Replies to post #21508 on The Rising Influence of Rising Affluence

[semi_infinite]

That's not settled yet and it will require a change in long term oil price forecast for the BOD's to convene on that topic. So you can imply from all the decisions in unison that they are sticking to their LT forecasts while cutting spending to the bone - works for now until it doesn't.

[DewDiligence]

CVX continues divestitures of “non-core” assets—(PR issued yesterday):

https://finance.yahoo.com/news/chevron-sells-azerbaijan-assets-mol-180600191.html

Chevron Corporation announced today that its affiliate companies have sold their non-operating interests in the Azeri-Chirag-Deepwater Gunashli (ACG) oil fields (including interests in the Western Export Route Pipeline) and the Baku-Tbilisi-Ceyhan (BTC) oil pipeline located in Azerbaijan, to MOL Hungarian Oil and Gas PLC for a consideration of $1.57 billion.

This line from the same PR is amusing:

In this context, "consideration" means the negotiated sale price.

In other words, the stated amount ($1.57B) does not include a bribe.