Chevron posts earnings of 30 cents a share vs $1.16 expected

Wall Street expected Chevron to deliver quarterly earnings per share of $1.16 on $30.91 billion in revenue, according to consensus estimates from Thomson Reuters.. Lower oil prices have hurt oil giants like Chevron and Exxon Mobil. The eliminated positions are across 24 business groups in its corporate center and will result in cost reductions of about $1...