Chevron announces spending plan for 2012
by MBJ Staff
Published: December 8,2011
Tags: energy, fuel, fuel; refinery, gas, gasoline, natural gas, Oil, oil and gas, petroleum
PASCAGOULA — Chevron Corporation has unveiled a $32.7-billion capital and exploratory spending program for 2012.
Total investments for 2011 are estimated at $33 billion, reflecting approximately $28 billion in capital and exploratory expenditures and $4.5 billion for the acquisition of Atlas Energy Inc., which closed earlier in the year.
Capital spending of $3.6 billion in 2012 is budgeted for downstream operations. Investments include refinery projects geared toward improving returns by increasing energy efficiency and feedstock flexibility, and producing cleaner fuels. Investments also are targeted toward producing base oils at Pascagoula and expanding Oronite additives production in Singapore
![[Print]](http://msbusiness.com/wp-content/plugins/tdc-sociable-toolbar/print.png)
![[Email]](http://msbusiness.com/wp-content/plugins/tdc-sociable-toolbar/email_2.png)
![[RSS Feed]](http://msbusiness.com/wp-content/plugins/tdc-sociable-toolbar/rssfeed.png)
![[del.icio.us]](http://msbusiness.com/wp-content/plugins/tdc-sociable-toolbar/delicious.png)
![[Digg]](http://msbusiness.com/wp-content/plugins/tdc-sociable-toolbar/digg.png)
![[Facebook]](http://msbusiness.com/wp-content/plugins/tdc-sociable-toolbar/facebook.png)
To sign up for Mississippi Business Daily Updates, click here.
Recent Posts
- Last defendant in insurance scheme gets 18 years in prison
- Judge rules: Scruggs’ judicial bribery conviction upheld
- Judge orders Rep. Aldridge to pay more than $200K to aunt
- Baseball stadium/entertainment venue proposed at State Port
- County exploring legal avenues to overturn EPA air-quality decision
- Read May 28 issue of the MBJ
- FNC index shows U.S. home prices up for first time since last July
- Appeals Court to hear lawsuits over drawing county district lines
POST A COMMENT