Chevron posts investor presentation highlighting free cash flow growth strategy and shareholder returns focus

(AWP Alliance News) - Chevron outlined plans to lift annual free cash flow by about USD 12.5 billion by 2026 versus 2024, assuming Brent at USD 70 a barrel, Henry Hub at USD 2.50 per MMBTU, international LNG at USD 11 per MMBTU, mid-cycle refining, 2026 chemical margins. The company set capital spending guidance at USD 18 billion-USD 21 billion a year, with affiliate capex of USD 1 billion-USD 2 billion.

It reiterated annual share repurchase guidance of USD 10 billion-USD 20 billion, targeting about 3%-6% of shares outstanding per year. Chevron also flagged a dividend and capex breakeven of below USD 50 a barrel Brent on a 2026-2030 average.

It projected adjusted free cash flow growth of more than 14% CAGR to 2030 on a USD 70 Brent nominal case, with more than 10% CAGR on a USD 70 Brent real case.

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Disclaimer: This news brief was created using generative artificial intelligence. 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.