Chevron Turned $3.1 Billion Loss Into A Gain In One Quarter Amid ‘Heightened Volatility’ During Iran War

Chevron Turned $3.1 Billion Loss Into A Gain In One Quarter Amid ‘Heightened Volatility’ During Iran War
The swing was rooted in Chevron’s commodity derivatives, which in the company’s case are financial contracts that get their value from oil shipments.