Chevron impairs California oil, gas production assets due to regulatory challenges
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(Bloomberg) – Chevron Corp. will book fourth-quarter charges of $3.5 billion to $4 billion, citing assets it sold in the Gulf of Mexico and policies in California prompting the company to slash investments in the state. Source: Chevron Chevron said Tuesday in a filing it will impair some of its U.S. oil and gas production assets, mostly in California, because of “continuing regulatory challenges” there. It comes after the company said in December it was cutting refinery investments in the state because of policies aimed at phasing out fossil fuels.
Chevron impairs California oil, gas production assets due to regulatory challenges
Chevron impairs California oil, gas…
Chevron impairs California oil, gas production assets due to regulatory challenges
(Bloomberg) – Chevron Corp. will book fourth-quarter charges of $3.5 billion to $4 billion, citing assets it sold in the Gulf of Mexico and policies in California prompting the company to slash investments in the state. Source: Chevron Chevron said Tuesday in a filing it will impair some of its U.S. oil and gas production assets, mostly in California, because of “continuing regulatory challenges” there. It comes after the company said in December it was cutting refinery investments in the state because of policies aimed at phasing out fossil fuels.