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GAZB - Many more energy writeoffs likely following Chevron $10B-plus charge
Barclays Bank PLC
Shares of big gas producers are mostly lower after Chevron (CVX-1.3%) announced a $10B-$11B charge against the value of its assets and a reduced forecast for commodity prices: CHK-3.3%, EQT-3.1%, SWN-1.4%, GPOR-1.4%, COG-0.3%, RRC+0.2%, AR+1.6%.
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