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Dec 4, 2025 8:00 AM

Chevron Keeps 2026 Capex Tight While Planning Billions For Shale And Guyana

Chevron Corporation (NYSE:CVX) on Wednesday disclosed that it expects an organic capital expenditure range of $18–$19 billion for consolidated subsidiaries (capex) in 2026.

The guidance is at the lower end of its long-term outlook of $18–$21 billion.

The company also expects to allocate $1.3–$1.7 billion in capital expenditures through its affiliates next year.

Also Read: TotalEnergies Sells 40% Stake In Nigeria Offshore Blocks To Chevron

Details

Chevron projects total U.S. capital spending to reach roughly $10.5 billion, accounting for more than half of ...