Chevron a finalis\u00e9 l'acquisition de Hess, d'une valeur d'environ 53 milliards de dollars, en juillet 2025 apr\u00e8s avoir remport\u00e9 l'arbitrage face \u00e0 ExxonMobil. L'ann\u00e9e 2026 a \u00e9t\u00e9 consacr\u00e9e \u00e0 la validation de sa strat\u00e9gie\u00a0: acqu\u00e9rir des gisements \u00e0 fort potentiel, mener une int\u00e9gration pouss\u00e9e et laisser la discipline financi\u00e8re porter ses fruits. Voici la strat\u00e9gie de Chevron, sa logique et ses implications pour les investisseurs qui vendent des parts de p\u00e9trole \u00e0 une grande compagnie p\u00e9troli\u00e8re.<\/p>\n
Chevron’s 2026 strategy is advantaged assets plus capital discipline. It closed the roughly 53 billion dollar Hess acquisition in July 2025, winning a 30 percent stake in Guyana’s Stabroek Block, which holds more than 11 billion barrels of recoverable oil equivalent, then held 2026 organic capital spending to 18 to 19 billion dollars while targeting 3 to 4 billion dollars of structural cost cuts by year end. In the second quarter of 2026 it earned 12.1 billion dollars and returned 8.4 billion dollars to shareholders, funded by production that rose 674 thousand barrels a day year on year. The lesson for suppliers is blunt, a major that spends about 25 percent less capital per barrel buys on cost per unit of outcome, not on features.<\/p>\n
Chevron spent 2026 executing one idea with unusual clarity, own the lowest cost, longest life barrels in the industry and take the cost of running them steadily down. The pivot point was the acquisition of Hess, which Chevron closed on 18 July 2025 for roughly 53 billion dollars in stock, but only after winning a landmark arbitration against ExxonMobil and CNOOC, who had claimed a right of first refusal over Hess’s crown jewel, a 30 percent interest in Guyana’s Stabroek Block. That block holds more than 11 billion barrels of recoverable oil equivalent, and the ruling handed Chevron a stake in one of the highest margin oil developments on earth.<\/p>\n
The results showed up fast. In the second quarter of 2026 Chevron reported earnings of 12.1 billion dollars, or 6.11 dollars a share, and 22.6 billion dollars of cash flow from operations. Production rose 674 thousand barrels a day year on year, with Guyana contributing about 275 thousand, the Hess-acquired Bakken about 180 thousand, and organic United States onshore growth about 110 thousand. The Permian basin, Chevron’s domestic engine, has now produced above one million barrels a day for five consecutive quarters. This is not growth chased at any price, it is growth that arrives already advantaged on cost.<\/p>\n
The logic is that in a commodity business you cannot control the oil price, so you compete on the two things you can control, the cost of your barrels and the discipline of your capital. Chevron’s answer is to concentrate spending on a short list of advantaged assets, Guyana, the Permian, the Gulf of America and Kazakhstan’s Tengiz expansion, and to hold 2026 organic capital to 18 to 19 billion dollars, the low end of its 18 to 21 billion dollar guidance range. Chief executive Mike Wirth framed it plainly, the 2026 program focuses on the highest-return opportunities while maintaining discipline and improving efficiency, enabling the company to grow cash flow and earnings.<\/p>\n
L'acquisition de Hess s'inscrit dans la m\u00eame logique, \u00e0 plus grande \u00e9chelle. Chevron a d\u00e9j\u00e0 r\u00e9alis\u00e9 1,5 milliard de dollars de synergies, soit 50 % de plus que pr\u00e9vu initialement et six mois d'avance sur le calendrier. L'entreprise d\u00e9ploie par ailleurs un vaste programme de r\u00e9duction des co\u00fbts structurels visant \u00e0 g\u00e9n\u00e9rer 3 \u00e0 4 milliards de dollars d'\u00e9conomies annuelles d'ici fin 2026, dont plus de 70 % proviendront de gains d'efficacit\u00e9 durables plut\u00f4t que de r\u00e9ductions ponctuelles. Le volet le plus d\u00e9licat de ce programme concerne les ressources humaines\u00a0: Chevron r\u00e9duit ses effectifs de 15 \u00e0 20 %, soit jusqu'\u00e0 8\u00a0000 postes. En contrepartie, l'entreprise promet aux actionnaires une meilleure pr\u00e9visibilit\u00e9, gr\u00e2ce \u00e0 un plan pr\u00e9sent\u00e9 lors de sa journ\u00e9e investisseurs fin 2025\u00a0: le rachat d'actions pour un montant de 10 \u00e0 20 milliards de dollars chaque ann\u00e9e jusqu'en 2030, en supposant un prix moyen du Brent compris entre 60 et 80 dollars le baril.<\/p>\n
