Chevron Corp. is writing down the value of its assets by more than $10 billion, a concession that in an age of oil and gas overabundance, some will not be profitable anytime soon.
In the largest write-down by an energy producer in years, Chevron said Tuesday that it was cutting the value of a number of properties, notably its U.S. shale holdings in Appalachia, by a combined $10 billion to $11 billion. Chevron is also restructuring its operations to focus on fewer prospects in the face of persistently low natural gas prices,...
Chevron expects a $10 billion write down. equilarinc notes that Chevron CEO Mike Wirth earned $19,411,071 in 2018. $CVX execcomp CorpGov Source:
Not surprised. They want to join the billion dollar corporations who pay ZERO in FEDERAL income taxes!
At a time when US has become nothing more than a giant banana republic has station. Classic. Capitalism destroyed America. That's how history will write this.
Support this, I personally believe US oil companies need to fall back from oil, as well as add electric output pumps at their locations🇺🇸
Chevron cuts the value of its holdings, including shale, by more than $10 billion in the largest energy industry write-down in years.🙃🥱🧐😎🥺
The leftist foks, Fox producers allow on Fox, the hosts are also evolving into liberals. Rush should be on TVa Independent Conservative, it is obnoxious to see & hear the leftist foks, Fox producers allow on Fox, the hosts are also evolving into liberals. Rush should be on TV