Home Chevron posts unexpected loss of $588 million in fourth quarter, warns of job cuts
 

Keywords :   


Chevron posts unexpected loss of $588 million in fourth quarter, warns of job cuts

2016-01-29 17:10:01| Oil & Gas - Topix.net

Chevron lost $588 million in the fourth quarter of 2015, a setback that was unleashed by a slide in oil prices, leading Chevron to warn that a fresh round of expense reductions, including job cuts, would be in the offing for 2016, the company reported Friday. "Our 2015 earnings were down significantly from the previous year, reflecting a nearly 50 percent year-on-year decline in crude oil prices," said George Watson, Chevron's chief executive officer, in a prepared release.

Tags: posts job million loss

Category:Energy and Environment

Latest from this category

All news

06.11Virginia Court Weighs in on Refuse Truck Drivers Liability for Ignoring Stop Sign
06.11Berry Finalizes Spin-Off and Merger of Health, Hygiene, and Specialties Division
06.11A Glance at Three Award-Winning Reuse Innovations
06.11Viridor Preparing to Close 317 Million Recycling Facility After Two Years of Operations
06.11Hopkinson Waste Management Acquires Sheffield, England-based Sheaf Skips
06.11'Turmoil' in the OSDU Forum
06.11ChatGPT as research assistant
06.11OSDU - why no data egress?
Energy and Environment »
07.11Ralco acquires Sow Magic
07.11H5N1 pigs likely became infected from contact with migratory birds
07.11BioMADE Announces $26.9 Million Invested in 17 Projects
07.11Hurricane Rafael Graphics
07.11Hurricane Rafael Public Advisory Number 15A
07.11Summary for Hurricane Rafael (AT3/AL182024)
07.11Atlantic Tropical Weather Outlook
07.11Eastern North Pacific Tropical Weather Outlook
More »