Chevron announces $32.7B capital and exploratory budget for 2012; LNG and deepwater investments propel a step change
Green Car Congress
DECEMBER 8, 2011
Chevron Corporation announced a $32.7 Included in the 2012 program are $3 billion of planned expenditures by affiliates, which do not require cash outlays by Chevron. By 2017, we expect our net crude oil and natural gas production to grow about 20 percent to 3.3 First production is expected in 2016. Spending of $28.5
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