Chevron Corp (CVX)

[Timothy Smith]

Chevron cut capital expenditures by 13% compared to the same period in 2013.

That has saved billions of dollars, and Chevron is raising billions more through asset sales.

As the company stated on its conference call, Chevron sold $3.9 billion of assets just last quarter, and has realized nearly $11 billion in asset sales over the past 18 months.

Lastly, Chevron won't buy back stock this year, which will save another $5 billion each year.