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Chevron cutting up to 7,000 jobs; profit falls to $2 billion

2015-10-31 08:57:46| Energy - Topix.net

Chevron Corp. is cutting up to 7,000 jobs, or 11 percent of its work force, as it deals with lower oil prices that are cutting deeply into profit. The company said Friday that it would cut capital and exploratory spending next year by one-fourth, with further cuts in 2017 and 2018 depending on the oil industry's condition then.

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