Chevron Plans $16 Billion in 2024 Capex, Led by U.S. Upstream

December 8, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--Chevron Corporation (NYSE:CVX) (San Ramon, California) has announced an organic capital expenditure (capex) budget of $16 billion for 2024. The spend includes $14 billion for upstream spending, two-thirds of which is allocated to the U.S. Industrial Info is tracking $30 billion worth of active Chevron projects worldwide, including $18 billion worth in the U.S.