Chevron (CVX) Tops Q4 EPS Views

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Go back to Chevron (CVX) Tops Q4 EPS Views

Chevron (CVX) Plans 13% Lower Capital Budget for FY15

January 30, 2015 8:32 AM EST

Chevron (NYSE: CVX) announced a $35.0 billion capital and exploratory investment program for 2015. Included in the 2015 program are $4.0 billion of planned expenditures by affiliates, which do not require cash outlays by Chevron. The 2015 budget is 13% lower than total investments for 2014.

We continue to execute against a consistent set of business strategies which are focused on creating long-term value for our shareholders. Although commodity prices have fallen recently, we believe long-term market fundamentals... More