Fill This Form To Receive Instant Help
Homework answers / question archive / How the current pandemic COVID-19 affect Chevron? Discuss
How the current pandemic COVID-19 affect Chevron? Discuss. (20 marks)
Chevron corporation is a American multinational energy company and it is impacted by covid-19 to a large extent as it can be reflected in the quarterly performance of the company and the revenues of the company which started to downslide in the quarter of March 2020 and it continued till the last reported results in September, So, the companyhas been reflecting continuous downfall in the revenues as it was reporting a lower revenue in March quarter along with it reported almost 58% decline of revenue in June quarter and it reported a loss in the june quarter, so, the overall business of the company continued to downslide even in the September quarter and it continuously reported with the poor results.
It can also be reflected on the share price of the company because the share price of the company started to reflect downslide because the company was continuously reflecting lower profits as it started to decline from highs of 121 to lows of around 51, and it has also not regained the 52 week high and crossed that because the company has been performing poor and it has not recovered even if there is recovery edue to various efforts made by the Federal Reserve, so the company has been lagging behind and it is not reflecting a greater degree of recovery and pull back and hence it can be said that the covid-19 has impacted the performance of this company to a large extent and it has negatively impacted the revenues and it has also negatively impacted the profitability, so the price of share has gone down.