For suppliers, marketers and business developers selling into Chevron, the strategy is not abstract, it sets the terms of every conversation. When a major tells investors it will spend about 25 percent less capital per barrel and cut 3 to 4 billion dollars of structural cost, that discipline flows straight into procurement. Vendors are no longer evaluated on features or relationships, they are evaluated on cost per unit of outcome and on whether they make the operator’s own efficiency numbers move. A post-merger integration of Hess also means supplier consolidation and standardization, fewer contracts, larger and more scrutinized. The commercial lesson mirrors what Project 54 has documented at ExxonMobil<\/a>, Occidental<\/a> et ConocoPhillips<\/a>, the winning suppliers are the ones who can prove a durable contribution to cost and cycle time, in the buyer’s language, not their own.<\/p>\n Les perspectives d'avenir, pr\u00e9sent\u00e9es par Chevron comme une perspective plut\u00f4t qu'une certitude, sont celles d'une croissance exponentielle de ce portefeuille. Le Guyana devrait maintenir une forte croissance de sa production p\u00e9troli\u00e8re \u00e0 marge \u00e9lev\u00e9e jusqu'en 2030, le bassin permien continue d'am\u00e9liorer son efficacit\u00e9 d'investissement \u00e0 partir d'une production d'un million de barils par jour, et le gisement de Tengiz, au Kazakhstan, contribue \u00e0 la croissance des volumes sur un long plateau. Si le Brent se maintient dans la fourchette de 60 \u00e0 80 dollars pr\u00e9vue par les mod\u00e8les de l'entreprise, les calculs indiquent une hausse du flux de tr\u00e9sorerie disponible et le versement des rachats d'actions annuels promis, d'un montant de 10 \u00e0 20 milliards de dollars. Ce m\u00e9canisme est con\u00e7u pour r\u00e9mun\u00e9rer les actionnaires tout au long du cycle \u00e9conomique, et non seulement lors des phases les plus fastes.<\/p>\n L'\u00e9l\u00e9ment secondaire int\u00e9ressant est la production d'\u00e9lectricit\u00e9. Chevron construit des centrales \u00e0 gaz destin\u00e9es aux centres de donn\u00e9es et \u00e0 la demande en intelligence artificielle, positionnant ainsi ses ressources directement face \u00e0 la demande croissante du syst\u00e8me \u00e9nerg\u00e9tique, tout en maintenant une empreinte carbone plus faible gr\u00e2ce \u00e0 la capture du carbone et aux options hydrog\u00e8ne. Ce m\u00eame sch\u00e9ma se retrouve chez les grandes compagnies p\u00e9troli\u00e8res : les producteurs les plus performants financent la transition, et la rigueur budg\u00e9taire d\u00e9termine quelles options seront viables. Pour quiconque \u00e9labore une strat\u00e9gie commerciale autour de ces acheteurs, la le\u00e7on est claire : les grandes compagnies qui domineront les ann\u00e9es 2030 misent d\u00e8s maintenant sur la r\u00e9duction des co\u00fbts et la concentration des efforts, et elles attendent la m\u00eame chose de leurs partenaires.<\/p>\n Chevron acquired Hess in an all-stock deal valued at roughly 53 billion dollars when announced, and closed it on 18 July 2025. The close followed a favourable arbitration ruling against ExxonMobil and CNOOC, who had claimed a right of first refusal over Hess’s 30 percent stake in Guyana’s Stabroek Block.<\/p>\n Guyana’s Stabroek Block holds more than 11 billion barrels of recoverable oil equivalent and is among the lowest-cost, highest-margin oil developments in the world. Chevron’s 30 percent interest, won through the Hess deal, added about 275 thousand barrels a day in the second quarter of 2026 and is expected to extend high-margin growth into the 2030s.<\/p>\n Chevron pr\u00e9voit des investissements organiques de 18 \u00e0 19 milliards de dollars pour 2026, soit le bas de sa fourchette de 18 \u00e0 21 milliards de dollars. Les investissements dans le bassin permien restent inf\u00e9rieurs \u00e0 3,5 milliards de dollars, ce qui t\u00e9moigne d'une efficacit\u00e9 accrue d'environ 25 %, s'inscrivant dans une d\u00e9marche plus globale visant \u00e0 r\u00e9duire d'environ 25 % les investissements par baril par rapport \u00e0 l'ann\u00e9e pr\u00e9c\u00e9dente.