New York – Chevron reported a hefty loss Friday because the weakened financial outlook because of the coronavirus pandemic slashed the worth of belongings on expectations that commodity costs will keep down longer.

The US oil big reported a lack of $8.Three billion within the second quarter, becoming a member of the rising group of petroleum corporations to undergo losses.

Chevron reported earnings of $4.Three billion (3.6 billion euros) within the year-ago interval.