Global energy giant Chevron has outlined its capital expenditure plans for 2026. The company projects investments between $18 billion and $19 billion. This spending targets U.S. oil production and strategic investments in Guyana.
This financial outlook places Chevron’s anticipated 2026 expenditure at the lower end of its previously communicated annual investment guidance. The company recently acquired an oil stake in Guyana.
Investment Overview
Chevron projects its 2026 capital expenditure between $18 billion and $19 billion. This financial commitment reflects strategic priorities. The range clarifies planned resource allocation.
Strategic Focus Areas
United States Oil Production
A major portion of the allocated capital will support oil production initiatives across the United States. Chevron emphasizes boosting domestic output. These investments target increased efficiency and capacity.
Guyana Stake Development
Chevron also directs funds specifically towards investments linked to its new oil stake in Guyana. The company recently acquired this significant interest. This marks an important expansion into a promising international basin.
Financial Context
The $18 billion to $19 billion range for 2026 capital expenditure sits at the lower boundary of Chevron’s prior annual investment guidance. This indicates a disciplined approach to spending. Chevron manages capital judiciously.
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