CVX · News · 20260923N
Capital Expenditures
CHEVRON CORP · 2026-09-23 · Importance 59 · Surprise 82 · In source text
Chevron plans to increase exploration spending by more than 50% in 2027. The spending is intended to address declining proven reserves and support long-term production growth across frontier basins. Chevron expects AI and improved seismic data to help identify new exploration prospects, while cash flow at Brent prices near $100 is expected to support continued dividend growth.
Key facts
- Chevron plans to significantly increase its capital spending on exploration by over 50% next year. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | probable | — | Chevron plans to significantly increase its capital spending on exploration by over 50% next year. |
| assets | positive | probable | — | Chevron plans to significantly increase its capital spending on exploration by over 50% next year. |