Chevron (CVX) Plans $13.8 Billion Vaca Muerta Expansion Through 2035

Chevron (NYSE:CVX) outlined a proposed US$13.8b investment plan to expand operations in Argentina's Vaca Muerta shale through 2035. The proposal targets a tripling of oil production from Chevron's Vaca Muerta assets by 2035 compared with current levels. The planned capital program would extend Chevron's exposure to one of Argentina's key shale regions over multiple decades. Chevron's push to triple Vaca Muerta output by 2035 is only one piece of a much broader story for the company. We have...