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Chevron says results will be ‘depressed’ as long as oil stays low, takes steps to protect dividend

Chevron says results will be ‘depressed’ as long as oil stays low, takes steps to protect dividend

CNBC


Chevron shares dropped on Friday after the company warned that results will remain depressed as long as oil prices stay low, and said it was further cutting its 2020 capital spending plan.

For the first quarter, Chevron reported earnings …