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.
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