Chevron sets 2026 capex at $18–$19 billion, prioritises high-return upstream growth

Chevron Corp. has announced an organic capital expenditure (capex) range of $18–$19 billion for 2026, positioning next year’s budget at the lower end of its long-term guidance as the company emphasizes disciplined spending, efficiency improvements and high-return upstream development.

https://worldoil.com/news/2025/12/4/chevron-sets-2026-capex-at-18-19-billion-prioritizes-high-return-upstream-growth/