Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    SweetCrudeReportsSweetCrudeReports
    Subscribe
    • Home
    • Oil
    • Gas
    • Power
    • Solid Minerals
    • Labour
    • Financing
    • Freight
    • Community Development
    • E-Editions
    SweetCrudeReportsSweetCrudeReports
    Home » Chevron announces $36.7bn budget for 2013

    Chevron announces $36.7bn budget for 2013

    December 6, 2012
    Share
    Facebook Twitter LinkedIn WhatsApp

    06 December 2012, Sweetcrude, Houston – Chevron Corporation, Thursday, announced a $36.7 billion capital and exploratory investment programme for 2013.

    Included in the 2013 programme are $3.3 billion of planned expenditures by affiliates, which do not require cash outlays by Chevron.

    “Consistent with long-stated strategies, we’re investing in a portfolio of very attractive oil and gas projects that will deliver volume growth and real value to our stockholders,” said Chairman and chief executive officer John Watson.

    He added: “Next year’s programme supports several projects currently under construction, including our Australian LNG projects and United States deepwater developments. As these and other projects come online, we anticipate production will reach our 2017 goal of 3.3 million barrels
    per day.

    “With our strong balance sheet and industry-leading producing margins, I further expect to continue our pattern of significant stockholder distributions.”

    Approximately 90 percent of the 2013 spending programme is budgeted for upstream crude oil and natural gas exploration and production projects.

    Another 7 percent is associated with the company’s downstream businesses that manufacture, transport and sell gasoline, diesel fuel and other refined products, fuel and lubricant additives, and petrochemicals.

    Related News

    Crude climbs on US jobs report, China talks

    Nigeria’s renewable power capacity to reach 1.7GW in 2035

    Cooking gas costs overshoot N70,000 minimum wage

    E-book
    Resilience Exhibition

    Latest News

    Crude climbs on US jobs report, China talks

    June 6, 2025

    Be deliberate in securing govt facilities in your communities – IBAS

    June 6, 2025

    UAE’s power capacity to reach 79.1GW in 2035

    June 6, 2025

    Gold steady near week high as markets brace for key US jobs data

    June 6, 2025

    Nigeria’s renewable power capacity to reach 1.7GW in 2035

    June 6, 2025
    Demo
    Facebook X (Twitter) Instagram
    • Opec Daily Basket
    • Oil
    • Power
    • Gas
    • Freight
    • Financing
    • Labour
    • Technology
    • Solid Mineral
    • Conferences/Seminars
    • Community Development
    • Nigerian Content Initiative
    • Niger-Delta Question
    • Insurance
    • Other News
    • Focus
    • Feedback
    • Hanging Out With Markson

    Subscribe for Updates

    Get the latest energy news from Sweetcrudereports.

    Please wait...
    Please enter all required fields Click to hide
    Correct invalid entries Click to hide
    © 2025 Sweetcrudereports.
    • About Us
    • Advertise with us
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.