The second-largest US oil producer Chevron in the second quarter increased its net profit to 3 billion 410 million dollars from 1 billion 450 million dollars for the same period last year. Earnings per share were 1 dollar 78 cents, falling short of the analysts' forecasts of 2 dollars 9 cents per share. Revenue increased to 42 billion 240 million dollars from 34 billion 480 million, while the experts had predicted 45 billion 650 million dollars. Last quarter, Chevron increased oil and gas production to 2 million 830 thousand oil equivalent. In the field of exploration and production, its profit rose to 3 billion 300 thousand dollars from 853 million dollars a year earlier.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
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 ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...