John Watson benefited from a smart employee retention policy he says others can institute too.
Dec 7- Oil and gas major Chevron Corp on Wednesday announced a $19.8 billion capital and exploratory investment program for 2017, down 42 percent from its outlays in 2015.. "This is the fourth consecutive year of spending reductions," Chief Executive John Watson said in a statement. San Ramon, California- based Chevron reported a drop in third-quarter profit in...
HOUSTON, July 29- Chevron Corp posted its worst quarterly loss since 2001 on Friday and Exxon Mobil Corp reported a 59 percent slide in quarterly profit, both victims of a prolonged rout in crude prices and sinking income from refining, a sign of the broad malaise across the energy sector. "It's a challenging environment for the integrated" oil producers, said Brian...
HOUSTON, July 29- Chevron Corp, the second largest U.S.-based oil producer, posted a second-quarter loss on Friday, its largest since 2001, due to the slump in crude prices and refining income. The company lost $1.47 billion, or $1.07 per share, in the quarter, compared with a net profit of $571 million, or 30 cents per share, in the year-ago period.
Chevron CEO John Watson joined CNBC to discuss the energy market and its latest endeavor.
This is what investors have to look out for when evaluating the sustainability of an energy company's dividend, according to an analyst.
Here is the full, uncut interview with John Watson, chairman and CEO of Chevron.
An analyst says investors should expect dividend cuts after Chevron reported a quarterly loss for the first time since 2002.
The blend of macro forces driving commodities lower makes it unlikely the sector will recover for months to come.
John Watson, chairman and CEO of Chevron, discusses at length his views on oil and the energy market.
Oil prices will likely climb in the next year as supply and demand in the market begin to balance, Chevron CEO John Watson said.
*Profit ex-items $2.55/ share, misses $2.83 analysts' view. Increasing output from the wellhead is a struggle for many big oil companies, including Exxon Mobil Corp and Royal Dutch Shell.
*Profit of $2.55/ share before items miss analysts' view of $2.83. Nov 2- Chevron Corp posted much lower-than-expected quarterly earnings on Friday as maintenance exacerbated a steady decline in oil and natural gas production and as a huge fire at one of the company's California plants hit the refining business.
Nov 2- Chevron Corp posted a 33 percent drop in quarterly earnings as maintenance exacerbated a steady decline in output from oil and natural gas wells over the past year and as a huge fire at one of the company's California plants hit the refining business.