Chevron to take USD 4bn in charges

The reason for the write-downs is the sale of assets in the Gulf of Mexico.

In addition to write-downs in the Gulf of Mexico, Chevron is also affected by new environmental requirements in California, resulting in less investment in the state. | Photo: Brian Snyder

AF MARKETWIRE

Chevron will write down goodwill for USD 3.5-4.0bn in the fourth quarter, the US oil giant announced on Tuesday.

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