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Chevron, Exxon shrink spending as coronavirus cuts demand

Chevron, Exxon shrink spending as coronavirus cuts demand

By: Jennifer Hiller, Arathy S Nair, Shariq Khan
Source: Reuters
Date of Publication: October 30th, 2020
U.S. oil majors Chevron Corp and Exxon Mobil Corp cut spending aggressively in the third quarter in a race to offset weak trends in fuel demand caused by the COVID-19 pandemic, though the former managed a slim profit.
TAGS:
Profits
Quarterly reports
Spending cuts
What CEOs Say About Employee Burnout and Work-Life Balance

What CEOs Say About Employee Burnout and Work-Life Balance

By: Kathryn Dill
Source: The Wall Street Journal
Date of Publication: October 9th, 2020
Top executives at Facebook, Chevron and Chase weigh in on stress, flexible schedules and parents who are working while home-schooling their children.
TAGS:
Chief Executive Officer (CEO)
Children
Flexibility
Work from home (WFH)
Pandemic Pain Persists for Big Oil Companies - WSJ

Pandemic Pain Persists for Big Oil Companies

By: Christopher M. Matthews and Sarah McFarlane
Source: The Wall Street Journal
Date of Publication: October 1st, 2020
A tepid rebound in fossil fuel demand and longer-term concerns about renewable energy and electric vehicles are driving down company values.
TAGS:
Financial losses
Job cuts
Oil
Chevron picks Noble in biggest U.S. energy deal since oil crash

Chevron picks Noble in biggest U.S. energy deal since oil crash

Source: Reuters
Date of Publication: July 20th, 2020
Chevron Corp (CVX.N) said on Monday it would buy Noble Energy Inc (NBL.O) in a $5 billion all-stock deal, bolstering its shale presence as a plunge in crude prices have made assets cheaper.
TAGS:
Mergers
Oil
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