Chevron Corporation (NYSE: CVX) today announced an organic capital expenditure range of $18 to $19 billion for consolidated subsidiaries (capex) for 2026, at the low-end of the long-term guidance range of $18 to $21 billion. Affiliate capital expenditure (affiliate capex) is expected to be $1.3 to $1.7 billion for 2026.
Price Target UpdateSector Analysis
Chevron Forecasts $18B-$19B Organic Capex For 2026, Affiliate Capex $1.3B-$1.7B
Benzinga•December 03, 2025 at 11:01 PM•Full Content
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Chevron Corporation
"moderately positive"
6
Gist
Chevron projects $18B–$19B in organic capital spending and $1.3B–$1.7B in affiliate capex for 2026, aligning with its long-term guidance.
LLM Summary
Chevron has forecasted organic capital expenditures of $18–$19 billion and affiliate capex of $1.3–$1.7 billion for 2026, positioning itself at the lower end of its long-term $18–$21 billion organic capex guidance. The update reflects the company’s ongoing capital planning and investment strategy in energy infrastructure and projects.
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Metadata
Author:
Benzinga Newsdesk
Tickers:
CVX
Updated At:
December 03, 2025 at 7:01 PM
Benzinga Channels:
News, Guidance
Teaser:
Chevron Corporation (NYSE:CVX) today announced an organic capital expenditure range of $18 to $19 billion for consolidated subsidiaries (capex) for 2026, at the low-end of the long-term guidance range of $18 to $21
Benzinga Stocks:
CVX (NYSE)
Benzinga Article ID:
49199096