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

> Retained news record from news:seeking-alpha.

Canonical: https://highsignal.app/data/records/3a70cd7f53285620

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source: [news](https://highsignal.app/data/news) (news:seeking-alpha)  published 2026-09-22 00:35 ingested 2026-09-22 02:54

[original source ↗](https://seekingalpha.com/news/4645217-chevron-plans-to-ramp-up-number-of-wells-it-drills-next-year-e-and-p-executive-tells-ft?utm_source=feed_news_all&utm_medium=referral&feed_item_type=news)

## retained text



```
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.
```



document fetched 2026-09-22 02:54 · canonical https://seekingalpha.com/news/4645217-chevron-plans-to-ramp-up-number-of-wells-it-drills-next-year-e-and-p-executive-tells-ft?feed_item_type=news