Business
Pumped up Chevron profit
Feb 1, 2013 / 6:58 am
Chevron says net income rose 41 per cent in the fourth quarter as the company produced more oil and gas, improved performance of its refinery business and realized a gain from swapping assets in an Australian natural gas field.
Chevron Corp. posted net income of $7.2 billion for the quarter on revenue of $60.6 billion. That's up from $5.1 billion on revenue of $60 billion a year ago.
On a per-share basis, Chevron earned $3.70. Analysts had expected the company to earn $3.07 per share, according to FactSet, but analysts had not factored in the $1.4 billion gain from Chevron's asset exchange.
Excluding the gain from the asset sale Chevron's net income rose 14 per cent in the quarter.
Read more Business News
Today's Market
| S&P TSX | 12667.22 | +9.13 |
| S&P CDNX | 948.32 | +6.27 |
| DJIA | 15303.10 | +8.60 |
| Nasdaq | 3498.965 | +33.722 |
| S&P 500 | 1649.60 | -0.91 |
| Gold | 1389.30 | -2.70 |
| Lumber | 316.00 | -4.50 |
| Oil | 96.05 | -0.11 |
| Natural Gas | 4.227 | -0.034 |
| CDN Dollar | 0.9699 | N/A |
_
Okanagan Companies
| Sun Rype | 6.29 | +0.19 |
| Pacific Safety | 0.05 | -0.02 |
| Knighthawk | 0.02 | 0.00 |
| QHR Technologies Inc | 0.56 | -0.01 |
| Cantex | 0.015 | 0.00 |
| Anavex Life Sciences | 0.475 | -0.025 |
| Metalex Ventures | 0.08 | 0.00 |
| Russel Metals | 26.54 | -0.08 |
| Copper Mountain Mining | 1.73 | -0.02 |
| Colorado Resources | 1.53 | +0.08 |
| ReliaBrand Inc | 0.13 | 0.00 |
_
The most brilliant marketing strategyOwning a business is a daily battle. Customers reduce everything to the most easily comparable factors – apples to apples – and dollars per unit. Business owners must constantly strive to...
The Accidental RunI had a crazy thought a few years ago. I was in the lobby of a Church talking to Matt Blacklock. Matt is a friend and ultra-marathon runner who has tackled some of Canada’s toughest long distan...
Stocks press onBig Picture Stocks press on Most major global equity markets continued their upward journeys this week despite less-than-inspired economic data. In the US, weaker-than-forecast employment and housing...
_
- Loonie heads lower
- Loonie takes a short dive
- Music industry biggies donate $70M
- IRS investigated for tea party targeting
- Loonie weakens as commodities fall
- The buck is up - a little
- Cheap deadly cars made in Brazil
- Bangladesh to raise wages
- Open for business
- 'Gatsby' earns $51.1M, 'Iron Man' $72.5M
- Chrysler recalls nearly 470,000 SUVs
- Bell not interested in selling more Astral
Showcase your business like no other marketing can and Join the growing number of businesses that get more customers.
Learn more here
