Chevron profit tumbles 90 percent, misses estimates; shares drop
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Chevron (CVX) Reports Q2 Sales of $37B
July 31, 2015 8:34 AM EDTChevron (NYSE: CVX) reported Q2 EPS of $0.30, may not compare to the analyst estimate of $1.16. Revenue for the quarter came in at $37 billion versus the consensus estimate of $30.91 billion.
*** Included in the quarter were impairments of $1.96 billion and other charges of approximately $670 million relating to project suspensions and adverse tax effects, all of which were non-cash charges stemming from a downward revision in the companys... More
