Friday, July 27, 2007

Chevron Second-Quarter Profit Rises as Crude-Oil Refining Margins Increase

(Bloomberg) -- Chevron Corp., the second-largest
U.S. oil company, said earnings rose 24 percent on a gain from
an asset sale and wider profit margins on gasoline and other
refined fuels.

Second-quarter net income climbed to $5.38 billion, or
$2.52 a share, from $4.35 billion, or $1.97, a year earlier, the
San Ramon, California-based company said today in a statement on
PR Newswire.


Read more at Bloomberg Energy News

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