<\/p>\n Chevron vise des r\u00e9ductions de co\u00fbts structurels de 3 \u00e0 4 milliards de dollars d'ici fin 2026, apr\u00e8s avoir d\u00e9j\u00e0 r\u00e9alis\u00e9 pr\u00e8s de 3 milliards de dollars d'\u00e9conomies r\u00e9currentes, dont plus de 70 % gr\u00e2ce \u00e0 des gains d'efficacit\u00e9 durables. Ce programme pr\u00e9voit une r\u00e9duction des effectifs de 15 \u00e0 20 %, soit jusqu'\u00e0 8\u00a0000 postes, suite \u00e0 l'int\u00e9gration de Hess.<\/p>\n A major spending about 25 percent less capital per barrel buys on cost per unit of outcome, not on features. Suppliers should expect fewer, larger, more scrutinized contracts, a consolidated vendor base after the Hess integration, and evaluation against Chevron’s own efficiency and cycle-time targets rather than product specifications.<\/p>","protected":false},"excerpt":{"rendered":" Chevron a finalis\u00e9 l'acquisition de Hess, d'une valeur d'environ 53 milliards de dollars, en juillet 2025 apr\u00e8s avoir remport\u00e9 l'arbitrage face \u00e0 ExxonMobil. L'ann\u00e9e 2026 a \u00e9t\u00e9 consacr\u00e9e \u00e0 la validation de sa strat\u00e9gie\u00a0: acqu\u00e9rir des gisements \u00e0 fort potentiel, mener une int\u00e9gration pouss\u00e9e et laisser la discipline financi\u00e8re porter ses fruits. Voici la strat\u00e9gie de Chevron, sa logique et ses implications pour les investisseurs qui vendent des parts de p\u00e9trole \u00e0 une grande compagnie p\u00e9troli\u00e8re.<\/p>","protected":false},"author":12,"featured_media":0,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"p54_article_data":"{\"meta\":{\"kicker\":\"Insight \u00b7 Industry Leader\",\"topics\":[\"Strategy\",\"Energy\"],\"title\":\"Chevron in 2026: The Advantaged Portfolio That Won Guyana and Took Out the Cost\",\"dek\":\"Chevron closed its roughly 53 billion dollar Hess acquisition in July 2025 after beating ExxonMobil in arbitration, then spent 2026 proving the thesis, buy advantaged barrels, integrate hard, and let capital discipline compound. Here is what Chevron is doing, the logic behind it, and what it means for anyone selling into a major.\",\"date\":\"21\/08\/2026\",\"readTime\":\"12 min read\",\"author\":\"Project 54, Research & Strategy\"},\"quickAnswer\":{\"q\":\"What is Chevron's 2026 strategy, and why does it matter?\",\"a\":\"Chevron's 2026 strategy is advantaged assets plus capital discipline. It closed the roughly 53 billion dollar Hess acquisition in July 2025, winning a 30 percent stake in Guyana's Stabroek Block, which holds more than 11 billion barrels of recoverable oil equivalent, then held 2026 organic capital spending to 18 to 19 billion dollars while targeting 3 to 4 billion dollars of structural cost cuts by year end. In the second quarter of 2026 it earned 12.1 billion dollars and returned 8.4 billion dollars to shareholders, funded by production that rose 674 thousand barrels a day year on year. The lesson for suppliers is blunt, a major that spends about 25 percent less capital per barrel buys on cost per unit of outcome, not on features.\"},\"takeaways\":[\"Chevron closed the roughly 53 billion dollar Hess acquisition on 18 July 2025 after winning arbitration against ExxonMobil and CNOOC over a right of first refusal in Guyana's Stabroek Block.\",\"Guyana added about 275 thousand barrels a day and the Bakken about 180 thousand in the second quarter of 2026, helping lift production 674 thousand barrels a day year on year.\",\"Chevron captured 1.5 billion dollars of Hess synergies, 50 percent above target and six months early, on the way to 3 to 4 billion dollars of structural cost cuts by end 2026.\",\"2026 organic capital spending is guided to 18 to 19 billion dollars, the low end of the range, with Permian capital below 3.5 billion dollars and about 25 percent better capital efficiency.\",\"The cost program includes cutting 15 to 20 percent of the workforce, up to 8,000 roles, and underwrites 10 to 20 billion dollars of annual buybacks through 2030 at 60 to 80 dollar Brent.\"],\"sections\":[{\"id\":\"what\",\"q\":\"What exactly is Chevron doing in 2026?