Finance

Chevron falls to $8 billion loss on write-downs

US supermajor fully impairs its $2.6 billion investment in Venezuela and warns of continued pressure on earnings into third quarter

Quarterly losses: Chevron chief executive Mike Wirth
Quarterly losses: Chevron chief executive Mike WirthPhoto: ANDREW MANGUM/UPSTREAM
  • Rob Watts
London
Mike WirthChevronAmericasNorth America
Published 31 July 2020, 11:31Updated 3 August 2020, 09:54