Friday, January 30, 2015

Chevron Q4 Tops, Joins Peers In Slashing '15 Spending



Investors.com http://ift.tt/1yeBREm Chevron (CVX) followed other oil majors in reporting a drop in 2015 capital spending on Friday as oil prices continue to fall. The oil giant announced a capital spending budget of $35 billion for this year, down 13% from 2014. "We enter 2015 with the financial strength to meet the challenges of a volatile crude price environment and with significant efforts underway to manage to a lower cost structure and capital spend rate," said CEO John Watson


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