Company News: Chevron (CVX) posts Q1 losses above analysts’ expectations

Market news

29 April 2016

Company News: Chevron (CVX) posts Q1 losses above analysts’ expectations

Chevron reported Q1 FY 2016 net losses of $0.39 per share (versus net profit $1.37 in Q1 FY 2015), worse than analysts' consensus of -$0.16.

The company's quarterly revenues amounted to $23.533 bln (-31.9% y/y), beating consensus estimate of $22.735 bln.

CVX fell to $100.92 (-1.45%) in pre-market trading.

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