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Chevron Might Take Half-Billion Charge to Equity Due to Pension Fund Decline
San Francisco Chronicle 
Nov. 13, 2002 Excerpt: ChevronTexaco warned Tuesday that it may take a $500 million charge to stockholder equity at the end of the year because of the declining value of its employee pension fund. The pension fund has been hurt by the stock market's nose-dive and $100 million in payouts to laid-off workers, according to a regulatory filing. MORE >> |
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