Tony Webster
This strategy aligns with the company's long-term capital expenditure projection of $18-21 billion through 2030.
"Our investment plan for 2026 aims at the most lucrative prospects while adhering to discipline and enhancing efficiency, enabling us to boost cash flow and profitability," stated Chevron CEO Mike Wirth.
The statement highlighted that over half of the capital expenditures – around $10.5 billion – will occur in the United States.
Investments in upstream initiatives will reach $17 billion. This comprises $6 billion for the advancement of shale fields in the US and $7 billion for offshore initiatives, mainly in Guyana, the Eastern Mediterranean, and the Gulf of Mexico in the US.
Downstream investments will amount to about $1 billion, with roughly 75% occurring in the US.
source: bloomberg.com
"Our investment plan for 2026 aims at the most lucrative prospects while adhering to discipline and enhancing efficiency, enabling us to boost cash flow and profitability," stated Chevron CEO Mike Wirth.
The statement highlighted that over half of the capital expenditures – around $10.5 billion – will occur in the United States.
Investments in upstream initiatives will reach $17 billion. This comprises $6 billion for the advancement of shale fields in the US and $7 billion for offshore initiatives, mainly in Guyana, the Eastern Mediterranean, and the Gulf of Mexico in the US.
Downstream investments will amount to about $1 billion, with roughly 75% occurring in the US.
source: bloomberg.com