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Chevron CEO Flagged Safety Risks Before Fatal Angola Fire

Chevron Corporation (NYSE:CVX) is one of the best Dow stocks to invest in.

The company has been impacted recently because of the Angola platform fire. In a video message to employees on April 29, Chevron CEO Mike Wirth stressed the need to strengthen safety protocols following a rise in near-miss incidents.

His remarks came just weeks before a fatal fire on one of the company’s offshore platforms in Angola claimed the lives of three workers and injured 15 others.

An aerial view of an oil rig at sea, the sun glinting off its structure.

The warning followed Chevron Corporation (NYSE:CVX)’s February announcement of plans to cut up to 20% of its workforce in a cost-saving move, as several major energy companies have turned to layoffs this year amid the lowest oil prices in four years.

In the two-minute message, titled “Do it safely or not at all,” Wirth urged employees to prioritize safety despite internal and external pressures. He acknowledged concerns that speaking up or halting work might be seen as risky in the current climate, but reassured staff that raising safety issues remains essential.

Wirth emphasized that Chevron Corporation (NYSE:CVX) is working to renew its commitment to a safety-first culture. The fatal incident on May 20 occurred on a deepwater platform located about 60 miles off Angola’s coast. According to Chevron’s latest corporate sustainability report, the company recorded 12 serious injuries and one fatality in the previous year.

While we acknowledge the potential of CVX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 13 Biotech Stocks with Huge Upside Potential and 10 Unstoppable Dividend Stocks to Buy Now

Disclosure. None.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

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What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

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