Chevron Reports Second Quarter Loss of $1.5 Billion

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Go back to Chevron Reports Second Quarter Loss of $1.5 Billion

Chevron (CVX) Posts Q2 Loss of 78c/Share

July 29, 2016 8:31 AM EDT

Chevron (NYSE: CVX) reported Q2 EPS of ($0.78), which may not compare with the analyst estimate of $0.32. Revenue for the quarter came in at $29.28 billion versus the consensus estimate of $28.08 billion.

Included in the quarter were impairments and other non-cash charges totaling $2.8 billion, partially offset by gains on asset sales of $420 million. Foreign currency effects increased earnings in the 2016 second quarter by $279 million, compared with a decrease of... More