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| UPDATE 6-Chevron opts to keep massive 0cm budget in bid to boost output | | | By Ernest Scheyder Jan 31 - Chevron Corp plans to keep spending roughly $40 billion per year for the next several years on new oil and natural gas projects in a bid to lift production that is on track to be flat for the third straight year. That stay-the-course approach, announced on Friday after the second-largest U.S. oil company said its quarterly profit dropped 32 percent, spooked investors and prompted the stock to fall 3.5 percent, the most of any large energy producer th |
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