Chevron books double-digit billion-dollar impairment
![Photo: Noah Berger/AP/Ritzau Scanpix](https://photos.watchmedier.dk/watchmedier/resize:fill:3840:0:0/plain/https://photos.watchmedier.dk/Images/article11815233.ece/ALTERNATES/schema-16_9/Noah%2520Berger-AP-Ritzau%2520Scanpix20070110-064756-pf-1920x1079we.jpg)
Over the last few years, the US' combined fossil fuel output has surged by a quarter – and Appalachia shale, where Chevron has been active since 2011, has multiplied 20 fold during the last decade. However, the US oil and gas supermajor is struggling with the basics of supply and demand.
Read the whole article
Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
With your free trial you get:
Get full access for you and your coworkers
Start a free company trial todayRelated articles
Oil supermajors approaching large-scale asset sale
For subscribers
Chevron gives up on Anadarko acquisition
For subscribers