Company News: Chevron (CVX) posts unexpected quarterly loss

Market news

29 January 2021

Company News: Chevron (CVX) posts unexpected quarterly loss

Chevron (CVX) reported Q4 FY 2020 loss of $0.01. per share (versus earnings of $1.49 per share in Q4 FY 2019), beating analysts’ consensus estimate of $0.08 per share.

The company’s quarterly revenues amounted to $25.246 bln (-30.5% y/y), missing analysts’ consensus estimate of $25.967 bln.

CVX fell to $87.74 (-1.44%) in pre-market trading.

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