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. million barrels per day. —Chairman and CEO John Watson. First production is expected in 2016.
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