Global oil, gas producers cut spending after crude price crash [Reuters]
Chevron Corporation (CVX)
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Source: Reuters
Global oil, gas producers cut spending after crude price crash (Reuters) - Oil and gas companies are cutting spending plans in response to the new coronavirus and a push by Saudi Arabia and Russia to ramp up output. International benchmark prices LCOc1 have more than halved since the start of the year, falling to around $30 a barrel. North American oil and gas producers have cut capital spending by about 30% on average, data compiled by Reuters showed. Below are plans announced by top energy companies (in alphabetical order): BPBP Plc ( BP.L ) said it planned to reduce capital and operational spending, which was about $15 billion last year. Chevron Corp ( CVX.N ) said it aimed to trim spending and lower oil output in the near ter
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News
- Oil prices muted as slowdown worries offset China data, Middle East risks [CNBC]CNBC
- Oil prices muted as slowdown worries offset China data, Mideast risks [Yahoo! Finance Canada]Yahoo! Finance Canada
- Chevron (CVX) Laps the Stock Market: Here's Why [Yahoo! Finance]Yahoo! Finance
- Calumet Announces Intention to Nominate Julio Quintana and Karen Narwold to Board of Directors; and Wasserstein Debt Opportunities Expresses Support [Yahoo! Finance]Yahoo! Finance
- Venezuela's PDVSA to produce, refine and export crude previously handled by Chevron, document says [Yahoo! Finance]Yahoo! Finance
CVX
Earnings
- 1/31/25 - Miss
CVX
Sec Filings
- 3/17/25 - Form 8-K
- 3/5/25 - Form 4
- 3/5/25 - Form 4
- CVX's page on the SEC website