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Chevron to increase exploration budget by 50% this year compared to last year

Oilprice.com · ·by G4L

CVX Chevron Corp
$210.78 -0.86%
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  1. 1Chevron recorded a 50% increase in its exploration budget this year compared to last year.
  2. 2Chevron's exploration spending is expected to reach the top tier of 1.5 billion dollars this year.
  3. 3Chevron's annual number of exploration drilling wells was 10 two years ago.

So what's the key point?

Chevron has increased the money it spends on finding new resources by 50% compared to last year. The company's exploration spending is expected to reach 1.5 billion dollars this year.

Source Oilprice.com · View original ↗

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