# Chevron Raises Exploration Spending By 50%

- Source: OilPrice.com
- Published: 2026-10-31T23:00:00+00:00
- Category: Markets
- Original: https://oilprice.com/Energy/Crude-Oil/Chevron-Raises-Exploration-Spending-By-50.html
- Canonical: https://groundlevelnews.com/story/chevron-raises-exploration-spending-by-50-fc62ca/

After years of focusing on growing exploration and production in the U.S. Gulf of Mexico and the Permian shale basin, U.S. oil and gas supermajor Chevron returns to high-impact frontier exploration as it seeks to renew its portfolio with diverse opportunities globally. Exploration in South America, Africa, and the Eastern Mediterranean is now a key focus of Chevron’s upstream business, which the c

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