30
Jan
2009

Chevron's 2009 capex budget unchanged while ConocoPhilips announces big Q4 loss

Corporate, North America

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US major Chevron has announced that its projected capital expenditure for 2009 will be $22.8 billion, with no change from its 2008 level. Dave O'Reilly, the company's chairman and chief executive officer, said that much of the spending "continues to be on large, multiyear projects aimed at increasing energy supplies to meet global demand and also improving operating efficiency and reliability."

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