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Chevron reports decline in earnings and outlines plan for significant cost cuts

By Yahoo! Finance   |   Nov 4, 2024 at 06:47 AM EST
Chevron reports decline in earnings and outlines plan for significant cost cuts

Chevron's Q3 2024 earnings dropped to $4.5bn due to lower margins and realizations. Despite this, cash flow remained stable. The company aims to reduce costs by $2-3bn and increase US Gulf of Mexico production.

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