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Chevron Projects $20 Billion Spending Budget For 2019

Chevron Corp. (NYSE: CVX), the second largest U.S.-based oil producer, is budgeting $20 billion for capital projects next year, the company said Dec. 6. The San Ramon, California-based company said it plans to spend $3.6 billion to produce oil and gas in the Permian Basin of west Texas and New Mexico and $1.6 billion for other shale investments. Chevron will spend $4.3 billion on its Tengiz field in Kazakhstan.
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