Chevron Plans to Spend $14 Billion on Oil and Natural Gas Production in 2024

December 7, 2023
Posted by: AliensFaith
Category: OBJECTIVE PRESS

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Chevron will allocate $14 billion for upstream investments in 2024, the company said in a budget update that saw the total capex planned for 2024 at between $18.5 billion and $19.5 billion. That would be an 11% increase on 2023 spending, Reuters noted in a report on the news. Of the amount dedicated to upstream investment, Chevron plans to spend two-thirds on domestic projects. Of that sum, $6.5 billion will be spent on shale oil and gas, Chevron said. Almost all of that shale spending, or $5 billion, will go towards developments in the Permian.…

Author: AliensFaith

HighTech FinTech researcher, university lecturer & Scholar. He is studying his second doctoral degree at the Hague International University. Studying different fields of Sciences gave him a broad understanding of various aspects of life. His recent researches covered AI, Machine-learning & Automation concepts. The Information Technology Skills & Knowledge gave his company a higher position over other regional high-tech consultancy services. The other qualities and activities which can describe him are a Hobbyist Programmer, Achiever, Strategic Thinker, Futuristic person, and Frequent Traveler.

Chevron Plans to Spend $14 Billion on Oil and Natural Gas Production in 2024

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