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
- A BIG CHANGE: New mortgage rules seen bringing increase in pricey mobile home loans
- Warden who lives hundreds of miles from jail resigns
- Ex-MDEQ leader Fisher joins Butler Snow
- Hunting-weapons legislation passes House
- Analyst: KiOR Columbus plant may end up sold as scrap
- Jail kitchen supervisor pleads guilty to stealing food
- WILLOUGHBY: Bernie Reed cites hard work as key to success of Reed’s Metals
- (UPDATE) Gov. Bryant: $1.2 billion aluminum plant is a very exciting proposition for the state of Mississippi
- Nehi Bottling Company has been a Cleveland fixture for 85 years