The Houston-based player is to throw themajority of its $8.5 billion exploration and production expenditure at the USonshore market, with the Permian basin a major focus.
Sixty-four percent of the total - $5.4billion – will go on North American onshore plays, with $2.6 billion in thePermian basin, $1.7 billion in the Central basin, $500 million in the onshore USGulf coast and $600 million in Canada.
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