Chevron makes deep cuts to confront oil plunge

CHEVRON Corporation outlined measures it would take to confront a decimated oil price and changing market conditions brought about by the coronavirus pandemic.

Chevron makes deep cuts to confront oil plunge Chevron makes deep cuts to confront oil plunge Chevron makes deep cuts to confront oil plunge Chevron makes deep cuts to confront oil plunge Chevron makes deep cuts to confront oil plunge

 

Overnight Chevron told shareholders it would reduce its 2020 capital spending by US$4 billion, or 20%, and suspended its $5 billion annual share repurchase program.

 

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