Current CVX Stock Info

Dozens, even hundreds of E&Ps and service providers in the oil and gas industry have recently announced intentions to dial back expenditures in 2015. Supermajors like Shell (NYSE: RDSB) and ExxonMobil (NYSE: XOM), on the other hand, both pledged to reduce expenditures in analyst days in the spring of this year, when WTI  and Brent prices were resting comfortably in the $90 to $105 range.

The shift in the oil market will obviously not change the course of direction for any supermajor energy companies. Rather, the focus will just have to b...

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