Chevron announces $16 billion 2024 capex budget

San ramon, calif.--(business wire)--chevron corporation (nyse: cvx) today announced an expected organic capital expenditure range of $15.5 to $16.5 billion for consolidated subsidiaries (capex) and an affiliate capital expenditure (affiliate capex) budget of approximately $3 billion for 2024. upstream spending in 2024 is expected to be about $14 billion. of this planned expenditure, two-thirds is allocated to the united states, including approximately $6.5 billion to develop chevron's u.s. shal.
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