December 6, 2018 / 10:09 PM / 6 days ago

Chevron projects $20 billion spending budget for 2019

HOUSTON, Dec 6 (Reuters) - Chevron Corp, the second largest U.S.-based oil producer, is budgeting $20 billion for capital projects next year, the company said on Thursday.

The San Ramon, California-based company said it plans to spend $3.6 billion to produce oil and gas in the Permian Basin of west Texas and New Mexico and $1.6 billion for other shale investments. Chevron will spend $4.3 billion on its Tengiz field in Kazakhstan.

About $2.5 billion of planned spending is for the downstream business that refines, transports and markets fuels and petrochemicals. (Reporting by Jennifer Hiller Editing by Tom Brown)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below