Chevron swings to large loss on $10 billion in charges, shares sink
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HOUSTON (Reuters) - Chevron Corp swung to a large fourth-quarter loss on weaker oil and gas prices and $10.4 billion in charges as it stepped up efforts to cull unprofitable assets, and shares of the No. 2 U.S. oil producer tumbled 3% in early trading. In December, Chevron warned it could take up to $11 billion in writedowns on properties that were no longer economical: Appalachian shale gas properties, a proposed Canadian liquefied natural gas project and a U.S. offshore field.With oil prices..