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Chevron targets over 10% annual growth in adjusted free cash flow through 2030

US-based oil and gas company Chevron forecasts more than 10% growth in its annual adjusted free cash flow and annual earnings per share through 2030, assuming Brent crude prices of 70perbarrel(bbl).Thecompanyreduceditscapitalexpenditure(capex)guidancerangeto70 per barrel (bbl). The company reduced its capital expenditure (capex) guidance range to 18bn–21bn per year. Chevron aims to maintain capital and cost discipline, while investing to extend cash flow growth into the next decade. It plans to keep its capex and dividend breakeven below $50/bbl of Brent crude through 2030. Ac ...