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semi_infinite

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semi_infinite

Re: DewDiligence post# 26802

Friday, 10/28/2022 2:00:17 PM

Friday, October 28, 2022 2:00:17 PM

Post# of 30504
CVX - At first glance I was suspicious of the downstream OPEX of half a $B - since there hasn't been much going on since Richmond upgrade several yrs ago. It is. The Pasadena refinery will be expanded to 125K bbls a day to accommodate Permian basin production. When it was bought from PBR in 2019, there was plans to sunset and convert that to something else. It's a little grey about how much of that is CapEx vs Opex.

https://www.chevron.com/newsroom/2022/q3/light-tight-oil-project-pasadenas-vote-of-confidence
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