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A&D - Chevron weighs Appalachian Basin shale divestment - December 2019
Pressured by a lower gas price outlook, Chevron announced it is evaluating strategic alternatives including divestment for its Appalachian Basin shale position, the Kitimat LNG project in British Columbia, and other natural gas assets overseas. It is reducing funding to these assets next year while keeping overall capex flat at $20 billion for the third straight year. The supermajor said it expects its Q4 results to reflect after-tax impairments totaling $10-11 billion, more than......
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