Learn languages naturally with fresh, real content!

tap to translate recording

Explore By Region

flag Chevron cuts Permian spending, slowing production growth, contrasting Trump's energy goals.

flag Chevron plans to cut capital spending in the Permian Basin to $4.5-$5 billion in 2025, a 10% decrease, slowing down production growth. flag This move, which aims to boost free cash flow, contrasts with President-elect Trump's goal to increase American energy output. flag The reduction could be beneficial for OPEC and allies as it may help in controlling the oversupply of oil, which has caused oil prices to drop by 18% since April. flag Despite the cut, Chevron expects to increase production in the Permian next year, though at a slower pace than previous years.

14 Articles

Further Reading