California-based Chevron Corp. (NYSE: CVX), whose upstream arm is based in Houston, has joined a growing list of oil and gas producers that have announced multibillion-dollar cuts for the year.
Chevron is shedding 20 percent of its capital expenditure budget for 2020, landing at $16 billion for the year, according to a March 24 press release.
The reductions will come from a number of places across Chevron’s portfolio, but the largest reduction comes from its upstream unconventional arm, primarily…
