Chevron is dialing back capital spending in 2026 as it leans into profitability during a stretch of lower oil prices, Bloomberg reports.  The company expects to invest about $18.5 billion next year—the low end of prior guidance and well below the $19 billion–$22 billion range outlined after it s Hess acquisition. Nearly one-third of that will target U.S. shale plays across Texas, New Mexico, Colorado and North Dakota. CEO Mike Wirth says the shift reflects a strategic focus on high-return projects while maintaining dividends and stock buybacks—a move underpinned by a goal to boost free cash flow 14% annually to more than $30 billion by 2030. Chevron is also reducing growth expectations in the Permian, which is expected to plateau near 1 million BOE/day. After major projects like Kazakhstan’s Tengiz wrapped up, Chevron is reallocating growth capital to the U.S. Gulf, eastern Mediterranean and Guyana—signaling a more disciplined era for Big Oil. Read the full story.  Landry and LSU Do you think Gov. Jeff Landry has damaged the LSU brand? Yes No Not sure Δ ...read more read less