Chevron concludes the fiscal third quarter with £159 million of net loss

Chevron Corp. (NYSE: CVX) published its earnings report on Friday that highlighted that company to have concluded the third quarter with £159.57 million of net loss that translates to 9.25 pence per share. In the comparable quarter of last year, the oil major had reported £2.0 billion of net income, or £1.05 per share. At £52.77 per share, Chevron is currently more than 40% down year to date in the stock market. Shares of the company had tanked to an even lower £41.80 per share in March. Learn more about the capital markets. Chevron reports £18.85 billion of revenue in