Chevron (CVX) Misses Q2 EPS by 67c

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Chevron Announces Second Quarter 2020 Results

July 31, 2020 6:45 AM EDT

Capital and operating cost reductions on track Second quarter loss of $8.3 billion; adjusted loss of $3.0 billion Includes non-cash net charges of $5.2 billion and a $310 million asset sale gain Enters agreement to acquire Noble Energy

SAN RAMON, Calif.--(BUSINESS WIRE)-- Chevron Corporation (NYSE: CVX) today reported a loss of $8.3 billion ($(4.44) per share - diluted) for second quarter 2020, compared with earnings of $4.3 billion ($2.27 per share - diluted) in second quarter 2019. Included in the current quarter were impairments and other net charges of $1.8 billion primarily associated... More