Liquidation of Chevron company ??

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Chevron write that in the near future intends to terminate its operations and begin decommissioning..
 
Chevron's current strategy is to exit small markets. Refining and marketing is not where the big money is anyway, its crude production. Shell is also closing or selling refineries in some places.
 
Quote:
The same technology that brought the lowest natural gas prices to U.S. consumers since 2002 is being unleashed in Eastern Europe, threatening to reduce Russia’s grip on the region’s energy supplies.

Exxon Mobil Corp. (XOM), Chevron Corp. (CVX) and Talisman Energy Inc. (TLM) are among companies leading the drive to unlock gas trapped in shale rocks from Poland to Bulgaria that may be enough to meet regional demand for almost 80 years, according to the Energy Information Administration. Poland, the hub of the wildcatting, has completed seven wells out of 124 planned, and the results are being assessed now.

http://www.bloomberg.com/news/2011-06-07...-dominance.html

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