Monday, March 2nd-0.4°C
25327
22952

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

24947


Recent Trending




Today's Market
S&P TSX15245.69+11.351
S&P CDNX705.90-0.83
DJIA18220.65+87.95
Nasdaq4992.965+29.437
S&P 5002110.85+6.35
CDN Dollar0.7964-0.0031
Gold1203.00+6.10
Oil51.29-0.85
Lumber297.20+1.20
Natural Gas2.895-0.007

 
Okanagan Companies
Pacific Safety0.12+0.005
Knighthawk0.010.00
QHR Technologies Inc1.60+0.05
Cantex0.035-0.005
Anavex Life Sciences0.190.00
Metalex Ventures0.035-0.005
Russel Metals25.33-0.05
Copper Mountain Mining1.33+0.03
Colorado Resources0.135-0.015
ReliaBrand Inc0.008-0.0007
Sunrise Resources Ltd0.035-0.015
Mission Ready Services0.225-0.01

 



24279

FEATURED Property
2103526#312- 265 Snowsell Street
2 bedrooms 2 baths
$198,500
more details
image2image2image2
Click here to feature your property
Please wait... loading


Refinance your mortgage?

Canadian Mortgage rates are low and could be dropping down in time for the spring market following a drop in the Bank of Canada Rate on January 21 by 1/4% which will save new buyers and those with mo...


Creating your retirement vision

A vision means different things to different people. To the head of a large corporation, it’s the ability to chart a course that will deliver success (think Steve Jobs and Apple), to a shaman, i...


Are you asking the right questions?

Have you ever had this happen to you? You are in the middle of your second or third good discussion with a prospect and everything seems to be going great. The prospect seems engaged and happy to work...

_








Member of BC Press Council


24681