Ouch! Why Chevron Posted a $6 Billion Loss in Q4 2019
Big oil has been in big trouble this earnings season, and oil major Chevron (NYSE: CVX) hasn't been immune. The company reported an eye-popping $6.6 billion loss in the fourth quarter on Jan. 31. While that wasn't entirely unexpected (for reasons I'll outline below), a top-line miss sent shares tumbling following the release.
Silver linings were few and far between in the earnings report. Here's what investors should know.
Oil and gas company Chevron had its worst quarterly loss ever in Q4 2019. Image source: Getty Images.
Source Fool.com
