06:09 AM EST, 11/12/2025 (MT Newswires) -- Chevron ( CVX ) said Wednesday it expects earnings per share annual growth greater than 10% at $70 Brent as the company outlined its five-year plan through 2030.

The company lowered its capital expenditures guidance to between $18 billion and $21 billion per annum and intends to increase oil and gas production by 2% to 3% annually through 2030.

Chevron ( CVX ) also said it expects to repurchase $10 billion to $20 billion in shares annually through 2030 at average prices of $60 to $80 Brent.

The company expects to deliver its first artificial intelligence data center power project in West Texas, aiming for first power in 2027, it said.