Post Tagged with: "cost cutting"

Source: CNBC

Chevron CEO says the dividend is the company’s No. 1 priority and is ‘very secure’

CNBC


Chevron shares surged Tuesday after the company announced cost-cutting measures, but promised not to slash its dividend despite mounting pressure from falling crude prices.

“Our dividend is our number one priority and it’s very secure,” Chevron CEO Michael Wirth …

Oil Company Cost-Cutting Comes Harder for Global Mid-Cap E&Ps in 1H 2017: Douglas Westwood

Oil Company Cost-Cutting Comes Harder for Global Mid-Cap E&Ps in 1H 2017: Douglas Westwood

Brent breakeven price dropped 37%—Brent’s BE at $40 for the first half of 2017, compared to $64 for 2014: study

Douglas Westwood issued a report today in which it analyzed the income statements of 22 mid-cap international E&P oil companies …