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Chevron leans on Hess and Guyana growth as it high-grades its portfolio

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Sig3.29Sen+3.28Env-3.27Soc+0.12Gov+0.78

Chevron and Shell outline portfolio high-grading, cost cuts, and disciplined capital plans. Chevron leans on its Hess acquisition, Guyana, and the Permian, with Guyana expected to support high-margin oil growth into the 2030s. A $16.4 billion deal is projected to lift combined integrated gas and upstream growth to about 4% annually through 2030, though results remain highly sensitive to Brent prices.

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