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

Capex cutter: Chevron chief executive Mike Wirth
Capex cutter: Chevron chief executive Mike WirthPhoto: ANDREW MANGUM/UPSTREAM
Published 3 December 2020, 17:07Updated 3 December 2020, 17:07