Markets brace for Big Oil profit plunge – The Seattle Times


Fortune
Markets brace for Big Oil profit plunge
The Seattle Times
Several oil producers and service companies have announced layoffs and reductions in spending on new drilling projects. BP told workers Monday that it would freeze pay for 2015. On Friday, Chevron posted a 30 percent decline in fourth-quarter profit, a
Big Oil needs to go on a diet now that the $100 a barrel party is overFortune

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