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Following the results of the third quarter, the American oil corporation, Chevron, reported an increase in net profit 2.1 times in annual terms to 4 billion 50 million dollars. Per share, the indicator rose to 2 dollars 13 cents, while experts had predicted 2 dollars 6 cents per share. Revenues amounted to 44 billion dollars, an increase over the year by 21.5%. Forecast of the economists assumed revenue growth to 46 billion 670 million dollars. In the past quarter, the company produced the maximum volume of oil and gas in its history - 2,960,000 barrels of oil equivalent per day. The price of Chevron shares in preliminary trading on Friday rose by 2.3%.
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
European shares traded lower earlier on Thursday after underwhelming earnings reports dampened a U.S. Fed vow to continue rolling out stimulus plans in a bid to soften the economic blow of the COVID-19 pandemic. The pan-European STOXX lost ...
European stocks traded slightly higher on Tuesday ahead of a U.S. decision to roll out additional stimulus plans despite the underwhelming quarterly earnings reports from the luxury goods market. The pan-European STOXX index inched higher ...
On Tuesday, Snap Inc.’s (SNAP.N) stock price declined by more than 11% in after-hours trading as investors digested the company’s user and revenue growth after its second-quarter earnings report. The social media company reported ...
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