34232
30607
S&P/TSX
14582.72
+31.08
+0.21%
S&P-CDNX
796.17
+11.22
+1.43%
S&P-500
2173.60
+3.54
+0.16%
NASDAQ
5162.13
+7.15
+0.14%
Dow
18432.24
-24.11
-0.13%
Dollar
0.7674
+0.0073
+0.97%
Oil
41.38
+0.24
+0.58%
Gold
1326.30
+5.60
+0.42%
Silver
19.66
+0.05
+0.23%


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.



More Business News

30337
Recent Trending
34079
Member of the RTNDA
Press Room
32864