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Chevron takes action in response to the changing market

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World Pipelines,

Chevron Corporation has announced several steps it is taking in response to market conditions. “With an industry leading balance sheet and a flexible capital programme, we believe Chevron is resilient and positioned to withstand this challenging environment,” said Chevron Chairman and CEO Michael Wirth. “Given the decline in commodity prices, we are taking actions expected to preserve cash, support our balance sheet strength, lower short-term production, and preserve long-term value.”

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