Jul. 31, 2020

Chevron falls to $8 billion loss on write-downs

Article by Rob Watts, Upstream

US supermajor fully impairs its $2.6 billion investment in Venezuela and warns of continued pressure on earnings into third quarter US supermajor Chevron fell to a loss of $8.3 billion in the second quarter 2020, compared with earnings of $4.3…

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