Chevron Protects Dividend, Slashes Another 36% Off Spending
by Nick Cuningham via OilPrice.com,
ZeroHedge.com
03/09/2016
The supermajors might be protecting their dividends, but they are also risking lower long-term oil production. For now, that is a problem for another day. Referring to his company’s first negative reserve-replacement ratio in 12 years, Shell’s CFO said in February: “While we’re not entirely comfortable with a negative number, it’s not the most important thing today.”
The Rest…HERE
