Chevron (CVX) plans to invest $36.7B to increase its oil and gas production this year, but only...

|About: Chevron Corporation (CVX)|By:, SA News Editor

Chevron (CVX) plans to invest $36.7B to increase its oil and gas production this year, but only ~25% will be spent in the U.S., CEO John Watson tells CNBC. Increasing the proportion of money CVX puts into the U.S. will depend on more acreage being made available for exploration, easier permitting and more prudent environmental regulations. (earlier)