Chevron books first loss since 2002

US oil company Chevron booked its first loss in years after the plunge in the oil price has taken its toll with massive impairments and provisions.

Photo: PR-foto: Chevron

The US oil major Chevron booked its first loss in an interim report since 2002 as a result of the plummeting oil price, reports Bloomberg news.

In the fourth quarter, the oil company suffered a deficit of USD 588 million - which corresponds to a loss of USD 0.31 per share - while the company for the full year achieved an income of USD 3.5 billion or USD 1.85 per share.

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