Chevron announces a $26.6 bln capital and exploratory investment program for FY16
Co announces a $26.6 bln capital and exploratory investment program for 2016. Included in the 2016 program are $4.5 bln of planned expenditures by affiliates. The 2016 budget is 24% lower than total expected investments for 2015.
For Upstream, ~$9 bln of planned capital spending is for existing base producing assets, which includes shale and tight resource investments.