Chevron Details 5-Year Financial, Operational Plan
MT Newswires Live
3 hours ago
Chevron (CVX) said Wednesday it expects earnings per share annual growth greater than 10% at $70 Brent as the company outlined its five-year plan through 2030.
The company lowered its capital expenditures guidance to between $18 billion and $21 billion per annum and intends to increase oil and gas production by 2% to 3% annually through 2030.
Chevron also said it expects to repurchase $10 billion to $20 billion in shares annually through 2030 at average prices of $60 to $80 Brent.
The company expects to deliver its first artificial intelligence data center power project in West Texas, aiming for first power in 2027, it said.
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