Chevron's 2026 Budget: Shale, Offshore, and Lower-Carbon

Chevron Corporation unveils its 2026 spending plan, allocating $18-19 billion, with a focus on U.S. shale oil, global offshore projects, and lower-carbon initiatives. Ten billion dollars will boost U.S. production, while $600 million is reserved for corporate expenses. Affiliate companies, including Chevron Phillips Chemical and Tengizchevroil, receive significant funding. The budget reflects a cautious approach, prioritizing profitable projects and adaptability amidst global uncertainties.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.