Chevron trims 2020 spending plan by $4 billion

Oil and gas major Chevron has made a decision to reduce its 2020 capital spending plan by $4 billion thereby joining many of its peers in drastic measures to mitigate the negative effects of the coronavirus pandemic and the recent plunge in oil prices. 

ApacheMurphy OilExxonMobilConocoPhillipsNoble EnergyShellAker BPHusky EnergyTotal, and Lundin are only some of the operators that have decided to slash their budgets for 2020 as a response to the challenging market situation.

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