Here is how despite sack of staff and slash in capital spending to ride out the downturn, Chevron still finished the year with a loss of $5.5 billion. Chevron reported a fourth-quarter loss Friday to conclude a rocky year for oil companies as the coronavirus battered demand for petroleum products. The US oil giant, which trimmed staff and slashed capital spending to ride out the downturn, finished the year with a loss of $5.5 billion, compared with earnings of $2.9 billion in 2019. Chevron lost $665 million in the…
Read MoreHow Chevron suffered $5.5bn loss in one year
