Chevron's Spending Shift: Should You Buy the Stock for 2025?

Chevron Corporation (CVX) is making strategic moves to balance its growth aspirations and shareholder returns. Recently, the company announced a $2 billion reduction in its 2025 capital spending, including a notable decrease in investments in the Permian Basin, its most productive asset. Chevron plans to allocate$4.5 billion to $5 billion to the Permian, down from the 2024 levels, shifting its focus from aggressive production growth to maximizing free cash flow. This strategic pivot is reflective of the in ...