Chevron Announces $1.5B Charges
This is a news story, published by Yahoo Finance, that relates primarily to Chevron news.
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structural cost reductionsReuters
•Chevron to take up to $1.5 billion in fourth-quarter charges
79% Informative
Much of the charges are for job cuts and relocations planned for the next two years .
Chevron did not disclose how many jobs would be lost among its 45,000 workers.
The cost cutting and asset sales come amid a year-long profit slide that required borrowing to cover shareholder payouts.
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