Chevron makes deep cut in next year's investments
The US-based oil major, which this fall announced large-scale layoffs, is now making big cuts to investment budget for next year.
BY KATRINE GRØNVALD RAUN
Chevron has published its investment program for 2016 with a significantly reduced budget. The oil major expects to use around USD 26.6 billion next year, which corresponds to a 24 percent cutback compared to the projected level for 2015, says Chevron in a statement.
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