
Chevron posts $8.3 billion second-quarter loss on write downs, job cuts
Reuters HOUSTON – Chevron Corp (CVX.N) on Friday reported an $8.3 billion loss in the second quarter on asset writedowns from plummeting fuel prices, a forced exit from Venezuela and expenses tied to thousands of jobs cuts. Multibillion-dollar asset writedowns have become a prominent part of second-quarter energy results as the COVID-19 pandemic crushed fuel demand and created a massive