Chevron to cut up to 7,000 jobs amid oil slump

October 30, 2015 1:14 PM

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Energy giant Chevron plans to shed 6,000 to 7,000 jobs and slash its capital investment plan after low energy prices dealt a sharp blow to the company's sales and profit in the third quarter.

The company is latest in a series of energy giants that are turning to steep job cuts to stabilize its finances amid a prolonged slump for oil and natural gas prices.

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