Chevron announces 2025 capex budget & 4q24 interim updates

San ramon, calif.--(business wire)--chevron corporation today announced an organic capital expenditure range of $14.5 to $15.5 billion for consolidated subsidiaries (capex) and an affiliate capital expenditure (affiliate capex) range of $1.7 to $2.0 billion for 2025. the company's 2025 capex and affiliate capex budgets represent a $2 billion year-over-year reduction. "the 2025 capital budget along with our announced structural cost reductions demonstrate our commitment to cost and capital disci.
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