology and thinks there could be a role ‘for a company like ours' [Fortune]
Exxon Mobil Corporation (XOM)
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Source: Fortune
Chevron CEO Mike Wirth sees promise in small modular nuclear reactors, which have become popular in the tech sector recently, and signaled openness to getting involved more directly. Speaking at the Atlantic Council on Dec. 6 , the head of the second biggest U.S. energy giant by market cap noted that Chevron has previously invested in companies developing small modular fission reactors and startups working on fusion. “It's all to understand where that technology is moving and think about applications,” Wirth explained, adding that Chevron also has experience working in highly regulated environments, just like the nuclear industry does. He noted that Chevron also operates gas-fired power plants to support its businesses in some far-flung places without easy access to the energy grid. “A way to decarbonize that would be with small modular nuclear in some of these remote locations,” Wirth said. “And so I'm a fan of the technology. I want to see it be successful. I think the worl
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