U.S. oil major Chevron Corp on Tuesday pledged to restrain spending and return m...
NEW YORK - U.S. oil major Chevron Corp on Tuesday pledged to restrain spending and return more cash to shareholders in a bid to lure investors, while forecasting strong annual production gains over the next five years.
Chevron on Tuesday at its annual meeting with equity analysts said it expects production to rise 3 percent to 4 percent annually through 2023, boosted by strong performance in the top U.S. shale field, the Permian Basin. The stakes are such that Exxon on Tuesday forecast shale production of 1 million barrels per day in the Permian as early as 2024, grabbing the spotlight on the day Chevron was making a case in its oil growth.
The company continues to focus on short-cycle projects like shale, said Biraj Borkhataria of RBC Europe Limited. Chevron’s Permian production at the end of 2018, some 377,000 barrels per day, was an 84 percent increase over a year earlier.
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
Holiday sales boost Target forecasts, shares jumpTarget Corp forecast 2019 profit above Wall Street estimates on Tuesday as stron...
और पढो »
Parsons Corp. is moving its headquarters from Pasadena to Washington, D.C., areaParsons Corp. said it’s moving its headquarters from Pasadena to the Washington, D.C., area so that the engineering, construction and cybersecurity firm can support its sizable workforce in Washington and be closer to key customers.
और पढो »
Bank of America, RBS sued in U.S. over euro bond cartelBank of America Corp and Royal Bank of Scotland Group Plc have been sued by inve...
और पढो »
Lockheed gets $1 billion down payment for Saudi THAAD missile systemLockheed Martin Corp will receive the first payment toward the installation a $1...
और पढो »
Barrick says open to Nevada joint venture talks with NewmontBarrick Gold Corp Chief Executive Mark Bristow said on Monday he wants to speak ...
और पढो »
Newmont rejects Barrick's buyout offer, proposes Nevada tie-upNewmont Mining Corp on Monday rejected rival Barrick Gold Corp's unsolicite...
और पढो »
Newmont rejects Barrick's buyout offer, proposes Nevada JVNewmont Mining Corp rejected rival Barrick Gold Corp's $18 billion buyout o...
और पढो »
Kia, Hyundai expand U.S. engine fire recalls by 534,000 vehiclesKia Motors Corp and affiliate Hyundai Motor Co said on Thursday they are recalli...
और पढो »
Caesars bows to Icahn demands on board, sale still eyedU.S. casino operator Caesars Entertainment Corp has struck a deal with investor ...
और पढो »
Toyota, Fiat Chrysler U.S. auto sales fall in FebruaryToyota Motor Corp and Fiat Chrysler Automobiles NV reported a fall in U.S. auto ...
और पढो »