Chevron reduces capex budget in 2025 to improve free cash flow
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Chevron Corporation has announced a reduction in its capital expenditures budget by $2 billion for 2025 to enhance free cash flow. The company expects organic capex for its subsidiaries to be between $14.5 billion and $15.5 billion, and affiliate capex to be between $1.7 billion and $2 billion.
December 06, 2024 | 2:00 pm
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Chevron has reduced its 2025 capital expenditures by $2 billion to improve free cash flow, indicating a strategic shift towards financial efficiency.
The reduction in capex suggests Chevron is focusing on improving its free cash flow, which is generally positive for investors as it may lead to better financial health and potential shareholder returns. This strategic move is likely to be viewed favorably by the market, potentially boosting the stock price in the short term.
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