Key Takeaways CVX expects a $12.5B rise in free cash flow by 2026 from upstream growth and a leaner operating model.Major drivers include Tengiz ramp-up, Permian output topping 1M boe/d, and the Hess integration.CVX limits capex to$18-21B annually through 2030 to maintain cash flow resilience at low oil prices.Chevron Corporation’s ((CVX) projected free cash flow expansion of roughly $12.5 billion by 2026 is tied to a coordinated ramp of major upstream assets and a streamlined organizational model. The com ...