Chevron Misses Estimates, Reports $725 Million Loss

The transcript discusses Chevron's first-quarter financial results, highlighting a loss per share of $0.39, which is significantly higher than the expected $0.18. The discussion compares Chevron's performance with Exxon, noting that Exxon managed to beat expectations by cutting its capital expenditures by 33%. Despite Chevron's efforts to control spending and lower its cost structure, its shares remain unchanged.

What was the expected loss per share for Chevron?

How does Chevron's reported loss compare to the street's expectations?

What percentage did Exxon cut its CapEx by in the quarter?

What measures is Chevron taking regarding its cost structure?

What was the market reaction to Chevron's financial results?