The Rising Influence of Rising Affluence

[DewDiligence]

CVX 2022 capex_budget=$15B—at the low end of the prior guidance of $15-17B (and much below annual pre-pandemic spending of >=$20B):

https://finance.yahoo.com/news/chevron-announces-15-billion-capital-220000782.html

CVX also raised its guidance for annual share buybacks to a range of $3-5B (up from the prior range of $2-3B, but still below pre-pandemic levels).