Tag: 2015 Q4

Chevron posts first money losing quarter since 2002

Chevron cutting spending, laying off workers, selling assets DALLAS _ Chevron suffered its first money-losing quarter since 2002 in the final three months of last year, as plunging crude prices chopped more than one-third from its revenue. Oil traded this month at levels not seen since 2003, although it has rebounded slightly in the last few […]