Factbox - Global oil, gas producers slash spending after price rout [Reuters]
Chevron Corporation (CVX)
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Source: Reuters
Factbox - Global oil, gas producers slash spending after price rout (Reuters) - Oil and gas companies around the world are planning to slash spending in the face of a plunge in oil prices caused by the spread of the coronavirus and a push by Saudi Arabia and Russia to flood the market with supply. Below are plans announced by energy companies (in alphabetical order): BPBP ( BP.L ) said it planned to reduce capital and operational spending. BP’s capital spending last year reached around $15 billion. Chevron Corp ( CVX.N ) said it was looking at ways to trim spending that could lead to lower near-term oil production. The company, however, did not provide details. The oil major’s 2020 organic capex guidance was $20 billion. North American oil and gas producers have slashed their capital spending by about 30% on average, according to data compiled by Reuters. Equinor ( EQNR.OL ) is reviewing its capital and exploration spending plans, it said. The second tranche of its share buyback
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- 4/17/24 - Form PX14A6G
- 4/12/24 - Form S-4/A
- 4/10/24 - Form ARS
- CVX's page on the SEC website