Chevron Corporation at the weekend announced a $35 billion capital and exploratory investment programme for 2015, representing 13 per cent drop from the capital and exploratory budget for 2014, apparently due to the plummeting price of crude oil.
The announcement came simultaneously with the release of the company’s fourth quarter financial results, which also showed a drop in its net income to $3.5 billion from $4.9 billion earned in the fourth quarter of 2013.
No comments:
Post a Comment