Chevron announces $32.7B capital and exploratory budget for 2012; LNG and deepwater investments propel a step change
Green Car Congress
DECEMBER 8, 2011
By 2017, we expect our net crude oil and natural gas production to grow about 20 percent to 3.3 Approximately 87% of the 2012 spending program is budgeted for upstream crude oil and natural gas exploration and production projects. Global exploration funding is expected to be $3 billion in 2012. million barrels per day.
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