Chevron sees 2026 production up 7%-10%

Sees capex $18B-19B. The company said, “We’re executing our plan with discipline, consistent with our long-standing financial priorities. This disciplined approach gives us resilience during periods of volatility, and the ability to invest and return cash to shareholders through the cycle, all while ensuring we maintain a balance sheet built for the long-term. Chevron’s (CVX) business is strong and our 2026 guidance is unchanged. Capital spending and production outlooks are consistent with previous guidance, and we’re on-track to deliver our $3 to $4 billion structural cost reduction target by year-end. This consistency underpins our 2030 targets announced in November, including over 10% growth in adjusted free cash flow and earnings per share, and 3% improvement in ROCE, all at $70 Brent. These aren’t aspirational goals; they’re grounded in assets that are operating today, a more efficient organizational model, and continued capital discipline.”