Chevron is bleeding, announces massive layoffs
Low oil prices are hurting US-based oil giant Chevron, which sees a massive drop in revenue in its third quarter. Although the results were not quite as bad as expected, thousands of workers are set to be out of a job, the company’s interim report reveals.
BY RITZAU FINANS
Low oil prices are hurting US-based oil giant Chevron, which sees a massive drop in revenue in its third quarter. Although the results were not quite as bad as expected, thousands of workers are set to be out of jobs, the company's interim report reveals.
Already a subscriber?Log in here
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:
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers
Start a free company trial todayRelated articles:
Shell lost USD 7.4 billion in Q3
For subscribers
Statoil's profit more than halved in Q3
For subscribers
Clarksons Platou: Oil rig deliveries to peak in 2016
For subscribers
.jpg&w=384&q=75)