Chevron is aiming for $2 billion in cost and margin improvements in the near future as the US supermajor targets up to $80 billion in shareholder payouts over the next five years.
The California-based giant said this week at its annual security analyst meeting that it aims to hold capital expenditure “in a narrow range” of between $19 billion and $22 billion per annum between 2021 and 2024.
