Search
Chevron announced its latest long-term financial goals at its Investor Day. Assuming Brent crude oil at $70 per barrel, the company expects its annual free cash flow and earnings per share to grow by more than 10% by 2030, while maintaining a steady increase in oil and gas production. Chevron also plans to expand cost-cutting and reduce capital expenditures, raising its cost-saving target to $3 billion to $4 billion by the end of 2025. Additionally, Chevron announced that it will build its first natural gas-fired power project to supply electricity to an artificial intelligence data center in western Texas, USA, with plans to commence operations in 2027. Negotiations are currently underway, aiming to finalize the investment decision early next year and seek collaboration with major customers.
-
C114 Communication Network -
Communication Home
