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Chevron announces $32.7B capital and exploratory budget for 2012; LNG and deepwater investments propel a step change

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Another 11% is associated with the company’s downstream businesses that manufacture, transport and sell gasoline, diesel fuel and other refined products, fuel and lubricant additives, and petrochemicals. Global exploration funding is expected to be $3 billion in 2012. Spending of $28.5 Kazakhstan/Russia: Caspian Pipeline expansion.

Chevron 170