EnergyWatch

Chevron presents deficit of USD 8.3bn

The US-based supermajor has booked massive impairments and saw its Q2 revenue cut in half.

Photo: JUSTIN SULLIVAN/AFP / GETTY IMAGES NORTH AMERICA

In the last few months, the Covid-19 pandemic has resulted in a "significantly reduced demand" for Chevron's products and sent the world's oil prices into a steep dive.

This can be clearly read in the US-based oil and gas supermajor's second-quarter interim report, showing a loss of USD 8.3 billion – and even its adjusted result lands in a hole USD 3 billion deep.

Read this article for free

Register with your E-mail.
No credit card required.

Get full access for you and your coworkers.

Start a free company trial today

Related articles

Latest News

Vacancies

See all

See all