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2016-05-03 14:35:00

CHEVRON NET LOSS $725 MLN

CHEVRON NET LOSS $725 MLN

San Ramon, Calif., April 29, 2016 – Chevron Corporation (NYSE: CVX) reported a loss of $725 million ($0.39 per share – diluted) for first quarter 2016, compared with earnings of $2.6 billion ($1.37 per share – diluted) in the 2015 first quarter. Foreign currency effects decreased earnings in the 2016 quarter by $319 million, compared with an increase of $580 million a year earlier.

Sales and other operating revenues in first quarter 2016 were $23 billion, compared to $32 billion in the year-ago period.

"First quarter results…

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Tags: CHEVRON, LOSS, OIL, GAS, PRICES
Chronicle:
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