Chevron's Bold Five-Year Plan: Growth & Power Solutions
Update: 2025-11-13
Description
Chevron unveils ambitious five-year plan, targeting over ten percent annual growth in adjusted free cash flow and earnings per share, assuming oil prices around seventy dollars a barrel. The company aims to increase production by two to three percent each year, reduce capital expenditure, and boost synergies from recent acquisitions. Chevron is also expanding into power solutions for AI data centers, with a dedicated project in West Texas set to go online in 2027. The company reaffirms its commitment to shareholder distributions, with a buyback program targeting ten to twenty billion dollars annually through 2030.
The Daily News Now! — Every city. Every story. AI-powered.
Hosted on Acast. See acast.com/privacy for more information.
Comments
In Channel
Download from Google Play
Download from App Store
United States00:00
00:00
1.0x
