Chevron Cuts 2020 Spending, Permian Production Forecasts

Chevron Corp will slash capital spending by $4 billion this year and suspend share buybacks, the latest oil company to cut costs in the face of an unprecedented slide in oil prices.

Topics:  chevron corp   spending   oil   
BING NEWS:
  • Chevron Highlights Production Growth in Kazakhstan, Permian Basin and Guyana -- OPIS
    He also cited the company's use of artificial intelligence in evaluating variations across sub-basins and in predicting well productivity and efficiency. Chevron has had a 15% annual growth rate over ...
    01/8/2025 - 3:37 am | View Link
  • Permian Gas Struggles as Production Outpaces Capacity
    The addition of 4.5 Bcf/d of new pipeline capacity by late 2026 and early 2027 is expected to stabilize prices.
    01/1/2025 - 8:01 am | View Link
  • Chevron's Spending Shift: Should You Buy the Stock for 2025?
    Permian Basin spending will decrease to $4.5-$5 billion, even as production is set to reach one million barrels per day by 2025. This strategic realignment emphasizes free cash flow over ...
    12/16/2024 - 11:00 am | View Link
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