\",\"h\":\"Buy advantaged barrels, then engineer the cost out\",\"p\":[\"Chevron spent 2026 executing one idea with unusual clarity, own the lowest cost, longest life barrels in the industry and take the cost of running them steadily down. The pivot point was the acquisition of Hess, which Chevron closed on 18 July 2025 for roughly 53 billion dollars in stock, but only after winning a landmark arbitration against ExxonMobil and CNOOC, who had claimed a right of first refusal over Hess's crown jewel, a 30 percent interest in Guyana's Stabroek Block. That block holds more than 11 billion barrels of recoverable oil equivalent, and the ruling handed Chevron a stake in one of the highest margin oil developments on earth.\",\"The results showed up fast. In the second quarter of 2026 Chevron reported earnings of 12.1 billion dollars, or 6.11 dollars a share, and 22.6 billion dollars of cash flow from operations. Production rose 674 thousand barrels a day year on year, with Guyana contributing about 275 thousand, the Hess-acquired Bakken about 180 thousand, and organic United States onshore growth about 110 thousand. The Permian basin, Chevron's domestic engine, has now produced above one million barrels a day for five consecutive quarters. This is not growth chased at any price, it is growth that arrives already advantaged on cost.\"],\"pillars\":[{\"n\":\"01\",\"t\":\"Guyana, the crown jewel\",\"d\":\"A 30 percent stake in the Stabroek Block, more than 11 billion barrels recoverable, won through arbitration and expected to extend high-margin oil growth into the 2030s.\"},{\"n\":\"02\",\"t\":\"The Permian machine\",\"d\":\"Above one million barrels a day for five straight quarters, with 2026 Permian capital held below 3.5 billion dollars and about 25 percent better capital efficiency.\"},{\"n\":\"03\",\"t\":\"Cost out, cash back\",\"d\":\"3 billion dollars of run-rate structural savings already banked, targeting 3 to 4 billion by end 2026, funding 8.4 billion dollars of shareholder returns in the second quarter alone.\"}]},{\"id\":\"why\",\"q\":\"Why this strategy, and why now?\",\"h\":\"Capital discipline is the strategy, not a slogan\",\"p\":[\"The logic is that in a commodity business you cannot control the oil price, so you compete on the two things you can control, the cost of your barrels and the discipline of your capital. Chevron's answer is to concentrate spending on a short list of advantaged assets, Guyana, the Permian, the Gulf of America and Kazakhstan's Tengiz expansion, and to hold 2026 organic capital to 18 to 19 billion dollars, the low end of its 18 to 21 billion dollar guidance range. Chief executive Mike Wirth framed it plainly, the 2026 program focuses on the highest-return opportunities while maintaining discipline and improving efficiency, enabling the company to grow cash flow and earnings.\",\"The Hess deal is the same logic at scale. Chevron has already captured 1.5 billion dollars of synergies, 50 percent more than it first targeted and six months ahead of schedule, and is pushing a wider structural cost program toward 3 to 4 billion dollars of annual savings by the end of 2026, more than 70 percent of it from durable efficiency gains rather than one-off cuts. The uncomfortable half of that program is people, Chevron is reducing its workforce by 15 to 20 percent, up to 8,000 roles. The reward it promises owners is predictability, a plan set out at its late 2025 investor day to buy back 10 to 20 billion dollars of stock every year through 2030, assuming Brent averages between 60 and 80 dollars a barrel.\"]},{\"id\":\"implications\",\"q\":\"What does it mean today, especially if you sell to a major?\",\"h\":\"A 25 percent cheaper barrel rewires how Chevron buys\",\"p\":[\"For suppliers, marketers and business developers selling into Chevron, the strategy is not abstract, it sets the terms of every conversation. When a major tells investors it will spend about 25 percent less capital per barrel and cut 3 to 4 billion dollars of structural cost, that discipline flows straight into procurement. Vendors are no longer evaluated on features or relationships, they are evaluated on cost per unit of outcome and on whether they make the operator's own efficiency numbers move. A post-merger integration of Hess also means supplier consolidation and standardization, fewer contracts, larger and more scrutinized. The commercial lesson mirrors what Project 54 has documented at ExxonMobil<\/a>, Occidental<\/a> and ConocoPhillips<\/a>, the winning suppliers are the ones who can prove a durable contribution to cost and cycle time, in the buyer's language, not their own.