Chevron Profits Nearly Halved by Low Oil Prices in First-Quarter 2015, Cuts Capex for Year to $35 Billion
SUGAR LAND--May 4, 2015--Researched by Industrial Info Resources (Sugar Land, Texas)--Chevron Corporation (NYSE:CVX) (San Ramon, California) met the same fate in first-quarter 2015 as many other oil giants as it took a serious hit from sharply lower oil prices, which depleted revenue and earnings in the Upstream segment, and nearly halved earnings overall. Industrial Info is tracking roughly $144 billion in active projects involving Chevron.
Within this article: Details on Chevron's quarter and projects, including the addition of an ethylene cracker at a olefins and resins facility in Texas.
