When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
XEC - Chevron: Long-Term Capital Budget Forecast Slashed Shale Impact
Cimarex Energy Co
Chevron revised its 2021 and long-term spending guidance in December, coming in well below expectations.
Notably, shale has seen its share grow of the Chevron budget in recent years, and it will jump again once Tengiz Field expansion projects are completed next year.
The transactions have implications for other firms directly, including JV partner Cimarex Energy and recently-acquired Noble Midstream.