CVX · News · 20261031N

Capital Expenditures

CHEVRON CORP · 2026-10-31 · Importance 58 · Surprise 82

Chevron has raised exploration spending by 50%, according to the report. The company is shifting focus toward high-impact frontier exploration in South America, Africa, and the Eastern Mediterranean. Its identified exploration opportunity countries include Guyana, Angola, Namibia, Nigeria, Guinea-Bissau, Equatorial Guinea, and Egypt.