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.
Read more Business News
- Scam man has 44 convictionsKelowna - 11:51 am
- 2.5 times over the limitKelowna - 11:45 am
- Escape from CaboKelowna - 5:00 am
- Eagle rescued at seaBC - 10:28 am
|QHR Technologies Inc||1.26||-0.01|
|Anavex Life Sciences||0.20||-0.0195|
|Copper Mountain Mining||2.42||+0.02|
|Sunrise Resources Ltd||0.02||-0.005|
|Mission Ready Services||0.265||-0.005|
“Is this a fair offer from ICBC?”…. “How much should I settle for?”… “What is my claim worth?” These are just some of the questions I regularly get as...
Last night I was privileged to be able to speak at the Greater Westside Board of Trade business awards dinner. Photo: ContributedI talked about Innovation and Collaboration which are two very interes...
There will be a time when you will need to decide who you should appoint as executor of your Will. As well, there may be a time when you will be asked by someone to act as the executor of his or her W...