U.S. Oil Majors Focus On Cost Discipline In Spending Plans ...Middle East

As Exxon and Chevron focus more on shareholder returns and less on speculative spending, they are both reining in investments in large international oil projects and focusing more on investing in the Americas. Chevron says it'll use 70% of its capital allocation for production on oil fields in the U.S., Argentina and Canada, while Exxon says they will allocate a similar portion of their budget to places like the Permian Basin, Brazil and LNG projects, The Wall Street Journal reported this week. Both companies are moving out of places like Asia,…

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U.S. Oil Majors Focus On Cost Discipline In Spending Plans ...Middle East

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