OREANDA-NEWS. Chevron Corporation (NYSE: CVX) today reported earnings of \\$571 million (\\$0.30 per share – diluted) for second quarter 2015, compared with earnings of \\$5.7 billion (\\$2.98 per share – diluted) in the 2014 second quarter. Included in the quarter were impairments of \\$1.96 billion and other charges of approximately \\$670 million relating to project suspensions and adverse tax effects, all of which were non-cash charges stemming from a downward revision in the company’s longer-term crude oil price outlook. Partially offsetting were gains on asset sales totaling \\$1.80 billion in the current quarter. Foreign currency effects decreased earnings in the 2015 quarter by \\$251 million, compared with a decrease of \\$232 million a year earlier.

Sales and other operating revenues in second quarter 2015 were \\$37 billion, compared to \\$56 billion in the year-ago period.