• Chevron outlined a strategy centered on sustained free cash flow growth, capital discipline, lower costs, shareholder returns, lower carbon intensity.
• Capex guidance cut to USD 18-21 billion per year, with affiliate capex of USD 1-2 billion.
• Share repurchase guidance set at USD 10-20 billion annually for 2026-2030, implying about 3% to 6% of shares outstanding per year.
• Dividend plus capex breakeven targeted below USD 50 per barrel Brent on a 2026-2030 average basis.
• Targeted more than 3% ROCE improvement by 2030, with expected average annual growth above 10% for adjusted free cash flow and EPS.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Chevron Corporation published the original content used to generate this news brief on August 07, 2026, and is solely responsible for the information contained therein.