Chevron plans to ramp up number of wells it drills next year, E&P executive tells FT

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Chevron is increasing its drilling and exploration spending to turn around disappointing performance in its exploration unit and to achieve greater exposure to new oil and gas prospects.
Key drivers include the need for more exploration exposure, increased investment in seismic data, and an intent to build more diverse businesses across numerous international hotspots.
Chevron aims to improve outcomes by replicating successful E&P strategies implemented by McLachlan at TotalEnergies, including executing a larger, statistically driven exploration program.

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