CVX Jan 2024 155.000 call
- Bloomberg
Chevron Joins Exxon in Lifting Budget as Oil Chase Heats Up
(Bloomberg) -- Chevron Corp. followed rival Exxon Mobil Corp. in raising planned capital spending as the biggest US oil explorers seek to increase long-term crude production. Most Read from BloombergElon Musk's SpaceX Valued at $175 Billion or More in Tender OfferApple Readies New iPads and M3 MacBook Air to Combat Sales SlumpGlobal Bonds Power Ahead as Dovish Bets Take Hold: Markets WrapKevin McCarthy Leaving House Months After Ouster as SpeakerHarvard, Penn Criticized for ‘Insane’ Testimony on
- Reuters
UPDATE 4-Chevron increases project spending budget by 11% for 2024
Oil major Chevron Corp said on Wednesday that it expects to spend between $18.5 billion and $19.5 billion next year on new oil and gas projects, an 11% increase on this year. Its 2024 budget and that of rival Exxon Mobil reflect the industry's continuing rebound after pandemic-influenced pullbacks, recent acquisitions and carbon reduction initiatives. Exxon plans to spend between $22 billion and $27 billion annually through 2027.
- Reuters
Chevron increases project spending budget by 11% for 2024
(Reuters) -Oil major Chevron Corp said on Wednesday that it expects to spend between $18.5 billion and $19.5 billion next year on new oil and gas projects, an 11% increase on this year. Its 2024 budget and that of rival Exxon Mobil reflect the industry's continuing rebound after pandemic-influenced pullbacks, recent acquisitions and carbon reduction initiatives. Exxon plans to spend between $22 billion and $27 billion annually through 2027.
