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Chevron wants to reduce investments 2010 at 5%

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The U.S. oil giant Chevron is planning to the coming year, with investment of 21.6 billion USD. This would reduced spending by 5% compared to 2009, divided the Companies on Thursday.

Of the planned investment to 80% in the Development of oil and gas flow. With 16% of would Most of the remaining funds in the marketing activities flow.

The budget of Chevron Corp., San Ramon, had been in for 2009 yet Located 22.8 billion USD. These investment plans were too Periods of significantly higher oil price has been established with The interim prices are the oil companies become more cautious and hold together their money.