The choice was made after Chevron's worldwide portfolio was examined to find competitive and strategic assets in terms of "future capital."
Energy corporations in the UK pay taxes equal to 75% of their income, thus it has nothing to do with the political climate there, according to Chevron.
According to the FT, major oil corporations are abandoning the basin in favor of more recent discoveries worldwide. ExxonMobil had departed in 2021.
source: ft.com
Energy corporations in the UK pay taxes equal to 75% of their income, thus it has nothing to do with the political climate there, according to Chevron.
According to the FT, major oil corporations are abandoning the basin in favor of more recent discoveries worldwide. ExxonMobil had departed in 2021.
source: ft.com