Chevron projects $20 billion spending budget for 2019
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HOUSTON (Reuters) - Chevron Corp , the second largest U.S.-based oil producer, is budgeting $20 billion for capital projects next year, the company said on Thursday.The San Ramon, California-based company's spending budget is at the high end of its annual $18 billion to $20 billion range through 2020 that it set earlier this year.Chevron said in a statement that 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..