{"id":25562,"date":"2020-03-25T17:34:18","date_gmt":"2020-03-25T17:34:18","guid":{"rendered":"https:\/\/www.ceo-na.com\/?p=25562"},"modified":"2020-03-25T18:13:42","modified_gmt":"2020-03-25T18:13:42","slug":"chevron","status":"publish","type":"post","link":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/news\/chevron\/","title":{"rendered":"<Chevron>"},"content":{"rendered":"<p>Chevron is pulling out all the stops to cope with the\u00a0historic collapse\u00a0in oil prices.<\/p>\n<p><!--more--><\/p>\n<p>From\u00a0slashing spending, to scaling back its production ambitions and suspending its stock buyback program, <a href=\"https:\/\/edition.cnn.com\/2020\/03\/24\/business\/chevron-dividend-stock-oil\/\" target=\"_blank\" rel=\"noopener\">according to CNN<\/a>, the oil giant is pulling out all the stops to cope with the\u00a0historic collapse\u00a0in oil prices.\u00a0Chevron, which traces its roots to 1879, hasn&#8217;t cut its dividend since 1934 during the Great Depression, but as the coronavirus outbreak continues, the stage has been set for a deep global recession.<\/p>\n<p>Goldman Sachs predicted earlier this month that the biggest oil companies, including Chevron and ExxonMobil, will avoid dividend cuts because they no longer need high oil prices to break even.<\/p>\n<blockquote><p>&#8220;Our financial priorities remain intact. And the dividend is at the top of that list of priorities,&#8221; <strong>Chevron CEO Michael Wirth told CNN Business<\/strong>. &#8220;Our shareholders depend on that dividend.&#8221;\u00a0Wirth said the company is moving forward with a restructuring plan that began long before the oil crash. He added that Chevron has not &#8220;finalized&#8221; specific numbers around potential layoffs.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Chevron is pulling out all the stops to cope with  [&#8230;]<\/p>\n","protected":false},"author":8,"featured_media":25563,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1338],"tags":[99,1385,3454,3455,2588],"class_list":["post-25562","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ceo","tag-ceo-northam","tag-chevron","tag-historic-collapse-in-oil-prices","tag-oil-crisis"],"_links":{"self":[{"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/posts\/25562","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/comments?post=25562"}],"version-history":[{"count":2,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/posts\/25562\/revisions"}],"predecessor-version":[{"id":25565,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/posts\/25562\/revisions\/25565"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/media\/25563"}],"wp:attachment":[{"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/media?parent=25562"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/categories?post=25562"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/tags?post=25562"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}