Chevron Announces 2026 Capex Budget of $18 to $19 Billion

Core Viewpoint - Chevron Corporation announced an organic capital expenditure range of $18 to $19 billion for consolidated subsidiaries for 2026, which is at the low end of the long-term guidance range of $18 to $21 billion [1] Capital Expenditure - The expected affiliate capital expenditure for 2026 is projected to be between $1.3 billion and $1.7 billion [1] - The 2026 capital program is designed to focus on the highest-return opportunities while maintaining discipline and improving efficiency [1]