The third-quarter results reported Friday fell less than expected by investors and were aided by a 15 percent cut in capital spending.
Despite the drop in oil prices, Chevron’s CEO John Watson has said he would stick to plans to increase production by 20 percent by the end of 2017. Even with the current downturn, Watson said Chevron would continue paying dividends to its investors.
http://www.ibtimes.com/oil-giant-chevron-announces-big-job-cuts-amid-slump-global-prices-2163058
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