Chevron has been among the strongest performers among the big oil majors but the company is trying to stay ahead of weakness in shale that has hurt other large oil exploration companies. “The company is proactively evaluating existing operating models and structures to better position Chevron to compete and win in any environment,” said Chevron spokesman Kent Robertson. Known for cost cutting at refining and chemical operations earlier in his career, Wirth’s overhaul will apply those skills to Chevron’s upstream operations, which supply 90% of profit but face challenges from shale fields that require constant investment to keep …read more
Source:: Yahoo Finance
