Chevron to take up to USD 4 bn impairment impact in Q4
Oil giant Chevron said Tuesday it would take an accounting hit to part of its US assets and recognize some losses, resulting in an impact in its fourth quarter results of up to USD 4 billion. The actions are, in total, estimated to result in charges of USD 3.5 billion to USD 4.0 billion in Chevron's fourth quarter 2023 results.