US energy (NasdaqCM: USEG – news) firm Chevron (Euronext: CHTEX.NX – news) reported Friday a loss of $ 725 million in the first quarter, joining the growing list of petroleum giants that finished the period in the red.
Chevron reported $ 2.6 billion in earnings in the year-ago period. Losses were centered in Chevron’s normally lucrative upstream division, which explores for and produces oil and natural gas (Other OTC: UBGXF – news) .
