You are here

Chevron reports US$725m loss in Q1

37984968 - 06_04_2016 - CHEVRON-SALE_.jpg
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

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes