Chevron to Take up to $4 Bln Impairment Hit in Q4

Chevron said on Tuesday it would record an impairment to a portion of its U.S. upstream assets, primarily in California, and take losses related to oil and gas production assets sold in the U.S. Gulf of Mexico. The oil major, in a filing, said it expects to take non-cash, after-tax charges of $3.5 billion-$4 billion in … Read more

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