\"],\"table\":{\"cols\":[\"What changed at Chevron\",\"What it means for a supplier or marketer\"],\"rows\":[[\"About 25 percent less capital per barrel\",\"Lead with cost per unit of outcome and payback, not feature lists\"],[\"3 to 4 billion dollars structural cost program\",\"Quantify the efficiency or cycle-time gain you deliver, tie it to their targets\"],[\"Hess integration and consolidation\",\"Expect fewer, larger, more scrutinized contracts and a standardized vendor base\"],[\"Advantaged-asset focus (Guyana, Permian)\",\"Position where the capital is going, deepwater and short-cycle shale, not everywhere\"],[\"10 to 20 billion dollar annual buybacks\",\"Capital returns are protected, so spend must defend itself against a share buyback\"]]}},{\"id\":\"future\",\"q\":\"Where does this lead?\",\"h\":\"Guyana and the Permian carry Chevron into the 2030s\",\"p\":[\"The forward view, and Chevron presents it as a view rather than a certainty, is that this portfolio compounds. Guyana is expected to extend high-margin oil growth into the 2030s, the Permian keeps improving capital efficiency off a one million barrel a day base, and Tengiz in Kazakhstan adds long-plateau volumes. If Brent holds in the 60 to 80 dollar band the company has modelled, the math points to rising free cash flow and the promised 10 to 20 billion dollars of yearly buybacks, a machine designed to pay owners through the cycle rather than only at its peak.\",\"The interesting second-order move is power. Chevron is building gas-fired generation aimed at data centres and artificial-intelligence demand, positioning its molecules directly against the fastest-growing load in the energy system while maintaining a lower-carbon story through carbon capture and hydrogen options. It is the same pattern visible across the majors Project 54 tracks, the advantaged barrel funds the transition option, and capital discipline decides which options survive. For anyone building a commercial strategy around these buyers, the takeaway is durable, the majors that win the 2030s are engineering cost and focus now, and they expect their partners to do the same.\"]}],\"media\":{\"image\":{\"src\":\"\/wp-content\/uploads\/2026\/03\/9.jpg\",\"label\":\"An offshore oil production platform at sea, the kind of advantaged, low-cost barrel Chevron is concentrating its capital on.\",\"credit\":\"Project 54\"},\"infographicLabel\":\"Roughly 53 billion dollar Hess deal, Guyana added 275 thousand barrels a day, 8.4 billion dollars returned in Q2 2026, capex held to 18 to 19 billion.\"},\"poll\":{\"q\":\"What is the most important read on Chevron's 2026 strategy?\",\"options\":[{\"id\":\"a\",\"label\":\"It is the best advantaged-asset portfolio in oil\",\"insight\":\"The operator read. A 30 percent stake in Stabroek plus a million-barrel Permian is a set of barrels most rivals cannot match on cost or life.\"},{\"id\":\"b\",\"label\":\"It is a disciplined returns machine for owners\",\"insight\":\"The owner read. Holding capex at the low end while promising 10 to 20 billion dollars of annual buybacks is a clear signal that cash goes to the cheapest barrels and back to shareholders.\"},{\"id\":\"c\",\"label\":\"It is a cost-cutting story with real human cost\",\"insight\":\"The organization read. Three to four billion dollars of structural savings and up to 8,000 job cuts are the price of the efficiency the strategy depends on.\"},{\"id\":\"d\",\"label\":\"It is a quiet bet on gas and AI power demand\",\"insight\":\"The growth read. Gas-fired power for data centres points Chevron's molecules at the fastest-growing load in the system without abandoning capital discipline.\"}],\"note\":\"No tallies, just where you stand. The pattern across the majors is consistent, advantaged assets first, discipline always.\"},\"faq\":[{\"q\":\"How much did Chevron pay for Hess and when did the deal close?\",\"a\":\"Chevron acquired Hess in an all-stock deal valued at roughly 53 billion dollars when announced, and closed it on 18 July 2025. The close followed a favourable arbitration ruling against ExxonMobil and CNOOC, who had claimed a right of first refusal over Hess's 30 percent stake in Guyana's Stabroek Block.\"},{\"q\":\"Why is Guyana so important to Chevron?\",\"a\":\"Guyana's Stabroek Block holds more than 11 billion barrels of recoverable oil equivalent and is among the lowest-cost, highest-margin oil developments in the world. Chevron's 30 percent interest, won through the Hess deal, added about 275 thousand barrels a day in the second quarter of 2026 and is expected to extend high-margin growth into the 2030s.\"},{\"q\":\"What is Chevron's 2026 capital budget?\",\"a\":\"Chevron guided 2026 organic capital spending to 18 to 19 billion dollars, the low end of its 18 to 21 billion dollar range. Permian capital is held below 3.5 billion dollars, reflecting about 25 percent better capital efficiency, part of a wider push to spend roughly 25 percent less capital per barrel than the prior year.\"},{\"q\":\"How large are Chevron's cost cuts and job reductions?\",\"a\":\"Chevron is targeting 3 to 4 billion dollars of structural cost reductions by the end of 2026, having already banked about 3 billion dollars of run-rate savings, more than 70 percent from durable efficiency gains. The program includes reducing the workforce by 15 to 20 percent, up to 8,000 roles, following the Hess integration.\"},{\"q\":\"What does Chevron's strategy mean for its suppliers?\",\"a\":\"A major spending about 25 percent less capital per barrel buys on cost per unit of outcome, not on features. Suppliers should expect fewer, larger, more scrutinized contracts, a consolidated vendor base after the Hess integration, and evaluation against Chevron's own efficiency and cycle-time targets rather than product specifications.\"}],\"newsletter\":{\"copy\":\"Weekly analysis for energy marketers and sellers. No fluff, just what moves pipeline.\",\"cta\":\"Subscribe\",\"eyebrow\":\"P54 Energy Growth Brief\",\"title\":\"Energy B2B, engineered not assumed\"},\"related\":[{\"title\":\"ExxonMobil's Advantaged-Assets Strategy: Fewer, Bigger, Cheaper Barrels\",\"topic\":\"Strategy\",\"href\":\"https:\/\/projectfifty4.com\/exxonmobil-advantaged-assets-strategy\/\"},{\"title\":\"Occidental's Two Bets: Permian Oil and the World's Largest Carbon Business\",\"topic\":\"Strategy\",\"href\":\"https:\/\/projectfifty4.com\/occidental-two-bets-permian-oil-carbon-management\/\"},{\"title\":\"ConocoPhillips in 2026: The Disciplined Pure-Play That Bought Scale\",\"topic\":\"Strategy\",\"href\":\"https:\/\/projectfifty4.com\/conocophillips-pure-play-e-p-strategy-2026\/\"},{\"title\":\"BP's Strategic Reset: What It Means for Suppliers and Vendors\",\"topic\":\"Supplier Strategy\",\"href\":\"https:\/\/projectfifty4.com\/bp-strategic-reset-suppliers-vendors\/\"}]}","p54_faq":"","p54_media":"","p54_comments_enabled":"","footnotes":""},"categories":[92,125],"tags":[],"class_list":["post-4128","post","type-post","status-publish","format-standard","hentry","category-analysis","category-strategy"],"acf":[],"_links":{"self":[{"href":"https:\/\/projectfifty4.com\/fr\/wp-json\/wp\/v2\/posts\/4128","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/projectfifty4.com\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/projectfifty4.com\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/projectfifty4.com\/fr\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/projectfifty4.com\/fr\/wp-json\/wp\/v2\/comments?post=4128"}],"version-history":[{"count":0,"href":"https:\/\/projectfifty4.com\/fr\/wp-json\/wp\/v2\/posts\/4128\/revisions"}],"wp:attachment":[{"href":"https:\/\/projectfifty4.com\/fr\/wp-json\/wp\/v2\/media?parent=4128"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/projectfifty4.com\/fr\/wp-json\/wp\/v2\/categories?post=4128"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/projectfifty4.com\/fr\/wp-json\/wp\/v2\/tags?post=4128"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Le Guyana et le Permien assurent la p\u00e9rennit\u00e9 de Chevron jusqu'aux ann\u00e9es 2030.<\/h2>\n
Key questions<\/h2>\n
Combien Chevron a-t-il pay\u00e9 pour Hess et quand la transaction a-t-elle \u00e9t\u00e9 conclue\u00a0?<\/h3>\n
Pourquoi le Guyana est-il si important pour Chevron ?<\/h3>\n
What is Chevron’s 2026 capital budget?<\/h3>\n
How large are Chevron’s cost cuts and job reductions?<\/h3>\n
What does Chevron’s strategy mean for its suppliers?<\/h3>\n