The commodity downturn that began in the second half of 2014 has severely impacted most of the oil and gas companies across the globe, including the US-based integrated energy company, Chevron Corporation. The oil and gas giant’s revenue and EBITDA dropped close to 40% in 2015, due to the weak commodity prices throughout the year. As a result, the company’s stock dropped from its all-time high of $133 per share to close to $100 per share, representing a drop of more than 30% since mid-2014.
Chevron's Revenue Will Move If Crude Oil Prices Rebound To $100 Per Barrel By 2018
Forbes - 7 Sep 2016 20:32
The commodity downturn that began in the second half of 2014 has severely impacted most of the oil and gas companies across the globe, including the US-based integrated energy company, Chevron Corporation. The oil and gas giant’s revenue and EBITDA dropped close to 40% in 2015, due to the weak commodity prices throughout the year. As a result, the company’s stock dropped from its all-time high of $133 per share to close to $100 per share, representing a drop of more than 30% since mid-2014.
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