CHEVRON SETS 1990 SPENDING AT $4.3 BILLION

Chevron Corp. plans a slight increase in worldwide capital and exploratory spending to $4.3 billion in 1990 as it continues to restructure. The budget includes $2.2 billion for exploration and development, unchanged from 1989, and about $1.2 billion for refining and marketing, up about 26% from 1989. Chemical spending will be $380 million, unchanged from last year excluding the 1989 acquisition of Plexco, a polyethylene pipe and products manufacturer. The rest of the budget is for shipping,

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