Monday, March 30th7.1°C
25326
24285

Pumped up Chevron profit

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.

The Canadian Press


Read more Business News




Recent Trending




Today's Market
S&P TSX14931.96+119.54
S&P CDNX683.68+2.25
DJIA17975.48+262.82
Nasdaq4932.83+41.61
S&P 5002081.55+20.53
CDN Dollar0.7890-0.004
Gold1196.30-8.80
Oil48.82-0.05
Lumber282.60-3.60
Natural Gas2.62-0.05

 
Okanagan Companies
Pacific Safety0.125-0.005
Knighthawk0.010.00
QHR Technologies Inc1.49-0.01
Cantex0.03-0.01
Anavex Life Sciences0.219+0.000
Metalex Ventures0.04-0.01
Russel Metals24.74+0.24
Copper Mountain Mining1.13+0.00
Colorado Resources0.125+0.010
ReliaBrand Inc0.006-0.001
Sunrise Resources Ltd0.045+0.000
Mission Ready Services0.255+0.020
Decisive Dividend Corporation1.80+0.02

 



25670

FEATURED Property
21098354572 Gallaghers Edgewood Court
2 bedrooms 2 baths
$659,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Down payment

If you have less than 20% down payment, mortgage insurance is required through Canada Mortgage & Housing (CMHC), Genworth or Canada Guaranty. Homeowners no longer need the minimum 5% down payment ...


CRA Notice of Assessment

Many Canadians rush to file their taxes on time each year and don’t think about it until the next year. One of the most overlooked notices received from the CRA annually is the annual Notice of ...


Medical confidential?

If ICBC asks your doctor for your information you may wonder: Can ICBC ask my doctor for my medical information? Can ICBC request a medical report from my doctor without my consent? What is ICBC entit...

_








Member of BC Press Council


25322