Chevron’s 2017 Capex Budget Is Up 45% In The Permian, But Down Most Everywhere Else

Compared to PDC Energy’s budget release earlier this week, Chevron’s 2017 continuing budget cuts are a stark reminder of the divergence theme we first wrote about in early-November. That said, these budget cuts are impacting most every area except one, the Permian. We break down the majors budget for subscribers in this update.

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