Company News: Chevron (CVX) posts Q2 loss

Market news

29 July 2016

Company News: Chevron (CVX) posts Q2 loss

Chevron reported Q2 FY 2016 loss of $0.78 per share (versus earnings of $0.30 in Q2 FY 2015), missing analysts' consensus estimate of earnings $0.32.

The company's quarterly revenues amounted to $29.282 bln (-27.4% y/y), missing analysts' consensus estimate of $29.650 bln.

CVX fell to $100.32 (-1.44%) in pre-market trading.

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