Chevron CEO Mike Wirth joins Jim Cramer on new 'Anchor' platform

Everybody's talking about gender of AI, they're talking about large language models. Most of them are not really doing what we think. You want real technology, you come on this floating platform, and the person who feels most at home here happens to be Mike Wirth, who's with me, the CEO of Chevron. Hey, Mike, this is the eighth wonder of the world, I gotta tell you. That's not an earnest slide behind there, that's something real. Well, Jim, welcome to Anchor. This is the newest producing facility in the deepwater Gulf of Mexico. A lot of technology breakthroughs here, a lot of firsts, the innovation and ingenuity of our industry on display. We're excited to show you that today and talk about the deepwater Gulf of Mexico, which is a key part of U.S. energy security and economic competitiveness. And at the same time, this is an electrified facility, low carbon emission. You think about these things. Some of the lowest carbon intensity oil production in the world will produce here for three decades or more. No, Elon Musk has said that you might be a horse and buggy in just a few years. I don't know if he's really accurate about that. Well, look, the world is, we just passed eight billion people on the planet. Demand for energy continues to grow. We need all types of energy. We need all solutions. EVs are great for the people that they work for, but there's a lot of other uses for the products that we produce. We can reduce emissions. We can produce affordable, reliable energy and contribute to American economic competitiveness and energy security. I think it's important we speak about technology. This is not shallow drilling and this is not a small facility. We're in water that is over a mile deep before you get to the seafloor. And the field we're producing from is 35,000 feet below where we're standing right now. So that, you think about it, that's as if you were cruising in a commercial jetliner and you're looking all the way down to the surface of the earth. That's how far we are above the field that we're producing on. Not a Spartan crew. You have a lot of people working here at all times, 24-7. We've got a hundred people on board. They're working 24 hours a day, seven days a week, 365 days a year, working safely, taking care of the environment and producing American energy. And does it matter, do you think oil's going down or does it not even matter? Because you think long-term, the day-to-day needs very little here. We first acquired the leases here in 2003. We made the discovery in 2014. We began producing oil in August of 2024. That's two decades. The price of oil two, three, four decades out is what really matters for our investments, not the price today. Great to think long-term. Carl, David, thank you so much for giving me a chance to come out from the Gulf of Mexico with Mike. Well, Jim, we can't wait to find out what your day's going to be like and what tonight's going to bring. Well, I mean, look, we're going to have an extravaganza that explains how important all this is. But I want to focus on technology. I want to focus on what's possible now versus what used to be possible in the old days, where you could have, as David knows, a straw and hit oil. Not anymore. It's incredible, as you point out. I mean, they can make two things connect at 35,000 feet down somehow. I don't even know how it gets done. And to your point, Jim, we spent a lot of time, as we should, talking about generative AI because these advances are going to be earth-changing, life-changing. That said, this technology is incredible as well. Thank you. Thank you for recognizing. If there's somebody else, David, you always bring up Jensen Wang and NVIDIA. Thank you for not focusing on that and focusing on Chevron and Mike Wurk. And I didn't show you any pictures of me and Guyana when I was walking the platform. All safetied up, by the way. Oh, there I am. Yeah. You know... Yeah, Jim's not wearing anything. Yeah. Well, you don't have on the suit, the hat, nothing. You didn't go through the helicopter training. I mean, come on. You know, David, I have never felt more safety-conscious than I've been on this rig. Maybe you were in some ways. Maybe, David, you didn't man up. And that's why you wore that outfit. There I am, jumping in the water. You're lucky you didn't have to do that helicopter training, I'll tell you. Oh, look, I have no problem. Safety first, Carl. You know, Jim... There we go. He's got his hat on, finally. I don't know how you do it. Get up to speed on the market. Thank you, guys. It's in the middle of the ocean. We look forward to Mad Money tonight, 6 p.m. Eastern Time, as we try to unwind some... You know I hate sleep. It's about hating sleep. Yes.