Chevron Q4 Tops, Joins Peers In Slashing '15 Spending

January 2015
Investors Business Daily;1/30/2015, p00
The article reports that Chevron Corp., an oil industry company, has announced the reduction of its capital spending in 2015 due to the continues fall of oil prices. It states that the company's earnings in the fourth quarter of 2014 fell by 28%, but topped the $1.63 per share. Meanwhile, oil and gas company Royal Dutch Shell has also reduced its capex until 2017 on falling oil prices.


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