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DewDiligence

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DewDiligence

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Re: semi_infinite post# 10144

Friday, 07/31/2015 11:09:52 AM

Friday, July 31, 2015 11:09:52 AM

Post# of 29485
CVX -4% to 4-year low on 2Q15 results:

http://www.wsj.com/articles/chevrons-profit-plunges-on-impairments-1438347068

Chevron booked $1.96 billion in impairments and $670 million in charges related to project suspensions and adverse tax effects. Chevron said the charges stemmed from a downward revision of its long-term crude-oil price outlook. Those charges were partially offset by $1.8 billion in asset sales in the quarter.

2Q15 CC slides:
http://phx.corporate-ir.net/External.File?t=1&item=VHlwZT0yfFBhcmVudElEPTUxOTY2Mzl8Q2hpbGRJRD01ODkxMTA=

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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