Rebels And Tax Avoidance: Chevron’s Problems Pile Up

OILPRICE.COM
Irina Slav
15 June 2016

Surviving the oil price crisis is tough enough on its own, but some oil industry players have had particularly bad luck, and some, such as Chevron, may very well have caused some of this bad luck themselves.

As if posting a second consecutive quarterly loss for January to March 2016 was not enough, Chevron is grappling with rebel attacks on its production and transport assets in Nigeria, and has come under suspicion from the local Senate for allegedly inflating the cost of a gas project. On top of this, it’s facing growing hostility from Australian tax authorities over multiple issues.

> Read more: http://oilprice.com/Energy/Energy-General/Rebels-And-Tax-Avoidance-Chevrons-Problems-Pile-Up.html