SHARES: Chevron joins PetroChina at six-year low (12-26 August)

摘要

US major Chevron joined Chinese state-affiliated PetroChina earlier this week, with shares in both companies falling to their lowest levels since 2009, coinciding with international oil prices plumbing new depths in the current price environment. The stock value of American, European, Russian and Chinese IOCs fell substantially, as Brent front-month futures crashed to a six-year low below the USD 43/barrel mark [4] on Monday, more than 55% lower than the equivalent contract a year earlier.