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US upstream news

 
 
 
 
 
 

Chevron announces 2Q20 loss of US$8.3 billion

Included in the current quarter were impairments and other net charges of US$1.8 billion primarily associated with downward revisions to the company's commodity price outlook, severance accruals of US$780 million, and a gain of US$310 million on the sale of Azerbaijan assets.

 
 
 

Schlumberger posts 2Q20 results

Schlumberger has reported its second straight quarterly loss after recording US$3.7 billion in impairment and restructuring charges.