Chevron (CVX 1.33%) lately launched its preliminary capital designs for 2024. The oil big expects to improve its cash paying by about 11% next calendar year. It can be focusing on investing in initiatives that will provide substantial returns and sturdy dollars movement. That would give it much more funds to return to shareholders through dividends and inventory buybacks. Here’s a look at Chevron’s strategies for the forthcoming year.
An acquisition-pushed expending raise
Chevron options to invest involving $15.5 billion and $16.5 billion into organic cash initiatives next yr. In addition, it sees capital investing at its joint ventures