End of an Era: The US State of California is set to bid Goodbye to Crude Oil
Leading US oil producers Exxon Mobil and Chevron, in their forthcoming Q4 reports, will declare a $5 billion devaluation of their California assets. The American state of California is ending its more than a century-long relationship with crude oil as part of its initiative to combat climate change. Exxon Mobil and Chevron, the two largest