Chevron Cuts Jobs

By Option Wizard
March 09, 2010 12:34 PM

Symbols: CVX

Posted in: News

Chevron (NYSE: CVX) announced today that it will be cutting 2,000 jobs this year, citing difficult conditions for the oil refining market. Cuts will continue into 2011 as well as reduced capital spending and efficiency improvements.

Chevron will concentrate its Refining business in North America and Asia and will shift its portfolio towards natural gas.

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Chevron Cuts Jobs

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