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Chevron CEO Mike Wirth on capital spending cuts, buyback suspension and more

Chevron announced that it plans to cut 2020 capital spending by $4 billion as well as suspend share buybacks. The company says it sees Permian production fall 20% from previous guidance. Mike Wirth, CEO of Chevron, joins CNBC's Brian Sullivan and "Squawk Box" to discuss.
Tue, Mar 24 20207:27 AM EDT