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Companies & Markets

Chevron reports US$725m loss in Q1

Published Fri, Apr 29, 2016 · 01:49 PM
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[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

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