Capital Markets | Capital Expenditure | Capital Expenditure - 2019
Chevron Outlines 2019 Budget; Vaca Muerta To Grow 38%; Permian, Marcellus
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Chevron outlined its 2019 capital budget.
Here is the shale spending breakdown:
Source : Shale Experts Activity and CapEx Database
You could say that even though Permian spending is looking to rise only 8% year over year, while Vaca Muerta and Duvernay is set to increase another 38% Year over year. Regardless of how you view the data, the company is increasing its capital spending by 17% Year over year.
Below is a look at Chevron's marketshare, rig activity by Region/Area. This activity is being shown as a marketshare since we are trying to establish where most of the active rigs from the company is operating.
Below is what the company provided on its larger budget for downstream and international.
- ✓ Full news archive — U.S., Canada & international coverage
- ✓ A&D transactions — asset deals, corporate M&A, assets for sale
- ✓ Permits & completions data, plus 900,000+ slides & presentations
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