Chevron Corporation (NYSE: CVX) announced an organic capital expenditure budget of $18–19 billion for 2026, signaling a disciplined approach that keeps spending at the low end of its long-term guidance while doubling down on U.S. shale, global offshore developments, and lower-carbon initiatives. The company expects to deploy roughly $10.5 billion in the United States, more than half of next year’s total capex, with nearly $6 billion directed to shale and tight oil assets across the Permian, DJ Basin, and ...