Chevron's quarterly net loss 2020
Chevron Corporation began the 2020 financial year with a first quarter net income of 3.6 billion U.S. dollars. As the most challenging year for oil companies since the 2016 oil crisis, Chevron has struggled to turn profits this year. The second quarter was its most humbling that year, when it reported a net loss of 8.2 billion U.S. dollars. Nevertheless, the net losses of its competitor Exxon Mobil in 2020 were far higher.
