Chevron announces spending plan for 2012
by MBJ Staff
Published: December 8,2011
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
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- Stabenow, Cochran brace for full Senate vote on Farm Bill
- District at Eastover construction to start later this year
- Counties ‘hoping to get it right’ as they await Tuscaloosa Marine shale boom
- Ex-Northwest Rankin coach David Coates dies before drug trial
- Fervor grows for Tuscaloosa Marine Shale
- Keeping Our Eye On Nathan McNeill
- Forward-thinking power companies transform “disruptions” into opportunities
- OUR VIEW: USM makes right call by calling off tornado relief campaign
- WILLOUGHBY: Rubinsky grows First Class Linen from ground up