Chevron posts quarterly loss on more than $5 bln charges due to oil downturn

Chevron Corp posted a quarterly net loss on Friday, as the second largest U.S. oil producer took charges of $5.2 billion due to a collapse in oil prices due to the coronavirus pandemic and as related lockdowns decimated fuel demand.

from Top Business News- News18.com
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Chevron posts quarterly loss on more than $5 bln charges due to oil downturn Chevron posts quarterly loss on more than $5 bln charges due to oil downturn Reviewed by Team Exprssnews on July 31, 2020 Rating: 5

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