RUS | ENG | All
Enter the email or login, that you used for registration.
If you do not remember your password, simply leave this field blank and you will receive a new, along with a link to activate.

Not registered yet?
Welcome!

2020-12-04 12:05:00

CHEVRON INVESTMENT $14 BLN

CHEVRON INVESTMENT $14 BLN

CHEVRON - Dec. 3, 2020 Chevron Corporation today announced a 2021 organic capital and exploratory spending program of $14 billion and lowered its longer-term guidance to $14 to $16 billion annually through 2025. This capital outlook will continue to prioritize investments that are expected to grow long-term value and deliver higher returns and lower carbon, including over $300 million in 2021 for investments to advance the energy transition.

“Chevron remains committed to capital discipline with a 2021 capital budget and longer-term capital outlook that are well below our prior guidance,” said Chevron Chairman and CEO Michael Wirth. “With our major restructuring behind us and Noble Energy integration on track, we’re prepared to execute this program with discipline.”

Chevron’s capital guidance of $14 to $16 billion annually from 2022 to 2025 is significantly lower than its previous guidance of $19 to $22 billion, which excluded Noble Energy. During this time period, as capital is expected to decrease for a major expansion in Kazakhstan, the company expects to increase investments in a number of Chevron’s advantaged assets, including its world class position in the Permian, other unconventional basins, and the Gulf of Mexico.

“Chevron is in a different place than others in our industry,” Wirth said. “We’ve maintained consistent financial priorities starting with our firm commitment to the dividend. We took early and swift action at the beginning of the pandemic to prudently allocate capital, reduce costs and protect our industry-leading balance sheet. And we’ve completed a major acquisition and restructuring that positions our company to deliver higher returns and grow long-term value.” 

Read the full press release with table.

-----

Earlier:

 NOBLE, CHEVRON DEAL $4.2 BLN
2020, October, 6, 15:15:00
NOBLE, CHEVRON DEAL $4.2 BLN
Noble Energy shareholders have approved a deal to sell the oil and gas producer to Chevron Corp, making Chevron the No. 2 U.S. shale oil producer and giving it international natural gas reserves close to growing markets.
 
 CHEVRON NET LOSS $ 8.3 BLN
2020, August, 3, 12:25:00
CHEVRON NET LOSS $ 8.3 BLN
Chevron Second quarter loss of $8.3 billion; adjusted loss of $3.0 billion
 
 CHEVRON, ALGONQUIN RENEWABLE ENERGY
2020, August, 3, 12:00:00
CHEVRON, ALGONQUIN RENEWABLE ENERGY
Chevron U.S.A Inc. (CUSA), a wholly owned subsidiary of Chevron Corporation (NYSE: CVX), and Algonquin Power & Utilities Corp. ("Algonquin") (TSX: AQN) (NYSE: AQN) today announced an agreement seeking to co-develop renewable power projects

 

Tags: CHEVRON, INVESTMENT
Chronicle:
CHEVRON INVESTMENT $14 BLN
2022, January, 20, 15:29:00
ГИДРОЭНЕРГЕТИКА ЦЕНТРАЛЬНАЯ АЗИЯ И КАСПИЙ 2022, ВЫСТАВКА И КОНГРЕСС
Рады сообщить, что свое участие в 6-м ежегодном международном конгрессе и выставке «Гидроэнергетика Центральная Азия и Каспий 2022» (г. Душанбе, Таджикистан, 16-17 февраля) подтвердили уже более 150 руководителей ключевых энергетических компаний региона.
CHEVRON INVESTMENT $14 BLN
2022, January, 20, 15:28:00
TRANSPORTATION OIL AND GAS CONGRESS, 21th-22th of February, 2022
Business and Technical Views On The Market At The Transportation Oil and Gas Congress 2022
CHEVRON INVESTMENT $14 BLN
2022, January, 20, 15:27:00
LEARN THE LATEST GLOBAL LNG TRENDS WITH LNGCON 2022
The next edition of the International LNG Congress (LNGCON 2022) takes place in Dusseldorf, Germany on March 28-30, 2022. Covering the whole LNG value chain, the Congress brings together decision makers of the industry to tackle the most relevant issues such as the role of LNG in the transition towards zero-carbon shipping.
CHEVRON INVESTMENT $14 BLN
2022, January, 20, 15:26:00
ENERGY WEEK CENTRAL ASIA & MONGOLIA 2022
To learn more, join the upcoming high-level international investment conference Energy Week Central Asia & Mongolia 2022, which will take place on 26-28th April in Tashkent.
CHEVRON INVESTMENT $14 BLN
2022, January, 20, 15:25:00
WORLD GAS CONFERENCE 2022
The 28th World Gas Conference (WGC 2022) takes place in Daegu, the energy city of Korea in May 2022.
CHEVRON INVESTMENT $14 BLN
2022, January, 20, 15:24:00
ARABIAN GREEN HYDROGEN $5 BLN
Engie plans to create a green hydrogen hub in the UAE and potentially other regions in a deal worth $5 billion, with the first 200 MW green hydrogen and ammonia project being developed in Abu Dhabi.
CHEVRON INVESTMENT $14 BLN
2022, January, 20, 15:20:00
INDONESIA'S ELECTRICITY + 3 GW
In 2022, the country is expected to commission 2,950 MW of power capacity and to build 4,632 km of transmission lines.
All Publications »