Chevron announces $15 billion capital and exploratory budget for 2022

San ramon, calif.--(business wire)--chevron corporation (nyse: cvx) today announced a 2022 organic capital and exploratory spending program of $15 billion, at the low end of its $15 to $17 billion guidance range and up more than 20% from 2021 expected levels. this capital program supports chevron's objective of higher returns and lower carbon, including approximately $800 million in lower carbon spending. the program excludes expected inorganic capital of $600 million in anticipation of the for
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