Chevron announces a $20-billion total CapEx budget for 2019
Yesterday, Chevron Corporation (stock ticker: CVX) provided more details on its 2019 organic capital and exploratory spending program.

Total capital and exploratory expenditures will increase approximately 9.3% from 2018-2019, including  an increase in shale spending.

This is a big change from pre-downturn days of 2014. In 2018 spending was down for the fourth consecutive year. Capital and exploratory spending shrank from $39.8 billion in 2014 to $18.3 billion for 2018. Finally the reversal of this trend has come in 2019.

Source: Chevron
Growing Permian value
In the Chevron upstream business, approximately $10.4 billion is forecasted to sustain and grow currently produc...


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