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Chevron pares back 2026 budget as it prioritizes cash generation over output growth

Chevron (NYSE:CVX) announced plans to reduce next year’s spending, signaling a strategic shift toward boosting profitability ...

Chevron trims spending plan as focus shifts to cash generation

Chevron said it will scale back planned spending next year as the company shifts its priority toward profitability rather than expanding output, with crude trading near its weakest levels since 2021.