Chevron Announces 2026 Capex Budget of $18 to $19 Billion
Chevron Corporation (CVX)
Last chevron corporation earnings: 5/1 06:45 am
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Source: Business Wire
HOUSTON--(BUSINESS WIRE)--Chevron Corporation (NYSE: CVX) today announced an organic capital expenditure range of $18 to $19 billion for consolidated subsidiaries (capex) for 2026, at the low-end of the long-term guidance range of $18 to $21 billion. Affiliate capital expenditure (affiliate capex) is expected to be $1.3 to $1.7 billion for 2026.“Our 2026 capital program focuses on the highest-return opportunities while maintaining discipline and improving efficiency, enabling us to grow cash flow and earnings,” said Chevron Chairman and CEO Mike Wirth. “We’re positioned to deliver superior shareholder returns while advancing investments that strengthen long-term value.”Organic CapexTotal U.S. spend is anticipated to be about $10.5 billion, more than half of the 2026 capex budget. Upstream is expected to be approximately $17.0 billion. Nearly $6.0 billion is expected for U.S. shale & tight assets that include Permian, DJ and Bakken, underpinning anticipated U.S. production of more
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- 10/31/25 - Beat
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Sec Filings
- 12/5/25 - Form 8-K
- 12/5/25 - Form 424B2
- 12/4/25 - Form FWP
- CVX's page on the SEC website