Chevron swings to quarterly loss on $10.4 billion impairment charge

January 31, 2020 admin Business News Comments Off on Chevron swings to quarterly loss on $10.4 billion impairment charge

Chevron Corp on Friday posted a fourth-quarter loss as the oil major booked an impairment charge of $10.4 billion related largely to a deepwater Gulf of Mexico project, shale gas assets in Appalachia and the Kitmat LNG project in Canada.

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Source:: Reuters – Business News