UPDATE: Chevron '10 Capex To Focus On Exploration, Production
Nasdaq - Thu Dec 10, 11:17 am ET(Adds analyst comments and background throughout.) HOUSTON -(Dow Jones)- Chevron Corp. (CVX) said Thursday its 2010 capital budget will be $21.6 billion, 5% lower than its 2009 budget, as it focuses on exploration and development of oil and natural gas at the expense of refining.




