Chevron Corporation has announced an expected organic capital expenditure range of US$15.5 – US$16.5 billion for consolidated subsidiaries (CAPEX) and an affiliate capital expenditure (affiliate CAPEX) budget of approximately US$3 billion for 2024. Upstream spending in 2024 is expected to be about US$14 billion. Of this planned expenditure, two thirds is allocated to the United … Read more
Lummus Technology and Chevron Lummus Global LLC (CLG) announced multiple technology contracts from North Huajin Refining and Petrochemical Co., Ltd. for a grassroots refinery and petrochemical complex in Liaoning Province, China. The complex will include one of the largest vacuum residue desulfurization (VRDS) units in China and one of the largest Novolen polypropylene (PP) plants. … Read more
Chevron U.S.A. Inc., through its Chevron Products Company division (Chevron), and Cummins Inc. announced a memorandum of understanding (MOU) to explore a strategic alliance to develop commercially viable business opportunities in hydrogen and other alternative energy sources. The MOU provides the framework for Chevron and Cummins to initially collaborate on four main objectives: advancing public … Read more