Chevron Misses on Q4 Revenue, Earnings

Certain sectors of the economy have held on, or even thrived, during the coronavirus pandemic. Energy is not one of them.

The latest piece of evidence for this is Chevron's (NYSE: CVX) fourth quarter of 2020 earnings, which were released on Friday. In the quarter, the oil and gas giant suffered a decline of almost 31% in total revenue and other income, to $25.25 billion. On a non-GAAP (adjusted) basis, the company posted a net loss of $11 million ($0.01 per share), against the nearly $2.8 billion profit of Q4 2019.

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Source Fool.com