Oil prices “reflect the real dramatic impact of the slowdown and in fact shutdown of economies around the world.” Chevron CEO Michael Wirth said he thinks demand will “gradually return” as economies reopen going forward.
"Together these actions are consistent with our longstanding financial priorities: to protect the dividend; to prioritize capital that drives long-term value; and to maintain a
strong balance sheet," Wirth said in a statement regarding the capital spending cuts.for exclusive insights and analysis, and live business day programming from around the world.
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