Bloomberg News

Chevron to Spend About $3 Billion on Exploration This Year

March 13, 2012

Chevron Corp. (CVX) will spend about $3 billion this year exploring for oil and natural gas.

The company is planning to drill 90 exploration or appraisal wells worldwide, Vice Chairman George Kirkland said at Chevron’s analyst conference today.

To contact the reporter on this story: Joe Carroll in Chicago at jcarroll8@bloomberg.net

To contact the editor responsible for this story: Tina Davis at tinadavis@bloomberg.net


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