Chevron Plans to Spend $14 Billion on Oil and Natural Gas Production in 2024

Chevron’s ambitious plans reflect its optimistic outlook on the industry and its confidence in the future of oil and natural gas. The $14 billion investment will be focused on various projects worldwide, including exploration, drilling, and infrastructure development. These projects will contribute to Chevron’s overall production capacity and help it secure its position as a leading player in the energy sector.

Chevron seems to believe oil and gas will continue to be profitable despite others' investing in renewables.