The Australian unit of U.S. oil giant Chevron Corp said on Friday that the partners of the Gorgon Joint Venture have made a final investment decision on the A$3 billion ($1.98 billion) Gorgon Stage 3 development off Western Australia's northwest coast.
CVX unveils a focused 2026 capex plan emphasizing high-return U.S. shale, offshore growth in Guyana and continued investments in lower-carbon initiatives.
Chevron said on Wednesday that capital expenditure for 2026 will be between $18 billion and $19 billion as the oil major focuses on production in the U.S. and investments connected to a recently-acquired oil stake in Guyana.
| - Industry | - Sector | Michael K. Wirth CEO | XFRA Exchange | US1667641005 ISIN |
| US Country | 45,298 Employees | 18 Nov 2025 Last Dividend | 13 Sep 2004 Last Split | 19 Oct 2001 IPO Date |
Chevron Corporation, an integrated energy and chemicals company, operates globally through its subsidiaries. The company leverages two primary segments, Upstream and Downstream, to carry out its operations. Initially known as ChevronTexaco Corporation, it underwent a name change in 2005. Founded in the late 19th century, in 1879, Chevron has its headquarters in San Ramon, California. Its business operations span from the exploration and development of crude oil and natural gas to the manufacturing and marketing of petroleum products and renewable fuels. Additionally, Chevron is involved in various segments of the energy transition, including carbon capture and storage, showcasing its commitment to addressing environmental and sustainability issues.