Chevron to boost ’08 spending 15%
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From Times Wire Services
Chevron Corp. said it would raise capital spending 15% next year to $22.9 billion, making its most costly push ever to lift output after crude prices climbed near $100 a barrel.
The spending plan includes an estimated $17.5 billion for oil and natural gas production and $4.1 billion for refining, San Ramon, Calif.-based Chevron said.
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