Chevron Hikes Capex for Permian, Low-Carbon Ramp

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As expected, Chevron’s capital spending will rise by more than 20% next year as the US major ramps up in the Permian Basin, accelerates low-carbon investments, and looks to put myriad pandemic-related disruptions at Tengiz behind it.

President Joe Biden has emphasized that the US is lining up broad economic sanctions against Russia, if it should decide to invade Ukraine.
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