Chevron has scaled back its long-term capital spending plans by up to $8 billion a year on a previous estimate, as the US supermajor follows industry peers in adjusting its business for lower crude prices.
Billions bumped off: Chevron slashes capex but upstream keeps lion's share
Company earmarks $2 billion of upstream budget for prolific Permian basin in US
3 December 2020 17:07 GMT
Updated
3 December 2020 17:07 GMT
By
in
Houston