Chevron (CVX) Affirms Near-Term Outlook; Plans Additional Spending Cuts

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Go back to Chevron (CVX) Affirms Near-Term Outlook; Plans Additional Spending Cuts

Chevron Affirms Production Growth; Announces New Spending Cuts

March 8, 2016 8:01 AM EST

Upcoming project completions and shale drilling efficiency highlighted Capital spending budget for 2017-18 targets $17-22 billion per year

NEW YORK--(BUSINESS WIRE)-- Chevron Corporation (NYSE: CVX) hosted its annual security analyst meeting in New York where executives reiterated priorities, expressed confidence in the companys near term outlook and emphasized an advantaged position when markets rebound.

Were completing major projects that have been under construction for several years. This enables us to grow production and reduce spending at the same... More