Finance

Chevron boosts 2024 capital spending due to improved market fundamentals

US energy giant’s organic investment is expected to range between $15.5 billion and $16.5 billion next year

Capital spending plans: Chevron chief executive Mike Wirth.
Capital spending plans: Chevron chief executive Mike Wirth.Photo: REUTERS/SCANPIX
Middle East EditorNew Delhi
ChevronExxonMobilHessGuyanaUS Permian Basin
Published 7 December 2023, 05:48Updated 12 December 2023, 16:49