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Chevron Total look to invest big in energy power sectors
2015-02-01 20:43:52| Energy - Topix.net
After witnessing an exodus of foreign companies on grounds of restrictive regulations and policy delays, India is once again back on the radar of leading global firms. US energy giant Chevron Corp, also the world's third-largest oil company, has shown interest to invest in the country's oil and gas sector, top petroleum ministry officials said.
Chevron to stop shale gas drilling in Poland due to bleak prospects
2015-02-01 11:59:57| Oil & Gas - Topix.net
A worker stands near a drilling rig at Grabowiec 6 near the village of Lesniowice, southeast Poland, home to US giant Chevron's first shale gas well in the country. American energy giant Chevron announced it will discontinue its shale gas project in Poland as it no longer makes business sense.
Chevron Tightens Belt as $40 Billion Makeover Sweeps Oil Sector
2015-02-01 00:10:55| Energy - Topix.net
Chevron Corp. halted share buybacks, slowed work on new projects and announced the biggest spending cut in more than a decade as oil explorers around the world curtail ambitions to cope with free-falling oil prices. Chevron lowered its 2015 capital-spending target by 13 percent to $35 billion and halted stock repurchases that absorbed $5 billion in cash last year.
Cheap oil: Chevron slashes investment, share buybacks
2015-01-31 23:26:16| Oil & Gas - Topix.net
Chevron slashed $5 billion from its investment budget and shut down its share buyback program Friday as the crude price plunge continued to savage budgets of oil industry powerhouses. Chevron said it would spend $35 billion on exploration and production projects, 13 percent less than last year, in response to the nearly 60 percent fall of the oil price since the middle of 2014 due to a global glut.
Tags: share
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Chevron 4Q profit and revenue fall as oil price drops
2015-01-31 15:51:45| Energy - Topix.net
Chevron Corp. said Friday its net income and revenue dropped in the fourth-quarter as oil and gas prices slumped, and the company said it plans significant cuts in spending in 2015. Chevron said net income sank 30 percent and revenue declined 18 percent in the fourth quarter, as it earned $3.47 billion, or $1.85 per share, on $46.09 billion in revenue.
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