Chevron Trims Capital Spending, Downstream Budget Falls Sharply

摘要

Chevron has become the latest integrated major to cut capital spending for next year. The California-based company unveiled a $21.6 billion capital spending budget Thursday, down 5% from this year. Chevron's announcement comes just a week after ConocoPhillips finalized a 10% reduction in its 2010 budget (OD Dec.3,p2).