Drill Baby Drill ! - “Production growth is reduced in favor of free cash flow,” Chevron Slows Permian Growth in Hurdle to Trump Oil Plan

[Twisted Gypsy Child]

You been HOODWINKED again .Chevron says we ain't "increasing production" Far from it, "we cutting back".

"fool me once, shame on you; fool me twice, shame on me"

The next 4 years are going to be like a smorgasbord of "bad news" and "disappointments". Get in line, belly up, and prepare for the feast.


(Bloomberg) — Chevron Corp. (CVX) plans to slow production growth in the biggest US oil field next year in the most definitive sign yet that President-elect Donald Trump faces an uphill battle to ramp up American energy output.

Chevron will reduce capital expenditures in the Permian Basin to between $4.5 billion and $5 billion in 2025, a drop of as much as 10%, the company said in a statement Thursday. Globally, the oil explorer expects to spend about $17 billion compared to $19 billion this year in the first budget cut since 2021.

“Production growth is reduced in favor of free cash flow,” Chevron said in the statement.

https://www.yahoo.com/finance/news/chevron-slows-permian-growth-latest-211547060.html

 

[luiza]

(Bloomberg) — Chevron Corp. (CVX) plans to slow production growth in the biggest US oil field next year in the most definitive sign yet that President-elect Donald Trump faces an uphill battle to ramp up American energy output.

Chevron will reduce capital expenditures in the Permian Basin to between $4.5 billion and $5 billion in 2025, a drop of as much as 10%, the company said in a statement Thursday. Globally, the oil explorer expects to spend about $17 billion compared to $19 billion this year in the first budget cut since 2021.

“Production growth is reduced in favor of free cash flow,” Chevron said in the statement.

Would you like companies to produce Fake forecasts to keep Sheeple like you happy?
What advantages do you believe accrue from deceit and dishonesty ?

 

[Twisted Gypsy Child]

Would you like companies to produce Fake forecasts to keep Sheeple like you happy?
What advantages do you believe accrue from deceit and dishonesty ?

Cultist....
Oil prices are falling... Weak global oil demand.. You think they going to "drill baby drill" and take a loss
"fool me once, shame on you; fool me twice, shame on me"

 

[Dekster]

The industry is starting to recognize that they have to keep prices at a certain level in order to keep fracking as a viable component to the mix. This is little more than that. They are not going to race to the bottom. Stable supply and pricing is more important than getting the lowest possible prices, especially considering how long it takes to add new refining capacity to the mix.

 

[luiza]

Cultist....
Oil prices are falling... Weak global oil demand.. You think they going to "drill baby drill" and take a loss
"fool me once, shame on you; fool me twice, shame on me"

You forgot to tell us which Cult you are a member of .
And why you believe you made a fool of yourself .

BTW you also forgot to tell us why Chevron should change their forecast to suit you .

 

[Twisted Gypsy Child]

You forgot to tell us which Cult you are a member of .
And why you believe you made a fool of yourself .

BTW you also forgot to tell us why Chevron should change their forecast to suit you .

^^ fruitcake

 

[22lcidw]

Cultist....
Oil prices are falling... Weak global oil demand.. You think they going to "drill baby drill" and take a loss
"fool me once, shame on you; fool me twice, shame on me"

Give us our money. We will watch ur children die horribly. For that is what u did to us. The inflation. Oh, the inflation. You evil scum bags. Give us our money. Give us our money. Give us our money. We are tired of paying for you as you are ungrateful and thin u are owed.

 

[Twisted Gypsy Child]

Give us our money. We will watch ur children die horribly. For that is what u did to us. The inflation. Oh, the inflation. You evil scum bags. Give us our money. Give us our money. Give us our money. We are tired of paying for you as you are ungrateful and thin u are owed.

^^embarrassment to the Information Highway

 

[22lcidw]

^^embarrassment to the Information Highway

Wealth was stolen. Only morons do not think that.

 

[TimFitz]

Would you like companies to produce Fake forecasts to keep Sheeple like you happy?
What advantages do you believe accrue from deceit and dishonesty ?

What? What “fake forecasts”????

You don’t have anything to support that claim. it’s obvious nonsense you made up.

 

[TimFitz]

Cultist....
Oil prices are falling... Weak global oil demand.. You think they going to "drill baby drill" and take a loss
"fool me once, shame on you; fool me twice, shame on me"

It is really amazing the idiotic nonsense the Trump cult falls for. Over and over again.

 

[TimFitz]

You forgot to tell us which Cult you are a member of .
And why you believe you made a fool of yourself .

BTW you also forgot to tell us why Chevron should change their forecast to suit you .

You know which cult you belong to, and so do the rest of us.

Somce you’re the one who made up the claim that Chevron is producing false forecasts, perhaps you can explain your farcical question regarding changing said forecast.

 

[Crepitus]

You been HOODWINKED again .Chevron says we ain't "increasing production" Far from it, "we cutting back".

"fool me once, shame on you; fool me twice, shame on me"

The next 4 years are going to be like a smorgasbord of "bad news" and "disappointments". Get in line, belly up, and prepare for the feast.


(Bloomberg) — Chevron Corp. (CVX) plans to slow production growth in the biggest US oil field next year in the most definitive sign yet that President-elect Donald Trump faces an uphill battle to ramp up American energy output.

Chevron will reduce capital expenditures in the Permian Basin to between $4.5 billion and $5 billion in 2025, a drop of as much as 10%, the company said in a statement Thursday. Globally, the oil explorer expects to spend about $17 billion compared to $19 billion this year in the first budget cut since 2021.

“Production growth is reduced in favor of free cash flow,” Chevron said in the statement.

https://www.yahoo.com/finance/news/chevron-slows-permian-growth-latest-211547060.html

There's dropping demand so they gotta lower the supply to support the price.

"drill baby drill" was never gonna work to lower prices.

 

[Crepitus]

Give us our money. We will watch ur children die horribly. For that is what u did to us. The inflation. Oh, the inflation. You evil scum bags. Give us our money. Give us our money. Give us our money. We are tired of paying for you as you are ungrateful and thin u are owed.

So, starting early or is it still last night for you?

 

[Twisted Gypsy Child]

There's dropping demand so they gotta lower the supply to support the price.

"drill baby drill" was never gonna work to lower prices.

"fool me once, shame on you; fool me twice, shame on me" and does not apply to thee.
Cultists will NEVER learn