Chevron to cut capital budget for 2021

摘要

Houston—Chevron will cut its capital budget for 2021, even following its recent acquisition of Noble Energy, the company said Oct. 30. Chevron, which closed its $5 billion acquisition of Noble earlier this month – its largest deal since merging with Texaco nearly 20 years ago – is looking at a preliminary capital budget for next year of $14 billion, Chief Financial Officer Pierre Breber said in a third-quarter earnings call Oct. 30.