Chevron Announces $36.7 Billion Capital Expenditure Budget for 2013
Chevron
Corp. (NYSE:CVX) announced yesterday that it has set an energy
exploration and investment budget of $36.7 billion for 2013; about 12%
more than this year’s budget.About 90% of the budget has been set aside
for upstream crude oil and natural gas projects including exploration
and production, whilst 7 percent is intended for downstream business
such as gasoline, diesel, and other refined products, and lubricant
additives.The budget will also go towards projects such as the
Australian LNG terminal and deep water wells in the US.Last…Read more...http://oilprice.com/Latest-Energy-News/World-News/Chevron-Announces-36.7-Billion-Capital-Expenditure-Budget-for-2013.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+oilpricecom+%28Oil+Price.com+Daily+News+Update%29
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