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Stockreport

Global oil, gas producers cut spending after crude price crash [Reuters]

Chevron Corporation (CVX)  More Company Research Source: Reuters
Last chevron corporation earnings: 5/1 06:45 am Check Earnings Report
US:NYSE Investor Relations: chevron.com/investors
Global oil, gas producers cut spending after crude price crash (Reuters) - Oil and gas companies are cutting spending plans in response to the new coronavirus and a push by Saudi Arabia and Russia to ramp up output. International benchmark prices LCOc1 have more than halved since the start of the year, falling to around $30 a barrel. North American oil and gas producers have cut capital spending by about 30% on average, data compiled by Reuters showed. Below are plans announced by top energy companies (in alphabetical order): BPBP Plc ( BP.L ) said it planned to reduce capital and operational spending, which was about $15 billion last year. Chevron Corp ( CVX.N ) said it aimed to trim spending and lower oil output in the near term. The oil major’s 2020 organic capital expenditure guidance had been $20 billion. Norway’s DNO ( DNO.OL ), which operates in Iraq’s Kurdistan region, said it would cut its 2020 budget by 30% or $300 million and lower its dividend for the first half of t [Read more]
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Stockreport

Global oil, gas producers cut spending after crude price crash [Reuters]

Chevron Corporation  (CVX) 
More Company Research Source: Reuters
Last chevron corporation earnings: 5/1 06:45 am Check Earnings Report
US:NYSE Investor Relations: chevron.com/investors
Global oil, gas producers cut spending after crude price crash (Reuters) - Oil and gas companies are cutting spending plans in response to the new coronavirus and a push by Saudi Arabia and Russia to ramp up output. International benchmark prices LCOc1 have more than halved since the start of the year, falling to around $30 a barrel. North American oil and gas producers have cut capital spending by about 30% on average, data compiled by Reuters showed. Below are plans announced by top energy companies (in alphabetical order): BPBP Plc ( BP.L ) said it planned to reduce capital and operational spending, which was about $15 billion last year. Chevron Corp ( CVX.N ) said it aimed to trim spending and lower oil output in the near term. The oil major’s 2020 organic capital expenditure guidance had been $20 billion. Norway’s DNO ( DNO.OL ), which operates in Iraq’s Kurdistan region, said it would cut its 2020 budget by 30% or $300 million and lower its dividend for the first half of t [Read more]
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CVX
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Price Change %
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Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
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High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
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%
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%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS