Chevron Plans to Cut Billions in Spending to Boost its Already Robust Free Cash Flow and Cash Returns in 2025
(NYSE: CVX) is already a free cash flow machine. The oil giant produced $5.7 billion in cash last quarter. Those funds and its strong balance sheet enabled the company to return a record $7.7 billion to shareholders via dividends and repurchases.
The oil company aims to produce even more cash next year, which would give it more money to return to shareholders. Here's a look at Chevron's plans for the upcoming year.
Chevron recently revealed its 2025 capital spending plans. The oil giant expects organic capital expenditures to be between $14.5 billion and $15.5 billion. In addition, it anticipates capital spending at its affiliates to be in the range of $1.7 billion to $2 billion. Overall, these spending ranges represent a $2 billion decline from Chevron's capital spending in 2024.
Source Fool.com
Chevron Corp. Stock
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