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 ยป 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

    UAE to up value of US energy investments to $440 billion by 2035

    With US trade war, China now top buyer for Canadian crude on Trans Mountain pipeline

    Global oil supply to rise faster than expected after OPEC+ hike, IEA says

    E-book
    Resilience Exhibition

    Latest News

    World Bank approves $350 million grant for Malawi hydropower project

    May 17, 2025

    UAE to up value of US energy investments to $440 billion by 2035

    May 17, 2025

    Germany’s Uniper, Britain’s Octopus Energy sign power and gas agreement

    May 17, 2025

    With US trade war, China now top buyer for Canadian crude on Trans Mountain pipeline

    May 17, 2025

    Asian spot LNG prices rise slightly on US-China tariff truce

    May 17, 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.