Chevron Targets About 600,000 Barrels Per Day From Venezuela Ventures
Photo: TokenPost
Chevron plans to roughly double output from its Venezuela joint ventures to about 600,000 barrels per day by 2031, with management saying expected costs are below $20 per barrel. Chevron management described the plan as immediately accretive, self-funding and positive for free cash flow. Chevron's adjusted earnings in the third quarter were $10.4 billion, down $1.6 billion from the prior quarter. Operating cash flow excluding working capital was $16.6 billion. John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.
Source: TokenPost
