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Chevron cuts 2025 budget to $14.5-$15.5B, focusing on high-return, lower-carbon projects.
Chevron plans to spend between $14.5 billion and $15.5 billion in 2025, a $2 billion reduction from the previous year, focusing on high-return and lower-carbon projects to enhance free cash flow.
The budget includes $1.7 to $2 billion for affiliate spending and $13 billion for upstream investments, with about two-thirds dedicated to the U.S. portfolio.
The company also anticipates a restructuring charge of $0.7 to $0.9 billion.
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Chevron recorta el presupuesto de 2025 a $14,5-$15,5B, centrándose en proyectos de alto rendimiento y bajas emisiones de carbono.