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Chevron reports US$725m loss in Q1

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US energy firm Chevron reported Friday a loss of US$725 million in the first quarter, joining the growing list of petroleum giants that finished the period in the red.

[NEW YORK] US energy firm Chevron reported Friday a loss of US$725 million in the first quarter, joining the growing list of petroleum giants that finished the period in the red.

Chevron reported US$2.6 billion in earnings in the year-ago period. Losses were centered in Chevron's normally lucrative upstream division, which explores for and produces oil and natural gas.

AFP