Chevron’s 2025 capex reduction could be a precursor to other supermajor rein-ins next year

Operator’s capex in prolific Permian basin is “lower than anticipated”

Chevron chief executive Mike Wirth.
Chevron chief executive Mike Wirth.Photo: CHEVRON
Published 6 December 2024, 10:16Updated 6 December 2024, 15:21
ChevronUnited StatesPermian BasinAmericasNorth America