- Company News: Chevron (CVX) reports wider-than-expected quarterly loss
Market news
31 July 2020
Company News: Chevron (CVX) reports wider-than-expected quarterly loss
Chevron (CVX) reported Q2 FY 2020 loss of $1.59 per share (versus earnings of $2.27 per share in Q2 FY 2019), worse than analysts’ consensus estimate of -$0.89 per share.
The company’s quarterly revenues amounted to $13.949 bln (-64.1% y/y), missing analysts’ consensus estimate of $21.707 bln.
CVX fell to $84.00 (-2.63%) in pre-market trading.
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