29 January 2009 18:30 [Source: ICIS news]
TORONTO (ICIS news)--US energy major Chevron has budgeted $1bn (€760m) for chemicals, technology and related capital spending this year, the ?xml:namespace>
The company did not disclose specific chemical projects or comparable data for last year.
Capital spending for refining, marketing and transportation would be $4.3bn, it said.
This included projects at Chevron refineries in
The $1bn and $4.3bn were part of Chevron’s overall $22.8bn capital and exploratory spending programme for 2009, it said.
“Our company’s financial strength enables the funding of attractive investments consistent with our long-term strategies,” CEO Dave O’Reilly said.
The San Ramon, California-based company is due to report 2008 fourth-quarter and full-year results on Friday.
($1 = €0.76)
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